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Welcome to Navcom Industries Limited

The company was incorporated on 30th Sept. 1991 under the Companies Act. 1956 and obtained certificate of commencement on 3rd Dec 1991. Initially the company had set up 75,000 TPA solvent extraction plant (SEP) & 15,000 TPA Veg. Oil refinery at MIDC Chincholi, Solapur (Maharashtra), which commenced commercial production in the month of March 93 and November 93 respectively.

Sangli units of company commenced commercial production of Vegetable Ghee and Veg. Oils in Sept. 1992 having installed capacity of 7,500 TPA and 15,000 TPA respectively.

The Company had set up the following production facilities:

Location Products Installed Production Capacity Commenced
1. Sangli a) Veg. refined oil 15,000 TPA Sept.1992
  b) Vegetable ghee 7,500 TPA Sept.1992
       
2. Solapur a) Solvent extraction (de-oiled meals) 75,000 TPA March 1993
  b) Vegetable refined oils 15,000 TPA Nov.1993

The initial project was appraised & financed by IDBI and since the date of inception the Company has been able to surpass its projected profitability. The Company undertook further diversification and had set up a cattle feed/poultry feed unit at existing land at B-12 MIDC Chincholi, Solapur which commenced commercial production in December 1993. The Company has also doubled its capacity of Vegetable Ghee plant at Sangli factory.

The company was one of the leading producers & exporters for solvent extraction mills & other agro commodities. Since beginning the Company has laid emphasis on export of its quality/high protein de-oiled cakes. During the first full year of its operation in 1993-94, the Company had achieved an export turnover of Rs.1495 lakhs and secured recognition as an `Export House' from the Govt. of India.

During the financial year 1998-99, due to sudden changes in Government policies and natural calamities (Kandha Cyclone), the operation of the company got adversely affected. Irrespective of the best effort, management of the company could not revive its operation and became a sick company from the financial year 2000-01.

Now the company is in the process of revival of its operation and expects to regain its position in future.