Sicagen India is country's leading provider of trading and marketing services for construction-related industrial and retail infrastructure.
Sical Logistics Ltd, India’s leading provider of integrated multi-modal logistics solutions for bulk and containerized cargo and offshore logistics, received the order from the Hon'ble High Court of Madras, sanctioning the de-merger of its non logistics businesses into a wholly owned subsidiary, Sicagen India Limited, with effect from 1 October 2006.
The approval marked the successful completion of the de-merger process which was initiated by Sical in the beginning of 2007. The de-merger was an important step in the company’s restructuring efforts and will enable dedicated focus on its core business of bulk, container and offshore logistics.
As per the scheme sanctioned by the High Court, all the shareholders of Sical were allotted one equity share in Sicagen at a premium of Rs.74.50 per share, credited as fully paid up for every one share held in Sical. The entire paid up capital of Sicagen is currently held by Sical and its nominees.
As a result of the de-merger, Sicagen consists of trading and service undertakings and coffee plantations. The trading companies consist of building materials and vehicle sales while the services undertakings will consist of travel related services, ship building and repairs, governor services and windmill generation. The assets and liabilities of the said undertakings was transferred to Sicagen, at the values appearing on the books of Sical as of 30 September '06. The transfer included all movable and immovable assets, liabilities, including all intellectual property rights, books, records and requisite documents pertaining to the business of the company.
Business area of the company:
- Building materials trading- Sicagen's core business is trading of building materials such as steel tubes, MS/GI pipes, boiler tubes, seamless tubes, rectangular/square hollow sections, TMT steel rebars, PVC pipes, electrical cables, steel fittings and cement. Sicagen is the authorized distributor for Tata Steel, Jindal Pipes, SAIL, Finolex Cables, Supreme Industries, Maharashtra Seamless and ACC Cements, and Tata Steel's consignment agent at Aurangabad, Ernakulam, Hosur and Pune.
- Vehicle sales- Sicagen is the leading dealer of commercial vehicles for Tata Motors in India's Tamil Nadu state. Governor Services- Goodwill Governor Services is India's only authorized service center for woodward, makers of the world's finest governors.
- Boat Building- Goodwill Engineering Works, a Sicagen division, builds passenger and cargo vessels, boats, tugs and barges.
- Speciality eco-chemicals - Sicagen’s speciality eco-chemicals division provides water treatment and process improvement solutions for the petrochemical, fertilizer, refinery, power, pharmaceuticals, agro and pesticides industries.
Prominent customers:-
- ABB
- Ashok Leyland
- Atlas Copco
- Blue Star
- Cipla
- Dalmia Cement
- Deccan Cements
- Dr Reddy's Laboratories
- Greaves Cotton
- Heritage Foods
- Hetero Drugs
- Hindalco
- Hindustan Unilever
- The India Cements
- Lakshmi Card Clothing
- Lakshmi Machine Works
- Malabar Cements
- Manali Petrochemicals
- Matrix Laboratories
- Micro Labs
- Naandi Foundation
- Nagarjuna Construction
- Nicholas Piramal
- Orchid Chemicals and Pharmaceuticals
- Sathavahana Ispat
- Srichakra Cements
- Sundaram-Clayton
- Voltas
- Venky's India
- Wipro Consumer Products
Achievements/ recognition
- It has won Tata Steel's Star Project Distributor award for 2005-06 and 2006-07.