The company was incorporated as ‘Saketh Exim Private Limited’ on June 16, 2010 under the Companies Act, 1956 with the Registrar of Companies, Mumbai bearing Registration No. 204331. Subsequently, the status of the company was changed to a public limited company and the name of the company was changed to ‘Saketh Exim Limited’ vide Special Resolution dated December 07, 2017. A fresh certificate of incorporation consequent upon conversion was granted to the company on December 19, 2017, by the Registrar of Companies, Mumbai.
Business area of the Company:
The company is engaged in the business of manufacturing and fabricating of a wide range of steel products used in Pipe Support Systems, HVAC Systems, Anti-vibration System and Equipment for Industrial, Commercial, Utility and OEM Installations. The company manufactures engineering products, metal and base metal products like bolts, clamps, G. I. nuts and hangers etc. Its product portfolio also includes all types of bathroom accessories, bathroom pipes, fittings and sanitary wares. It has 3 manufacturing units located at Vasai. The company is also engaged in trading of textile products like fancy shirtings and finish fabrics. The company also exports its products to various geographies such as USA and various countries in Middle East serving to various companies of several industries.
Key Events and Milestones:
- 2010: Incorporated under Companies Act, 1956 as Saketh Exim Private Limited
- 2011: Change in the management of the company, wherein ‘Patel Family’ got majority control.
- 2011: Purchase of Land admeasuring 300 sq. mtrs. on lease basis from MIDC.
- 2014: Received UL Certification.
- 2016: Received ISO 9001:2015 certification confirming to the Quality Management System from the SGI.
- 2016: Received FM Approvals.
- 2016: Obtained a Certificate of Recognition as ‘One Star Export House’ issued by the Additional Director General of Foreign Trade/ Development Commissioner (SEZ).
- 2017: Acquired Membership cum Registration with the Federation of Indian Export Organization.
- 2017: Added further products to the product portfolio and widened the customer base.
- 2017: Additional Machinery purchased for electroplating process i.e. it acquired a property on rent for set-up of the plant and machinery.
- 2018: Changed the status of the company from Private to Public i.e. to Saketh Exim Limited and adoption of new set of Memorandum & Articles of Association to bring in line with the Companies Act, 2013.