The company was originally incorporated as ‘Vera Synthetic Private Limited’ as a private limited company under the provisions of Companies Act, 1956, vide Certificate of Incorporation issued by Deputy Registrar of Companies, Gujarat, Dadra and Nagar Haveli on February 16, 2000 bearing Registration No. 04-37369. Subsequently, it was converted into public limited company pursuant to shareholders resolution passed at Extra-ordinary General Meeting of the company held on August 31, 2017 and the name of the company was changed to Vera Synthetic Limited pursuant to issuance of fresh certificate of incorporation dated September 25, 2017 by Registrar of Companies, Gujarat, Ahmedabad.

The company’s manufacturing facility is divided into two units namely Division I and Division II (both situated in the same premises at Mamsa, Gujarat). The company’s manufacturing unit is well equipped with required facilities and machineries to facilitate smooth manufacturing process. The company also has in-house testing machines to test its products. Its finished product undergoes a quality check to ensure that they are of relevant quality as per the standards set before being dispatched. The company’s in house testing laboratory regulates and monitors the quality, strength and the thickness of the Ropes and Nets as per the requirements of the customer. The company endeavours to maintain safety in its premises by adhering to key safety norms.

At present, the company caters majorly to domestic markets. It has its dealers, traders and distributors spread across different regions of the Country thus giving it the advantage of widespread geographical presence. Currently the company sells its products either directly to traders/fishermen or through its distribution network in Gujarat, Maharashtra, Kerala, Karnataka, Andhra Pradesh, Punjab, Tamil Nadu, Haryana, Uttar Pradesh, Delhi, Rajasthan, etc. It aims to expand its customer base by reaching out to new states and increasing the sales in existing states.

Business area of the company

The company is engaged in manufacturing of Fishing Nets, PP Yarns, PP/HDPE Ropes, PP Twines and Niwar. It manufactures and markets its products under its flagship brand “Sujlon”. The company’s products are primarily used in fishing sector and other allied use thereon.

Key Events and Milestones

• 2000: Incorporation of Company.
• 2012: Turnover of the company crossed Rs 20 crore.
• 2017: Conversion of Company into Public Limited Company.