National Standard (India) Ltd Share Price

History of National Standard (India) Ltd

National Standard (India) Limited (Formerly known National-Standard Duncan Limited) was incorporated on August 20, 1962. The Company attained a new change in name to 'National Standard (India) Limited' from National-Standard Duncan Limited in September, 2003. At present, Company is engaged in Real Estate Development. Prior to this, the Company manufactured bead-wire for tyres and other types of specialised wires. It was formed and collaborated between National Standard Company, US, and Indian Agency House of Duncan Brothers & Co., Calcutta. The Wire Division is constructing a wire plant at Baddi, Himachal Pradesh. The machinery division is establishing a full-fledged computer-aided-design facility at Thane and it is exploring the possibility of enhancing its capacity to produce engrave ...d steel tyre moulds for off-the-road tyres, and segmental moulds for radial tyres. The company is a major exporter of tyre bead-wire and tyre moulds. It has specially developed hi-tensile tyre bead-wire with high tin content in the bronze plate, for the overseas markets. In view of entailing the losses during year 1999-00, the Company became a Sick Industrial Company with the meaning of SICA and a reference was made to the BIFR. In 2010, the Company launched a Residential Project, Lodha Excellencia at Thane, Mumbai on 1st May, 2010. Consequent to completion of open offer formalities, the Company became a direct subsidiary of Anantnath Constructions and Farms Private Limited (ACFPL) and step down subsidiary of Lodha Developers Limited, w.e.f. 19th May, 2011. Accordingly in terms of the open offer, erstwhile promoters, Mr. N.P.S.Shinh and his associate ceased to be the Promoter of the Company and ACFPL became the Promoter of the Company effective from 19th May, 2011. It launched another commercial viz., Supremus IV, in 2011. The Company commissioned 'Lodha Supremus', commercial project, at Thane in 2014. The real estate development project of the Company was completed in 2018. Macrotech Developers Limited and Sanathnagar Enterprises Limited have merged with the Company effective from April 30, 2022. The Company has undertaken a residential project by the name of 'Lodha Grandezza' in the Central Business District of Thane, Wagle Estate. The Project comprises twin 18 storey residential towers in a mixed use development with three commercial Supremus towers comprising of chic boutique offices with spaces in the range of 2,000 square feet to 20,000 square feet.