Omnipotent Industries Ltd Share Price

History of Omnipotent Industries Ltd

Omnipotent Industries Ltd was originally incorporated as a Private Company pursuant to a Certificate of Incorporation issued by the Registrar of Companies dated September 15, 2016 with the name Omnipotent Industries Private Limited'. Subsequently, Company was converted into a Public Company and name of the Company was changed to Omnipotent Industries Limited'. A fresh Certificate of Incorporation was issued on September 22, 2021 by the Registrar of Companies, Mumbai. Promoter of the Company is Mr. Punit K. Popat. The Company is engaged in the business of supplying bulk and packed Bitumen as well as other bituminous products. In 2016, the Company initially started the business with Bitumen Trading. The Company source products either through direct imports or buy from third party importe ...rs and sell it to various distributors as well as corporate. It import bulk as well as drum bitumen. The Company is an ISO 9001:2015 and ISO 14001:2015 certified for import, trading and processing of petroleum & petrochemical products. The products include bitumen 60/70 & 80/100, bitumen VG10, VG30, VG 40; bitumen emulsion, blown bitumen, micro surfacing bitumen and modified bitumen CRMB, PMB, NRMB. Bitumen is most commonly used in construction of roads and highways. Bitumen has excellent water-proofing properties and is widely used for making roofing products along with other household and industrial applications, from emulsion paints to sound-proofing. Bitumen is extensively used for surfacing of road and pavements and is also as adhesive substance in production of binders. Company's entire marketing of products is managed, through a team of sales and marketing personnel. Apart from this, the Company is engaged in consultancy of setting up of plants for Bitumen & Bituminous products including, end to end solutions from identification of land, plant & machinery to imparting training & making policy with staff on marketing & quality testing. The Company have set up a bitumen decanter plant for melting of bitumen purchased in drums. It solves availability and logistics issue with bitumen. However, the Company is in the process of shifting of this plant at Gandhidham, Gujarat. This plant will also be managed by third party operator which will help the Company in focusing on procurement and marketing. Further, the Company has ventured into trading of plastic polymers in July 2021. The Company has business associations with various importers, manufacturers, transporters, warehousing & bulk storage entities. This gives cost advantage due to bulk purchase as well as sharing of logistics cost. These collaborations help the Company in ensuring supply of materials in case of an urgent order from customer.