Milestones

 A REMARKABLE JOURNEY

  Dwarikesh Sugar Industries Limited was originally incorporated as Dwarka Sugar Limited vide certificate of  incorporation no. 11-74815 dated November 1st 1993 with Registrar of Companies, Maharashtra at Mumbai. Name of  the Company was changed to Dwarikesh Sugar Industries Limited on April 18, 1994. 

 Registered Office of the company has been shifted from the State of Maharashtra to the State of UP, confirmed by an  Order of Company Law Board (Western Region) Bench, Mumbai dated June 23, 1995. In this regard, Dwarikesh has  received Certificate of Registration bearing no. 20-18642 dated August 31st 1995 from Registrar of Companies, UP at  Kanpur. 

 The Company has been promoted by Mr. Gautam R Morarka with the main object of carrying out the activity of  production of sugar and other sugar related activities. The Company commenced its commercial production on  December 5, 1995 by setting up a 2500 TCD Sugar plant in the sugar rich belt of Uttar Pradesh at Dwarikesh Nagar  unit,Bundki village in Bijnor District.

 Now the plant has a capacity of 6500 TCD. Beside this plant the Company has set up one 7500 TCD new Sugar plant  in District Bijnor commencing production in 2006 and has set up another 7500 TCD Sugar Plant in District - Bareilly,  commencing production in Dec 2007. Thus the Total capacity of Dwarikesh is 21500 TCD. Here is the list of major  events in the company's history:

1993  Incorportion of the company in the name of Dwarka sugar Limited.
1994  Change of name to Dwarikesh Sugar Industries Limited.
1995

 - Setting up of 2500 TCD sugar plant and 

- Commencement of Commercial production

1996

 - Expansion of capacity to 3500 TCD.

- Setting up of 6 MW Power Plant 

1997  Payment of maiden Dividend of 10% 
1999  Expansion of capacity to 4000 TCD.
2001

- Expansion of capacity to 5000 TCD, 

- Bought back 25.20 Lac shares at Rs. 40 per share 

2002  Expansion of co-gen from 6 MW to 9 MW and Expansion of capacity to 6500 TCD 
2003  Sold Power worth Rs.183 Lacs to UP State Grid 
2004

 - Net Profit of Rs. 976.06 Lacs was recorded during the year ending September 30, 2004

- Successful completion of IPO (23 times oversubscribed)

- Expansion of co-gen power plant from 9 MW to 17 MW 

2005

 - Expansion of Co-gen power plant from 9 MW to 17 MWb

- Setting up of 30 KLPD distillery for manufacture of Industrial Alcohol

- Work begins on new project of 7500 TCD at Dwarikeshpuram (Afzalgarh) in February.

- Net Profit of Rs. 2659.99 Lacs was recorded during the year ending September 30, 2005 

2006

 - Commissioned a new green field plant of 7500 TCD at Dwarikesh Puram (District - Bijnor) with 9 MW co-gen capacity in a record time.

- Work begins on new project of 7500 TCD at Dwarikeshdham (Faridpur, Bareilly District ) with 36 MW co generation. 

- Expansion project in Dwarikeshpuram to increase co-gen capacity from 9 MW to 33 MW

- Successful completion of GDR (54 crore generated)  

2007

 -Commissioned a new green field plant of 7500 TCD with 36 MW co-gen capacity in a record time at Dwarikesh Dham (District - Bareilly). Exportable power capacity of the plant is 24 Mw.

 -Expanded the Power capacity of the Dwarikesh Puram unit from 9 Mw to 33 Mw. Exportable power capacity of the plant is 24 Mw.  

2008  Commencement of Co generation for supply to state grid at Dwarikesh Puram and Dwarikesh Dham units. 
2009  Posted 69 per cent of growth in net sales- a record high of Rs. 462 Crores. Profit After Tax touched Rs. 25 Crores, as against loss of Rs. 25 Crores in the previous year.
2010  Record breaking sales figure of Rs. 577 crores crossed.
2011

-NLDC Accreditation to all three plants with captive power generation capacity.

-Sales crossing the mark of Rs. 600 crores.


2012

 Sales crossing the mark of Rs. 725 Crores

PBIT crossed to Rs. 63.22 Crores

2013  Sales crossing the mark of Rs. 962 crores

2013

-15

 Accounts prepared for 18 months from October 2013 to March 2015

Sales crossing the mark of Rs. 1176 crores

2016

Sales crossing the mark of 831 crore

PBT booked to Rs. 39.39 Crores, PAT booked to Rs. 38.97 Crores