Visaka Industries Ltd.
Visaka Industries was established in 1981 to manufacture corrugated cement fiber sheets. With the initial production capacity of of 36,000 tons per year, the first factory in Patancheru, Andhra Pradesh commenced the commercial production of the cement sheets in 1985.
The company diversified into textile yarn manufacturing in 1992. Visaka took the unknown Airjet spinning technology as a challenge & successfully established the factory in Nagpur to produce about 2000 tons of man-made fibre yarns per annum.
With focus on growth plan, the company has now grown to the position of second largest cement sheet manufacturer in India. Visaka has installed 8 factories spread across the country, producing about 750,000 tons of corrugated cement sheets per year.
The spinning plant, with 33 MURATA Twinjet spinning machines and 112 Two-For-One twisting machines, is the world's largest installation of its kind, producing about 10,000 tons of yarns per annum.
The fibre-cement board & panel division was established in the year 2009 to cater to the needs of modern construction designs. The first factory was established in Miryalaguda, Andhra Pradesh and the second factory was established in the year 2013 in Daund, Maharashtra. This division has a capacity of 100,000 tonnes of fiber cement sheets per annum. This division also produces innovative dry-wall panels of 2 feet width and 11 feet height with thickness of 50 mm or 75 mm to construct partition walls and even exterior walls.
Visaka's turnover has touched Rs.925 crores during the financial year 2012-13.
For the last 29 years, Visaka has been steadily growing and has been consistently paying dividends to its share holders. Visaka has been prompt in repaying its debts to all the banks. Visaka continues its corporate social responsibility and provides health, water and education to the under-privileged.
Visaka's dedicated employees with commitment continue to shoulder the successful operations of the company. The company is driven by established processes & systems. There is no compromise on quality at any point of time. Our continuing customers since the day of company's inception are the testimony for Visaka's commitment to customers.
The company has further growth plans on its anvil and will continue to grow in the years to come.