1953 - On 5th November, a Declaration of Intention was signed by the Government of India, Imperial Chemical Industries Ltd., U.K. and I.C.I. (India) Pvt. Ltd., to form a company for the manufacture of commercial blasting explosives, safety fuses, etc. 1954 - The Company was incorporated as a public limited company in the State of West Bengal to implement the agreement and the Certificate of Commencement of Business was obtained on 19th August. The Company manufacture explosives and accessories of all kinds, blasting equipment, chemicals, Industrial and other preparation and fertilisers. 1955 - A technical collaboration agreement was executed between the Company and Imperial Chemical Industries Ltd., who agreed to act as consultants to the Company and provide the Company with the necessary technical information. 1959 - 24,00,000 shares held by ICI Ltd., U.K. and 6,00,000 shares by the President of India. 1965 - 4,30,000 shares issued at a premium of Rs 12 per share; 57,000 shares reserved for allotment to the resident directors and employees and 3,73,000 shares offered to public. 13,73,000 shares offered to public. 13,72,000 Bonus shares issued in prop. 2:5. 1967 - In Oct/Nov. 16,80,000 `A' series No. of Equity shares issued at par: (i) 76,00,000 shares to ICI Ltd., U.K.; (ii) 21,50,000 shares to IFCW; (iii) 19,00,000 shares to the President of India; (iv) 21,67,200 shares to members of the company other than the President of India and ICI Ltd., U.K. and (v) 28,62,800 shares to public. `A' Series shares became pari pasu with the existing shares from 1.10.1970. 1975 - Industrial licence was received for the manufacture of 1,000 tonnes per annum of nitrocellulose, both blasting soluble and industrial grade. This plant was commissioned in August 1978. 1978 - Industrial licence was received, Collaboration agreements were signed with Imperial Chemical Industries Ltd., U.K., Benfield Corporation, U.S.A. and Toyo Engineering Corporation, Japan. - During Jan./Feb. 71,60,667 Bonus shares issued in prop. 1:3. After the bonus issue, 3,41,000 shares issued as rights (prem. of Rs 5 per share; prop. 1:34) to resident Indian shareholders. 1979 - The Company offered 5,00,000 redeemable partially convertible secured debentures of Rs 500 each for cash at par as rights to equity shareholders in the proportion 1:58. These debentures carry interest at the rate of 10 1/2% payable half-yearly on 31st March and 30th September. 1980 - The Company received a letter of intent for the manufacture of 100 tonnes of primary reforming catalyst at Panki, in collaboration with Imperial Chemical Industries PLC The boilers were commissioned in April/May 1983 and generation of steam commenced. Letters of intent were in hand for the manufacture of 100 tonnes per annum of permethrin/cypermethrin for application as a cotton pesticide and for the manufacture of methyl chlorosilanes. 1982 - With effect from 1st October, the Alkali & Chemical Corporation of India Ltd. (ACCI), Chemicals & Fibres India Ltd. (CAFI) and Crescent Dyes & Chemicals Ltd. (CDC) were amalgamated with the company. - In terms of the Scheme of Amalgamation, the Company issued and allotted to the members of the merged companies without payment in cash 31,000-11% cumulative preference shares of Rs 100 each and 89,18,121 No. of equity shares of Rs 10 each as follows: - (i) 31,000-11% preference shares of 12,51,213 No. of Equity shares of Rs 10 each to members of ACCI in proportion of 1 Pref.: 1 Pref. and 2 equity: 7 equity respectively, - (ii) 59,86,908 No. of equity shares of Rs 10 each to members of CAFI in the proportion 4:5, fractional entitlement being sold and distributed at pro rata basis, and - (iii) 16,80,000 No. of equity shares of Rs 10 each to members of CDC in the proportion of 7:10. - At the option of the holder of any debentures, 20% of the face value of each debenture i.e. Rs. 100 out of Rs 500 held by him is convertible into six equity shares of Rs 10 each of the Company at a premium of Rs 62/3 per shares on 1st October. - If the Company makes a bonus issue of equity shares before 30th June, the entitlement to equity shares of the debentureholder shall stand augmented in the same proportion in which augmentation took place in the issued equity shares capital of the Company consequent upon the bonus issue. - Debentureholders not exercising the option will be paid Rs 100 per debenture on 1st October, and the balance Rs 400 in 5 annual instalments of Rs 80 each on 30th September commencing from 1983 together with the interest accrued thereon. - 29,68,824 No. of equity shares of Rs 10 each were issued at a prem. of Rs 5 2/3 per share in conversion of debentures and were allotted on 1.10.1982. 1983 - The Company issued 15% non-convertible debenture of Rs 100 each for Rs 1,500 lakhs as rights to meet the requirements of working capital and also the normal capital expenditure. 1984 - The turbo generator for the captive power plant at Panki was commissioned on 16th July. The project for the primary reformer catalyst at Panki was commissioned in September. - A letter of intent was received for the manufacture of 3 tonnes per annum of uinapyramine salts. - Industrial licences were received for expanding the paint manufacturing capacity at Rishra and for the Quinapyramine salts projects. - The name of the Company was changed from Indian Explosives Ltd., to IEL Ltd. Effective from 25th May, 1989, the name was again changed to ICI India Ltd. 1985 - A modified letter of intent was received for the manufacture of certain new drug items and for production of membrane cells for use in caustic chlorine manufacture. Another application was made for installation of an additional 450 tonnes per day ammonia stream with matching urea capacity of the Panki factory. This project was proposed to be set up based on the lattest energy efficient technology of ICI plc. U.K. - Pref. shares redeemed on 31.7.1986. 1986 - The letter of intent for expanding polyester staple capacity to 30,000 tonnes per annum was converted into an industrial licence. 1987 - New products such as Maxilite gloss and emulsion and a masonry paint were added to the existing range. Dulux colour centres were set up at major centres to provide advice in areas of home decoration. - The Company awaited Government clearance for production of membrane cells and coating of electrodes for use in caustic chlorine manufacture. Approvals were awaited for polyurethanes, toner resins projects and the fourth ammonia - urea stream project at Panki. The Company also proposed to apply for letters of intent seeking investment opportunities in other speciality and effects chemicals. 1989 - The Company introduced in the market new coil coating paint. - The foreign collaboration application for the manufacture of Accinox ZC, a rubber chemical was approved by Government. Application was made for a Letter of Intent for the manufacture of Methyl methacrylate and the related Polymers, dispersions and sheets, Government approval was also sought for introducing in India the latest generation synthetic pyrethroid, lambdacyhalothrin, with the existing licensed capacity for cypermetrin. Approval from Government was received for production of FM-21 membrane cells and coating of electrodes. 1990 - MRTP approval was received for the manufacture of high quality, high yielding hybrid seeds for cereals and oil seeds. 1991 - The antiozonant `Accinox Zc' plant at Rishra commissioned. A letter of intent for methane diphenyl di-isocyanate was received. 1992 - With a view to reinforce a competitive edge, the range of bulk products was extended by the introduction of `Poweran' series. - Never decorative and refinish paints were launched thereby improving the operating efficiencies. - High quality hybrid seeds of sunflower and maize were launched. - A Memorandum of Understanding was entered into between the Company and Nalco Chemicals Company, U.S.A. (Nalco) for the manufacture of speciality chemicals and industrial application. - The Company and Nalco would each subscribe for upto a maximum of 40% in the equity capital of the joint venture company and the remaining shares accounting for 20% of the total equity would be offered either to Indian public and/or to financial institutions, depending upon the final scheme of finance to be approved by Govt. - The Company made an application for a letter of intent for the manufacture of 12,000 tonnes per annum of speciality chemicals. The new Company's factory was proposed to be set up at the Rishra, West Bengal. 1993 - New products in the growing segment of decorative paints were introduced. The introduction of `Dulux', `Maxilite' and `Cobra' brands increased the growth in paints volume. - The Company introduced `Tenoclor' - a fixed dose cardiovascular combination with diuretic in 1994-95. 1995 - Agrochemicals were transferred to a joint venture with Zeneca plc U.K. to ensure a strong market position through continued introduction of new products and technologies. - The Company was progressively replacing Nitroglycerine based packaged explosives with emulsion and for the purpose a new small diameter emulsion manufacturing facility was commissioned at Gomia. Formation of joint venture for initiating explosives with the Emign Bickford Company USA was being implemented. - The launch of international ICI brands `Weathershield' and `Duette' added strength to the production fortfolio. 1996 - A Joint venture with The Ensign Bickford Company, USA initiating Explosives Systems India Ltd. was formed. - A new paints plant at Thane was commissioned in December. 1997 - The new state-of-the-art 20 million litres per annum automotive refinish and decorative paint manufacturing facility was commissioned in March 1998 at Mohali near Chandigarh. - New products like Lignocaine Buprenorphine, Neostignine, Maxigard and ICIDIL were launched. - Imperial Chemical Industries plc., U.K. the holding Company, holds 2,07,76,213 No. of equity shares of the Company. 1998 - ICI (India) Limited is set to form a joint venture company with Herberts of Germany for manufacturing and marketing automotive paints in India and the Asia Pacific regions. The two companies have already entered into a technical tie-up for manufacturing and marketing automotive coating in India and Asia. - ICI India, a subsidiary of Imperial Chemical Industries Plc of UK, signed a joint venture with Gujarat State Fertilisers and Chemicals (GSFC) to market acrylics products of GSFC. - ICI India Ltd. a partly owned subsidiary of ICI plc of the UK, has acquired the nitrocellulose business of Asha Nitrochem Industries Ltd. at Valsad in Gujarat. - ICI which has set up new paint factories at Thane, and Mohali in Maharashtra is slated to commission another plant at Chennai. - An agreement has been entered into with Zeneca Ltd. of UK for the sale of ICI India's 49 per cent shareholding in Zeneca ICI Agrochemicals Ltd. - The company has also entered into an agreement with Nalco Chemicals, USA, for the sale of its 40 per cent shareholding Nalco Chemicals India Ltd. 1999 - Initiating Explosive Systems India Ltd, ICI India's joint venture with The Ensign Bickford Company (EBCo) of the US, is all set to introduce the EXEL, Handide range of detonators in the country. - The company has signed an agreement with Orica Investment Pvt. Ltd., Australia, a subsidiary of Orica Ltd for transfer of its explosives business, including its shareholding in the share capital of IES India Ltd., to Indian Explosive Ltd., a joint venture to be established with orica Ltd. The company will hold 51 per cent of the issued share capital of Indian Explosives Ltd. and the balance 49 per cent will be held by Orica Ltd. 2000 - ICI India Ltd, subsidiary of ICI Plc of the UK, has embarked on a restructuring drive to focus on specialty products and paints to align businesses in line with the global parent. - ICI India Ltd, a subsidiary of British multinational ICI Plc, is open to acquisitions of brands and companies that synergise with its core competency and portfolio. - ICI India is exiting from the polyurethane business by selling off the business to Huntsman Corporation of US. The Company is also hiving off its motor and industry paint business into a 50:50 joint venture with Berger Paints. 2002 - ICI India is set to enter the flavours & fragrances business, and has commissioned an in-house study of the market. - ICI India Ltd has decided to redesignate the following Wholetime Directors with effect from April 01, 2002. 1. Mr R L Jain whose current designation is Wholetime Director and Chief Operating Officer will be designated Wholetime Director and Chief Executive Officer, Paints. 2. Mr M R Rajaram whose current designation is Wholetime Director will be designated Whole Director and Chief Financial Officer. -ICI India transfers pharmaceuticals business to Nicholas Piramal. -ICI India Ltd has informed BSE that Mr Suresh Chandra, a nominee of the Government of India, has resigned and ceased to be a Director of the Company w e f July 05, 2002. -Sudhir Krishna appointed as Director of ICI India. 2003 -ICI India announces change in the management 1. Mr Ashok Ganguly, Chairman has decided to retire 2. Mr Aditya Narayan, MD has decided to resign 3. Mr Rajiv Jain has been appointed as MD along with current role as CEO. -ICI India has reported a 34% growth in the net profit at Rs. 107.7cr. -ICI India has entered into an agreement with Orica Investment Pvt Ltd of Australia for the sale of its 51% holding in Indian Explosive ltd for a consideration of Rs.666.4 miilion 2004 -ICI India to seek members Approval to divest Nitrocellulose and Trading Businesses through Postal Ballot -ICI India Ltd has informed that Mr Sudhir Krishna, a nominee of the Government of India, has ceased to be a Director of the company wef January 21, 2004. -ICI Paints introduces Supergloss 5-in1, a unique enamel paint for wood and metal surfaces. -Nitrocellulose and Trading business transferred to Nitrex Chemicals India Pvt. Ltd. -Unveils new acrylic latex based paints Dulux Weathershield Max and Tileshield for exterior walls and roof tiles respectively in the Kerala market 2006 -ICI India, paint division, launched its Dulux ColourFutures 2006, new range of shades based of annual forecast of international colour trends, in the city on March 18. -ICI Paints has launched Inspira, 4-wall finish super premium paint, in the Kerala market. 2007 -ICI India Ltd has informed that the registered office of the Company has been shifted from Chowringhee Road, Kolkata to Middleton Street, Kolkata with effect from January 08, 2007. - ICI India Ltd has appointed Mr. Sandeep Batra as a Whole-time Director of the Company with effect from April 01, 2007. -Registered Office of the Company has been shifted From Chowringhee Road, Kolkata to Middleton Street, Kolkata 2008 -ICI India Ltd has appointed.Mr. A J Britt has been appointed as a Director of the Company w.e.f. May 12, 2008. 2009 - ICI India Ltd has appointed Mr. Nihal Kaviratne as an Additional Director of the Company w.e.f. March 30, 2009. - ICI India Ltd, the domestic subsidiary of AkzoNobel's decorative paints business, has announced the appointment of Mr Amit Jain as its Managing Director (MD). Mr Jain, who will be relieving Mr Rajiv Jain from this position, was earlier with MTV Networks, Coca-Cola and Viacom-18. 2010 -AkzoNobel was one of the big winners at this week's inaugural Transform Awards, the UK's only dedicated celebration of rebranding, brand transformation and reputational change. -AkzoNobel to add new plant at Ningbo site in China. -AkzoNobel formally acquires Dow powder business -Company has changed its name from ICI (India) Ltd. to Akzo Nobel India Ltd. 2011 -A new steam pipeline installed as part of a joint project between AkzoNobel and Dutch waste processing company -AkzoNobel's Let's Color film wins prestigious TED award -AkzoNobel completes acquisition of Schramm Holding AG 2012 --AkzoNobel completes acquisition of Chinese surfactants producer -AkzoNobel has cemented its position as a global sustainability leader after being ranked in first place in the Chemicals supersector on the prestigious Dow Jones Sustainability World Indexes (DJSI) -AkzoNobel Wins European Responsible Care Award -AkzoNobel, the world's largest Paints and Coatings Company and a leading producer of Specialty Chemicals, has launched a The India Analytical Centre (IAC) at its International Research Centre at Bangalore. -AkzoNobel, has in India, launched a campaign to promote its new product, `Velvet Touch Pearl Glo'. -AkzoNobel, has launched Dulux Guardian, a unique anti-bacterial paint that promotes a more hygienic environment at home. 2013 - AkzoNobel strengthens its professional portfolio by introducing Weathershield Next Gen exterior emulsion with Innovative Puma Technology -Akzo Nobel India Ltd has informed BSE that the Company has entered into an Agreement with ACI Formulations Limited, Bangladesh for distribution of its decorative paints products in Bangladesh. -The Companys new green field plant at Gwalior has commenced commercial production of paint products during the year - Akzo Nobel India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 20, 2013, has recommended a dividend of Rs. 20.00 per equity share plus a special dividend of Rs. 60 per equity share 2014 - AkzoNobel's Dulux company has been conferred the title of `Superbrand', by the Super Brand Council.( Independent authority on branding). - the Board of Directors of AkzoNobel India Limited approved the appointment of Jayakumar Krishnaswamy as Managing Director of the company. 2014 - The Board of Directors of AkzoNobel India Limited approved the appointment of Jayakumar Krishnaswamy as Managing Director of the company. - AkzoNobel's Dulux has been conferred the title of `Superbrand', by the Super Brand Council. (The Super Brand Council, an independent authority on branding). -Akzo Nobel India Ltd has recommended a dividend of Rs. 15.00 per share -Akzo Nobel India Ltd has formally inaugurated a new laboratory facility at its Thane. 2017 -Akzo Nobel India to divest its Specialty Chemicals Business -Akzo Nobel Board recommends buy-back of shares 2024 -The Company Commencement Of PC Production At Gwalior 2025 -The Company informed the Exchange regarding the Letter of Offer received from Morgan Stanley India Company Private Limited in relation to the open offer for acquisition of equity shares.