Shaw Wallace Gelatines Limited (SWGL) was incorporated on 13th January, 1961 as Leiner-Knit Gelatin Co. Pvt. Ltd. by P. Leiner & Sons (UK) at Jabalpur, Madhya Pradesh. The company operated a bone mill in Jabalpur. Subsequently on 3rd January 1962 the company was became a Public Limited Company under section 43A of the Companies (Amendment) Act 1960. Thus the word "Private" was deleted from the name of the company. Shaw Wallace & Company Limited, alongwith its other business interests was also engaged in the manufacture and sale of glue. In view of the common raw material of animal origin, the company identified gelatine as a new business opportunity with adequate synergy. Thus the company took over the management of Leiner-Knit Gelatin Company Limited and on 13th January 1969 the name of the company was changed to Shaw Leiner Limited. As there was not enough offtake from the domestic end-user industry, the prevailing market condition during this period was not very favourable. Hence, the Company diversified into production of glue from the year 1971. In the process of the manufacture of gelatine, Ossein is the most important intermediate. It is used in producing photographic films. In 1974, the company found opportunities to export ossein to Eastman Kodak (USA), and to customers in other countries. The Company was awarded the Capexil award for the export of ossein in 1975. In 1978 P. Leiner & Sons fully divested their shares in the company and there was a change in the management pattern. As a result, Shaw Wallace & Co. Ltd. with its group investment companies held 89% of the total number of shares in the Company. The name of the Company was subsequently changed from Shaw Leiner Limited to Shaw Wallace Gelatines Limited with effect from 26th September, 1979. The export of ossein to Eastman Kodak and buyers in other countries stopped in 1980, as the users developed more economical and convenient sources elsewhere. Meanwhile with a perceptible change in the domestic scenario the pharmaceutical companies grew at a brisk pace. Realising the market opportunities, the Company refocussed their activities in gelatine, emphasising on more value added products like Hard Shell and Soft Shell grade gelatine for the pharmaceutical industry. And it was found necessary to expand the production capacity to achieve economies of scale. With a view to upgrade the quality of the gelatine, the existing in-house research and development facilities were geared up, and the modernisation of the plant was undertaken. This modernisation and expansion commenced in 1985 and was successfully completed in August, 1988. As a result of this modernisation exercise, the production capacity moved up from 500 tpa to 1000 tpa at a cost of Rs. 4 crores. The same was funded with the assistance of IRBI and from internal accruals. The Company also proved its dedication to Research and Development by continuously innovating and discovering new processes and products. In 1988, SWGL developed Industrial Gelatine Protein Colloid (IGPC) as an import substitute for the defence sector. This resulted in the Company getting the prestigious National Award for Import Substitution from the Government of India in 1992. In 1990, it improved its liming technology, a major step towards rationalisation and reduction of cost. In 1991, it established the photographic grade gelatine and in 1992 it developed two new products, namely-Haemaccell-a plasma expander used for surgical purposes, and Spray-Dried Gelatine, thus gaining an edge over its competitors. Also in 1991, it started exporting gelatine in a small way to countries like United Kingdom, Switzerland, Germany and Bangladesh. These activities led to an improvement in the performance of the Company to a great extent. From the year 1989-90 the company was back on a profit trail and in 1992 it managed to wipe out its accumulated losses of Rs. 70,21,000/-. In 1993, it declared a dividend of 30%. During the period 1989-90 to 1993-94 the turnover of the company increased from Rs. 1171.52 to Rs. 2774.45 lacs, thus registering a compounded annual growth rate of 24%. Similarly the profit after tax of the company increased from Rs. 17.56 lacs to Rs. 235.24 lacs registering a compounded annual growth rate of 195%. In June 1994, the company declared a dividend of 40% for the year 1993-94 and issued a bonus of 1 equity share for every equity share held. The earning per share after the issue of bonus stood at Rs. 19.70. At present, the company is in the process of expanding its capacity of production from 1000 tpa to 2000 tpa in two phases. In December, 1993, the company completed its first phase of expansion of capacity by increasing the capacity from 1000 tpa to 1500 tpa. This was undertaken at a total cost of Rs. 345 lacs of which Rs. 150 lacs was sourced from IRBI as term loans and the balance from internal accruals. The second phase of expansion is being presently undertaken and is expected to be completed by December, 1994. 2000 -The Company has diversified into vermiculture. It has upgraded its effluent treatment plant for contraining the odour of the raw material used in the production of gelatines. -The name of Shaw Wallace Gelatines Ltd is to be changed to Narmada Gelatines Ltd. 2001 -The Company won Capexil Award for Gelatine Export 2004 -The Company won for the second time Capexil Award for Gelatine Export 2006 -Narmada Gelatines has recommended 9% dividend on 9% Cumulative Redeemable Preference Shares and 11% on Equity Shares 2007 -Narmada Gelatines has recommended dividend 9% on the outstanding 9% Cumulative Redeemable Preference Shares and 15% on Equity Shares 2008 -Narmada Gelatines's email Id of the Compliance officer of the company is mahesh.verma@narmadagelatines.com -Narmada Gelatines has recommended dividend @ 9% on the outstanding 9% Cumulative Redeemable Preference Shares and 20% on Equity Shares 2009 -Narmada Gelatines has recommended dividend @ 25% on Equity Shares 2010 -Narmada Gelatines have recommended dividend @ 30% on Equity Shares 2011 -Narmada Gelatines have recommended dividend @ 40% on Equity Shares 2012 --Narmada Gelatines have recommended dividend @ 45% on Equity Shares 2013 -Narmada Gelatines Ltd has recommended dividend for the year 2012-13 @ 50% i.e. Rs. 5.00 per equity share of the Company 2014 -Narmada Gelatines Ltd has recommended dividend for the year 2013-14 @ 50% i.e. Rs. 5.00 per equity share of the Company -Narmada Gelatines Ltd has recommended the issue of Bonus Shares in the ratio of 1 (one) Bonus Equity Shares for every 2 (Two) existing Equity Shares.