Sellowrap Industries Ltd IPO

About Sellowrap Industries Ltd

The Company's business in automobile industry has been established for four decades. The Company, Sellowrap Industries Limited, has gone through all stages from being Proprietorship formed by Sushil Kumar Poddar, father of Saurabh Poddar in the year 1983. Further, On May 06, 1992, Sushil Kumar Poddar formed a partnership firm under the name Sellowrap Manufacturing Company through a Partnership Agreement. The firm was engaged in the manufacturing and distribution of automotive components and related products at Gurugram. However, the Company was incorporated on April 06, 2004, as a Private Limited Company in the name of Sellowrap Manufacturing Private Limited under the provisions of the Companies Act, 1956 with the Registrar of Companies, Maharashtra, Mumbai, which acquired the entire running business of Sellowrap Manufacturing Company on a going concern basis, along with all its revalued assets and liabilities, through a Business Transfer Agreement dated July 01, 2004. Subsequently pursuant a Special Resolution of its Shareholders passed in the Extra-Ordinary General Meeting held on January 24, 2011, the name of the Company was changed from Sellowrap Manufacturing Private Limited to Sellowrap Industries Private Limited and a Fresh Certificate of Incorporation pursuant to change in name was issued on February 16, 2011, by the Deputy Registrar of Companies, Maharashtra, Mumbai. Further, pursuant to a Special Resolution of our Shareholders passed in the Extra-Ordinary General Meeting held on August 30, 2024, our Company was converted from a Private Limited Company to Public Limited Company and consequently, the name of the Company was changed from 'Sellowrap Industries Private Limited' to `Sellowrap Industries Limited' and a Fresh Certificate of Incorporation consequent to Conversion was issued on October 15, 2024 by the Central Processing Centre. The Corporate Identification Number of the Company is U25202MH2004PLC145548.

The automotive component industry is an important sector of the Indian economy and a major foreign exchange earner for the country. There are around 400 major players in the auto component sector. Most of them are distributed in the north, south, and western parts of India around major Automotive Vehicle Manufacturers (AVMs).

Sellowrap Industries Limited is a manufacturing company, headquartered in Mumbai, specializing in the production of customized components for the automotive and white goods industries. Operating in the B2B sector, it offers both adhesive and non-adhesive processed components, delivering solutions that emphasize quality, cost-efficiency and customer value.

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