Kemp and Company engages in retailing plastic moulded suit cases, brief cases, and vanity cases in India. It also involves in letting out of real estate properties. The company is based in Nashik, India. Kemp and Company is a subsidiary of Vibhuti Investments Company.
Milestones:
- 1946 - 2,000 Right equity shares offered at a premium of Rs 100 per share in the proportion 1:1.
- 1951 - Balance of Rs 100 per share out of 1946 issue called and paid-up in 1950. 2,000 Right equity shares issued at par in the prop. 1:2.
- 1966 - 1,000 bonus equity shares issued in the prop 1:6.
- 1980 - The company started manufacture of leather bags, toys and solitaire luggage.
- 1982 - A number of new toys were introduced.
- 1984 - Equity shares of Rs 200 each subdivided into share of Rs 100 each.
- 1986 - The Company entered into a joint venture agreement with Mattel Asia, Hongkong to manufacture a wide range of toys by incorporating a new company under the name Mattel Toys (India) - The company was incorporated at Mumbai. It used to carry on the business as manufacturing chemists and wholesale and retail distributors. It now carries on the manufacture of leather bags and trading activities through retail shops.
- 1992- Shareholders of the company approved a Scheme of Amalgamation between the company and Furn Plastic Industries at their meeting held on 25th April as per the directions of the Mumbai High Court.
- 1993 - 8,46,200 shares allotted to Furn Plastic India.
- 1996 - The company as re-organised its activities by placing greater emphasis on high value added products like office partition systems, executive sitting systems etc.