Mitshi India Ltd. (India)

Mitshi India Ltd. is a company located in Mumbai, India. The company was originally established in 1976 as a paints and hardware shop called "DEEP JYOTE PAINTS AND CHEMICAL CORPORATION" by Kumar V. Shah, the promoter of the company. Over the years, the company expanded its production and manufacturing capabilities. In 1990, a new limited company called "DERA" was established and merged with "Deep Jyote" to further expand and integrate backward in the paints industry. The company successfully brought in a public issue in 1992 and listed its equity shares on the Bombay Stock Exchange. Mitshi India Ltd. specializes in manufacturing specialized automobile paints for original equipment and re-finish coatings. The company supplies its products to a network of 400 dealers and esteemed customers such as Mahindra & Mahindra Ltd, Gujarat Narmada Ltd, International Tractors Ltd, Premiere Automobile Ltd, and Castrol Ltd. In 1996, the company commenced commercial production at its second plant in Chiplun. In 2007, the company faced significant challenges due to a fire accident at its mother factory in Vasai, which impacted the working conditions of the Chiplun plant. However, the promoter, Kumar V. Shah, diligently worked to repay the company's debts and settle major liabilities by 2012. Since 2014, the company has been focused on reviving its operations. It was relisted on the Bombay Stock Exchange and renamed as "MITSHI INDIA LIMITED." The company also brought in preferential equity to meet creditor's payments and fund its revised plans. In 2018, the company commercially launched the Taaza Kitchen brand for online sales of fruits and vegetables, utilizing an in-house software division called "Mitshi Softwares." The company's registrar and transfer agent is Adroit Corporate Services Pvt. Ltd., located in Mumbai. The primary address of Mitshi India Ltd. is in Juhu Lane, Andheri, Mumbai.