Who We Are
Dhunseri Ventures Limited (DVL) {Formerly Dhunseri Petrochem Limited (DPL}) was incorporated with the name Dhunseri Tea Co. Ltd. The Company’s first business was cultivation and production of tea at its tea estates in the State of Assam.
Later, the Bottle Grade PET Resin business of South Asian Petrochem Limited (promoted by the group) at Haldia in the State of West Bengal was acquired by the Company in terms of a Scheme of Arrangement with effect from 1.4.2009 and the name of the Company was changed to Dhunseri Petrochem & Tea Limited, the Company having two operating divisions i.e. Petrochem & Tea.
Pursuant to a Scheme of Arrangement with effect from 1.4.2014, the Company’s Tea Division was demerged and the IT SEZ division of the Company was re-organised. The Company was carrying the Petrochem business with its Plants at Haldia and Egypt. Accordingly, the name of the Company was changed to Dhunseri Petrochem Limited.
The Company had entered into a Scheme of Arrangement with Dhunseri Petglobal Limited (“DPGL”) (now known as IVL Dhunseri Petrochem Industries Pvt. Ltd.) and their respective shareholders which has been sanctioned by the Hon’ble High Court of Calcutta vide its order dated 27.7.2016. Pursuant to the Scheme with effect from 1.4.2016, the PET Resin business of the Company in India was transferred to DPGL. IVL Dhunseri Petrochem Industries Private Limited (IDPIL) is an Indian Joint Venture Company of DVL. DVL and Indorama Ventures Global Services Limited (IVGS) of Thailand holds equal stake in IDPIL. IDPIL manufactures the finest bottle grade PET resin, for packaging of drinking water, carbonated soft drinks, edible oil, pharmaceuticals and many more. IDPIL has two PET resin plants in Haldia (port town in West Bengal) with an effective capacity of 480,000 TPA and one plant in Panipat (Haryana) with an effective capacity of 216,000 TPA.
Further, the Company had entered into a 50:50 Joint Venture with Indorama Ventures Public Company Ltd. (“IVL”), a global chemical producer to restart its IVL Dhunseri Polyester Company S.A.E. (Formerly Egyptian Indian Polyester Company S.A.E.) PET facility located in Ain Sokhna free trade zone, North West of the Gulf of Suez in Egypt with a manufacturing capacity of 540,000 TPA.
The Company is carrying on the business of treasury operations in shares and securities of other bodies corporate. The Company has a wholly owned subsidiary namely Dhunseri Infrastructure Limited which is in the business of developing and providing infrastructure facilities in Special Economic Zone for information technology and information technology enabled services (“IT/ITES”) Bantala in the State of West Bengal. Further, the Company also have a foreign subsidiary in Singapore, in the name of Twelve Cupcakes Pte Ltd. which is in the business of manufacture and retail of confectionery.
The name of the Company was changed from Dhunseri Petrochem Limited to Dhunseri Ventures Limited w.e.f.11.12.2018.
The Company has formed a wholly owned subsidiary in the name of Dhunseri Poly Films Private Limited, incorporated on 28.11.2020 for the implementation of the new project of manufacturing of Polyester Films i.e, BOPET which is in the first phase of expansion with an estimated capex of Rs 400-500 Crores.