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Our
visionary founder director late
Mr.C.Vadiappan, established Dhandapani
Steel at Perundurai to manufacture
Alloy steel castings during the year 1991
with term loan assistance from TIIC
Ltd. When he ventured into
Steel, TIIC was his natural choice, because
of his previous successful association with
TIIC in the plastics sector since 1984. Now
the unit is operated by his wife viz.
Tmt. V. Saraswathi and sons V. Velumani, V.
Senthil and V. Saravanan.
In the past two decades, we have grown to
become the market leader in our products.
The foundry
has been recognized as a Star
Category Export house by DGFT, Govt. of
India. The associate concerns of our
group viz. VAT Plastics, Siva Industries,
Siva Polymers, CVS Industries, Sri
C.V.Plastics, Om Plast, V.S.Products, Om
Polymer, have also been assisted by TIIC.
The group’s manufacturing activities
include Steel castings, Plastic Moulded
Furniture, Technical Textiles (Spun Bond)
and Wind electric Turbines. The
group’s turnover was Rs.68 crores during
2009-10 and Rs. 74 crores
during 2010-11.
Our
bond with TIIC continues. This year
TIIC financed
our expansion programme
through speedy sanction of term loan
of Rs. 380 lakhs. Not only that,
during the entire process,
the officials of the Branch and Head
office were highly pro-active and helpful.
We wish to place on record our
appreciation and gratitude to TIIC for what
we are today. We
are proud of our almost three
decades relationship with TIIC. This
is nothing but an acknowledgement and
reflection of their services to the Industry.
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