HISTORY AND CORPORATE STRUCTURE

Vyapar Industries Limited was incorporated on April 27, 1983 in the state of Maharashtra. On August 28, 2002, the Company changed its name from Bhagwan Investments and Trades Limited to reflect the takeover of the Company by the Rassai family from Todi group.
The Company subsequently changed its name from Vyapar Holding Limited to Vyapar Industries Limited on July 11, 2003 to reflect the nature of the activities carried on by the Company.

Financial

Total Income – Rs. 603.742277 Million (year ending March, 2013).

Net Profit - Rs. 11.108720 Million (year ending March, 2013)

Equity share are listed on

Bombay Stock Exchange

Board of Directors

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SHK. ABBAS RASSAI. – FOUNDER CHAIRMAN

Shk. Abbas Abdul Karim Rassai, is a graduate in Economics and Law, Mumbai. He has over 50 years of experience in fields of textile manufacturing and sewing threads.

He was the Proprietor of M/S. Abbas A. M. Rassai since 1961, a company specializing in manufacturing sewing threads. He has a wide range of knowledge in project consultancy, management and masters in human resources. With his business acumen and experience he became the pioneer and founder of Vyapar Industries Ltd.

He is actively associated with a number of Social, Cultural, Commercial and Educational Organizations.

He is the president of Saifee Ambulance Society since last 20 years. (NGO). A founder and an active member and a Past President of Rotary Club of Khar (1991-92).

Earlier he has been a Vice Chairman of Mandvi Co-op Bank Ltd now amalgamated with Saraswat Co-operative Bank, and a Past Vice President of Indo Arab Chamber of Commerce & Industries, and a Past Vice President of Indo African Chamber of Commerce and Past President of Bombay Harbour Jaycees (1980-81)”.

He was Chairman of Reception Committee for Non-Indian guests at the opening of Saifee Hospital in Mumbai in June, 2005 and Past Secretary of Shifa Khane - e – Saifee, Santa Cruz. He has been honored with “Hadiyath” by his Holiness Late Syedna Mohd. Burhanuddin Saheb RA.

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MR. HUSSAIN ABBAS RASSAI. – JOINT CHAIRMAN

Mr. Hussain Rassai is a science graduate and has also done his Bachelors in Architecture from the J.J. College of Architecture with specialization in town planning and design. He has also done his diploma in travel and tourism and import export management. A creative thinker & visionary with his feet firmly rooted & sight set high.

He has over 22 years of experience in the textile industry and was proprietor of M/s Ashar Thread Works (1989-2001), which was involved in manufacturing all kinds of threads and yarns. He was the Past President of the Rotary Club of Bombay Pier and currently is a District Chair Person for Rotary Dist. 3140, a Trustee at the Social development Trust - an NGO that runs an orphanage and old age home. He is also member of the Indian council of Architecture and The Indian Institute of Interior Designers.

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MR. AKIL ABBAS RASSAI. – MANAGING DIRECTOR AND CEO

Mr. Akil Rassai, is a Graduate from the University of Mumbai and is also Bachelor of Law, and specializing in Real Estate. He has over 21 years of experience in fields of textile manufacturing specializing in Viscose Rayon Filament Yarn and Embroidery Threads. He has vast experience in Finance, Accounting, Legal, Taxation matters and Business Management. An astute businessman, Mr. Rassai draws from his sterling experience a profound sense of wisdom much needed in competitive world.

He is actively associated with a number of Social, Cultural, Commercial and Educational Organizations. He is member of the Executive Committee of Indian Merchant Chambers.

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MR. RAMESH W. LALWANEY – INDEPENDENT NON EXECUTIVE DIRECTOR

Mr. Ramesh W. Lalwaney is a Science Graduate, has done B.Sc., PGDBA.,DIS., and holds LL.M-Master of Laws (Gold Medalist) from Bombay University. A practicing legal consultant. Consultant to various business Organizations and Co-operative Societies. He is visiting faculty of Law at Jitendra Chauhan Collage of Law affliated to Mumbai University and Kamlaben Gambhirchand Shah Law School affiliated to S.N.D.T Women’s University. He is also a mediator on the penal of Bombay High Court. He is author of Law Text Books including “Business Law” and “The Industrial Law”.

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MR. PARVEZ MASTER – INDEPENDENT NON-EXECUTIVE DIRECTOR

Mr. Parvez M.Master has done his Bachelors of Science in Accounting from the University of Illinios, Chicago and his MBA (Finance and Management) from Kellstadt Business School. An NRI, he has work experience in Finance and related areas and has worked with companies like Baxter International, Accenture Limited and also has teaching experience at University of Illinios and DePaul University.

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MR. HUSSAIN M. CEMENTWALA – INDEPENDENT NON-EXECUTIVE DIRECTOR

Mr. Hussain M. Cementwala is a Commerce graduate. He has got vast experience in Imports and Export business. Presently he is in business of Import & Export of products like Hardware, Ethanol, Insulated Cloth, Menthol Gel etc. from last 6 years.

Shareholding pattern

Shareholding pattern as at 31st December, 2013 (from Anil Singla)

Category No of Shares % of holding
Promoters 6814468 62.55
Private Corporate Bodies 2682572 24.62
Indian Public 1004434 9.22
NRI/OCB’s 388505 3.57
Shares in Transit                                          5021 0.04
Total 10895000 100.00