Vikas Multicorp Limited, a polymers and polymer additive related chemicals trading house based in Delhi having rich domain experience and in-depth knowledge of international and local polymers market is planning to be entirely debt free by 2022 as per long term goal set up by the company.

In line with the company’s plan to reduce the debt, the company has already started paying back to its banker State Bank of India and have reduced their limits from Rs. 14 crores to Rs. 7.20 crores recently with a defined plan to make it zero in January 2021.

The debt reduction plan is being fully funded by the promoters of the company out of their stake sale proceeds.

Vikas Multicorp Limited is a Public Limited Company originally incorporated as Akshatha Management Consultant Private Limited on November 9, 1995. Subsequently the name of the company has been changed to Akshatha Services Private Limited. Thereafter, again, the name of the company changed to Moonlite Technochem Private Limited on December 29, 2008. The company again changed its name to existing name i.e. Vikas Multicorp Limited on January 24, 2017.

The company is engaged in the trading of various chemicals compounds namely polymers, PVC resins, plastic granules, items related to plastic industry etc.

Register Now to Attend NextGen Chemicals & Petrochemicals Summit 2024, 11-12 July 2024, Mumbai