ICL was set up to address the key pain point for coal miners – Long waiting period for conveyor belting
Late Mr R K Dabriwala, Founder & MD of ICL, while managing family’s erstwhile coal-mining business; experienced long waiting periods for conveyor belting as an impediment, with the erstwhile Fenner India, a monopoly in India.
To address this consumer pain point, ICL, in technical collaboration with Scandura Plc, part of the British Belting & Asbestos (BBA) Group of UK (FTSE 100), commenced operations in 1977 in Aurangabad.
Technical collaboration ended in 1997.
Entered International Markets to explore multiple growth avenues
During 1980s-1990s, Coal India and its subsidiaries were primary customers of ICL – a pure domestic play.
ICL moved to international markets with its products finding approvals with the mining authorities and customers in
By FY13, 70% of ICL’s total sales came from international markets, which was 80% of the total PVC belting exports from India, making ICL the largest PVC Belting exporter from India. ICL enjoyed 35% of domestic market share of PVC belting in India as well.
During FY13, manufacturing facilities started at Falta SEZ in West Bengal to serve international markets.
Diversification into New Customer Segments, New Products with New Marketing Structure
Significant opportunities to grow in Europe, Russia, South Africa, Canada, Australia and USA to achieve reputed Clients in International and Domestic Markets
Late Mr R K Dabriwala, Founder & MD of ICL, while managing family’s erstwhile coal-mining business; experienced long waiting periods for conveyor belting as an impediment, with the erstwhile Fenner India, a monopoly in India.
