|Formerly||Dandekar & Co. |
|Type||Public (BSE: 523207)|
|Fate||Agreement with Kokuyo Co. Ltd. of Japan to share profits (2012)|
|Dilip Dandekar (Chairman & Managing Director) |
|Products||Art materials, writing implements, office products|
Kokuyo Camlin Ltd., formerly known as "Camlin Ltd.", is an Indian Multinational stationery manufacturing company based in Mumbai. The company shares profits with Kokuyo of Japan, which holds around 51% stake in Kokuyo Camlin after buying it in 2012.
Camlin was established and run by the Dandekar family, starting operations as "Dandekar & Co." with "Horse Brand" Ink powders and tablets in 1931, and shortly started producing "Camel ink" for fountain pens. It was incorporated as a private company in 1946, and then turned into a public limited company in 1998.
In May 2012, Japanese stationery major, "Kokuyo Co. Ltd", acquired a 50.74% stake in Camlin, the leading Indian manufacturer by then. Kokuyo paid ₹366 crore for the acquisition. Dilip Dandekar continued as chairman and managing director of the company. The deal intended to facilitate the entry of Kokuyo products, mainly paper and office stationery into the Indian market. On the other hand, Camlin aimed to increase its exports to other countries.
At the moment of the deal, Camlin had more than 2,000 products, mainly pencils, pastels, inks and markers. Also, Kokuyo retained the Camlin and Camel brands. That stake then would go up to 74.99% including a very small less than 1 percent stake of Dandekar Family.
Kokuyo Camlin's range of products include:
|Writing implements||Ballpoint pens, rollerball pens, fountain pens, inks, pencils, mechanical pencils, marker pens, highlighters, brush pens|
|Art materials||modelling clay, colored pencils, charcoals, crayons, oil pastels, acrylic paints, oil paintings, watercolors, canvas, acrylic spray|
|Office||Erasers, rulers, glue, scissors, geometry sets, correction pens, Drawing books, notebooks|
- Company Background
- Japan's Kokuyo to buy Camlin in Rs366cr deal on The Times on India, 31 May 2011
- Kokuyo completes acquisition of 50.74% stake in Camlin
- Camlin on Kokuyo website
- Japan's Kokuyo to buy majority stake in Camlin by Arijit Barman & Viveat Susan Pinto on Business Standard, 2 May 2011
- Products on Kokuyo Camlin website, 24 Nov 2019