Doms (company)

Last updated
DOMS Industries Limited
DOMS
Company type Public
Industry Stationery
Founded2005;19 years ago (2005)
Founders
  • Rasiklal Raveshia
  • Mansukhlal Rajani
Headquarters
Gujarat
,
India
Key people
  • Gianmatteo Terruzzi (Chairman)
  • Santosh Raveshia (Managing Director)
Products
RevenueIncrease2.svg₹1,212 crore (US$150 million) (FY23) [1]
Increase2.svg₹95 crore (US$11 million) (FY23) [1]
Owner FILA Group (31%) [2]
Website domsindia.com

DOMS Industries Limited (DIL) (stylized as DOMS) is an Indian stationery and art materials manufacturing company, headquartered in Valsad, Gujarat. Its products include wooden pencils, color and polymer pencils, mathematical and drawing instruments, wax crayons and oil pastels, stationery kits and combos, office supplies, hobby and craft supplies, and fine art products. It works under a multinational Italian company Fila Group. [3] [4]

Contents

History

DOMS was founded in 1976 as a partnership firm, R.R. Industries, by Rasiklal Amritlal Raveshia and Mansukhlal Jamnadas Rajani. The company was later named was "Writefine Products Pvt. Ltd.", before being changed to "DOMS Industries". In 2005, the company launched its flagship brand, DOMS. [3] [5] DOMS originally stood for "Dynamic Organization Manufacturing Stationery".

In 2012, DOMS entered into a strategic partnership with F.I.L.A. – Fabbrica Italiana Lapis ed Affini S.p.A (F.I.L.A.), Italy, a listed Italian multinational company engaged in the supply of art materials and stationery products. This partnership enabled DOMS to gain access to international markets for distribution of its products. [6]

In 2017, Famous Innovations was awarded to be responsible for developing and executing creative campaigns for DIL's stationery portfolio. [7]

DOMS also acquired 30% stake in toy company ClapJoy. [8] [9] [10]

In 2023, DOMS launched its initial public offering (IPO) worth ₹ 1,200 crore (US$140 million) and listed on BSE and NSE. [11] [12] [1]

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References

  1. 1 2 3 "Indian stationery maker Doms files draft papers for $145 mln IPO". Reuters. 2023-08-22. Retrieved 2023-09-26.
  2. ↑ "Italian co FILA to sell 800cr share in DOMS". The Times of India. 8 December 2023.
  3. 1 2 Pallavi Chakravorty (21 October 2022). "How DOMS Emerged As The Biggest Disrupter In India's Stationery Market?". Outlook (Indian magazine) .
  4. ↑ "Pencil Maker Doms Eyes $300 Million IPO Filing in June, Sources Say". Bloomberg.com. 2023-04-26. Retrieved 2023-09-26.
  5. ↑ "How DOMS scripted a winning strategy". businessindia.co. Retrieved 2023-11-11.
  6. ↑ "Italy's FILA exploring options to support Indian unit Doms". Reuters. 2023-05-31. Retrieved 2023-09-26.
  7. ↑ www.ETBrandEquity.com. "Famous Innovations bags Doms' creative account - ET BrandEquity". ETBrandEquity.com. Retrieved 2023-09-26.
  8. ↑ Philip, Lijee (2019-01-29). "An inside view of India's pencil business and the four families that control it". The Economic Times. ISSN   0013-0389 . Retrieved 2023-09-26.
  9. ↑ www.ETRetail.com. "Stationery products maker DOMS acquires 30% equity stake in toy manufacturing startup ClapJoy - ET Retail". ETRetail.com. Retrieved 2023-09-26.
  10. ↑ Tandon, Suneera (2023-03-03). "Doms acquires 30% stake in toy company ClapJoy". mint. Retrieved 2023-09-26.
  11. ↑ "DOMS IPO price band fixed at ₹750-790 a share". BusinessLine. 7 December 2023. Retrieved 26 December 2023.
  12. ↑ "DOMS Industries, the fourth-most subscribed Indian IPO of 2023 lists at a 77% premium". CNBCTV18. 20 December 2023. Retrieved 26 December 2023.
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