Doms (company) explained

DOMS Industries Limited
Trading Name:DOMS
Type:Public
Industry:Stationery
Hq Location City:Gujarat
Hq Location Country:India
Revenue: (FY23)
Profit: (FY23)
Owner:FILA Group (31%)[1]

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.[2] [3]

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 as "Writefine Products Pvt. Ltd.", before being changed to "DOMS Industries". In 2005, the company launched its flagship brand, DOMS.[4] 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.[5]

In 2017, Famous Innovations was awarded to be responsible for developing and executing creative campaigns for DIL's stationery portfolio.[6]

DOMS also acquired 30% stake in toy company ClapJoy.[7] [8] [9]

In 2023, DOMS launched its initial public offering (IPO) worth and listed on BSE and NSE.[10] [11] [12]

See also

Notes and References

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