Hindustan Photo Films Manufacturing Company Limited (HPF) was an Indian-based public sector manufacturer of photographic films, cine films, X-ray films, graphic arts films, photographic paper, and chemistry. It was incorporated in 1960[1] It is based at Udhagamandalam, a hill station in Tamil Nadu. Their photographic films were sold under the name "Indu", which means "silver" in Sanskrit (silver halides are used in film).
Hindustan Photo Films Ltd, which employed over 714 employees as of 31 March 2012, was declared bankrupt by the Board for Industrial and Financial Reconstruction in 1996. In March 2013, a Rs 181 crore VRS package for employees of the ailing PSU Hindustan Photo Films based on notional pay scales of 2007. Its losses have mounted, from Rs 2,132,950,000,000 in 2014–15 to Rs 2,885,750,000,000 in 2016–17.[2] After the decision of the Madras High Court in August 2016, the company was wound up and is undergoing liquidation.[1]
References
- 1 2 "Hindustan Photo Films Company Profile | Management and Employees List". Datanyze. Retrieved 31 August 2022.
- ↑ "STATEMENT 6: CPSE WISE NET PROFIT / LOSS(-) OF 'TAKEN OVER' SICK CPSEs" (xls). dpe.gov.in.
- BS Reporter (28 March 2012). "Govt sets the ball rolling on Hindustan Photo Films' revival". Business Standard. Business Standard Ltd (BSL). Retrieved 25 August 2012.
- PTI (28 February 2014). "Govt approves VRS for employees of Hindustan Photo Films". The Hindu. Retrieved 3 March 2014.
- HPF. "Hindustan Photo Films Mfg. Co. Ltd". Hindustan Photo Films Mfg. Co. Ltd. website. Hindustan Photo Films Mfg. Co. Ltd. Retrieved 25 August 2012.
Closure notices have been pasted on the entrance gates of the iconic Hindustan Photo Films Manufacturing Company Limited (HPF) in Udhagamandalam, which at one point in its history employed more than 5,000 workers.