Apidor was a sick company based in Dombivili MIDC that was taken over by a group of technocrats in the year 1989-90. Then began the long haul of turning it around. Things got worse before they got better. The company turned profitable for the first time in 1993-94 but it took several years more to pay off the loans that had been raised.
Apidor currently ranks immediately below two dominant MNC in India, M/s. Grindwell Norton Ltd and Carborundum Universal Ltd. in terms of Turnover but ranks amongst the best in terms of consistent Quality.
