However due to Steep increase in Imported Crude Oil per barrel, defective Government Policy on pricing and Subsidy coupled with delay in payment of Subsidy, increase in prices of Raw Materials the Fertiliser Production dwindled and instead of making Profit and paying Dividend, the company started making losses from 1997 onwards till the entire net-worth was wiped out and the manufacture of SSP Fertiliser became difficult in 2004, the Company made a reference to BIFR reporting loss of net-worth to find out ways and means to revive and revamp the Company on 27/08/2008 detailed Form 'A' was filed with BIFR under Section 15(1) of SICA Act Thus, the Company which commenced production on 10/09/1985 came to a grinding halt for no fault on its part.
In all the foregoing darkness, only silver lining was the management of the Company. The Company is headed by dynamic result oriented Chairman and Mg. Director Shri Yogendra D. Patel who did not lose courage but with his innovative planning thought of developing Company's Surplus Land at Majiwada, Thane admeasuring 6,25,000 Sq. Ft. Freehold and unencumbered. After obtaining necessary approvals from Statutory Authorities the work of Construction Division commenced and is now in full swing.