Alok Industries Ltd

BSE: 521070 | NSE: ALOKTEXT | ISIN: INE270A01011 
Market Cap: [Rs.Cr.] 1,637.40 | Face Value: [Rs.] 10
Industry: Textiles - Processing

Company Profile

Alok Industries Ltd is one of the leading textile group and amongst the fastest growing vertically integrated textile companies in India. They are offering world class integrated textile solutions. They manufacture world-class home textiles, apparel fabrics, garments and polyester yarns selling directly to manufacturers, exporters, importers, retailers and brands the world over. Also, they are in the business of Retail and Realty through their wholly owned subsidiary company. The company is having their manufacturing facilities at Silvassa in Dadra & Nagar Haveli, Thane and Navi Mumbai in Maharashtra and Valsad and Vapi in Gujarat. Alok Industries Ltd was incorporated in the year 1986 with the name Alok Textile Industries Pvt Ltd. The company commenced their activities with the manufacture of texturised yarn by setting up manufacturing facilities at Silvassa. In the year 1991, they commenced weaving operation at Bhiwandi in Thane. In the year 1993, they became a puiblic limited company. In the year 1994, the company expanded the weaving capacity to 50 cimmco looms in Thane and texturising capacity of 3 Nos Texturising machines in Silvasaa. In the year 1995, they made a technical collaboration with Grabal, Albert Grabher Gesellshaft mbH & Co of Austria for manufacture of embroidered products through a joint venture company named Grabal Alok Impex Ltd. In the year 1996, they set up Knitting Division at Silvassa with 8 Machines and state-of-the-art eco-friendly Process House at Navi Mumbai with 3 Stenter. In the year 1998, the company modernised and expanded the weaving division with 24 Sulzer Projectile Looms at Silvassa and in the next year, they further expanded to 28 Sulzer Projectile Looms. Also they completed the modernisation and expansion of weaving project with 88 Air Jet/ Rapier Sulzer Looms at Silvassa in the year 2002, and the processing project with 2 Stenters at Vapi in the year 2003. In the same year, they set up a Garment Unit at Navi mumbai with 100 Stitching Machines. In the year 2004, the company expanded the Texturising capacity to 30 machines, Knitting capacity to 40 machines and Weaving capacity to 170 Air Jet/ Rapier Looms. Also they forayed into Home Textiles for direct export. In the year 2006, they set up a new plant for knitted fabric at Vapi in Gujarat and Partially Oriented Yarn plant at Silvassa. The company was awarded Silver Trophy for fabric exports and Bronze Trophy for made-ups exports by Texpocil for the financial year 2006. Also they got award from the All India Exporters Chambers in recognition of role played by the company in the development of exports of 'made ups'. They have got Certificate of Excellence by Kohi's Department Stores for partnership and teamwork. They have also got Supima license for use of their cotton in manufacture of woven and knitted fabrics. In the year 2007, the company has acquired 60% stake in Mileta a s, a company based in the Czech Republic for manufacturing high end yarn dyed shirting fabrics, handkerchiefs, table linen, batistes and damasks. The company has signed an exclusive license agreement with AISLE 5 LLC, for their portfolio of lifestyle brands like aworld, cotton + clay and natural worth. They started operations in the retail segment namely H&A. The range of products includes fabrics, garments, embroidered fabric, saris and terry towels. The company is also in the process of setting of textile SEZ at Silvassa through a wholly owned subsidiary. The company has entered into Trademark License Agreement with Peacock Alley Inc, USA, to sell their licensed products in India. The Company has entered into a Tripartite Memorandum of Understanding with Union Nationale Des Producteurs De Cotton Du Burkina Faso (UNPCB) and MAS Intimates (Pvt) Ltd for supply of finished fabrics made out of organic and fair trade cotton for supply of lingerie goods to a super brands on the USA. The company had bid for Joint Ventures with National Textile Corporation Limited (NTC) for the revival of the textile mills located at the New City of Bombay Manufacturing Mills, Mumbai and Aurangabad Textile Mills, Aurangabad and for development of textile related infrastructure therein. In September 2007, the company has entered into an MOU with Zameen Organic Pvt Ltd for developing and promoting organic fair trade cotton. This will ensure Fair price of seed cotton to the marginal cotton growers in Vidarbha and Adilabad.

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Key Information

Key Executives:

Ashok B Jiwrajka , Executive Chairman

Dilip B Jiwrajka , Managing Director

Surendra B Jiwrajka , Joint Managing Director

Ashok G Rajani , Director


Company Head Office / Quarters:

17/5/1 521/1,
Village Rakholi/Saily,
Silvassa,
Dadra & Nagar Haveli-396230
Phone : Dadra & Nagar Haveli-91-022-22832923/22845233/24996200 / Dadra & Nagar Haveli-
Fax : Dadra & Nagar Haveli-91-022-22874864/24936078 / Dadra & Nagar Haveli-
E-mail : info@alokind.com
Web : http://www.alokind.com

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