SEL Manufacturing Company Ltd Share Price SELMCL
|Chairman||Ram Saran Saluja|
|Managing Director||Neeraj Saluja|
|Whole-time Director||Dhiraj Saluja|
|Independent Director||Ashwani Kumar|
|Executive Director & CFO||Navneet Gupta|
|Company Secretary||Rahul Kapur|
|Independent Director||Ranjan Madaan|
|Executive Director & CEO||Vinod K Goyal|
|Independent Director||Paramjit Kaur|
|Nominee||Joginder Kumar Gupta|
The Company was initially incorporated under the name Saluja Exim Ltd as a public limited company on May 8, 2000. It is a part of the R S Saluja Group of Companies set up by Mr. Ram Saran Saluja. The R S Saluja Group has been in existence for more than 35 years, having facilities for manufacture of yarns, fabrics, garments. In the year 2003, the company name was changed to SEL Manufacturing Company Ltd.
The company has vertically integrated multi-product textile company, manufacturing and exporting cotton yarn, knitted fabrics and knitted garments. The company is production facilities located in Ludhiana in Punjab and Baddi in Himachal Pradesh. To cater to target exports markets, the company has opened representative offices in Russia and Dubai. Presently, majority of garments is exported to Russia and U.A.E. The company has operating with a consolidated capacity to manufacture 6 million garment pieces per annum and capacities in cotton yarn, fabric knitting, and fabric processing & dyeing are at approximately 49,056 spindles (11,088 tons yarns per annum), 4,050 tons per annum of fabric knitting per annum and 3,000 tons per annum of fabric processing & dyeing respectively.
The Company was admitted as a 99% partner in M/s S E Exports (Firm) from April 1, 2005, with two Promoters viz. Mr. Dhiraj Saluja and Mrs. Reema Saluja, as the other two partners with 0.5% stake each vide partnership deed dated April 1, 2005. M/s S E Exports is a partnership firm constituted vide a partnership deed dated May 14, 2001. The Firm has engaged in the business of manufacture of value added knitted garments having production facilities located in the tax free zone in Baddi in Himachal Pradesh.
Saluja Processors Private Limited (SPPL) and Saluja Fabrics Limited (SFL) both forming part of the R S Saluja Group were merged with Company w.e.f April 1, 2004. Both SPPL and SFL were involved in the business of spinning, knitting, dyeing & manufacturing of polyester textured yarn, and manufacture and exports of readymade garments.
June 2006, the Company has acquired the 100% EOU Spinning Unit of Saluja Cotex Private Limited SCPL). SCPL forms part of the R S Saluja Group of companies and is engaged in the business of textile.
In 2007, the company has acquired land & building along with 150 garmenting machines (assets) of a garmenting unit of Utkarsh Apparels situated in Ludhiana.