SIL Investments Ltd Company Summary

Promoted by late Shri G. D. Birla in November 1934, SIL Investments Limited originally known as Sutlej Cotton Mills Limited (SCML) came to be known as Sutlej Industries Limited upto 2005.

During the period 2006-07, the textiles division of Sutlej Industries Limited was demerged and vested effective from 01.07.2005, in a new Company called Sutlej Textiles And Industries Limited as a going concern basis as per the scheme of Demerger sanctioned on 12.05.2006, by the Honourable High Court of Judicature for Rajasthan (Jaipur Bench) and Sutlej Industries Limited was left with investment activities only. Therefore, after the demerger of the textiles division in 2005, the name of the Company was changed from Sutlej Industries Limited to SIL Investments Limited (SIL) w.e.f 21.03.2007.SIL is a Non-Banking Financial Company registered with the Reserve Bank of India and engaged in the business of investments and lending activities. The core business of SIL mainly consists mainly of investments in Shares, Securities, Debts, etc.

Prior to this, the Company was engaged into the business of spinning, processing and pressing of cotton yarn.In 1995-96, the Company undertook an expansion of 6048 spindles at its Kathua Unit. In 1999-2000, it completed expansion of Chenab Textile Mills, Kathua by addition of 7680 spindles. It started commercial production from 1st February, 2000.The Fabric Project commenced commercial operations from September 2000.

Further, the Company commissioned the expansion of Bhawanimandi Unit by 7,488 spindles during 2007-08. It added 3 MW Captive Power Plant at Bhilad costing Rs 22 Crore.