Ventura Textiles Ltd Share Price

Summary

Ventura Textiles Limited was formerly incorporated as Vijay Tubes & Cones Private Limited as a Private Limited Company in November, 1970. The name of the Company was changed to VTC Industries Limited in May, 1994 upon the conversion of status to Public Limited Company and thereafter was changed to Ventura Textiles Corporation Limited and further to Ventura Textiles Limited in January, 2005.The Company is presently engaged mainly in the business of manufacturing of Textiles consisting of Fabric and Yarn.The company came out with its initial public offering in Oct.94, aggregating Rs 1.13 Cr to part-finance the capital by setting up a 100% export-oriented textile weaving unit. The total cost of the project was Rs 9.3 cr. The company entered into a marketing tie-up with Kidarnath Kishanchand (a division of JCT) for its entire production.The company has acquired land near Nashik for backward integration and also to add additional weaving capacity. It also have its own power generation facilities.The company went in for an expansion and backward integration in 1995-96. It also installed 960 OE rotors with back process machinery alongwith 32 wider width Sulzer projectile looms. The project was part financed through a rights issue. In 1996 the company commenced its direct exports. The company also initiated its marketing efforts with diversified product-line and also into other markets viz. Srilanka, Bangladesh, etc.During 2002-03 the company has shifted its Satpur operation to Gonde
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