Ventura Textiles Share Price

CMP as on21-Oct-20 15:15

₹ 3.87
-0.2 -4.91%

Open

₹ 3.87

Turnover (lac)

Prev. Close

₹ 4.07

Day's Vol (shares)

₹ 87

Day's Range

₹ 3.87
₹ 4.26

Incorporated as a private limited company under the name Vijay Tubes & Cones Pvt Ltd, its name was changed to VTC Industries (VTCIL) in May 94 after its conversion into a public limited company and again changed as Ventura Textiles Corporation Ltd. The promoters of the company were R P Kapur and his associates.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 unit. This is in line with rehabilitation scheme filed with BIFR. During March,2003 both IDBI and SBI has sanctioned financial restructuring under CDR mechanism.The name of the company has been changed during January 2005 from Ventura Textiles Corporation Ltd to Ventura Textiles Ltd.

  • Chairman & Managing Director

    P M Rao
  • Whole Time Director & CFO

    Abhijit Rao
  • Independent Director

    Shyam R Karmarkar
  • Addtnl Independent Director

    Ratnakumari Girija Maganti
  • Company Secretary

    Sawani Pradeep Sadalage

Registered Office

Unit No 121 Midas Sahar Plaza,
Andheri Kurla Road Andheri(E),Mumbai,
Maharashtra-400059
India

REGISTRAR OFFICE

C-101 247 Park,
Vikhroli West,Mumbai-400083
INDIA