Yarn Syndicate Ltd Share Price

Summary

Yarn Syndicate Limited, a government-recognised Trading House, was incorporated in May 46 as a Public Limited Company. It belongs to the Patodia-YSL group. The Company engaged in trading and export of cotton yarn, had commenced its business operations as dealers in all types of YARN soon thereafter.The Company became one of the pioneers to export all types of yarn, viz. cotton yarn, polyester cotton yarn, polyester viscose yarn, flax yarn, jute yarn, bamboo yarn, organic yarn etc. from India and in the more than four decades since, has become one of the leading exporters of cotton and other varieties of yarn in the country. In 1994, it set up manufacturing facilities for knitted fabrics and dyed yarn in order to cater to the international buyers with a committed delivery of quality products at competitive price range. The unit was set up at Mudalipalayam (Periyar district), Tamilnadu. The company came out with a public issue in Mar.94 to part-finance the project. Commercial production of the knitting unit commenced production in 1994-95. The yarn dyeing unit could not be set up by the company due to agitation in the area of Bhawani River Industrial Belt by the local people along with negative attitude of the authorities towards such projects.During 1997-98, the company achieved an export turnover of Rs 80.31 cr. The company was awarded a Gold Trophy for higest exports and Bronze Trophy for export of Cotton Yarn to Non Quota Countries by TEXPROCIL for export during 1996-97. YS
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