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Bombay Rayon Fashions Ltd. Company History and Annual Growth Details

Our Company was incorporated as Mudra Fabrics Private
Limited (MFL) on May 21, 1992. On October 13, 1992 our
Company was converted into a public limited company.
Subsequently, on September 30, 2004, name of our Company
was changed to Bombay Rayon Fashions Limited (BRFL). In
March 2005, with a view to consolidate business of our Group,
Bombay Rayon Private Limited (BRPL) was amalgamated with
our Company and two partnership firms of the Group, i.e,
B R Exports and Garden City Clothing were taken over by BRPL
and our Company respectively.

The Bombay Rayon Group

The Bombay Rayon Group started in 1986 with the incorporation
of BRPL. The Group is in the textile industry having facilities for
manufacture of fabrics, garments, design development, sampling
etc. Presently, our Group is engaged in carrying out the activities
of manufacture of fabrics for domestic sale and export and
manufacture of garments for export.

The Bombay Rayon Group was promoted by Mr. Janardan
Agrawal. Subsequently Mr. Aman Agrawal and Mr. Prashant
Agarwal, sons of Mr. Janardan Agrawal joined the Group and
are now in charge of the management of the Company as
well as our Group companies.

Key Events in the History of the Bombay Rayon Group/BRFL

Year Key Events

1986 Bombay Rayon Private Limited, the first company of Bombay Rayon
Group incorporated for undertaking the business of manufacture
of woven fabric

1990 Start of manufacturing facilities for woven fabric at
Navi Mumbai by BRPL

1992 BRFL incorporated for undertaking the business of manufacture
of woven fabric

1998 Start of manufacturing facilities for woven fabric at Sonale
in Thane district by BRFL

1998 Fabric export started in the Group. B R Exports was formed for
undertaking this business segment

2003 * Group turnover reaches Rs. 100 crores

* Start of Group's Silvassa unit for manufacture of woven
fabric under Reynold Shirting Private Limited

* Garment manufacturing for exports started in the Group.
Garden City Clothing was formed for undertaking this business

2004 * Decided to set up an integrated facility of yarn dyeing,
weaving, process house and garment manufacturing at the
apparel park in Doddaballapura near Bangalore

* Awarded contact to Gherzi Eastern Limited for technical
appraisal of the Expansion Project

* Land allotment by KIADB at the apparel park being developed
in Doddaballapura near Bangalore

2005 * Consolidation of business of companies and firms of the
Promoters

* Group turnover crosses Rs. 140 crores

* Company ventures into home furnishing and made ups

* Incorporates a Wholly Owned Subsidiary at Almere, the
Netherlands

* EXIM Bank acquires equity in our Company. This was the first
time that EXIM Bank has acquired an equity stake in an
Indian Company on preferential basis.


2007

- Bombay Rayon Fashions Ltd bought LNJ Apparels, a unit of Rajasthan Spinning & Weaving Mills Ltd, for a sum of Rs 25.50 crore.

-The Company acquires "Leela Scottish Lace", one of the largest garment manufacturing units set up in India, making BRFL one of the largest apparel groups in India.
-BRFL marks the commencement of the mega USD 250 million Textile and Garment Project under a special MOU signed with the government of Maharashtra.
-BRFL establishes a fully integrated textile mill in Doddaballapur, Bengaluru with a capacity to process 1 lakh meters/day.
2008

-Bombay Rayon Fashions Ltd has approved the Scheme of amalgamation of Leela Scottish Lace Pvt. Ltd, a wholly owned subsidiary with the Company.

-BRFL acquires the iconic brand Guru.

2009

-Bombay Rayon Fashions Ltd has recommended the dividend of Rs 1.50/- per equity share (15%).

-BRFL is sanctioned the project under the Scheme for Integrated Textile Park (SITP) by the Govt of India.

2010

-Bombay Rayon Fashions Ltd has recommended the dividend of Rs 1.50/- per equity share (15%)

-BRFL establishes the world’s largest fabric processing capacity of 5 lakh meters/day at Tarapore.

-BRFL acquires STI India Ltd, a world class producer of 100% cotton yarn

2011

-Bombay Rayon Fashions Ltd has recommended the dividend of Rs 1.50/- per equity share (15%)

-The Company has appointed Mr. M M Agrawal as an additional Director.

2012
- Offer for Sale (OFS) of equity shares of STI India Ltd at Floor Price.

2013

-Bombay Rayon has been appointed Dr. S B Agrawal with effect from August 22, 2013 as director, Mr. A Arumugham as Additional Director and appointed of Mr Babu Nambiar as Nominee Director.

2014

-The Company has appointed Ms. Parmy Kamani as the Company Secretary & Compliance Officer.

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