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Centerac Technologies Ltd. Company History and Annual Growth Details
YEAR EVENTS 1975 - Asia Threads Limited has been incorporated as a Limited Company vide certificate of incorporation on 11th July 1975 of 1993 dated 13th May 1993 in the State of Maharastra at Bombay. The company received its certificate of Commencement of business on31st May 1933.
- The Company was incorporated with the object of manufacturing and selling man made and natural yarns. The Company had not commenced any commercial operations till may 1995. The company has started commercial operations since May 1995.
1995 - The Company entered into an Agreement of sale with Indo Euro Industries Limited (IEIL) an unlisted company. on 30th January, by which the company will acquire the entire Fixed Assets of IEIL including Land, Building, Plant & Machineries and other Miscellaneous Fixed Assets situated at village Amli, Vapi-Silvassa Road, Silvassa at a consideration of Rs. 325 lacs.
1997 - The Company has entered into agreement to purchase land in Silvassa.
1998 - On 30th July, Asia Polytex (India) Limited, a Company under the same management became a subsidiary of the Company.
2000 - The Company has signed tripartite agreement with NSDL & CDSL.
- The Company changed its name from Asia Threads Limited to Ex-Comm Trade Technologies Limited.