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Donear Industries Ltd. Company History and Annual Growth Details

1977 - The company was incorporated during the year with an objective to provide high quality textile to the customers and within a short span of time it became a household name along with other Indian brands.

2004 - The company ranks 746th in the BS1000 listing of top Indian companies in terms of sales in 2003- 2004.

- DIL had been ranked 560th in the 13th Business Today list of India's 1,000 most valuable private sector companies. The ranking was based on the average market capitalization of 1,391 companies that traded on a minimum 20 percent of 129 trading days.

2005 - The Board of the company approved in December 2005, to increase the authorized share capital from the existing share capital of Rs 11 crore to Rs 20 crore.

2006 - Mauritius based fund house Citigroup Global Markets had acquired a 5.77% stake in domestic textiles company Donear Industries for about Rs 22.2 crore in open market transactions.

2007 - The board of the company had decided to raise funds worth approximately Rs 1.5-1.6 billion in Indian Rupees/foreign currencies to fund future expansion projects of the company, develop new business and acquire existing businesses in India and abroad.

- The company had planned to invest Rs 3.5 billion in new projects. The company prepared to invest Rs 3.5 billion for its integrated facility in Surat, and foray into retail for its future growth prospects.

- The company announced on September that the young, talented Indian Cricketer Yuvraj Singh as the brand ambassador for Donear Suitings & Shirtings.