|The Mudra Group
The Mudra Group started operations in 1986. We have facilities for manufacture
of fabrics and garments, processing, design development, sampling etc. The Mudra
group is promoted by Mr. Murarilal B Agrawal, Mr. Ravindra B Agarwal, and Mr.
Vishwambharlal K Bhoot.
Our Company was incorporated as Bombay Fine Fabrics Private Limited on March
31, 1997. Subsequently name of the company was changed to Mudra Textiles Private
Limited w.e.f. October 10, 2001. On December 1, 2005 our Company was converted
into a public limited company. Name of the company was further changed to Mudra
Lifestyle Limited w.e.f. December 2, 2005. In October 2004, with a view to consolidate
business of our Group, East Coast Polytex, a Partnership Firm in the Group engaged in
the business of weaving and two other Partnership Firms viz Mudra Exports (India) and
Mudra Impex engaged in the business of Garmenting were taken over by our company.
Further w.e.f April 01, 2005 Picanova Fabrics Private Limited, Mudra Synthetics Private
Limited and Venus Processors Private Limited were amalgamated with our Company.
Consolidation of Our Business
The Mudra Group started its operations in 1986. Subsequently, other companies were
incorporated and partnership firms were formed within the Group to carry on various
aspects of the business like manufacture of fabric, sale of fabric in domestic and
overseas markets and manufacture and sale of garments. The following table gives
a summary of our Group:
No. Name Date of Incorporation/formation Nature of Business
1 Olive Tex Silk Mills December 23, 1986 Manufacture of Fabrics
2 East Coast Polytex February 28, 1993 Manufacture of Fabrics
3 Mudra Exports (India) April 04, 1997 Manufacture of Garments
4 Mudra Synthetics Pvt Ltd September 24, 1997 Manufacture of Fabrics
5 Mudra Lifestyle Limited March 31, 1997 Manufacture of Fabrics
6 Picanova Fabrics Pvt Ltd April 23, 1998 Manufacture of Fabrics
7 Olive Silk Mills Pvt Ltd March 15, 2000 Manufacture of Fabrics
8 Venus Processors P Ltd April 30, 1992* Processing, Dyeing, And
9 Mudra Impex April 3, 2001 Manufacture of Garments
10 Western India (Impex) August 18, 2001 Export of Fabrics
* Venus Processors Private Limited was bought by our promoters on January 29, 2001
Key Events in the History of the Mudra Group
Year Key Events
1986 The Group commenced the business of woven fabric
1993 East Coast Polytex was formed to start manufacturing facilities for woven fabric
1997 .. Mudra Exports (India) was formed to export woven fabric and garment.
.. Mudra Lifestyle Limited was incorporated for undertaking business of woven fabrics.
.. Mudra Synthetics Private Limited was incorporated for undertaking business of woven
fabrics at Sonale in Thane District.
1998 Picanova Fabrics Private Limited was incorporated for undertaking business of woven
fabrics at Sonale in Thane District.
2001 .. Mudra Impex was formed to start manufacturing facilities for garment at Daman and
export the same.
.. Acquisition of Venus Processors Private Limited engaged in Processing, printing and
2004 .. Takeover of partnership firms by Mudra Lifestyle Limited
.. Start of Garmenting Unit at Bangalore.
2005 Awarded contract to Gherzi Eastern Limited for technical appraisal of the Expansion Project
2006 .. Consolidation of group companies
.. Company sales cross Rs. 100 Crores
-The Company has received an order of Rs.25 Cr. (Approximately) from ELBECO INC, U.S.A. for supply of one million garments per year.
-Mudra Lifestyle received an Export Order worth Rs 150 Million & Domestic Order worth Rs 200 Million.
-The company recommended dividend of 10% on Equity Shares for the year.
-The Company appointed Dr. G P Nair as an additional Director (Independent Director) of the Company.
-Recommended divided of Rs 0.60 Per Equity Share having face value of Rs 10/- each.
-The Company recommended dividend of Rs. 0.60 per equity shares i.e. @ 6%.
-The appointment of Mr. Shin, Eung Kyun, as an Additional Director of the Company.
-Appointment of Mr. Yoo, Yang Weon as the Managing Director of the Company.
-Approval of the CDR Package and Issuance of LOA.
-Mr. Kyoung Hur has been appointed as the Additional Independent Director on the Board of Directors of the Company.
-Mudra Lifestyle Ltd has approved to change the name of the Company from "Mudra Lifestyle Ltd." to "E Land Apparel Ltd."
-The Company's Registered office of the Company has been shifted within the local limits of same city to Office No. 404, 4th Floor, Western Edge - I, Western Express Highway, Magathane, Borivali East, Mumbai - 400066.