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Mafatlal Industries Ltd. Company History and Annual Growth Details

The Company was incorporated in 1913 at Ahmedabad.

It manufactures textiles and textile chemicals. The mills are equipped to do bleaching, dyeing, calico printing, mercerising, calendering, sanforising, anti-creasing and texturising.

Mafatlal Fine Spg. & Mfg. Co.Ltd, along with Gujarat Industrial Investment Corporation Ltd. (GIIC) and Hindustan Oil Corporation Ltd., had promoted Gujarat Gas Co. Ltd., for the purchase of distribution of natural gas to industrial, commerical and domestic consumers in Gujarat.

In technical collaboration with Siemens AG of West Germany, the company started a project for the manufacture of professional grade connector, an electronic component presently imported and used in electronics and telecommunication industries.

The Shorrock Spg. & Mfg. Co. Ltd, M.G.Investment & Industrial Co. Ltd and Mafatlal Gagalbhai & Co. Pvt.LTd were amalgamated with the Company.

The name of the Company was changed to Mafatlal Industries Ltd. with effect from 24th January, 1974.

Sunanda Electronics Ltd, Sushmita Holdings Ltd., Mishapar Investments Ltd., Mafatlal Holdings Ltd., Silvia Apparel Ltd., Mafatlal Services Ltd., Mafatlal Consultancy Services (I) Ltd., and Mafatlal Consultancy Services Inc., USA are the Subsidiaries of the Company.

2000 - The Board for Industrial and Financial Reconstruction today declared Mafatlal
Industries Ltd. a sick company.

2001 - Arvind Mafatlal Group flagship, Mafatlal Industries, has proposed splitting the company
into two distinct entites as part of a rehabilitation package aimed at reviving the ailing company.


-Mafatlal Industries Ltd has informed that Industrial Finance Corporation of India Ltd (IFCI Ltd) New Delhi, vide their letter dated November 07, 2006, has withdrawn the nomination of Shri. M K Mittal from the Board of Directors of the Company and ceased to be Director of the Company with effect from November 07, 2006.
Oct 26, 12:00 am
Oct 26, 4:14 pm
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