|The Company was incorporated on January 30, 1987 in the State of Maharashtra.
The Company has been promoted by a team of entrepreneurs having good experience in the textile industry. Chief Promoters of the company are Dr. Mohanlal Piramal, Mr. Ashok M. Bhawnani & Mr. R. K. Shriya.
Company's factory located a Silvassa is engaged in manufacturing
texturised/twisted polyester filament yarn. The installed capacity is 408 spindles for texturising & 3608 spindles for twisting. Commercial production commenced in December 1987. The Company has also set up a new project at Daman for setting up of two Draw texturising & three TFO twisting machines. The capacity was later expanded to 864 spindles of texturised yarn and 3848 spindles of twisted yarn.
The Company proposes to install Two Draw Texturising Machines of 240
spindles each together with Roto attachment with a total capital outlay
of Rs. 650 lacs at its existing site at Daman. It is also thinking to
construct a RCC/ACC structure of about 12,805 sq. ft. on the existing
two story Building. The project is being financed by Term Loans from
Financial Institutions/Banks and from internal accruals.
-Omnitex Industries India Ltd has appointed Mr. Deepak P Advani and Mr. Vivek M Jalanas Directors of the Company w.e.f. January 29, 2007.
- Omnitex Industries India Ltd has informed that Mr. Narendra M Dalmia has been appointed as additional director w.e.f. December 11, 2008.