|Sangam (India) Ltd (SIL), Flagship Company of the SANGAM GROUP, was promoted under the name and style of Arun Synthetics Pvt. Ltd and started operations in 1985.
The weaving capacity was gradually increased by installation of additional Weaving Machines and the merger of two closely held profit making companies in 1995.
The company took a strategic decision to go for backward integration of its activities and made a successful entry in Spinning in 1995 by installing 17280 spindles for manufacturing of PV dyed yarn. The Spinning activity gave the company the volumes, margins and cash surplus, which enabled it to embark on a path of rapid and self-sustaining growth.
Since then company has carried out several expansions in spinning and weaving division. In a short period the company has established itself as a major player in the dyed yarn industry with a capacity of 64032 Spindles with an enviable reputation for quality, which is underlined by its ISO 9002 certification.
At present 127 imported weaving machines in its weaving division namely Shuttleless, Rapier and Airjet Weaving Machines.
The company is largest producer of dyed yarn in the country at single location.
The company has 15.7 Mw Power Plant for captive consumption.
-Sangam (India) Ltd. has appointment Mr. Shri Ram Pal Soni as a Whole-time Director.
-A meeting of the Board of Directors of Sangam India Ltd is scheduled to be held on October 07, 2003 to consider the record date and take on record the SEBI's observation related to proposed Right Issue of the Company.
-Sangam (India) Ltd. has informed that Shri. R.K.Jagetia, Director of the company has expired on December 23, 2003 due to Heart Attack.
-Rights Issue of the company has received an overwhelming response from investors, Rs. 123.30 million Rights Issue to part finance its 1024 million expansion project has received good demand from investors and has been oversubscribed by 1.1 times.
- Receives an exclusive Export order for supply of 1.6 million Mtrs of PV fabrics from Egypt and Gulf based customers
-Sangam India awarded One Star Export House status
-The Acquirers & PACs are making an offer to the shareholders of Sangam (India) Ltd ('Target Company') to acquire 63,65,846 fully paid-up Equity shares of Rs 10/- each of Target Company representing 20% of the outstanding voting equity share capital (post Preferential issue) of the Target Company, at a price of Rs 47.10 per fully paid-up Equity Share ('the Offer Price') payable in cash, in accordance with the regulations 10 of the Regulations.
- Sangam India Ltd on April 05, 2007 has bagged new orders worth Rs 40 Crore.