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SPL Industries Ltd. Company History and Annual Growth Details

SPLIL was incorporated as Shivalik Prints Private Limited in 1991, with the main objective of carrying on the business of manufacturing and export of apparel. The name of the company was changed to SPL Industries Limited in 1994. The Company’s plants are located 30 km away from Delhi in the industrial township of Faridabad.

SPLIL established its first textile unit named “SPL processing house” with a focus on printing and dyeing of cloth with a capacity of 1,00,000 meters/day. SPLIL planned to become a major supplier of printed and dyed cloth in northern India. In July 1992, SPLIL expanded its operation by installing new equipment and increased its capacity to 150,000 meters/day.

In March 1995, the company set up a vertical integrated plant for apparel manufacturing, which had the facilities for knitting, dyeing, processing, cutting and stitching, with a capacity of producing 100,000 pieces of knitted garment per month. Due to a growing customer base and demand for its products, SPLIL increased its capacity by another 150,000 pieces per month i.e. a total of 250,000 pieces per month.

In 1999, SPLIL sold off the printing unit. In 2000, SPLIL decided to further diversify its operations and and a started sweater division with a capacity of 120,000 pieces per month.

In 2000, SPLIL established another knitwear unit with capacity of 250,000 pieces per month and 100,000 pieces per month of Home Furnishings. Thus the total capacity reached 500,000 pieces per month of garments. Later in 2002, SPLIL opened another Knitted Garment unit with capacity of 250,000 pieces per month which increased the capacity to 7,50,000 pieces per month.

The Company has a well equipped design studio. SPLIL employs a team of designers who design and develop the products as per the requirements of the customers. They regularly visit International fairs like Piiti Fillatt, Expofil and Premier vision. These fairs determine the latest trends in yarn / fabric and colours for the following season. The design team regularly interacts with the customers which helps it to keep pace with their expectaions.

SPLIL exports knitted apparels to USA, Europe, Canada and Japan. Almost 95% of the total production is exported. The major customers of the company are GAP, J-C.Penny, Kohls, Haggers, Sears, Arrow, PVH etc. The company adheres to international standards as required by the customers.

SPLIL also manufactures Home Furnishings which include Bedsheets, Curtains, pillows etc. these products are exported to Middle East and USA.

The company’s total income for the year ended March 31, 2004 was Rs. 15,388.45 lakhs with a profit after tax of Rs.429.24 lakhs and for the 9 months ended December 31, 2004 total income was Rs. 12074.09 Lakhs with a profit after tax of Rs. 633.11 Lakhs.

The vision of the company is to become a global leader in apparel manufacturing by continuously excelling its quality, service customer satisfaction and employee satisfaction
using the best technology, processes and people.

Major Events of the Company

Year Events Achievement

1991
-Company incorporated in the name of Shivalik Prints Pvt. Ltd.for process and printing of Woven Fabrics

1994
-Company changed name from Shivalik Prints Private Ltd. to SPL Industries Ltd.

1995
-Setup new factory for Knitted Garments

2000
-Setup cotton sweater plant

2001
-Setup two new factories for Knitting Garments to enhance the capacity of Knitting as well as Dyeing

2002
-Factory for Value added items like computerized embroidery

2003
-Enhance capacity for Knitting, Dyeing and Garments

2003
-Setup unit for manufacturing home furnishing items like Bed sheet, curtains, pillows cushions etc.

2003
-Amalgamation of SPL Machine to SPL Industries Ltd. As per Delhi High Court decision

2005
-Accorded the status of Two Star Export House in accordance with the provisions of the Foreign Trade Policy , 2004-09.

Awards

YEAR AWARD

1997 5 Star Award for outstanding service in the development of
Federated Department Stores

1997 Award for outstanding performance in export by Government of
Haryana (Department of Industries)

1998 5 Star Award for outstanding service in the development of
Federated Department Stores

1999 5 Star Award for outstanding service in the development of
Federated Department Stores

2000 5 Star Award for outstanding service in the development of
Federated Department Stores

2000 Award for outstanding performance in export by Government
of Haryana (Department of Industries)

2001 5 Star Award for outstanding service in the development of
Federated Department Stores

2002 5 Star Award for outstanding service in the development of
Federated Department Stores

2004 Appreciation of your outstanding contribution to Faridabad
industries by Chief Minister of Haryana

YEAR Awarded by Govt./Buyers

1997 Federated Merchandising Group
1997 Government of Haryana
1998 Federated Merchandising Group
1999 Federated Merchandising Group
2000 Federated Merchandising Group
2000 Government of Haryana
2001 Federated Merchandising Group
2002 Federated Merchandising Group
2004 Faridabad Industries Association

2005
-Birla Sun Life Asset Management Company Limited - Birla Mutual Fund has acquired 10,65,990 shares aggregating to 3.07% of the total paid up capital of Spl Industries Limited

2007
-Company has recommended a dividend @ 10%.

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