|The Company was incorporated on July 22, 1997 under the Companies
Act, 1956 as a Public limited company in the NCT of Delhi & Haryana as
'Shivalik Global Limited' and obtained the Certificate of commencement
of business dated August 8, 1997, with the main objective of carrying on
the business of manufacturing of textile fabric and export of apparels.
The Company started its operations at its Plant in Faridabad, which was
acquired from SPL Industries Limited. Initially, the plant comprised of only
three facilities viz. manufacturing of knitted readymade garment, Dyeing,
Printing & Processing of Woven fabrics and Dyeing & Processing of Yarn.
In the year 1999-2000, Company undertook expansion wherein the
capacities of knitted readymade garment and manufacturing of woven
fabric were enhanced from 12 lakh pieces p.a. to 24 lakh pieces p.a. and
144 lakh metres p.a. to 264 lakh metres p.a. respectively. Also, company
started its division for Dyeing and Processing of Knitted Fabric with the
capacity of 1050 MT p.a., which was further raised to the level of 2000
MT p.a. in the year 2000-01, 3000 MT p.a. in the year 2002-03 and finally
4000 MT p.a. in the year 2003-04.
Further in the year 2001-02, the Company increased the capacity of
manufacturing of woven fabric to 360 lakh metres p.a. and also ventured
into the manufacturing of sewing thread with the capacity at 400 MT p.a.
Then in the year 2002- 03, Company raised the yarn processing capacity
to the level of 825 MT p.a., which was further increased, to 1400 MT p.a.
in the year 2003-04. The Company also undertook the conception of
knitting of fabric with the capacity of 1150 MT p.a. in the year 2002-03.
The Company also maintains a Design Studio, a library of designs and
labs for quality checks.
All the expansions till date have been financed from the internal accruals,
equity participation by the promoters and loans from Banks and Financial
Milestones achieved by the company
1997-98 Incorporation of the Company as 'Shivalik Global Limited' on
July 22, 1997 in the NCT of Delhi & Haryana
1998-99 Commencement of Commercial production in Manufacturing
of Readymade Garments, Dyeing, Printing & Processing of Woven
Fabrics and Dyeing & Processing of Yarn
1999-00 Commencement of Dyeing and Processing of Knitted Fabrics and
Expansion of Readymade Garments division (from 12 lakh pieces p.a.
to 24 lakh pieces p.a.) and Dyeing, Printing and Processing of Woven
Fabrics (from 144 lakh metres p.a. to 264 lakh metres p.a.)
2000-01 Expansion of Dyeing and Processing of Knitted Fabric (from 1050 MT
p.a. to 2000 MT p.a.)
2001-02 Commencement of Commercial production of Sewing Threads for
Enhancement of capacity of processing of woven fabric to 360 lakh
2002-03 Commencement of knitting of fabric
Enhancement of yarn processing capacity to 825 MT p.a.
Expansion of Dyeing and Processing of Knitted Fabric to 3000 MT p.a.
2003-04 Enhancement of yarn processing capacity to 1400 MT p.a.
Expansion of Dyeing and Processing of Knitted Fabric to 4000 MT p.a.
-Company name has been changed from Shivalik Global Ltd to STL Global Ltd.