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Surat Textile Mills Ltd. Company History and Annual Growth Details

1945 - Surat Textile Mills Ltd. was incorporated.

2003 - The company was ranked 491st in Business Barons- Global Data Services of India's list of India's 500 Most Outstanding Companies.

- The company had ranked 888th in the 12th Business Today list of India's most valuable private sector companies.

2004 - Company had received a composite score of 11 out of a possible 15 in Industry 2.0's SCM Metrics study.

2005 - The company had re-appointed M R Momaya as director of the company and also appointed M R Momaya as the managing director of the company for a period of 5 years.

2007 - Mr. S M Vig was reappointed as the Director of the Company.

2008 - The Board For Industrial & Financial Reconstruction (BIFR) has approved the Draft Rehabilitation Scheme (DRS) forwarded by Industrial Development Bank of India (IDBI), the Operating Agency (OA).

- The authorized share capital of the company of Rs 75,00,00,000 divided into 75,00,00,000 equity shares of Rs 1 each with the power to increase or reduce the capital to consolidate the shares in the capital and to convert or to divide the shares in the capital.