1994 - Sterling Spinners Ltd was incorporated as a public limited
company on 20th September, and received certificate of
commencement of business on 10th October. It belongs to the
associate companies of 'SAVORIT'.
- The Company was promoted by Late Sh. Kolur Sreenivasan and Sh. K.
S. Venugopaal and associates.
1996 - The Company has commenced its commercial production on 5th July.
- The Public Issue of the company of 37,00,000 No. of Equity Shares
of Rs. 10/- each for cash at par aggregating Rs. 3,70,00,000.
1997 - The company is setting up a spinning mill in an industrially most
backward area at Padiyur Pudupatty Village, Vedasandur Taluk,
Dindigul Anna District for manufacture 30s carded hosiery cotton
yarn with installed capacity of 12096 spindles.