|Vijay Tubes & Cones Pvt. Ltd.(VTCPL) incorporated as a
private limited company has been promoted by the KAPURS.
The KAPURS are engaged in textiles and various other
activities for the past 4 decades.
VTCPL was engaged in the manufacture of laminated paper
containers for Defense Department and had been in the
business for over 20 years. In view of the total
dependence on the Defense Department orders, the company
was unable to increase or expand its activities and
business. Though the company had made good profits in the
eighties in that line, later on it did not do well and
incurred cast losses.
The Kapur family being well versed in the field of exports
of textiles with the experience gathered in the erstwhile
Kidarnath Kishanchand Pvt. Ltd., in which they held a 50%
stake, they decided to close the existing loss making
activity and focus on the manufacture of quality fabrics
for export. The company has since been approved as a 100%
E.O.U. for the manufacture and export of textiles.
With effect from 16th March, 1994 the name of the company
has been changed from Vijay Tubes and Cones (P) Ltd. to VTC
Industries (P) Ltd., and was later converted into a public
limited company on 14th April, 1994.
PRESENT BUSINESS OF THE COMPANY
The company is engaged solely in the manufacture of quality
grey fabrics for export. The company currently operates
with 24 Sulzer Projectile Looms with its back process
machinery from its premises at Nasik (MIDC, Satpur),
manufacturing Plain and Drill Grey Cotton Fabric of wider
The company has an installed capacity of 24 looms and in
terms of fabric production 49.84 lakh sq. meters. The
machines used by the company are multi-width weaving
machines capable of producing 2 or 3 webs at a time. The
company procures yarn from the market as also procures
cotton and gets job work done to manufacture yarn and
undertakes only pre-weaving and weaving operations.
2000 - The Company has allotted 750000 Convertible Cumulative Redeemable
preference shares to IDBI at part at a coupon rate of 11.35 per cent on
preferential issue basis.
2001 - Preferential issue of 1,35,00,000 equity shares of Rs 10 each to the promoters of
-Ventura Textiles Ltd has informed that Shri Abhijit Rao erstwhile General Manager (Operations) is elevated to the Board as Executive Director of the Company w.e.f. November 01, 2006.