| The Company has been promoted by family members of the Garg Group. Garlon Polyfab Industries Limited was incorporated as a private Limited Company on 25th July 1990 under the name and style of Garg Polyesters Private Limited and converted into public Limited Company w.e.f. 4th January 1993. It subsequently adopted the present name from 17th February 1993 and obtained fresh certificate of incorporation. The Company was incorporated with a plan of setting up a composite plant for processing of Polyester Yarns. In the first phase it has already set up a Texturising Plant of 240 MT per annum at Rania Industrial Estate, Kanpur Dehat, an 'A' class backward district, in the State of Uttar Pradesh. The Plant was commissioned during May 1991 however, working capital limits were available from October 1991 onwards only. The performance of the company in the initial two operational years has been quite encouraging. |
Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article