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Riba Textiles Ltd. Company History and Annual Growth Details

Riba Textiles Limited, originally incorporated on 04.01.59 as a private limited by company & subsequently converted into public limited by passing special resolution on 12.7.1994 and obtained fresh certificate of Incorporation on 08.09.94, has been promoted by Ravinder Garg & his
family. The company is engaged in the manufacturing of Terry Towels at village Chidana in Distt. Panipat (Haryana). The commercial production was started on 1.1.92. The cost of project was Rs.228.96 lac, which was financed by way of promoters share capital of Rs.55.72 lac, term loan from HSIDC Rs.45.00 lac, term loan of Rs.112.58 lac from ICICI (foreign currency loan) and balance Rs.15.66 lac by deposits from promoters.


-Riba Textiles Ltd delists securities from DSE with effect from April 24, 2007.