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Sunil Industries Ltd. Company History and Annual Growth Details

The present Sunil Industries Limited was initially incorporated as a private limited company, on 19/11/1976, in the state of Maharashtra, as Raj Ratan Textile Processors Private Limited, and was earlier a partnership firm set up in 1969. The management of the company was taken over by Mr. Vinod Lath in 1979 from the then Directors Mr. J.S.Jadhav, Mr. M.N. Rane and Mr. S.K.Ovhal. The Company's name was changed to Sunil Dyeing Private Limited on 22/4/1982, and a fresh certificate of incorporation was obtained from the Registrar of Companies, Bombay on 27/5/1982. The Company was converted into a Public
Limited Company in terms of a special resolution passed on 1/4/1991, and a fresh certificate of incorporation was obtained on 16/5/1991 in the name of Sunil Dyeing Limited from the Registrar of Companies, Bombay. The Company's name was subsequently changed to Sunil Industries Limited and a fresh certificate of incorporation was obtained on 30/3/1994. The
registered office of the company is located at D/8, M.I.D.C. Phase II, Manpada Road, Dombivli (East), Thane District, Maharashtra.

Raj Ratan Textile Processors was a partnership firm set up in 1969 by Mr. J.S.Jadhav, Mr. M.N.Rane and Mr. S.K.Ovhal. This firm did not do any business till 1974 though it had acquired land from the MIDC. From 1974 manual processing of grey cloth (basically bleaching) was undertaken and the company had an approx. capacity of 40 lakh metres of cloth and an approx. turnover of about Rs. 20-25 lakhs. In 1979, Mr. Vinod Lath took over the company (the firm had been converted to a Pvt.
Ltd. Co. in 1976). In 1981-82, the company developed dyeing facilities also, and by 1983, the building was expanded and printing facilities were developed. In 1984, the company switched over to power processing and the installed capacity increased to about 100 lakh metres per annum by 1986. That year the company bagged orders which were to be resupplied overseas and the company undertook an expansion programme which resulted in considerable value addition and took the capacity to 230 lakh metres per annum. The company has since then continuosly
upgraded processing facilities and increased capacity and the current installed capacity is 600 lakh metres per annum.

A suit has been filed by the proprietor of A.S. Industries in the court of the District Judge Delhi, against the company for recovery of
Rs. 27,213.39 which is currently being disputed by the company. Three cases are pending in the Labour Court at Thane, as of 30th September 1994, asking for reinstatement of employees whose services were terminated. These cases have been registered in the erstwhile (Sunil Dyeing Pvt. Ltd.) name of the company.

Business : Initially SIL was engaged in the manual processing of cotton textiles. Later it started processing of synthetic fabrics and blended fabrics. In 1984 it also started power processing. Currently, the Company is engaged in manual and power processing of all types of fabric for a wide range of thread count.

SIL was till recently engaged in processing cloth for clients on a job work basis for clients, but has since also started procuring grey cloth, processing it and selling it as finished fabric. This has resulted in better price realisation as the Company is getting the benefit of the value addition. Currently, the company is engaged in both-job work for clients as also selling of cloth which it processes on it's own account.

SIL's main clients are trading houses which procure the finished cloth either for local sales or for exports. SIL has also processed cloth for and sold to a number of Government clients. The company has a good reputation among it's clients for product quality as it has one of the largest installed capacities for textile processing as also state of the art equipment. The capacity has increased from 40 lakh meters per annum in 1979 to 600 lakh meters per annum today.

The company now wishes to increase the volume of cloth which it processes on it's own account. It expects the demand for it's products in the year 1994-95 to exceed the currently installed capacity and is undertaking the project to expand it's capacity to 1050 lakh meters per annum.

2008

-Sunil Industries has acquired 50,000 equity shares of Arima Spinners Pvt. Ltd

-Sunil Industries has designated Email ID for Investors Grievance: [email protected]

2012

- Sunil Industries Ltd has appointed Mr. Rohit Gadia and Mr. Iftadad Hossain as Additional Independent Non - Executive Director.

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