Alok Industries Limited Company Profile
|
|
Alok Industries (ALOKIND) is one of the leading vertically integrated textiles solutions providers in India. Promoted by the Jiwrajka family, it was incorporated on March 12, 1986 as a private limited company and went public on Feb. 11, 1993. The chairman of the board is Ashok B. Jiwrajka and Dilip B. Jiwrajka, the managing director.
The company operates in the four special business units (SBUs) of international, infrastructure, garment and domestic retail businesses. It manufactures home textiles, apparel fabrics (woven and knitted), polyester yarns, and woven. The company has eight manufacturing facilities and all major plants are fully backed by 100% captive power. It is to set up a textile SEZ in Silvassa. With expansion plans initiated in 2006 worth Rs 11,000 million, the company is to have annual capacities for 30,000 tons of cotton yarn, 82.5 million meters of sheeting fabric, and 6,700 tons of terry towels for its home textiles business; 105 million meters of apparel width woven fabrics; 67,200 tons of knitted fabrics; 22 million pieces of garments; 125,000 tons of polyester.
The company signed license agreements with AISLE 5, LLC (USA) for its portfolio of lifestyle brands and Peacock Alley (USA), a premium brand for home linens. The company has a joint venture with Grabal of Austria named Grabal Alok Impex for embroidered fabrics with a separate plant. It has acquired a 60% stake in Mileta, Czech Republic. Its customer base includes GAP, JC Penney, Macys, Wal-Mart, Bed Bath & Beyond, and Linen & Things besides local garment exporters.
The registered office is at B/43, Mittal Tower, Nariman Point, Mumbai-400021 and corporate office at Peninsula Towers, Peninsula Corporate Park, Ganpatrao Kadam Marg, Lower Parel, Mumbai-400013.
Financials
The company announced rise of 67.89% in standalone net profit on y-o-y basis to Rs 1.60 billion, while total income climbed 49.63% y-o-y basis to Rs 22.04 billion for the quarter ended March 2011.
|
|
ALOKTEXT Intraday Realtime Chart
|
|
