अरविंद > कंपनी इतिहास > Textiles - Denim > कंपनी इतिहास का अरविंद - बीएसई: 500101, NSE: ARVIND


बीएसई: 500101  |  NSE: ARVIND  |  ISIN: INE034A01011  |  Textiles - Denim

कंपनी इतिहास - अरविंद
YEAR                       EVENTS
 1931 - The company was incorporated on 12th December, in Ahmedabad. 
        company manufactures cotton textiles.  Products manufactured
        dhoties, sarees, mulls, dorias, crepes, shirtings, coatings,
        printed lawns & voiles cambrics, twills gaberdine etc. count
        ranging from 20's to 120s are spun & the cloth width ranges
        28 to 54.
 1962 - The Company entered into an agreement with Tootal Broadhurst
        Co. Ltd., of Manchester for the know-how and treatment of
        for crease resistance, smooth drying, etc., bearing trade
        `Tebilised Double Tested'.
 1979 - Ahmedabad Laxmi Cotton Mills, Co., Ltd. was amalgamated with
        Company in April.
 1981 - The Company signed an agreement with Gaskiya Textile Mills
        Nigeria for providing technical and managerial services for a
        period of five years.  The Nigerian company undertook to set
 up a
        composite textile mill having 23,976 spindles and 174 Sulzer
 1983 - Generating set of 865 KVA was added and order was placed for
        another generating set of 1100 KVA.
      - The Company started providing technical and managerial
        to Gaskiya Textile Mills Ltd., Nigeria from May.
 1987 - The Company took up a modernisation programme to triple the
        production of denim cloth and to produce double yarn fabrics
      - As per the directive of the High Court of Gujarat on 30th
        the cumulative preference shares of the Company were
        and debentures were issued.
      - 5,250-15% preference shares of Rs 100 each were converted
        13% non-convertible redeemable debentures of the face value of
        100 each of the aggregate value of Rs 4.81 lakhs.
      - 15,750-4.5% preference shares (including redeemable
        shares) were converted into 12.5% non-convertible redeemable
        debentures of the face value of Rs 100 each of the aggregate
        value of Rs 13.13 lakhs.
 1988 - The new product groups identified were the Indigo dyed blue
        denim, high quality two-ply fabrics for exports, and special
        products such as butta sarees, full voils and dhoties.
      - During the year, the Company entered the field of
        telecommunication and consumer electronics business.
      - An agreement was entered into with NCL for marketing of the
        EPABX system to be produced by the Company.
      - The Company undertook to further expand the capacity to
        denim at the rate of 60,000 metres per day.  These new
        facilities for this product were formed as an export oriented
        unit under the name ARVIND EXPORTS.
      - The Company proposed to undertake projects: (i) The Video
        Magnetic Tape conforming to VHS standards.  (ii) Manufacture
        artificial leather cloth and coated fabric of premium
        (iii) Manufacture of worsted woollen yarn and suitings, the
        Company obtained a letter of intent for the manufacture of
        (iv) The Company proposed to produce and market, ready made
      - 28,00,000 No. of equity shares issued as rights in June-July,
        (prem. Rs 10 per share Prop. 7:10).  Only 17,53,800 shares
        up.  The balance 10,46,200 shares, along with 2,78,300 shares
        of retainable excess subscription of 2,80,000 shares, were
        allotted privately.  Another 1,40,000 shares offered to
        (prem. Rs 10 per share).  Only 55,700 share taken up.  The
        balance 84,300 shares were allowed to lapse.
 1989 - An agreement was signed with Victor Company of Japan Ltd.
        to get technical assistance and licence for the production
        marketing of video cassettes.
      - With the issue of convertible debentures in August, the
        also issued 5,00,000-14% secured non-convertible debentures
        the face value of Rs 100 each on rights basis in the
 proportion 1
        debenture: 14 No. of equity shares.  Only 1,40,868 debentures
        taken up.  The Balance 3,59,132 debentures were allotted
        privately (2,60,000 debentures to Vijaya Bank, 73,132
        to UCO Bank 50,000 debentures to ICICI and 3,60,000 debentures
        LIC.)  The debentures shall be redeemed at the end of 7 years
        from the date of allotment at a premium of Rs 5 per
      - During August, the Company issued 14,43,750-12.5% secured
        convertible debentures of Rs 120 each of which 5,94,500
        debentures were offered on rights basis in the proportion 1
        debentures: 12 equity shares and 29,725 debentures to
        employees/workers of the Company on an equitable basis.
      - Of the balance 8,19,525 debentures, the following debentures
        reserved for allotment on a preferential basis: (i) 80,000
        debentures to LIC, GIC and UTI, (ii) 1,25,000 debentures to
        (iii) 40,000 debentures to HDFC, (iv) 40,975 debentures to
        employees/workers of the Company and (v) 1,00,000 debentures
        NRIs on repatriation basis.  The remaining 4,33,550
        were issued to the public.
      - The following debentures were allotted: (i) 6,83,675
        as rights to equity shareholders; (ii) 5,90,160 debentures to
        public; (iii) 2,45,000 debentures to financial institutions
        (1,25,000 debentures to ICICI, 80,000 debentures to LIC, GIC
        UTI, and 40,000 debentures to HDFC); (iv) 1,07,190 debentures
        NRIs and (v) 930 debentures to employees of the Company.
      - Rs 40 (Part-A) of the face value of each debenture was
        automatically and compulsorily converted into 2 equity shares
        Rs 10 each at a premium of Rs 10 per share at the end of 6
        from the date of allotment of debentures.
      - The remaining Rs 80 (Part-B) of the face value of each
        was also automatically and compulsorily converted into 2
        shares of Rs 10 each at a premium of Rs 30 per share at the
        of the second year from the date of allotment of the
 1990 - The Electronics Division developed a 8040 EPABX system which
        undergoing prototype checks.
      - After receiving the approvals of the High Court of Gujarat,
        management of the Nagri Mills Co. Ltd. was taken over by the
        Company from October.
      - It was proposed to modernise the existing installed capacity
        36,960 spindle and instal a denim plant to produce denim
        at the rate of 23,000 metres per day.
      - The Asoka Mills, Ltd., a member of the Lalbhai Group, became
        sick unit and a revival scheme was presented to BIFR.  As per
        scheme, the Company consented to act as a new promoter of The
        Asoka Mills, Ltd.
 1991 - The Company proposed to set up a new composite mill with a
        capacity of 25,000 ring spindles, 60 airjet looms and with a
        modern process house to produce, both for the domestic and
        international markets, classical oxfords, gabardines and
      - The Company issued 65,44,384-12.5% secured redeemable partly
        convertible debentures of Rs 140/- each.
      - Out of the issue 62,32,746 debentures were offered on rights
        basis to the existing equity shareholders in the ratio of 6
        debentures for every 10 equity shares held.  Additional
        debentures were allotted to retain oversubscription.
      - The balance 3,11,638 debentures were offered to
        of the Company (all were taken up).  During August, 1894 part
        debenture and 913 part B debentures were forfeited.
      - As per the terms of issue, part-A of Rs 105/- of each
        was to be converted into three equity shares of Rs 10 each at
        premium of Rs 25/- per share at the end of 15 months from the
        date of allotment.
      - The balance amount, i.e. part-B of Rs 35/- of each
        was to be redeemed at par at the end of seventh, eighth and
        nineth year from the date of allotment in three instalments
        Rs 12/-, Rs 12/- and Rs 11/- respectively.
 1992 - The Company increased the production of denim cloth by 23,000
        tonnes per day by modernising the plant located at Khatraj of
        Ankur Textiles.
      - The International Finance Corporation, Washington (IFC)
        the proposal made by the Company for an investment of US $ 18
        million comprising of a loan of US  million and subscription
        42,50,000 No. of equity shares of the Company at a price of Rs
        per share.
      - During October, the Company offered 40,32,976 zero interest
        secured fully convertible debentures of Rs 800 each to its
        shareholders on rights basis in the proportion of 1 debenture:
        equity shares held/all were taken up).
      - Another 2,01,649 debentures were offered to the employees on
        equitable basis (all were taken up).  11,718 debentures were
      - Part A of Rs 260 of each debenture will be converted into 4
        equity shares of Rs 10 each at a premium of Rs 55 per share
        1st April, 1993.  Accordingly 168,91,628 No. of equity shares
        allotted.  Part B of Rs 540 of each debenture will be
        into 6 equity shares of Rs 10 each at a premium of Rs 80 per
        share on 1st April, 1994.
 1993 - The Company proposed to expand the denim manufacturing
        by 85,00,00 metres per annum.  The Company also proposed to
        up a new composite mill for producing annually 120 lakh metres
        high quality shirting fabrics to be marketed in the domestic
        well as international markets.
      - The Company entered into an agreement with Lanffenmuhle of
        Germany, for acquiring technical knowhow to manufacture high
        quality denim.
      - During September, the Company issued 4,03,298 zero interest
        secured fully convertible debentures of Rs 950 each to
        bodies, etc. on private placement basis.
      - Part-A of Rs 320 of each debenture will be converted into 4
        equity shares of Rs 10 each at a premium of Rs 70 per share
        1.4.1994.  Part-B of Rs 630 of each debenture will be
        into 6 equity shares of Rs 10 each at a premium of Rs 95 per
        share on 28.2.1995.
      - The Company issued 1,27,81,186 No. of equity shares of Rs 10
        at price per share of US $ 9.78 equivalent to Rs 305.33 in
        form of GDR in the international market aggregating upto US
 1994 - The Company's operations were divided into 3 units viz.,
        Division, telecom division and garments division.  The
        Division undertook to upgrade its products international
        The telecom division developed an innovative commercial offer
        marketing its C-DO RAX equipment.  The Garment Division
        jeans under the brand name `Flying Machine'.  The Garment
        division proposed to market its jeans under the brand name
        `Newport' in North India.
      - The Company, Arvind Products Ltd. and Essar Investments Ltd.
        jointly presented to BIFR arrangement for amalgamation of
        Ahmedabad Manufacturing Calico Pringing Co. Ltd., (Calico &
        Ltd. a wholly owned subsidiary of Calico Ltd.) with Arvind
 1995 - The performance of textile division was significantly
        due to an unprecedented rise in cost of cotton.
      - Garment division launched ready to stitch jeans pack under
        brand `Ruf & Tuf'.
      - The company proposed to expand denim fabric capacity from 800
        lakh meters to 1200 lakh meters per annum.  Also proposed to
        establish a project to manufacture 3600 tonnes per annum
        fabrics in technical collaboration with `Alamac' a division
        West Point Stevens, Inc., U.S.A.
      - By the order of BIFR dated 23rd June, the scheme of
        of Asoka Mills Ltd. with the Company was sanctioned effective
        April 1994.
      - As per the scheme of amalgamation, the Company was to issue
        3,68,284 No. of equity shares of Rs 10 each to erstwhile
        shareholders Asoka Mills Ltd. (AML) in proportion 1:3 for the
        shares held in AML.
 1996 - The Company prepared a scheme of arrangement with the
        of Nagri Mills Co., Ltd. with a view to revive and
        the unit of that company and to take over its management and
        control by investments in its share capital.
      - Rohit Mills Ltd. was merged with the Company under a scheme
        approved by BIFR.  Directors are also considering the proposal
        merge Arvind Intex Ltd. (AIL) engaged in the cotton spinning
        activities with the company.
      - Arvind Clothing Ltd., Arvind Fashions Ltd., Asman Investments
        Ltd., Arvind Products Ltd., Admirial Investments Ltd.,
        Industries Ltd., Arvind Worldwide Inc., Arvind Worldwide (M)
        Inc., Arvind Overseas (M) Ltd., Big Mill Laufenmuhle GmbH are
        subsidiaries of the Company.
      - The Company undertook to set up Arvind Cotspin Ltd., an
        oriented unit for manufacture of high quality cotton yarn, at
        Kolhapur, Maharashtra.  The plant was to be equipped with the
        state-of-the-art machinery manufactured by Rieters of
        and Lakshmi-Reiters in India.
      - 6,91,510 shares issued to the members of Rohit Mills Ltd., on
        merger with the Company.
 1997 - The marketing and distribution network of Newport brand was
        strenthened and the relaunched `Flying Machine/Ruggers' brand
        were strengthened.
      - The Company reported a fire in the goods godown & folding
        department in Naroda road unit of the company.
      - 38,50,000 redeemable pref. shares allotted on private
        basis to institutional investors.
      - Arvind Mills Ltd. has set up the anti-piracy cell for the
        time in India to curb large scale counterfeiting of their
        successful brands Ruf and Tuf and New Port jeans.
      - Arvind Mills Ltd, which has a exclusive technical
        with Virkler of US, is all set to revolutionalise the denim
        market, with the introduction of Speed Wash technology.  The
        company is also in the process of launching Speed Wash denim
        Mumbai and Delhi.
      - Arvind Mills Ltd. has adopted the franchisee system for the
        manufacture and distribution of Ruf and Tuf jeans.
      - India's largest denim manufacturer, Arvind Mills Ltd, on
        21.8.97 ruled out plans to merge with Arvind Polycot, another
        unit of the parent Lalbhai Group of companies.
      - Arvind Fashions Ltd., a 100 per cent subsidiary of Arvind
        Mills, which has set up a state-of-the-art manufacturing
        facility in Bangalore to produce Lee jeans, is doubling its
        capacity to one million pairs from five lakh pairs annually
        beginning mid next year.
      - Wrinkle-free or No-Iron Cotton (NIC) shirts in 100 per cent
        cotton will be launched by Arvind under the Arrow brand.
      - Arvind Mills is setting up a new textile facility for the
        manufacture of shirting, knit fabric and cotton bottom-weight
        fabric with an investment of 0 million.
      - WestPoint Stevens Inc. and Arvind Mills of Ahmedabad, India,
        have entered into an agreement where the former will provide
        the latter with technical assistance and marketing expertise.
      - The garment business division of Arvind Mills launched
        casualwear and `New port' gaberdine jeans.
      - The 26 MW captive power project set up by Arvind Mills
        has run into problems with the environmental committee set up
        by the Gujarat government.
      - The rating assigned to the bonds programme of Gujarat
        Investment Corporation Ltd. (GIIC) has been downgraded from A
        BBB- by the Credit Rating Information Services Of India Ltd.
      - Crisil has also downgraded the fixed deposit (FD) programme
        GKW Ltd. from FB to FC and the non-convertible debenture
        and commercial paper programme of Arvind Mills Ltd to BBB+
        P2 from AA- and P1+, respectively.
      - The company has entered into a technical collaboration with
        Alamac Knits Inc, a subsidiary of West Point Stevens of USA,
        the knits unit.
 1998 - Arvind Mills, established in 1931 as a textile company, has
        emerged as the world's third largest manufacturer of denim.
      - Production of denim fabric at one of the units located at
        Arvind Mills Naroda Road factory at Ahmedabad, which was
        affected by a fire on January 27, has been restored to its
        normal capacity.
      - Arvind Mills Ltd. will be launching youth and kids range of
        garments in Lee and kids range in Ruggers this calendar year.
      - Arvind Mills, the leading textile manufacturing company of
        country and the third largest Denim producer in the world,
        live with SAP R/3 in April 1998 in their new manufacturing
        in just 7 months.
      - The company has two brands in its wholly owned subsidiaries
        (premium segment shirt brand) and Lee (premium segment jeans
 1999 - Textiles major Arvind Mills is spinning off its textile
        and garments business into a separate company and is looking
        for private equity investors to take a significant stake in
        garment company.
      - The US-based Clue Peabody & Company, the owners of Arrow
        have extended the Arrow trademark agreement for another five
        years with Arvind Clothing Ltd, part of the Arvind Mills Ltd.
      - The company has been experiencing extremely encouraging
        for the Arrow and Lee brands, while the threat from the
        unorganised sector continues to dog the popular segment
        Newport and Ruf & Tuf.
      - Arvind Mills has set a two-month deadline for hiving off its
        garments division into a separate company and sale of its
        estate in Delhi.
 2000 - Crisil has downgraded the debenture issues of Arvind Mills
 Ltd. indicating
              that the instruments were in default.
          - Arvind Cloth Ltd, a wholly-owned subsidiary of Arvind
 Mills Ltd, has launched
             special shirts to mark the 150th international
 anniversary celebration of the
             `Arrow' brand.
 2001 -  Arvind Mills which defaulted on a 5 million floating rate
 note issue, has put forward a debt restructuring                     
     proposal that could significantly reduce its debt burden and
 sharply improve its financial health.
          - Shareholders of Arvind Mills has approved the firm's
 proposal to come out with a rights issue of equity             shares
 worth Rs 75.41 crore as well as the issue of warrants to lenders. 
            - Dupont India Ltd has chosen Arvind Mills Ltd (AML) as an
 accredited mill for its Lycra Assured                                 
           - Arvind Mills has posted a net loss of Rs 44.59 crore for
 the quarter ended September 30, 2001.
 -Arvind Mills Ltd has informed BSE that Mr. Balaji Swaminathan of
 ICICI Bank Ltd., and Mr. S. Sridhar of Export-Import Bank of India
 (EXIM) has been appointed as a Nominee Directors on company's Board.
 -Arvind Mills Ltd has informed BSE that at the board meeting of the
 company held on November 20, 2002, the following changes in the
 Company's Board of Directors have been considered.
 1. The following directors have resigned
 Dr Prabodh M Desai
 Mr J C Shah
 Mr Shailen H Desai
 Mr J P Shah
 Mr V L Mote
 Mr Naishadh I Parikh
 2. The following have been appointed as Directors on the Board of
 Mr Jayesh K Shah
 Mr Deepak M Satwalekar
 Mrs Rama Bijapurkar
 Mr Jaitirth Rao
 3. Mr Arvind N Lalbhai, Chairman and Managing Director of the company
 has resigned from the position of Managing Director but will continue
 as Director and Chairman of the Board of Directors of the Company.
 4. Mr Jayesh K Shah has been appointed as a Wholetime Director on the
 Board of Directors of the company with his designation as Director and
 Chief Financial Officer.
 -For the fourth quarter, Arvind Mills has witnessed  280% growth in
 the net profit to Rs.38crs 
 as against Rs.10cr for the corresponding period last year.
 -Arvind Mills Ltd has been assigned a 'P1+' rating by Crisil, which
 indicates a very strong 
 rating for their commercial paper.
 -The Union Government refused to grant tax concession applicable
 under Indo-Mauritius
 Double Tax Avoidance Agreement to the Arvind Mill's plan to form JV
 with Ganesh Ltd.
 -ICICI Bank, one the warrant holder of Arvind Mills have executed its
 entitlement of its conversion
 of its warrants into its equity shares.
 -Arvind Mills Ltd informed its members that trading in Secured
 Redeemable Non convertible
 Triple plus debentures of Rs.1000 each series N3 has been suspended.
 -Mr.Ramnik V Bhimani, Company Secretary has been appointed as the
 Compliance Officer 
 of Arvind Mills Ltd.
 -ICICI Emerging Sector, the private equity arm of ICICI Bank, has
 acquired a 54 per cent stake in the Bangalore-based Arvind Brands,
 the apparel arm of the Sanjay Lalbhai-promoted Arvind Mills, 
 -Arvind Mills Ltd has informed that they have acquired 12,61,233
 shares amounting to 1.56% of the total paid up capital of Arvind
 Products Limited.
 -Delist from Delhi Stock Exchange (DSE) with effect from September 2,
 -Arvind Mills Ltd has appointed Mr. G M Yadwadkar, General Manager,
 IDBI, Ahmedabad as their Nominee Director on the Board of the Company
 in place of Mr. V K Pandit w.e.f. October 25, 2007.
 -Arvind Mills Ltd has informed that the name of the Company has been
 changed from The
 Arvind Mills Ltd to Arvind Ltd and a fresh Certificate of
 Incorporation has been issued by The Registrar of Companies, Gujarat,
 -Members of are hereby informed that the name of Arvind Mills Ltd
 shall be changed to Arvind Limited and the trading symbol of the
 Company be changed from ARVINDMILL to ARVIND w.e.f. July 07, 2008.
 - Arvind Ltd has appointed Dr. Bakul H. Dholakia as an Additional
 Director on the Board of the Company.
 -Arvind Mills in tie-up with Birla Cellulose
 - Arvind Mill - Tata Housing partners with Arvind Ltd
 -Arvind Mill - Tommy Hilfiger Seeks to Accelerate India Expansion
 through Acquisition of Direct Interest in India Business
 -Arvind Mills inks Joint Venture with PD Fiber Glass
 -Arvind Mill - Arvind Acquires Debenhams, Nautica and Next Business
 in India.
 -Arvind Mill - Arvind to bring iconic Surfwear Brand Billabong to
 -Arvind Lifestyle Brands Ltd enters into Licensing Agreement with
 Reliance Brands & Iconix Brand Group JV for Ed  Hardy Brand in
 -Arvind Enters Agreement for Licenses of Hanes and Wonderbra
 Trademarks in India and acquires Hanes Brands India Operations.
 -Arvind announces tie up with The Children's Place, America largest
 children's specialty retailer.
 -Arvind Ltd Joins Indian Joint Venture with PVH Corp. for Operation
 of Calvin Klein Businesses in India.
 -Arvind Ltd forays into E-commerce with custom clothing brand
 -Arvind ties up with Gap to bring Iconic American Retailer to India.
 -Arvind Goodhill Suit Manufacturing launches formal suits.
 -Arvind Ltd which is the largest cotton textiles manufacturer and
 exporter in India announced that it has opened its flagship The
 Arvind Store in Vadodara with an aim to expand its retail network.
 -Arvind marks its entry into the beauty and cosmetics segment:
 Partnership with world's leading beauty retailer Sephora
 -Arvind receives national energy conservation award
 -Arvind Limited has launched India's first True Omni Channel
 Experience - NNNow.com.
 -Arvind signs MoU with KVIC for khadi certification.
 -Arvind Ltd signs MoU the Gujarat government to set up a mega apparel
 park with an investment of Rs 300-crore in Dahegam in Ahmedabad
स्रोत: रेलीगरे टेचनोवा

न्यूज़ फ़्लैश

  • BREAKING NEWS LOWER : देश में अब तक 45,24,317 कोरोना टेस्ट हुए
  • BREAKING NEWS LOWER : देश में कोरोना के मामले बढ़कर 2,36,650
  • BREAKING NEWS LOWER : देश में कोरोना के कुल 1,15,942 एक्टिव मामले
  • BREAKING NEWS LOWER : अब तक 1,14,072 कोरोना मरीज ठीक हुए
  • BREAKING NEWS LOWER : देश में कोरोना से अब तक 6642 लोगों की मौत
  • BREAKING NEWS LOWER : पिछले 24घंटे में कोरोना के 9887 नए मामले मिले
  • BREAKING NEWS LOWER : पिछले 24 घंटे में कोरोना के 4611 मरीज ठीक हुए
  • BREAKING NEWS LOWER : पिछले 24 घंटे में कोरोना से 294 लोगों की मौत

अभी देखें




(August 06, 2018)

AT (Rs)






Super Combo

Powerful mix of both trader and investor packs with timely expert advice.


Designed especially for traders looking to tap the profit opportunities of volatile markets.


For all investors looking to unearth stocks that are poised to move.