The Company was incorporated on July 26, 1989 as Gangotri 
 Textiles Private Limited. The Company was converted into a 
 public limited company on January 1, 1993 and received a fresh 
 certificate of incorporation consequent to the change of name to 
 Gangotri Textiles Limited dated January 1, 1993. 
 
 Shri Manoj Kumar Tibrewal, Managing Director of the Company 
 along with Shri Mohanlal Tibrewal, his brother, and Shri Ramesh 
 Kumar Tibrewal, his cousin brother, have promoted the Company.
 
 Gangotri’s Mission
 
 The Company considers itself as an instrument in serving society 
 through industry. The Company believes that the following are the 
 means by which it can achieve this.
 
 .. Meeting the growing needs of the customer in a changing 
 competitive world.
 
 .. Delivering total customer satisfaction by ensuring quality goods 
 and services cost –effectively.
 
 .. Providing a satisfactory return on equity investment through 
 profitable growth in a sustained manner.
 
 .. Fulfilling career aspirations and economic needs of the
 employees.
 
 .. Maintaining cordial and ethical relationship with each and
 everyone 
 associated with the Company.
 
 .. Fulfilling national and social priorities.
 
 HISTORY AND MAJOR EVENTS
 
 Gangotri Textiles Ltd. (GTL) is an existing listed textile company
 engaged 
 the business of manufacturing textiles by way of open-ended (OE)
 spinning, 
 ring spinning and garment manufacturing.
 
 GTL was promoted by the Shri. Manoj Kumar Tibrewal, who started his 
 business as waste-cotton re-cycler and trader in the late 1980s in
 Kolkata. 
 Subsequently, in July 1989, he promoted GTL as a private limited
 company.
 
 Later, GTL was converted into a public limited company in January
 1993. 
 The first project undertaken by GTL was to set up 4 open end spinning
 
 machines at Palladam Taluk in Coimbatore (Unit I) at an investment of
 Rs.4.76
 Crores. GTL’s Unit I became operational in August 1993. In July 1994,
 GTL 
 made a public issue of equity shares at par for an amount of Rs.2.10
 crores to 
 part-fund the expansion of Unit I.
 
 The second expansion came with the setting up of Sri Dwarka Textiles
 (Unit II) 
 at Avinashi Taluk, Coimbatore, which started commercial production in
 March 
 1995.
 
 During the period 1997-98, GTL purchased an existing open end
 spinning sick 
 unit at Kolhapur, Maharashtra (Unit III) and managed to make it a
 viable profitable 
 unit. In March 2000, GTL acquired a 7 years old 16,800 spindle
 ring-spinning sick 
 unit (Palani Andavar Cotton & Synthetics Ltd.) located in Udumalpet,
 and also 
 managed to make it a viable a profitable unit. Later in FY2002, a
 modernization 
 program was taken up at the above unit. Post modernization, the unit
 is working 
 at full capacity from FY2003.
 
 In the year 2000, GTL had ventured into the ready-made-garments (RMG)
 market 
 through its division - Gangotri Apparels, by launching its Tibre
 brand of cotton 
 trousers in Coimbatore. GTL has slowly increased the geographical
 coverage for 
 marketing its trousers and presently the “Tibre” brand is present in
 the following 
 cities and small towns of the country.
 
 Gangotri had a 100% subsidiary by the name of Gangotri Textile
 Processor Limited 
 (GTPL), which was incorporated in the year 1999. In the year 2001,
 the merger of 
 the two companies was proposed by their Board of Directors and was to
 be given 
 effect in accordance with the appropriate provisions of the Companies
 Act, 1956.
 
 The Scheme has been passed under Section 395 of the Companies Act
 through 
 a special resolution passed at the EGM and GTPL was amalgamated with
 its 
 parent company, Gangotri, with effect from April 1, 2001. While the
 appropriate 
 provisions of the Companies Act, 1956 governing the above arrangment
 would 
 be Sections 391 – 394, the Company has completed the said arrangement
 under 
 the provisions of Section 395 of the Companies Act, 1956.
 
 Subsequently the Company received a letter No. JP/F-35A/C/8952 dated
 April 1, 
 2002 from RoC requiring the Company to intimate the RoC about the
 completion 
 of the process and to put up a proposal to have the company's (GTPL)
 name 
 struck off under Section 560 of the Companies Act. Accordingly, GTPL
 made an 
 application (vide letter No. GTPL/2002/1240 dated April 12, 2002)
 under Section 
 560 of the Companies Act to strikeout or deregister its name from the
 register of 
 companies maintained by the ROC.
 
 ROC has by a letter dated January 23, 2006 informed GTPL about its
 intention to 
 strikeout or de-register GTPL's name from the register of companies
 under 
 sub-section 3 of section 560 of the Companies Act on the expiry of 3
 (three) months 
 from the date of the letter resulting in its dissolution without any
 further act or deed.
 
 MILESTONES ACHIEVED BY THE COMPANY
 
 Year    Milestones
 
 1989   Gangotri Textiles Limited was incorporated on July 26, 1989 as
 a private 
            limited company
 1992   Converted into a public limited company
 1993   Unit I commenced production with 4 O.E frames
 1994   Initial Public Offering of GTL involving 21,00,000 Equity
 shares of 
            Rs.10/- each
 1994   Unit I expanded with 2 more O.E. Frames
 1995   Unit II commenced its production with 7 O.E Frames
 1997   Took over sick unit viz., M/s. Arihant Spinning Mills –
 Kolhaphur District, 
            Maharastra and managed to make a viable profitable unit.
 1998   Unit III expanded with 3 more O.E Frames
 2000   Launched TIBRE brand trousers at Bangalore and other cities.
 2000   Took over a sick unit viz. Palani Andavar Cotton & Synthetic
 Ltd. at 
            Udumalpet - Dindugal District, Tamil Nadu and made it one
 of its units. 
            GTL successfully turned around this unit into a viable
 profit making unit 
            (Unit - IV)
 2000   Expanded Unit II with 3 more O.E Frames
 2001   Processing Unit V for garments at Perundurai –SIPCOT Complex
 2002   Modernisation scheme implemented in Unit – IV
 2003   Awarded ISO 9001:2000 quality certification for Unit I & II
 2004   Installed a captive power generation plant at Unit IV
 
 2005
 
 - Two Wind Mills of 1.65 M.W each installed at Udamalpet for captive
 consumption of power.
 
 - Established cotton waste recycling unit (Unit VII) at Coimbatore
 
 -Gangotri Textile has given the Bonus in the Ratio of 1:1
 
 -Company has splits its Face value of Shares from Rs 10 to Rs 5
 
 2009
 
 --Registered Office of the Company has been shifted from 473 / 2
 P.K.D. Nagar, Peelamedu, Coimbatore - 641 004 to Old No 42, New No
 35, Robertson Road, R.S Puram, Coimbatore - 641 002 .