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0.06 (1.61%)
0.05 (1.33%) | Company History - SEL Manufacturing Company | |
Our Company was incorporated on May 8, 2000. It is a part of the R S
Saluja
Group of Companies set up by Mr. Ram Saran Saluja. The R S Saluja
Group has
been in existence for more than 35 years, having facilities for
manufacture of yarns,
fabrics, garments in addition to our manufacturing facilities we also
have in-house
facilities for garment design and development among others. As of
now, the
R S Saluja Group is mainly engaged in the activities of manufacture
of yarns for
domestic and export sale, knitting & dyeing of fabric partially for
domestic sale &
rest for captive consumption and manufacture and export of ready made
garments.
Change of Status and Registered Office
Our registered office was shifted from Rahon Road, Opposite Octroi
Post, Ludhiana
to 706, Industrial Area A, Ludhiana E - 106, with effect from June
20, 2001 by a
resolution of our Board.
We were initially incorporated under the name Saluja Exim Limited as
a public limited
company on May 8, 2000 and received our certificate of commencement
of business
on June 2, 2000. The name of our Company was changed to SEL
Manufacturing
Company Limited by a special resolution of the members passed at an
extraordinary
general meeting held on June 27, 2003. The fresh certificate of
incorporation consequent
on change of name was granted to our Company on July 21, 2003, by the
Registrar of
Companies, Punjab, Himachal Pradesh and Chandigarh at Jalandhar
(RoC).
The name of our Company again changed to Saluja Exim Limited by a
special resolution
of the members passed at an extraordinary general meeting held on
November 10, 2003.
The fresh certificate of incorporation consequent on change of name
was granted to
our Company on November 14, 2003, by the RoC.
The name of our Company was once again changed to SEL Manufacturing
Company
Limited by a special resolution of the members passed at an
extraordinary general meeting
held on January 31, 2004. The fresh certificate of incorporation
consequent on change of
name was granted to our Company on February 9, 2004, by the RoC.
The status of our Company was changed to a private limited company by
a special
resolution of the members passed at an extraordinary general meeting
held on March
15, 2004. The fresh certificate of incorporation consequent on change
of name was
granted to our Company on March 31,2004 by the RoC. The status of our
Company
was subsequently changed to a public limited company by a special
resolution of the
members passed at an extraordinary general meeting held on March 14,
2006. The fresh
certificate of incorporation consequent on change of name was granted
to our Company
on March 16, 2006 by the RoC.
Major events
2000
-Incorporation of our Company on May 8, 2000 under the name of
'Saluja Exim Limited' Change of name to 'SEL Manufacturing Company
Limited' w.e.f. July 21, 2003 2003 Change of name to 'Saluja Exim
Limited' w.e.f. November 14, 2003
2004
-Change of name to 'SEL Manufacturing Company Limited' w.e.f.
February 9, 2004
-Conversion of our Company from 'public company' to 'private
company'.
2005
-Our Company became a partner in M/s S E Exports w.e.f April 1, 2005
-Beginning of vertical integration with the setting up of first yarn
spinning unit at Neelon, District Ludhiana, Punjab.
2006
-Amalgamation of SPPL & SFL with our Company w.e.f April 1, 2004 vide
court order dated February 23, 2006
-Conversion of our Company from 'private company' to 'public
company'.
-Acquisition of 100% EOU spinning unit of Saluja Cotex Private
Limited.
-Acquisition of assets & property of Mangla Cotex Limited through
bidding process from official liquidator vide order dated March 23,
2006 passed by the Hon'ble High Court of Punjab & Haryana at
Chandigarh
2007
-SEL Manufacturing acquires 99% stake in firm Kudu Industries.
-Setting-up of second yarn spinning facility at Rahon, District
Nawanshahr, Punjab
2008
-SEL Manufacturing Company Ltd has acquired the Manufacturing
facilities of Preet Hosiery Exports Ltd, Ludhiana.
-The Company acquired one Yarn and Fabric Dyeing unit and one Garment
manufacturing unit, both located in Ludhiana.
-The Comapny took a step towards forward integration with the
establishment of first Terry Towel unit at Rahon, District
Nawanshahr, Punjab.
2009
-The Company has acquired a majority stake in SEL Textiles Pvt Ltd,
thereby making it a subsidiary.
-The Company acquired two spinning units located at Neemrana,
District Alwar, Rajasthan and Hansi, District Hisar, Haryana.
-SEL Manufacturing Company Limited issued GDRs which were listed at
Luxembourg Stock Exchange.
2010
-Open-End yarns added in the yarn spinning portfolio.
-Setting-up of first bio-mass based captive power generation plant at
Rahon, District Nawanshahr, Punjab.
-Setting-up of second Terry Towel unit at Rahon, thereby increasing
the capacity levels to 45 TPD.
2011
-Setting-up of India’s largest spinning unit at a single location,
located at Mehatwara, District Sehore, Madhya Pradesh.
-Acquired another Garment manufacturing unit in Ludhiana.
-Went live with one of the fastest ERP implementations in the
industry.
-SEL ranked amongst the top 400 mid-cap companies in India by Dalal
Street Limited.
-The Company laid the foundation stone for state-of-the-art
Greenfield Mega Integrated Textile Park at Village Panjava, Tehsil
Malout, District Muktsar in Punjab.
2012
-Setting-up of the second bio-mass based captive power generation
plant at Rahon, District Nawanshahr, Punjab.
-Doubling of capacities of the spinning units at Neemrana, Rajasthan
and Hansi, Haryana.
-SEL ranked 16th as per total income in the textiles sector in the
Dun & Bradstreet’s India’s Top 500 Companies 2011
-SEL conferred the status of a Trading House by the Office of the
Joint Director General of Foreign Trade, Ministry of Commerce &
Industry, Government of India.
-SEL ranked as the 10th largest in analysis of the Europe’s top 100
Yarn & Thread Suppliers conducted by Plimsoll.
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| Source : Dion Global Solutions Limited | |
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