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SEL Manufacturing Company > Company History > Textiles - General > Company History of SEL Manufacturing Company - BSE: 532886, NSE: SELMCL
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SEL Manufacturing Company
BSE: 532886|NSE: SELMCL|ISIN: INE105I01012|SECTOR: Textiles - General
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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. 
 
 
 
 
 
 
 
 
 
 
Source : Dion Global Solutions Limited
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