you are here:

Mohota Industries Ltd.

BSE: 530047 | NSE: MOHOTAIND | Series: NA | ISIN: INE313D01013 | SECTOR: Textiles - Composite Mills

BSE Live

Nov 29, 16:00
7.15 0.00 (0.00%)
Volume
AVERAGE VOLUME
5-Day
11,928
10-Day
13,279
30-Day
12,393
2,153
  • Prev. Close

    7.15

  • Open Price

    7.15

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    7.40 (2000)

NSE Live

Nov 29, 15:31
7.15 0.00 (0.00%)
Volume
AVERAGE VOLUME
5-Day
31,730
10-Day
34,838
30-Day
43,080
47,361
  • Prev. Close

    7.15

  • Open Price

    7.15

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    0.00 (0)

Annual Report

For Year :
2018 2016 2015 1997

Chairman's Speech

Dear Shareholder, It is my privilege to greet you on the occasion of the 50th Annual General Meeting of your Company. This year is of special significance to us. We are celebrating the centenary as well as Golden Jubilee year of our Mill and Company respectively. In the year 1898, our great founder Shri Rekhchandji Mohota started this Mill with handful of machines and man. Today ours is a modernised Mill having capacity of 54500 Spindles, 376 looms and fully equipped process house having capacity of processing 24 Million metres of Cloth per annum. Over the years we as a Company never hesitated to respond to the requirements of our Customers, perform according to their expectations and thus grow, as world itself grew at an amazing rate to become one of the leading and well performing composite textile mill of India. Our growth in first five decades was modest because of our proprietary status which was converted into private limited Company on 10th of October, 1946. Thereafter the pace of growth speed up gradually. It was from 1985 onwards that growth rate accelerated and in the year 1995 your company came out with its maiden public issue and became a listed company. In this period of consolidation, we have gradually modernised our operations and effected cost control measures resulting in enhanced productivity & profitability. Now, if we look retrospectively, one thing strikes our mind immediately as to how we could manage to survive for all these 100 years? The more I think about it, the more I am convinced that the secret of your company's success is the fact that we are driven differently. We are different because it is an article of Corporate faith for us that our most precious assets do not figure in our balance sheet at all. They are our people. We are different because it is a matter of deep conviction for us that the spirit to strive, to seek, to win and not to yield is more important than incidental cost advantages. We are different because we are inspired to strive from within. Our Core Competitiveness inheres in our people. No business thrives on ideas and technology alone. This is only accomplished by people with vision and dedication. Our centenary is an appropriate occasion to acknowledge this fact and extend our warm thanks to all our people. Again, we at Mohota Mill have strived to do so by an elaborate exercise in planning, participation and motivation - the Mission. It consists of detailing our annual targets, defining means of achieving them and eventually allocating responsibilities for the same. The Mission is launched every year, with every member taking an Oath to work towards meeting his objectives. This is our 100th year and we are aiming for next, but in the changing scenario of a liberalized and globalised Indian economy, the opportunities and challenges before us are very different. And it is only through flexibility and adaptability that we can effectively deal with the process of managing change. This implies entrepreneurial managerial practices on one hand and visionary commitment to implement them on the other, which we are following. Another cornerstone of our corporate philosophy is the development and continuation of quality system and we are aggressively following the path towards TQM (Total Quality Management). Moreover we feel, harnessing synergies in all our areas of operation, is the foundation on which our future success rests. After all, the whole is greater than the sum of its parts. Now, in the last I would like to inform all of you that your company has produced the best results as of date. But thankfully, we are not satisfied. Or content. We consider our success so far as merely the springboard to spur us to greater achievements in the future. We are raring to go further and look upon our second century confidently.