Company History - First Winner Industries
Our Company was incorporated on January 22, 2003 under the Companies
Act, 1956 as Firstwinner Trading Private Limited. Our Company was
promoted by Mr. Vijay Dargar and Mr. Sanjay Gupta on January 22,
Their shareholding was purchased by Mr. Rinku Patodia, Mr. Sachin K.
Ms. Hetal S. Jadhav and their friends on January 24, 2003. Mr. Vijay
and Mr. Sanjay Gupta resigned from the Directorship on January 24,
and in their place Mr. Sachin K. Jadhav and Ms. Hetal S. Jadhav had
appointed as Directors. Mr. Rinku Patodia appointed as Director on
4, 2003 and then Mr. Sachin K. Jadhav resigned on September 5, 2003.
The name of our Company has been changed to First Winner Industries
Limited, and further to First Winner Industries Limited. We started
with the objective to supply the textile fabrics to wholesalers and
garment manufacturers. Initially, we started trading in the textile
fabrics and now
with a view to have our own manufacturing facilities, we have set up
weaving unit during 2006-07 by installing 100 looms. The
are located at MIDC, Tarapur, District Thane, Maharashtra. The unit
installed capacity to manufacture 108 lakh meter grey fabrics per
commenced commercial production w.e.f. March 19, 2007. We are
job works for fabric and garment manufacturers. The income from job
constituted 0.07% and 6.01% of total income during 2006-07 and for
quarter ended June 30, 2007.
We have two subsidiaries viz. Ramshyam Textile Industries Limited and
Exports Private Limited which are engaged in the same business.
Textile Industries Limited commenced its operations of weaving from
1, 2006 and became our subsidiary on April 1, 2007. Ramshyam Textile
Limited is having 48 looms with total installed capacity of 42.24
lakh meter fabrics
per annum. Realgold Exports Private Limited, which was incorporated
12, 2002 also became our subsidiary on April 1, 2007 and is having
with 48 looms and total installed capacity of 62 lakh meters per
expected to commence its commercial production by November, 2007.
subsidiaries are having manufacturing facilities at MIDC Tarapur,
Maharashtra. For details, please refer to paragraph Our Subsidiaries
on page number 76 of this Draft Red Herring Prospectus.
Major events in the History of Our Company:
A chronology of key events in our corporate history is set out
Year Key Events
2003 Incorporation of Company
2003 Started trading of Textile fabrics
2006 Change of Name to First Winner Industries Private Limited
2006 Conversion of private limited company into public limited
2007 Establishment of Factory at MIDC, Tarapur for manufacturing of
a capacity of
108 lakh meters per annum and commencement of production in March,
2007 Ramshyam Textile Industries Limited became Subsidiary of our
2007 Realgold Exports Private Limited became Subsidiary of our
-E-mail ID for Investors Complaints:firstname.lastname@example.org.
-The Board recommends a dividend of 5%.
-Board of Directors of the Company has unanimously approved the
appointment of Mr. Binod Kumar Tiwari as an Independent Non-Executive
Director of the Company.