GB Global Ltd.

Our Company was incorporated on July 25, 1984 at Mumbai in the State
 of Maharashtra as Mandhana Textile Mills Private Limited
 under the Companies Act, 1956, with registration number 11-33553 of
 1984.
 
 With effect from July 1, 1993, our Company was converted into a
 deemed public limited company under Section 43A of the
 Companies Act, 1956, whereby the word Private was deleted from the
 name of our Company.
 
 On April 18, 1995 the name of our Company was changed from Mandhana
 Textile Mills Limited to Mandhana Industries
 Limited.
 
 On March 27, 2002, pursuant to Section 43A (2A) of the Companies Act,
 1956, our Company was converted from a deemed public
 limited company to a private limited company and our Company’s name
 was changed to Mandhana Industries Private Limited.
 On May 15, 2007, our Company was converted into a public limited
 company whereby the word Private was deleted from the name
 of our Company. Further, a Corporate Identification Number
 U17120MH1984PLC033553 was allotted to our Company.
 
 The evolution of our Company can be traced through the following
 phases:
 
 I: Expansion into major categories of textiles business
 
 Though our Company’s operations started in the year 1984 through
 textile trading, our processing activities commenced in the year
 1994, with setting up of a plant at Tarapur for processing and
 printing of fabrics called as Mandhana Dyeing Unit.
 
 In 1998, pursuant to our venture into fabrics processing, we decided
 to expand our horizons by penetrating the international garments
 market and thereby began our export operations to the European
 market. At present, we export garments on a global scale to
 international garment markets.
 
 With effect from February 10, 1999 the Registered Office of our
 Company was changed from C-12, Sarvodaya Nagar, 1st Panjrapole
 Road, Mumbai - 400002 to 137, Kewal Industrial Estate, Senapati Bapat
 Marg, Lower Parel, Mumbai - 400013.
 
 Further, in 2002, in order to meet our internal requirements and
 thereby simultaneously reduce our costs, our Company set up a
 Weaving House at Tarapur for production of greige fabrics, called as
 Mandhana Weaving House Unit.
 
 With effect from May 3, 2003 the Registered Office of our Company was
 changed from 137, Kewal Industrial Estate, Senapati Bapat
 Marg, Lower Parel, Mumbai - 400 013 to 154/155, Kewal Industrial
 Estate, Senapati Bapat Marg, Lower Parel, Mumbai -400 013.
 
 Further, in 2003, we set up a sales office in Delhi so as to
 facilitate our market expansion into the northern region of India.
 
 II: Scaling up of operations to become internationally competitive
 
 In 2004, in order to meet our global garment demand, we established a
 modernised garment manufacturing unit called as Mandhana
 Industries Export Division (Bangalore Unit) at Bangalore. The
 garments manufactured therein cater to our international demand,
 thereby meeting the specified international criteria of our various
 international customers. Further, in 2004, we set up a sales office
 in
 Chennai so as to facilitate our market expansion into the southern
 region of India.
 
 In 2005, we set up a new modernised unit called as Mandhana Weaving
 House (Shirting Division) at Tarapur which is engaged in
 manufacturing various fabrics including cotton, polyester etc. as
 well as engaging in the process of yarn dyeing. Further, with the
 intention of attaining a global image and strengthening our foothold
 therein, we set up a liaison office at Paris called as Mandhana
 Europe.
 
 On May 11, 2005, the Registered Office of our Company was changed
 from 154/155, Kewal Industrial Estate, Senapati Bapat Marg,
 Lower Parel, Mumbai - 400 013 to 205/214, Peninsula Centre, Dr. S. S.
 Rao Road, Off Dr. Ambedkar Road, Parel (East), Mumbai
 400012.
 
 III: Becoming end to end player in textile and garment market
 
 Our further expansion into processing, weaving and garmenting further
 enhanced our capacity thereby enabling us to cater to a greater
 number of customers both domestically and in the export markets. Our
 focus on quality, designing and sampling inputs and lower
 turnaround time has made us the vendor of choice for many customers.
 
 Our focus on mid to high-end segments has helped us in maintaining
 our margins. The current expansion of facilities would
 complement our presence in the textile and garment value chain
 starting from yarn dyeing to selling our garments through our
 overseas offices.
 
 In the year 2008, we commenced our commercial production at three
 garment manufacturing units set up at Bangalore and we also set
 up a design studio cum garment sampling house at Sewree, Mumbai.
 
 In the year 2009, we commenced our commercial production at the
 modernised CDR/CBR Processing Unit set up at Tarapur,
 Maharashtra.
 
 In September, 2009 Axis Bank Limited subscribed to 21,73,913 equity
 shares of face value Rs. 10/- each at a premium of Rs. 105/-
 each of our Company for an amount aggregating to Rs. 2,500 lacs.
 
 On March 10, 2010 the Registered Office of our Company was changed
 from 205/214, Peninsula Centre, Dr. S. S. Rao Road, Off Dr.
 Ambedkar Road, Parel (East), Mumbai - 400 012 to Plot Number C-3,
 MIDC, Tarapur Industrial Area, Boisar, District- Thane-401
 506, Maharashtra.
 
 Our manpower strength as on March 31, 2010 is 4,327 people. In the FY
 ending 2009, we were operating with 183 weaving looms
 producing approximately 180.00 lac meters of greige fabric per annum
 and 1,150 sewing machines with an overall production
 capacity of 36.00 lac garment pieces per annum. Further our
 processing capacity of finished fabric was 516.00 lac metres per
 annum
 and our yarn dyeing capacity is 30.00 lac kgs per annum.
 
 Major Events:
 
 Year    Key Events
 
 1984    Our Company was incorporated as a private limited company
 
 1993    Our Company was converted into a deemed public limited
 company under Section 43A of the Companies Act
 
 1994    Ventured into manufacturing activities by setting up of
 Mandhana Dyeing Unit at Tarapur.
 
 1995    Change of name of our Company to Mandhana Industries Limited
 
 1998    Exports to the European garments market
 
             Our Company was converted from a deemed public limited
 company to a private limited company 2002 Setting up of Mandhana     
        Weaving House Unit at Tarapur
 
 2003    Setting up of sales office in Delhi
 
 2004    Establishment of Mandhana Industries Export Division
 (Bangalore Unit) at Bangalore 
 
             Settting up of sales office in Chennai
 
 2005    Establishment of Mandhana Weaving House (Shirting Division)
 at Tarapur 
 
             Settting up of a liaison office at Paris called as
 Mandhana Europe
 
 2007    Our Company was converted into a public limited company
 
 2008    Commencement of commercial production at three units of the
 garment manufacturing plant set up at Bangalore.
             Setting up of design studio cum garment sampling house at
 Sewree, Mumbai.
 
             Structured Investments Limited subscribed to 2,50,000
 equity shares of face value Rs. 10/- each at a premium of Rs.288/-
 each               of our Company for an amount aggregating to Rs.
 7,44,92,000.
 
 2008    Commencement of Commercial production at the modernised
 CDR/CBR Processing Unit set up at Tarapur,
             Maharashtra. 
 
             Axis Bank Limited subscribed to 21,73,913 equity shares
 of face value Rs. 10/- each at a premium of Rs. 105/- each of our    
         Company for an amount aggregating to Rs. 25,00,00,000.
 
 2010
 
 - The Company has recommended a Final Dividend of Rs. 0.75 per equity
 share of Rs. 10/-.
 
 - Mandhana Industries IPO gets Rs 15 crore from anchor investors.
 
 2011
 
 - Mandhana Industries Ltd has informed BSE regarding a Press Release
 dated June 24, 2011 titled Government of Maharashtra confers Mega
 Project Status for Mandhana Industries Limited's Projects in
 Maharashtra.
 
 - The Company has recommended a Dividend of Rs. 2.00 per equity share
 of Rs. 10/- .
 
 2012
 
 - The Company has s recommended dividend @ Re. 1 per Equity share.
 
 2014
 
 - Mandhana Industries has Appointed Mr. Prashant Asher as Additional
 Director (Non-Executive and Independent Director) of the Company.
 
 
 2019
 
 -Company name has changed to GB Global Ltd. from Mandhana Industries
 Ltd..