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GTN Industries > Company History > Textiles - Spinning - Cotton Blended > Company History of GTN Industries - BSE: 500170, NSE: GTNIND
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GTN Industries

BSE: 500170|NSE: GTNIND|ISIN: INE537A01013|SECTOR: Textiles - Spinning - Cotton Blended
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Company History - GTN Industries
The Company was incorporated on August 2, 1962 in  Alwaye, Kerala for
 the Manufacture of Cotton Yarn with a Capacity of 12000 Spindles.  In
 1966, the company was taken over by the present promoters, the Patodia
 GTN Group.  In 1983 GTN established another Unit at chitkul village,
 Sangareddy Taluk, Madak Dist. in Andra Pradesh.  GTN is engaged in
 the Manufacture of cotton yarn , mainly of finer  counts and at
 present exports 99% of its turnover.  It has Constantly modernised
 its production facilities.
 
 The Company has the two subsidiary companies Namely 1. G.T.N Exports
 Ltd. and 2. Packworth Udyog Ltd.  The Company belong to the Patodia -
 GTN Group.
 
 1996-97:
 The Nagpur unit of the company has been awarded the ISO 9002
 certificate. With Aluva & Medak units already having the certificate,
 the entire production at all the three units is covered by the ISO
 certification.
 
 Patspin India Ltd., a 100% EOU, has been promoted by the company
 along with M/s Itochu Corporation, Japan & M/s Kerala State
 Industrial Development Corporation Ltd. The company has contributed
 Rs 8.64 crore towards rights issue undertaken by Patspin India Ltd.
 
 2002
 
 -GTN Textiles has recommended a dividend of 17.5%
 
 2003 
 
 -The Stock Exchange - Ahmedabad (ASE) has conveyed their approval of
 delisting of equity shares of the Company from their Exchange.
 
 2004
 
 -The Managing Director of GTN Textiles Ltd, Mr Mahendra Kumar Patodia
 selected as Vice-Chairman of CII (AP)
 
 2005
 
 -GTN Textiles has recommended a dividend of 12.5%
 
 2006
 
 -Company has changed its name from GTN Textiles Ltd. to GTN
 Industries Ltd. and the trading symbol of the company be changed from
 GTNTEXT to GTNIND                                                    
 
                                                          
 2007
 
 -Registered Office of the Company has been shifted To Chitkul
 Village, Patancheru Mandal, Medak District, Andhra Pradesh - 502 307
 
 
 
Source : Dion Global Solutions Limited
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