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Indus Fila > Company History > Textiles - Processing > Company History of Indus Fila - BSE: 532821, NSE: INDUSFILA
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Indus Fila

BSE: 532821|NSE: INDUSFILA|ISIN: INE025I01012|SECTOR: Textiles - Processing
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Indus Fila is not traded in the last 30 days
Indus Fila is not traded in the last 30 days
Company History - Indus Fila
Indus Fila Limited, the flagship company of the group is a new 
 age fashion and textile manufacturer with sharp focus on design 
 and backward integration capabilities, thriving under the 
 dynamic leadership of Mr. Nitin Mandhana, the prime mover
 of the Company, supported by two other promoter directors - 
 Mr. Shashikant Mandhana and Mr. Prakash Mandhana. The 
 promoters are from a family which is associated with the textile
 industry for a long time.
 
 We are engaged in yarn dyeing, fabric weaving, fabric processing 
 and apparel manufacturing. The commercial production of 
 Company's expanded activities - weaving and apparels started in 
 the month of November 2004. Currently we manufacture color dyed, 
 solid dyed fabrics for domestic garment manufacturers and exporters.
 
 The apparel manufacturing of Men's Shirts and Ladies Tops is 
 mainly for exports. We have positioned ourselves as a multi product,
 
 multi fibre and multi market player ensuring that our target market 
 is a diverse mix of the domestic fabrics market, garment export and 
 international market (fabrics exports). We have integrated 
 design-to-delivery capability with emphasis on design excellence and
 
 innovative product engineering. We share a close rapport with a
 number of marquee international and domestic brands - Izod, Arrow, 
 Chaps, Armani Exchange and Levi Strauss.
 
 We have multi-locational production and distribution facilities
 spread 
 across Bangalore and Mysore, viz. Peenya and Nelamangala in 
 Bangalore, Nanjangud in Mysore fully backed up by the facilities for
 
 product development, design studio and efficient sampling 
 infrastructure to provide quality services to our customers in India
 and 
 abroad. We also have distribution facilities in Chennai and Mumbai 
 which gives us advantage of being able to serve our customers
 from multi-locations. We currently employ over 480 people.
 
 Presently, we are operating with 156 weaving looms (including 48
 looms 
 under 100% manufacturing agreement) producing approximately 20.80 
 million meters of fabric per annum and 750 sewing machines with 
 production capacity of 2.70 millions garments per annum.
 
 Our Operational Income and Profit after Tax (PAT) as per the restated
 
 financial statements for the financial year ending March 31, 2006 is
 
 Rs 8,249.13 lacs and Rs 548.96 lacs and for the half year ended 
 September 30, 2006 is Rs 10917.81 lacs and Rs 1063.44 lacs 
 respectively. Our Operational Income and PAT have grown at a CAGR 
 of 99.29% and 147.23% respectively over the period of five years and
 
 six months.
 
 MAJOR EVENTS IN OUR HISTORY ARE GIVEN BELOW:
 
 Year                Key Events
 1999                 Incorporation of Indus Fila Private Limited
 2000                 Commencement of business with yarn dyeing in
 Nelamangala.
 2001                 Capex incurred to increase capabilities of yarn
 dyeing.
 2004                 Commenced weaving and garmenting activity
 2005                 First export order received in February 2005
                          Capex of Rs 870 lakhs for further addition
 of capacity in 
                          weaving and garmenting.
 2006                 Agreement entered for acquiring fully integrated
 weaving, 
                          processing and finishing unit in Mysore for
 a consideration 
                          of Rs 90 crores
 May 2006         Sale deed executed for acquisition of the fully
 integrated weaving, 
                           processing and finishing unit in Mysore
 with a capacity of 50,000 
                           meters per day and a co generation power
 plant of 6 MW.
 
 2007
 
 - Indus Fila Ltd has informed that on July 05, 2007, the Company has
 acquired a 51% stake in Indus Garments (India) Pvt Ltd for a
 consideration of Rs 93.50 million.
 
 
 2009
 
 - The Company has acquired the balance 49% stake in Indus Garments
 (India ) Pvt Ltd. With this Indus Garments (India) Pvt Ltd, become
 100% subsidiary of the Company.
 
 
 
 
Source : Dion Global Solutions Limited
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