Company History - Jagjanani Textiles
History and Major Events
Jagjanani Textiles Limited is a Public Limited Company incorporated
on 1st April 1997 under Companies Act and Registered with ROC
Jaipur vide incorporation No.17-013498 and obtained certificate for
commencement of Business as 7th May 1997. The main objective of the
Company is to manufacture/trade-yarn/textile. The registered office
of the Company is at S-25 Shyam Nagar, Ajmer Road, Jaipur and works
at E-228 RIICO Industrial Area, Bagru, Jaipur.
Keeping in view the object of the Company the promoters decided to
set up a quality yarn Production Unit with latest state of art
facilities. The Company acquired land for this purpose in November
1997 and took effective steps for installation of spinning plant at
a total cost of Rs. 1650 lakhs. The plant was partially commissioned
in March 1999 and completed by February 2000. Further there was
addition of one AutoCoro machine with 192 Rotors was purchased in
the FY 2003-04.
The existing project is situating at RIICO Industrial Area Bagru,
Jaipur on a plot of 9875 Sq. mts. The site is 25 kms from Jaipur (on
NH-8 Jaipur Ajmer Road) and RIICO has provided all infra structural
support like Roads, Water, Electricity etc.
The project envisaged installation of 4 Auto Coro machines with 768
Rotors. As planned 2 machines were commissioned in March 1999 with
384 rotors and after watching theperformance of the equipments and
market response remaining 2 machines with 384 Rotors were
commissioned in February 2000. The Company has selected Open End
spinning machines keeping in view the higher speed of yarn production
and lower involvement of labour. Moreover in this process no separate
winding machines are required. In house power generating
facilitieshave been installed for ensuring quality and continuity of
power for production. The manufacturing process comprises cleaning of
Cotton (Blow Room stage), elimination of short fibres (Carding)
parallelization of fibres (draw frame) and Spinning (Rotors 768 in
number). The unit is equipped to manufacture yarn in the count range
of Ne 3 to Ne 30 depending upon the market requirement. The machines
installed by the Company ensure on line quality monitoring. Due to
better quality standards Company's products enjoy patronage from all
leading fabric manufacturers in India and abroad. Company supplies
yarn to Arvind Mills, Ashima, Raymond, K G Denim, Vardhman Group,
Soma Textiles, Malwa Industries of Oswal Group, Rainbow Denim etc.
Yarn is also regularly exported to HongKong, China, Pakistan, Egypt,
Dubai and Bahrain.
MAJOR EVENTS IN THE HISTORY OF THE COMPANY
-Incorporation under the Companies Act, 1956
-Commissioning of two nos Auto Coro Machines completed and Commenced
Production of Cotton yarn
-Commissioning of all four Auto Coro machines with preparatory as per
-First Export order executed
-Production of Hosiery Yarn for Knitting on O E machines
-Production of Polyester Cotton Blended Yarn for work wear fabrics
-Major thrust in Export Market (Export turnover USD 13, 67,286/-)
-Addition to capacity by installing one number Auto Coro machine and
other balancing equipments.
-Achieved highest production - 3536 MT and sales 3535 MT of yarn.
-Introduction of 100% Viscose Yarn - Ne 30 for exports. Export House
-Jagjanani Textiles Ltd gets its shares listed on the Exchange in the
list of 'B1' Group Securities
-Jagjanani Textiles Ltd has been shifted its Registered Office of the
Company from S-25, Shyam Nagar, Jaipur-302019 to E-228, RIICO
Industrial Area, Bagru Extn-I, Bagru, Jaipur-303007, Tel.