Alok Industries

Alok Industries is an Indian ISO 9001:2000 certified textile manufacturing company based in Mumbai.[5][6] Its main business involves weaving, knitting, processing, home textiles, ready made garments and polyester yarns.[7] It exports 26% of its products to over 90 countries in the US, Europe, South America, Asia and Africa.[8] Reliance Industries and JM Financial Ltd. are scheduled to take over the company after having acquired it in bankruptcy proceedings.[9]

Alok Industries
Public
Traded asBSE: 521070
NSE: ALOKTEXT
IndustryTextiles, retail and real estate
Founded1986
Headquarters
Mumbai, Maharashtra
,
India[1]
Key people
Dilip Jiwrajka MD[2]
Revenue₹8,691.90 million (US$120 million) (2020)[3]
₹3,432.8 million (US$48 million) (2020)[3]
Number of employees
20,169[4]
SubsidiariesGrabal Alok Impex
Alok Apparels Pvt. Ltd
Alok Retail India Ltd
Alok Infrastructure Pvt Ltd
Mileta a.
Alok International Inc.
Alok H&A Ltd.
WebsiteOfficial website

History

It was established in 1986. In 1989, the company set up its first polyester texturising plant. The company became public in 1993 and was listed on Bombay Stock Exchange and National Stock Exchange of India with an IPO of Rs.4.5 Cr.[10] The Company Grabal Alok Impex Limited was amalgamated with Alok Industries on 1 April 2011.[5]

Retail

Alok H&A Ltd is a wholly owned subsidiary of Alok Industries Ltd. There are 250 store in India under the brand name H&A. Alok has a 91% stake in Grabal Alok (UK) Ltd, which had 210 stores under the brand Store Twenty One.[8]

Store Twenty One entered compulsory liquidation in July 2017, closing all stores.

Manufacturing

Mileta a.s., a manufacturing company based in Czech republic, is a 100% subsidiary of Alok through its wholly own subsidiary Alok Industries International limited.

Realty - Alok Infrastructure Limited

Projects

  • Peninsula Business Park, Mumbai
  • Ashford Royale, Mumbai
  • Ashford Centre, Mumbai
  • Ashford Palazzo, Mumbai
  • Lotus Corporate Park, Mumbai

See also

References
  1. "Alok Industrial Limited – Integrated Textile Solutions". Alokind.com. Archived from the original on 10 October 2010. Retrieved 29 September 2010.
  2. "Alok Industries spins Victoria's Secret in Burkina Faso". Business-standard.com. 5 September 2010. Retrieved 29 September 2010.
  3. "Alok Industries".
  4. "Alok Industries Ltd. (2584385): Stock Quote & Company Profile – BusinessWeek". Investing.businessweek.com. Retrieved 29 September 2010.
  5. http://www.alokind.com/milestones.html
  6. "Alok Industries". Business.mapsofindia.com. 31 March 2006. Retrieved 29 September 2010.
  7. "Alok Industries' QIP will hurt earnings in the near term – Money Matters". livemint.com. 28 March 2010. Retrieved 29 September 2010.
  8. http://www.bseindia.com/bseplus/AnnualReport/521070/5210700913.pdf
  9. "Reliance Industries gets NCLT approval for Alok Industries - Times of India". The Times of India. Retrieved 8 April 2019.
  10. "Alok Industrial Limited – Integrated Textile Solutions". Alokind.com. Archived from the original on 10 October 2010. Retrieved 29 September 2010.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.