28 Feb, EOD - Indian

SENSEX 73198.1 (-1.90)

Nifty 50 22124.7 (-1.86)

Nifty Bank 48344.7 (-0.82)

Nifty IT 37318.3 (-4.18)

Nifty Midcap 100 47915.2 (-2.49)

Nifty Next 50 57063.05 (-2.90)

Nifty Pharma 19813.5 (-1.92)

Nifty Smallcap 100 14700.2 (-3.01)

28 Feb, EOD - Global

NIKKEI 225 37155.5 (-2.88)

HANG SENG 22941.32 (-3.28)

S&P 5850.18 (-0.28)

LOGIN HERE

Amit Spinning Industries Ltd

You are Here : Home > Markets > CompanyInformation > Company Background
BSE Code : 521076 | NSE Symbol : ASIL | ISIN : INE988A01026 | Industry : Textiles |


Company History

Amit Spinning Industries is promoted by K K Sheth and Arunoday Mills. The promoters belong to the Keshavlal Talakchand group, one of the leading exporters of textiles. The group also has a domestic marketing division which is involved in marketing yarn of cotton textile mills.

The company set up a 100% export-oriented cotton spinning unit with a capacity of 25,200 spindles. The project was implemented in two phases, part-financed by a public issue.

Barring the ring spinning frames, all other major machinery was imported from reputable manufacturers. The ring spinning frames were procured from LMW. The company is spinning single ply and double ply combed yarn between 20s and 30s counts.

The products are well-accepted in the highly quality-conscious markets of Italy, Australia, Mauritius and Turkey. The company has adopted TQM as a core policy and is now implementing it.

In 1996 came out with an expansion by way of forward integration into the Knitting Sector and also Cotton (spindles) - Nos of which capacity increased from 18144 to 20160. During the year 1996-97 the company has raised $1.5 million FCNR(B) loan at very low cost. These funds have been utilized towards repaying the high cost borrowing.

During 1999-2000, the company has been honoured with the Export Recognition Certificate from the Government of Maharashtra for the third consecutive year for its export performance. In 2001-02 the company has undertaken expansion of its unit by way of addition of 8500 spindles and commercial production has commenced.

Capital Market Publishers India Pvt. Ltd

401, Swastik Chambers, Sion Trombay Road, Chembur, Mumbai - 400 071, India.

Formed in 1986, Capital Market Publishers India Pvt Ltd pioneered corporate databases and stock market magazine in India. Today Capitaline corporate database cover more than 35,000 listed and unlisted Indian companies. Latest technologies and standards are constantly being adopted to keep the database user-friendly, comprehensive and up-to-date.

Over the years the scope of the databases has enlarged to cover economy, sectors, mutual funds, commodities and news. Many innovative online and offline applications of these databases have been developed to meet various common as well as customized requirements.

While all the leading institutional investors use Capitaline databases, Capital Market magazine gives access to the databases to individual investors through Corporate Scoreboard. Besides stock market and company-related articles, the magazine’s independent and insightful coverage includes mutual funds, taxation, commodities and personal finance.

The power of the database is harnessed by our fired-up reporters to generate interesting ideas. The reader-friendly presentation of the idea, supplemented by relevant data and information, can be accessed online through Capita Telefolio and Telefolio Gold. These ideas are used by individual investors as well as institutional investors to do further research and stay ahead.

Copyright @ Capital Market Publishers India Pvt.Ltd

Designed, Developed and maintained by CMOTS Infotech (ISO 9001:2015 Certified)

Site best viewed in Internet Explorer Edge ,   Google Chrome 115.0.5790.111 + ,   Mozilla Firefox 115.0.3 + ,   Opera 30.0+, Safari 16.4.1 +