Overview of The Company

You might also like

Download as docx, pdf, or txt
Download as docx, pdf, or txt
You are on page 1of 2

OVERVIEW OF THE COMPANY

Garden Silk mills Ltd. group of companies, one of the leading industrial groups in India, plays
aleading role in the field of POY yarn and fashion fabrics. With annual sales exceeding U.S. $ 90
million,they sell their products under a single banner of quality
Garden
.Garden Silk mills Ltd. is public limited company incorporate on July 23, 1979. It was authorized
sharecapital of Rs. 60 crores, Equity shares of Rs. 10 each, out of which around Rs. 3, 82, 90,560
have beenissued, subscribed and fully paid up. The shareholders here have seen much
appreciation and receivedregular dividends which impose that the company is getting on
prosperous year and is profit makingventure. This is attribution to the three generation of the
directors who have strived hard for the growthand progress of the company. The company has
also seen much of highs and lows of the market and hassuccessfully come out of all those,
providing it to be a leader of textiles business of all times.In 1975, the company recruited Fine
Arts Graduates from leading institutions and an Art studio was setup. The company started
introducing its own designs and supplied these designs in the market. Prior tothis, the designs
produced had been a function of customer demand and from this point onwards, theemphasis
changed the design impetus coming from manufacturers.

Garden Silk Mills Ltd. is one of the leading & oldest manufactures of synthetic in India. In the
late1970s, the company started exporting its products to European Market, Given the size of the
domesticsmarket, the proportion of the product that are exported remain low at approximately
2% The Companyis in the process of further developing market in Africa, Central and Eastern
Asia. The company hasmade vertical & horizontal integration from its establishment.
In the 1980s, the company developed a new site
-Vareli, some 12kms away from Surat. This hasbecome the manufacturing plant and investment
of more than 2 billion has been made. Most of thisexpenditure has been targeted at the expansion
and modernization of plant and equipment, particularlyin the weaving and yarn preparatory
sections. As a result, the company today has one of the mostmodern and sophisticated textile
plants in India. It achieved ISO 9002 on February, 2000, which was itsgreatest achievement, and
Garden Silk Mills become the first company ever achieve such creation inSurat. This has brought
fame to the city and to the nation all through the international sales and exportincome has been
considerable.Today, the company is one of the largest manufacturers in India of high fashioned,
premium quality,dyed and printed textiles fabrics, both polyester and viscose comprising a range
of chiffon andgeorgettes, crepes and faithful ladies, fashion as well as Indian sarees, The
company also manufacturersan exclusive range of pure silk and cotton fabrics.The company is
largest manufacturer of POY and PFY in India. The company is the competitors of
RELIANCE. The companys strategy is not to be top in the
POY, but they are interested in to make thequality product which satisfy the customer needs at
the most.



Achievements
:-The company is the first to set up a polyester filament yarn project in south Gujarat. The project
iscapable of producing multifilament and microfilament yarn having capacity of 5000 tons p.a.
incollaboration with NOYVALLESIVA AG of Switzerland.
Now a days company increase POY Spinning capacity from 7200 metric tonnes to 32200
metric tonnes per annum and secondly company increase Draw Extrusion from 13 to 17 i.e.
instalment of 4machine and also increase Draw Warping machine from 7 to 9 machine. The
project has a specialsignificance for the company, as polyester filament yarn is the basic raw
material for the product formanufacturing man made textile.

You might also like