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History of Alps Industries Ltd.

YEAR EVENTS 1972 - The Comp. was incorporated as a Private Limited Comp. under the Companies Act, 1956 on 11th May, under the name & style of Alps Textiles Pvt limited & subsequently converted into public limited Comp. vide fresh certificate of incorporation issued on 02/09/1994 & was renamed as Alps Industries limited on Nov. 15, 1994 & another fresh certificate of incorporation was issued by ROC Kanpur.

- Alps Industries limited [formerly known as Alps Textiles Ltd.s] was promoted by Shri K.K. Agarwal a well known technocrat and industrialist along with his associates.

- The Comp. is engaged in the manufacturing & export of home furnishings & selling it product range of venetian and vertical blinds, drapery rods, & other interior decorative and architectural items under the established brand name of 'VISTA LEVOLOR'.

- The Comp. has entered into an agreement with Textile department of Indian Institute of Technology [IITs], Delhi for providing the technical assistance.

1975 - The Comp. has been awarded by Handloom Export Promotion Council, Chennai for export of its product for year 1975-76, 1977-78, 1981-82, 1982-83 & 1984-85, & has received State Export award from Government of U.P. for year 1983-84, 1984-85, 1987-88, 1988-89 & 1989-90.

- 100% EOU project for setting up of integrated manufacturing facilities for Eco-Friendly vegetable dyes, cotton yarn, fabric & made-ups.

1987 - The Comp. has also been awarded with Bronze Trophy by TEXPROCIL in the year 1987-88. The management conceived the idea for setting up of plant for manufacturing vegetable dyes, dyeing of Cotton fibre with Vegetable dyes & Spinning of Vegetable dyed yarn, weaving of fabrics therefrom & converting into made ups.

1989 - The Comp. achieved another milestone by entering into the agreement with Levolor Lorentzen Inc., presently known as Levolor Corporation, one of leading manufacturer of window coverings in U.S.A., to sell & manufacture in India the line of `Levolor' Products exclusively.

- The Comp. subsequently introduced a new range of Venetian blinds under the brand name of Vista Levolor. Diversifying into the range of interior decoratives, the Comp. introduced Aluminium Panels for False Ceiling.

- The Comp. setup a research & development wing. The company started a research programme on vegetable dyes to develop an Eco friendly range of natural dyes.

1993 - An agreement was entered into with Indian Institute of Technology [I.I.Ts] Delhi for sponsorship of research & development programme of Vegetable Dyes.

- A pilot plant was set up in the existing unit of Comp. for manufacturing of vegetable dyes & a latest range of vegetable dyed fabrics & made ups were launched in the market.

- The Comp. has established a large marketing network in India & abroad.

- The Comp. proposes to set up a 100% export oriented unit at 57/2, Site IV, Sahibabad Industrial Area, in District Ghaziabad, Uttar Pradesh.

1994 - 52350 No. of Equity Shares of Rs 100 each has been sub-divided into 10 Equity Shares of Rs 10 each converting them into 5,23,500 No. of Equity Shares of Rs 10/- each.

- The Comp. is setting up the manufacturing facility for 600 tpa of vegetable dyes.

- The project of 683 tpa of cotton fiber dyeing & 315 tpa of yarn dyeing is being set up for getting uniform & better business properties of yarn produced from the cotton.

- The Comp. proposes to set up a plant for spinning 1594 tons per annum of cotton yarn with an average count of 14s.

- The Comp. has built up a wide distribution network with 86 dealers through out the country having a scattered network of distributors.

- The Comp. has issued Bonus Shares out of revaluation reserves amounting to Rs 157.05 Lacs on 2nd February.

- Paid up Share Capital of Comp. is Rs 2,97,01,000 divided into 29,70,100 No. of Equity Shares of Rs 10 each including 27,68,100 Shares issued for other than cash.

1995 - The Comp. has tie-up with Levolor Corporation, USA, one of the leading manufacturers of window coverings in USA, for manufacture & sale of Levolor line of products in India.

1997 - During the year, Comp. has also started business with new parties in the international market with whom volume of business is expected to grow further.

- Sales of Window Covering Division [Vistas] have increased during the current year. The Comp. has launched window awnings and garden umbrellas in collaboration with Franciaflex Company, France.

- It was decided to increase the weaving capacity by installing additional 43 looms.

1998 - The performance of Window Covering Division [Vistas] was adversely affected by recession in the domestic market. In this division also, several new product have been added in order to widen the product range as well as, keeping in mind customer service, several improvisations have been made in the existing products.

- The Comp. embarked upon an expansion plan involving increase in weaving & made-ups facilities. The project has been recently commissioned & full benefits shall accrue in the current financial year.

1999 - The Comp. is entering the laminated floorings & Pashmina shawls markets as part of its growth plan. Pashmina shawls and laminated floorings will be launched in the domestic market during the festival season.

- AIL has introduced a wide range of home furnishing products using naturally-grown coloured cotton, which has a significant demand in overseas market.

- Alps Industries, poineers in window fashions, has introduced laminate wooden floorings under the Vista Floor Fashions brand. The Comp. which has been expanding its horizon in home decor, has also recently launched another new product -- bed co-ordinates under the Vista Home fashions brand.

2000 - The Comp. has introduced Mistral, a new drape system under the Vista Levolor brand name.

- The Comp. has launched the construction of vertical portal on interiors industry.

- The Comp. is diversifying into IT with the construction of a portal on interior industry.

- Alps Industries has introduced Le Pashmina branded shawls. It is claimed to be the first time that such branded shawls are being launched in India.

- Alps Industries has introduced Topper Valance Pelmets.

2001 - Alps Industries limited makers of Vista Levolor blinds -- has introduced the `Karat' vertical blinds.

- Alps Industries Ltd, manufacturers of Vista Levolor, has launched a new portal on interior called www.Improveinteriors.com. The portal reportedly caters to individuals as well as architects, designers & contractors.

2003 -Alps Industries members approved delisting from Kanpur, Delhi & Ahmedabad Stock Exchanges