The Mudra Group
The Mudra Group started operations in 1986. We have facilities for manufacture of fabrics & garments, processing, design development, sampling etc. The Mudra group is promoted by Mr. Murarilal B Agrawal, Mr. Ravindra B Agarwal, & Mr. Vishwambharlal K Bhoot.
The Company
Our Comp. was incorporated as Bombay Fine Fabrics Private Limited on March 31, 1997. Subsequently name of Comp. was changed to Mudra Textiles Private Limited w.e.f. October 10, 2001. On December 1, 2005 our Comp. was converted into a public limited company. Name of Comp. was further changed to Mudra Lifestyle Limited w.e.f. December 2, 2005. In October 2004, with a view to consolidate business of our Group, East Coast Polytex, a Partnership Firm in the Group engaged in the business of weaving & two other Partnership Firms viz Mudra Exports [Indias] & Mudra Impex engaged in the business of Garmenting were taken over by our company. Further w.e.f April 01, 2005 Picanova Fabrics Private Limited, Mudra Synthetics Private Limited & Venus Processors Private Limited were amalgamated with our Company.
Consolidation of Our Business
The Mudra Group started its operations in 1986. Subsequently, other companies were incorporated & partnership firms were formed within the Group to carry on various aspects of business like manufacture of fabric, sale of fabric in domestic & overseas markets & manufacture & sale of garments. The following table gives a summary of our Group:
Sr. No. Name Date of Incorporation/formation Nature of Business
1 Olive Tex Silk Mills December 23, 1986 Manufacture of Fabrics 2 East Coast Polytex February 28, 1993 Manufacture of Fabrics 3 Mudra Exports [Indias] April 04, 1997 Manufacture of Garments and Fabrics 4 Mudra Synthetics Pvt Ltd September 24, 1997 Manufacture of Fabrics 5 Mudra Lifestyle Limited March 31, 1997 Manufacture of Fabrics 6 Picanova Fabrics Pvt Ltd April 23, 1998 Manufacture of Fabrics 7 Olive Silk Mills Pvt Ltd March 15, 2000 Manufacture of Fabrics 8 Venus Processors P Ltd April 30, 1992* Processing, Dyeing, And Printing. 9 Mudra Impex April 3, 2001 Manufacture of Garments and Fabrics 10 Western India [Impexs] August 18, 2001 Export of Fabrics
* Venus Processors Private Limited was bought by our promoters on January 29, 2001
Key Events in the History of Mudra Group
Year Key Events
1986 The Group commenced the business of woven fabric 1993 East Coast Polytex was formed to start manufacturing facilities for woven fabric at Daman 1997 .. Mudra Exports [Indias] was formed to export woven fabric & garment. .. Mudra Lifestyle Limited was incorporated for undertaking business of woven fabrics. .. Mudra Synthetics Private Limited was incorporated for undertaking business of woven fabrics at Sonale in Thane District. 1998 Picanova Fabrics Private Limited was incorporated for undertaking business of woven fabrics at Sonale in Thane District. 2001 .. Mudra Impex was formed to start manufacturing facilities for garment at Daman & export the same. .. Acquisition of Venus Processors Private Limited engaged in Processing, printing & dyeing. 2004 .. Takeover of partnership firms by Mudra Lifestyle Limited .. Start of Garmenting Unit at Bangalore. 2005 Awarded contract to Gherzi Eastern Limited for technical appraisal of Expansion Project 2006 .. Consolidation of group companies .. Comp. sales cross Rs. 100 Crores