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History of Omnitex Industries [Indias] Ltd.

The Comp. was incorporated on January 30, 1987 in the State of Maharashtra.

The Comp. has been promoted by a team of entrepreneurs having good experience in the textile industry. Chief Promoters of Comp. are Dr. Mohanlal Piramal, Mr. Ashok M. Bhawnani and Mr. R. K. Shriya.

Company factory located a Silvassa is engaged in manufacturing texturised/twisted polyester filament yarn. The installed capacity is 408 spindles for texturising and 3608 spindles for twisting. Commercial production commenced in December 1987. The Comp. has also set up a new project at Daman for setting up of two Draw texturising and three TFO twisting machines. The capacity was later expanded to 864 spindles of texturised yarn & 3848 spindles of twisted yarn.

1996-97: The Comp. proposes to install Two Draw Texturising Machines of 240 spindles each together with Roto attachment with a total capital outlay of Rs. 650 lacs at its existing site at Daman. It is also thinking to construct a RCC/ACC structure of about 12,805 sq. ft. on the existing two story Building. The project is being financed by Term Loans from Financial Institutions/Banks & from internal accruals.

2007

-Omnitex Industries India Ltd has appointed Mr. Deepak P Advani & Mr. Vivek M Jalanas Directors of Comp. w.e.f. January 29, 2007.

2008

- Omnitex Industries India Ltd has informed that Mr. Narendra M Dalmia has been appointed as additional director w.e.f. December 11, 2008.