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Company type | Public |
---|---|
Industry | |
Founded | 1986 |
Founder | Surendra Jiwrajka |
Headquarters | , |
Key people |
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Revenue | ₹5,356 crore (US$640 million) (2024) |
₹66 crore (US$7.9 million) (2024) | |
₹−814 crore (US$−98 million) (2024) | |
Total assets | ₹7,934.54 crore (US$950 million) (2022) |
Total equity | ₹496.53 crore (US$59 million) (2022) |
Owner |
|
Number of employees | 26231 (2022) |
Parent | Reliance Industries |
Subsidiaries |
|
Rating | CARE AA (CE) |
Website | www |
Alok Industries Limited, is an Indian Textile manufacturing company based in Mumbai. It Is Owned By Reliance Industries . Alok Industries Limited has five core divisions: Home Textiles, Cotton Yarn, Apparel Fabric, Garments, Technical Textiles, Textile Accessories and Polyester Yarn. Its main business involves weaving, knitting, processing, home textiles, ready made garments and polyester yarns. It exports 26% of its products to over 90 countries in the US, Europe, South America, Asia and Africa. Alok Industries also has a majority stake in a Czech republic incorporated textile company Mileta which supply its product across Europe. The export represents 90% of the entire production.
Founded in 1986 as a private limited company. In 1989, the inauguration of Their first polyester texturizing plant marked a significant milestone, By 1993, They had transitioned into a public limited company.
Over the decades, They have diversified into weaving, knitting, processing, home textiles, and garments.
Alok Industries has shutdown all its direct retail stores( Store 21 , H&A). However, they have started selling Some Of their products On Their parent Reliance backed Ajio And Amazon. They Also Supply Their Products To Reliance Retail
As per the latest Annual Report (2022), total sales of the Company increased by 91.44% to Rs. 7,150.91 crore from Rs. 3,735.31 crore in the previous year. Domestic sales increased by 96.22% to Rs. 5,451.37 crore from Rs. 2,778.11 crore in the previous year. Export sales increased by 77.55% to Rs. 1,699.54 crore from Rs. 957.20 crore in previous year. Operating EBITDA (before exceptional items) was positive at Rs. 611.61 crore as compared to negative EBITDA (before exceptional items) of Rs. 432.63 crore in the previous year. Operating Profit Before Tax (PBT) (before exceptional items) was negative at Rs. 184.18 crore as compared to negative PBT (before exceptional items) of Rs. 1,190.78 crore in the previous year.
Alok’s export business has increased to Rs. 1699.54 crore in the current year as against Rs. 957.20 crore in the previous period representing growth of 77.55%.
Reliance Industries Hold 40.01% Stake While JM Financial (Acting As PAC with RIL) Through Its Subsidiary Holds 35% Stake In It. Reliance Industries also have 9% optionally convertible preference shares and Non Convertible redeemable preference shares worth 3300 crores. making it a subsidiary of Reliance.
The paid-up Share Capital of the Company as on 31 March 2022 was 496.52 crore shares of Rs. 1/- each.
Yarn is a long continuous length of interlocked fibres, used in sewing, crocheting, knitting, weaving, embroidery, ropemaking, and the production of textiles. Thread is a type of yarn intended for sewing by hand or machine. Modern manufactured sewing threads may be finished with wax or other lubricants to withstand the stresses involved in sewing. Embroidery threads are yarns specifically designed for needlework. Yarn can be made of a number of natural or synthetic materials, and comes in a variety of colors and thicknesses. Although yarn may be dyed different colours, most yarns are solid coloured with a uniform hue.
Reliance Industries Limited is an Indian multinational conglomerate headquartered in Mumbai, India. Its businesses include energy, petrochemicals, natural gas, retail, entertainment, telecommunications, mass media, and textiles. Reliance is the largest public company in India by market capitalisation and revenue, and the 100th largest company worldwide. It is India's largest private tax payer and largest exporter, accounting for 7% of India's total merchandise exports.
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Knitting is the process of using two or more needles to pull and loop yarn into a series of interconnected loops in order to create a finished garment or some other type of fabric. The word is derived from knot, thought to originate from the Dutch verb knutten, which is similar to the Old English cnyttan, "to knot". Its origins lie in the basic human need for clothing for protection against the elements. More recently, hand knitting has become less a necessary skill and more of a hobby.
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