About Alok Industries Ltd
Alok Industries Ltd. is a prominent textile manufacturing company. It offers complete solutions through its five core divisions: Home Textiles, Garments, Apparel Fabric, Cotton Yarn, and Polyester Yarn. Established in 1986, the company has a rich history spanning many years. Headquartered in Mumbai, Maharashtra, Alok Industries operates under the leadership of its founder, Surendra Jiwrajka.
The company’s diverse product portfolio includes home textiles, cotton yarn, and apparel fabric. It also includes garments, polyester yarn, technical textiles, and textile accessories. This extensive range of products caters to various segments of the textile market. It is making Alok Industries a versatile player in the industry.
Alok Industries Ltd. is the number one in the textiles sector. The company is recognized as one of India’s largest vertically all-inslusive textile companies. This highlights its significant market presence and operational scale. The promoter shareholding is 75%, held by Reliance Industries and JM Financial Asset Reconstruction Company Limited. This reflects strong backing and confidence from one of India’s largest conglomerates.
The registered office of Alok Industries Ltd. is located at Peninsula Business Park, Tower B, 2nd & 3rd Floor, Ganpatrao Kadam Marg, Lower Parel, Mumbai - 400013, Maharashtra, India. The company’s registrar is KFin Technologies Pvt. Ltd. The management team is led by CEO Ram Rakesh Gaur and CFO Vinod Sureka. They are experienced professionals dedicated to driving the company’s growth and innovation.
Here are the prime managing promoters:
Alok Industries Ltd.’s journey from its start to becoming a major player in the textile industry is a testament to its strategic vision. The company continues to expand its footprint. It is leveraging its robust product portfolio and market expertise to sustain its growth trajectory.
Company Background
Alok Industries Ltd. was established in 1986. It has grown to become one of India’s largest vertically integrated textile companies. Headquartered in Mumbai, Maharashtra, the company was founded by Surendra Jiwrajka. Over the past many years, Alok Industries has expanded its operations to include a wide range of textile products and services. It is making it a significant player in the global textile market.
Early Years and Growth
Alok Industries began as a private limited company. It focused initially on polyester yarn manufacturing. The inauguration of its first polyester texturizing plant in 1989 marked a significant milestone in its early years. By 1993, the company transitioned into a public limited company. It is paving the way for further expansion and diversification. Over the decades, Alok Industries diversified into weaving, knitting, processing, home textiles, and garments. It is establishing a comprehensive presence across the textile value chain.
Product Portfolio and Market Reach
The company’s extensive product portfolio includes home textiles, cotton yarn, and apparel fabric. It also includes garments, polyester yarn, technical textiles, and textile accessories. This diverse range of products caters to various segments of the textile market. It is making Alok Industries a versatile and reliable supplier. The company exports about 26% of its yields to over 90 nations. This includes the US, Europe, South America, Asia, and Africa. Renowned brands such as Levi’s, Calvin Klein, Zara, Walmart, Tommy Hilfiger, H&M, and Tesco are among its customers.
Challenges and Revival
Despite its success, Alok Industries faced significant challenges in the mid-2000s. The company’s ambitious expansion plans were funded by substantial loans. This led to financial difficulties. By 2014, Alok Industries was struggling with high debt levels and declining market share. The unstable nature of the textile industry, coupled with intense competition, intensified these challenges. However, the company’s story took a positive turn with the intervention of Reliance Industries. It acquired a 75% stake in Alok Industries. This acquisition provided financial stability and a strategic way for the company’s revival.
Sustainability and Certifications
Alok Industries is committed to sustainable practices. It has obtained several certifications to support its environmental and social responsibility initiatives. These include Global Organic Textiles (GOTS) and Made In Green. It also includes Fairtrade, OEKOTEX, and Egyptian Cotton certifications. The company also adheres to ISO 9001 for quality management and ISO 18001 for environmental management. It also adheres to OHSAS 45001 for occupational health and safety.
Manufacturing Facilities and Infrastructure
The company’s manufacturing facilities are strategically located in Silvassa, Navi Mumbai, and Vapi. These facilities are equipped with state-of-the-art technology and infrastructure. It enables Alok Industries to maintain high standards of quality and efficiency. The company’s integrated operations are from yarn production to finished garments. This ensures a seamless supply chain and consistent product quality.
Community Engagement and CSR Initiatives
Alok Industries is involved in CSR initiatives aimed at improving the quality of life in the communities where it operates. The company’s CSR activities focus on education, healthcare, and environmental conservation. It builds schools, provides healthcare facilities, and promotes environmental sustainability. Alok Industries shows its commitment to social duty and community welfare with these activities.
Alok Industries Ltd.’s journey is a testament to its strategic vision and operational excellence. The progress depicts its unwavering commitment to social responsibility. As the company continues to grow and evolve, its positive impact on the industry and society is set to expand even further.
The company’s diverse product portfolio includes home textiles, cotton yarn, and apparel fabric. It also includes garments, polyester yarn, technical textiles, and textile accessories. This extensive range of products caters to various segments of the textile market. It is making Alok Industries a versatile player in the industry.
Alok Industries Ltd. is the number one in the textiles sector. The company is recognized as one of India’s largest vertically all-inslusive textile companies. This highlights its significant market presence and operational scale. The promoter shareholding is 75%, held by Reliance Industries and JM Financial Asset Reconstruction Company Limited. This reflects strong backing and confidence from one of India’s largest conglomerates.
The registered office of Alok Industries Ltd. is located at Peninsula Business Park, Tower B, 2nd & 3rd Floor, Ganpatrao Kadam Marg, Lower Parel, Mumbai - 400013, Maharashtra, India. The company’s registrar is KFin Technologies Pvt. Ltd. The management team is led by CEO Ram Rakesh Gaur and CFO Vinod Sureka. They are experienced professionals dedicated to driving the company’s growth and innovation.
Here are the prime managing promoters:
-
A Siddharth
-
Mumtaz Bandukwala
-
Rahul Dutt
-
Hemant Desai
-
Anil Kumar Rajbanshi
Alok Industries Ltd.’s journey from its start to becoming a major player in the textile industry is a testament to its strategic vision. The company continues to expand its footprint. It is leveraging its robust product portfolio and market expertise to sustain its growth trajectory.
Company Background
Alok Industries Ltd. was established in 1986. It has grown to become one of India’s largest vertically integrated textile companies. Headquartered in Mumbai, Maharashtra, the company was founded by Surendra Jiwrajka. Over the past many years, Alok Industries has expanded its operations to include a wide range of textile products and services. It is making it a significant player in the global textile market.
Early Years and Growth
Alok Industries began as a private limited company. It focused initially on polyester yarn manufacturing. The inauguration of its first polyester texturizing plant in 1989 marked a significant milestone in its early years. By 1993, the company transitioned into a public limited company. It is paving the way for further expansion and diversification. Over the decades, Alok Industries diversified into weaving, knitting, processing, home textiles, and garments. It is establishing a comprehensive presence across the textile value chain.
Product Portfolio and Market Reach
The company’s extensive product portfolio includes home textiles, cotton yarn, and apparel fabric. It also includes garments, polyester yarn, technical textiles, and textile accessories. This diverse range of products caters to various segments of the textile market. It is making Alok Industries a versatile and reliable supplier. The company exports about 26% of its yields to over 90 nations. This includes the US, Europe, South America, Asia, and Africa. Renowned brands such as Levi’s, Calvin Klein, Zara, Walmart, Tommy Hilfiger, H&M, and Tesco are among its customers.
Challenges and Revival
Despite its success, Alok Industries faced significant challenges in the mid-2000s. The company’s ambitious expansion plans were funded by substantial loans. This led to financial difficulties. By 2014, Alok Industries was struggling with high debt levels and declining market share. The unstable nature of the textile industry, coupled with intense competition, intensified these challenges. However, the company’s story took a positive turn with the intervention of Reliance Industries. It acquired a 75% stake in Alok Industries. This acquisition provided financial stability and a strategic way for the company’s revival.
Sustainability and Certifications
Alok Industries is committed to sustainable practices. It has obtained several certifications to support its environmental and social responsibility initiatives. These include Global Organic Textiles (GOTS) and Made In Green. It also includes Fairtrade, OEKOTEX, and Egyptian Cotton certifications. The company also adheres to ISO 9001 for quality management and ISO 18001 for environmental management. It also adheres to OHSAS 45001 for occupational health and safety.
Manufacturing Facilities and Infrastructure
The company’s manufacturing facilities are strategically located in Silvassa, Navi Mumbai, and Vapi. These facilities are equipped with state-of-the-art technology and infrastructure. It enables Alok Industries to maintain high standards of quality and efficiency. The company’s integrated operations are from yarn production to finished garments. This ensures a seamless supply chain and consistent product quality.
Community Engagement and CSR Initiatives
Alok Industries is involved in CSR initiatives aimed at improving the quality of life in the communities where it operates. The company’s CSR activities focus on education, healthcare, and environmental conservation. It builds schools, provides healthcare facilities, and promotes environmental sustainability. Alok Industries shows its commitment to social duty and community welfare with these activities.
Alok Industries Ltd.’s journey is a testament to its strategic vision and operational excellence. The progress depicts its unwavering commitment to social responsibility. As the company continues to grow and evolve, its positive impact on the industry and society is set to expand even further.
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