The company was incorporated on 6 Apr'78 as a private Limited company in the name of S.P. Exports Pvt Ltd.The name changed to AEC ENTERPRISES private limited on 5 oct'82 and subsiquiently changed into public limited company on 7 Nov'94. AEC ENTERPRISES LIMITED has a distributorship for kirloskar brands of pumps,valves and allied items.
The promoters of APTE family Shri R.D. Apte son of the founder of late Shri R.D. Apte is now the chairman and the managing director of the company.
The company has now come out with a new project of 100% EoU for manufacture of Acrylic Blankets and Acrylic Yarn. The Blankets unit with a capacity of 1.2 million pieces p.a. and the spinning capacity of 6000 tones p.a.The company also sell 25% of the production capacity of each item in domestic tarrif area.
The company has come out with public issue of 10400000 equity share of Rs 10 each for cash at a premium of Rs 10 per share aggregating to Rs 2080 lac on 6 Mar'96.
The company had entered into technical collaboraters with TAIHWA INCORPORATION LIMITED in South Korea.TAIHWA is one of the leading manufacturer and expoter of Acrylic Blankets in Korea.