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Arvind Ltd.

BSE: 500101 Sector: Industrials
NSE: ARVIND ISIN Code: INE034A01011
BSE LIVE 15:40 | 23 Mar 388.80 1.65
(0.43%)
OPEN

385.50

HIGH

392.00

LOW

381.50

NSE LIVE 15:53 | 23 Mar 389.55 2.80
(0.72%)
OPEN

387.00

HIGH

391.90

LOW

381.50

OPEN 385.50
PREVIOUS CLOSE 387.15
VOLUME 140822
52-Week high 423.60
52-Week low 257.30
P/E 32.87
Mkt Cap.(Rs cr) 10045.04
Buy Price 390.65
Buy Qty 85.00
Sell Price 0.00
Sell Qty 0.00
OPEN 385.50
CLOSE 387.15
VOLUME 140822
52-Week high 423.60
52-Week low 257.30
P/E 32.87
Mkt Cap.(Rs cr) 10045.04
Buy Price 390.65
Buy Qty 85.00
Sell Price 0.00
Sell Qty 0.00

Arvind Ltd. (ARVIND) - Company History

Arvind Ltd is the largest cotton textiles manufacturer and exporter in India. They are the leading player in the branded garments in the domestic market. The company's principal business consists of manufacturing and marketing of Denim Fabric, Shirting Fabric, Shrits, Knitted Fabric and Garments. The company having the rights to market international brands such as Lee, wrangler, Arrow and Tommy Hilfiger in India. The company has also owns popular brands such as Newport, Flying Machine, Excalibre and Ruf & Tuf. They are having their production facilities at Ahmedabad, Mehsana, Gandhinagar in Gujarat, Pune in Maharashtra and Bangalore in Karnataka. Arvind Ltd was incorporated in the year 1931 as Arvind Mills Ltd by three brothers Kasturbhai, Narottambhai and Chimanbhai. In the year 1934, they established themselves amongst the foremost textile units in the country. They are first company to bring globally accepted fabrics such as Denim, yarn dyed shriting fabrics & wrinkle free gaberdines to India in the year 1986. In the year 1987, they started retail outlets for 'Arrow' brand and became the first company to bring international shrit brand 'Arrow' to India. The company joint venture includes their echnical and marketing alliance with F M Hammerie Von-Ogensver Waltungs, Austria, the US based Alamac Knit Fabrics & Spinners and Webexi Dict Turt, Switzerland. Arvind Mills in 1985 has diversified into electronics by setting up a plant to manufacture electronic telephone exchanges (EPABX). They also entered into marketing pharmaceutical products and B&W and colour television sets under the name Pyramid. During the year 2001-02, the compnay increased the number of Spindles and Stitching Machines by 2036 Nos and 38 Nos respectively. In the next year, they further increased the number of Stitching machines by 7 Nos. During the year 2003-04, the company expanded their shirts manufacturing capacity from 2.4 million pieces to 4.8 million pieces per annum. During the same year, their subsidiary company, Arvind Spinning Ltd commenced their operation. In March 2005, the company commenced their operations of producing Jeans Pant in Bangalore with the installed capacity of 4 million Pcs per annum. During the year 2005-06, new Denim collection was launched which was aimed at the Super Premium brands of the USA, Europe, Japan & Korea. The response to this collection was good and they have opened new venues for the Denim division. The company demerged and transfered the Garments Business Division of their 100% subsidiary company, Arvind Brands Ltd and amalgamate Arvind Fashions Ltd, a 100% subsidiary of Arvind Brands Ltd with themselves with effect from April 1, 2006. Also The company has a joint venture company namely Arvind Murjani Brand Pvt Ltd, through which they hold license to sell Tommy Hilfiger brand apparel in India. The operations of Arvind Brands Limited and their subsidiaries were merged with the Company with effect from April 1, 2006. The wholesale branded apparel business of Arvind Fashions Ltd has been sold to VF Arvind Brands Pvt Ltd with effect from August 31, 2006. In March 2008, the company signed a exclusive license agreement with The Philips-Van Heusen Corporation for designing, distribution and reatiling of IZOD brand apparels in India. From May 2008, the company name was changed from Arvind Mills Ltd to Arvind Ltd.