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Ashima Ltd.

BSE: 514286 Sector: Industrials
NSE: ASHIMASYN ISIN Code: INE440A01010
BSE LIVE 15:40 | 23 May 20.00 -0.75
(-3.61%)
OPEN

21.00

HIGH

21.05

LOW

19.60

NSE 15:56 | 23 May 20.00 -0.70
(-3.38%)
OPEN

20.95

HIGH

21.30

LOW

19.50

OPEN 21.00
PREVIOUS CLOSE 20.75
VOLUME 357666
52-Week high 23.20
52-Week low 12.50
P/E
Mkt Cap.(Rs cr) 257
Buy Price 0.00
Buy Qty 0.00
Sell Price 20.00
Sell Qty 400.00
OPEN 21.00
CLOSE 20.75
VOLUME 357666
52-Week high 23.20
52-Week low 12.50
P/E
Mkt Cap.(Rs cr) 257
Buy Price 0.00
Buy Qty 0.00
Sell Price 20.00
Sell Qty 400.00

Ashima Ltd. (ASHIMASYN) - Company History

Ashima (AL), promoted by Chintan N Parikh and Sanjay S Lalbhai, apart from manufacturing synthetic textiles is also into engineering (to manufacture high-tensile fasteners and automobile components), dealership (to sell PFY and POY) and construction. In 1992, after Sanjay Lalbhai's substantial disinvestment, Chintan Parikh acquired a controlling interest in the company. The sizing facility and engineering division were acquired in Jun.'92, as part of the package deal with Anagram Finance. The company set up a 100% EOU to manufacture grey cotton fabrics, which started commercial production in Jun.'93. Within 9 months, this unit was accredited with the ISO-9002 certification. It took over the 20,240 spindles and the entire weaving and processing infrastructure of the Ahmedabad-based Mihir Textiles (of the Sungrace Mafatlal group) in Nov.'93. This was converted into a high-technology denim plant, Ashima Denims, to manufacture and export denim. In 1995, AL promoted Ashima Dyecot with an ultra-modern dye-house to process cotton fabrics and Ashima Spinfab to produce and export finished yarn dyed fabrics. During the year 1999-2000, the captive power plant was fully commissioned and the Company has commissioned one more 3 MW power plant during the year. In pursuit of its strategy to offer one-stop-shop to its international customers, the Company has set up its first garment manufacturing facility. This facility has now commenced full- fledged commercial production and is set to begin despatching garments to leading international and domestic labels this week.