Promoted by K Subburaj and his associates, Cethar Industries was incorporated in Jul.'90 as a public limited company.
The company set up facilities at two places in Tamilnadu for the manufacture of readymade knitted garments. At the Irungalur (Trichy district) unit, knitting sewing and garment finishing finishing operations are carried out and at Veeradipatti (Pudukottai district) unit, knitted fabrics will be processed and finished. The sewing line became operational in Sep.'95.
The company came out with a public issue in Dec.'95 to part-finance the project.
In 1996-97, Company project was delayed by 6 months due to in completion of Public Issue, and commercial production commenced from July.'96. As the networth of the company was fully eroded the company make a reference to BIFR under SICA. It is also planning to develop new designs to meet export and domestic market.bb