The company was incorporated as Hina-fi Pvt Ltd on 16 Jul.'91 and was converted into a public limited company on 5 Mar.'94. Its name was changed to the present one -- Hinafil India, in Apr.'94. The company was incorporated with the main object of manufacture of nylon filament yarn, rayon, plastic, cotton, jute, wool, silk, art silk, man-made synthetic fibres and substitutes therof.
The company setup a plant to manufacture nylon monofilament yarn at Vapi, Gujarat. Commercial production commenced in 1995. Being the first year of conmmercial production , during 1995-96, the company could not utilise the full capacity. As a result, the sales performance couldn't be achieved at full. The company hasn't made any forex earnings during the year.
During the year 1998-99 Company has increased its Turnover & Net profit increased by 27%. Company is very much confident about the future profits & commenced as per plan.