Ashima Ltd

Ashima Ltd

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 20240 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.