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Ashima Ltd.

BSE: 514286 Sector: Industrials
NSE: ASHIMASYN ISIN Code: INE440A01010
BSE 00:00 | 30 Oct 7.36 -0.37
(-4.79%)
OPEN

7.35

HIGH

7.49

LOW

7.35

NSE 00:00 | 30 Oct 7.20 -0.10
(-1.37%)
OPEN

7.40

HIGH

7.45

LOW

7.20

OPEN 7.35
PREVIOUS CLOSE 7.73
VOLUME 480
52-Week high 9.80
52-Week low 3.00
P/E
Mkt Cap.(Rs cr) 95
Buy Price 7.36
Buy Qty 100.00
Sell Price 7.48
Sell Qty 10.00
OPEN 7.35
CLOSE 7.73
VOLUME 480
52-Week high 9.80
52-Week low 3.00
P/E
Mkt Cap.(Rs cr) 95
Buy Price 7.36
Buy Qty 100.00
Sell Price 7.48
Sell Qty 10.00

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.

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