You are here » Home » Companies » Company Overview » Ashima Ltd

Ashima Ltd.

BSE: 514286 Sector: Industrials
NSE: ASHIMASYN ISIN Code: INE440A01010
BSE 13:45 | 25 Oct 18.05 0.15
(0.84%)
OPEN

18.05

HIGH

18.20

LOW

17.85

NSE 13:49 | 25 Oct 18.00 -0.10
(-0.55%)
OPEN

18.50

HIGH

18.50

LOW

17.80

OPEN 18.05
PREVIOUS CLOSE 17.90
VOLUME 787
52-Week high 21.65
52-Week low 6.51
P/E
Mkt Cap.(Rs cr) 346
Buy Price 17.80
Buy Qty 2.00
Sell Price 18.05
Sell Qty 1422.00
OPEN 18.05
CLOSE 17.90
VOLUME 787
52-Week high 21.65
52-Week low 6.51
P/E
Mkt Cap.(Rs cr) 346
Buy Price 17.80
Buy Qty 2.00
Sell Price 18.05
Sell Qty 1422.00

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 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.

.