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Garware Technical Fibres Ltd.

BSE: 509557 Sector: Industrials
NSE: GARFIBRES ISIN Code: INE276A01018
BSE 00:00 | 30 Sep 3418.35 17.30
(0.51%)
OPEN

3312.30

HIGH

3476.70

LOW

3312.30

NSE 00:00 | 30 Sep 3442.55 62.65
(1.85%)
OPEN

3379.00

HIGH

3479.90

LOW

3345.00

OPEN 3312.30
PREVIOUS CLOSE 3401.05
VOLUME 1139
52-Week high 4033.40
52-Week low 2611.20
P/E 45.29
Mkt Cap.(Rs cr) 7,049
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 3312.30
CLOSE 3401.05
VOLUME 1139
52-Week high 4033.40
52-Week low 2611.20
P/E 45.29
Mkt Cap.(Rs cr) 7,049
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Garware Technical Fibres Ltd. (GARFIBRES) - Company History

Garware Technical Fibres Limited (GTFL) was incorporated on 1st April 1976 in Mumbai. The Company is a leading manufacturer of technical textiles catering to both domestic and international markets. It provides innovative solutions in the field of fisheries aquaculture shipping sports agriculture coated fabrics and geo-synthetics. It has products manufacturing facilities at Wai and Pune in Western Maharashtra and markets the same in more than 75 countries globally. Presently it is engaged in manufacturing and selling various products such as Ropes Twines Yarn Fishnet Other Nets and Technical Textiles. Incorporated on 1 Apr.'76 in Bombay Garware-Wall Ropes was promoted by Garware Filament Corporation and Wall Ind. Inc US. In 1987 Wall Ind. divested its shareholding which was taken up by the promoters. The company came out with a rights issue in Nov.'95 to part-finance the manufacture of synthetic cordage and fishnet webbings at Wai and the expansion of its capacity in Pune.The company entered into a technical collaboration with Toyo Kogyo Japan to manufacture fishnet webbing machines. It has decided to set up a subsidiary in the US. The company finalised a joint venture with a Danish company to set up a 100% EOU to manufacture braided wires. It has decided to diversify into the manufacture of heat-resistant rubber tension tapes and threads used in the garment industry. A plant at Manchester belonging to Rotunda UK is being dismantled and will be re-erected in Wai by Mar.'96. In domestic market Company concerted efforts in reaching out to the end-users have not only resulted in the imporvement of market share but also enhanced the brand equity enjoyed by the Company products. Company has opened branch office in USA which enable to obtain a strong foothold in the growth American market. The company has been awarded the Top Exporter Awards for the year 1998-99 during 1999-2000 both in Fishnets/Fishing Line and Ropes by `The Plastics Export Promotion Council'. The company has planned to develop Raschel nets for fish farming. During the year 2001 Company received Certificate of Export Excellence in Sports Goods Exports category from The Sports Goods Export Promotion Council New Delhi.During the year 2002 as a part of investment rationalization process Company has disinvested 2300000 shares of Garware ElastomericsLimited (GEL) an associate company of its Group.Consequent upon the application for delisting of the Company's Equity Shares the Company was granted delisting permission from the Stock Exchange at Ahmedabad effective from 2nd January 2006.In FY2011-12 apart from launching solutions for the Company's existing business segments like fishing aquaculture infrastructure and defence it further ventured into two new business segments agritech and coated fabrics. Garware Environmental Services Private Ltd. has become a wholly-owned subsidiary of the Company with effect from 28th November 2012.In FY 2012-13 the Company executed orders for woven geo-textile bags in Singapore and secured first order from UK for composite geo-textile tubes. As an established and well-known player in North America and Europe it expanded footprint in South Asia the Far East South America and Australia.In FY 2013-14 the Company expanded the range with the launch of insect-protection nets which prevent infestation by thrips and other insects that damage crops of horticulturists and other farmers. It expanded application range introducing a multi-purpose multi-benefit product for users of tents and pandals called 'Guru Max'.During the FY 2019-20 the Company incorporated a subsidiary named as Garware Technical Fibres USA INC. (GTF USA INC) in the State of Washington United State of America. Garware Technical Fibres Chile SpA was incorporated as a Wholly Owned Subsidiary (WOS) of the Company in Republic of Chile to expand its presence in Chilean Market. In 2021 it incorporated a Wholly Owned Subsidiary Garware Technical Textile Private Limited (GTTPL). In 2022 it incorporated a Wholly Owned Subsidiary Garware Technical Fibres Foundation.

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