Trimbak Industries (TIL) was incorporated as Trimbak Fibres Industries, a private limited company, in Sep.'89. It was taken over by the present management in Dec.'89. In Feb.'92, TIL was converted into a public limited company and got its present name in May '92. TIL went public in Oct.'93 with FCDs of Rs 300 each to part-finance a 100% EOU (inst. cap. : 2725 tpa) at Mahad, Maharashtra. The company entered into a technical collaboration with Cointex, Hunger Gueistrasse, Switzerland. As a part of its backward integration programme, TIL set up a spinning unit to meet its requirements of quality yarn as well as to increase the terry towel capacity by 25% on achieving full operation of its present capacity. The name of the company has been changed during the May 2004,from Trimbak Industries Ltd to International Hometex Ltd.