Jattashankar Industries Ltd

Jattashankar Industries Ltd

Incorporated as a private limited company in Aug.'88 Jatta Poly-Yarn set up a texturising and twisting plant at Silvassa. Commercial production of twisting machines commenced in Mar.'89 and that at the texturising plant commenced in Jun.'89. It was promoted by Subhkaran Poddar Jatta Shankar Poddar and Sharad Poddar.In Mar.'90 the company implemented an expansion of its twisting capacity by installing 12 additional uptwister twisting machines. It increased its product range to include texturised twisted and bright yarns. The company was converted into a public limited company in Mar.'93.The company came out with public issue in Oct.'93 to part-finance the setting up of a texturising unit at Silvassa. Commercial production at the new unit commenced in Mar.'94. In 1995-96 the company's gross sales was higher by about 24.22% than the previous year's. The company is developing new shades of dyed yarn. During 1996-97 due to reduction in excise duty company is benefitted and is further supported by increasing trends of the local as well as outstation price realisation both in grey and dyed yarn. To maintain the quality of dyed yarns and to increased its installed capacity company has installed 2 Texturising Machines.