Knitworth Exports was incorporated in Sep.'94 and is promoted by Naresh Agarwal, Vimal Goel and Raj Kumar Agarwal.
The company is setting up an EOU at Mouza Banganagar, West Bengal, to manufacture cotton knitted socks with an installed capacity of 7.98 lac dozen pairs pa.
The company came out with a public issue of 29 lac equity shares of Rs 10 each for cash at par, aggregating Rs 290 lac, to part-finance the project.
During 1996-97, dur to delay in the commencement of the project company could achieve only a turnover of 16 lacs by the end of March 1997. The company has also achieved the marketing network.