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Magan Industries Ltd.

BSE: 530411 Sector: Industrials
NSE: N.A. ISIN Code: INE402B01026
BSE 05:30 | 01 Jan Magan Industries Ltd
NSE 05:30 | 01 Jan Magan Industries Ltd

Magan Industries Ltd. (MAGANINDUSTRIES) - Company History

Incorporated in Jan.'91 as a public limited company as Magan Lease & Finance, Magan Industries (MIL), presently known as Shekhawat Industries Ltd, was promoted by D Shekhawat to undertake the business of hire-purchase, leasing and to finance lease operations of all kinds. MIL has diversified into the manufacture of cotton yarn and the company changed its name to its present one in Feb.'92. The company went public in Feb.'93 to part-finance the cost of setting up an open-end yarn spinning unit at Chhatral in Mehsana district, Gujarat. Open-end yarn is used for ropes, strings, cords, tyre cords and industrial fabric.