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PDS Ltd.

BSE: 538730 Sector: Industrials
NSE: PDSL ISIN Code: INE111Q01013
BSE 00:00 | 01 Jul 1703.00 34.40
(2.06%)
OPEN

1701.95

HIGH

1706.85

LOW

1643.60

NSE 00:00 | 01 Jul 1690.30 15.00
(0.90%)
OPEN

1708.75

HIGH

1708.75

LOW

1645.40

OPEN 1701.95
PREVIOUS CLOSE 1668.60
VOLUME 158
52-Week high 2099.95
52-Week low 988.95
P/E 66.55
Mkt Cap.(Rs cr) 4,445
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 1701.95
CLOSE 1668.60
VOLUME 158
52-Week high 2099.95
52-Week low 988.95
P/E 66.55
Mkt Cap.(Rs cr) 4,445
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

PDS Ltd. (PDSL) - Company History

PDS Ltd (earlier known as PDS Multinational Fashions Limited) was incorporated as public limited company in April 17 1998. The Company is engaged in trading of ready to wear apparels providing services to group companies in exports and sourcing & distribution of their products. Besides the Company is engaged in the business of holding owing leasing or licensing real estate. It has in-house manufacturing facilities in Bangladesh Sri Lanka and India with approximately 130 well-defined production lines.The Company is a sourcing platform of design-led sourcing and manufacturing of consumer goods catering to world's leading fashion brands and retailers having its presence in over 22 different countries. From a single entity to a federation of entrepreneurs to a collaboration platform the company had undergone significant transformation. It has three distinct business verticals involved in sourcing manufacturing and PDS Venture Tech Investments. In 1999 the Promoter family established its flagship companies- Norwest Industries Ltd in Hong Kong and Poeticgem Ltd in UK. In FY 2003 - 2005 the company received approval for sourcing its operations in India and established sourcing operations in China and Bangladesh.In FY 2007-2008 the company entered into denims through establishment of Zamira Fashion in Hong Kong. It launched direct marketing operations in Chile under the names like PG Group and PG Home. It marked the entry into non-apparel category of home wear and home furnishing and formed division in UK for design supply and manufacture of licensed apparel products.In FY 2012-2013 the company established its operations in Turkey Germany Sri Lanka and Spain. It expanded direct marketingoffices in Melbourne Australia. It commenced the corporate services operation in Bangalore. The company received license for operations in Myanmar and set up a leased manufacturing operations in Sri Lanka. During the FY 2014 the company was listed on Indian Stock exchanges post the demerger scheme. It launched NAVEX to strengthen PDS' code of conduct for global compliance. The company entered into joint venture with Techno Germany. It launched sourcing operations in Cambodia Pakistan and Belgium. Besides a fabric sourcing division was setup in Shanghai. The JJ Star operations were started in South China.During the FY 2016-17 the company launched manufacturing facilities in Bangladesh under Progress Apparels (Bangladesh) Limited and Green Smart Shirts Limited. It moved into Technology business to develop and offer cloud-based software and mobile application in HRM-Qandle. During FY 2018 the company commissioned the two manufacturing units in Bangladesh. Its PDS Towers were inaugurated in Gurgaon India. A manufacturing unit was acquired in Sri Lanka (erstwhile TRINCO factory). The company ventured into strategic investments in Atterley.com Holdings an online fashion retailer in UK.During FY 2019-20 the company acquired Kik Services Unit Limited in Bangladesh (Techno Sourcing Bangladesh Ltd)and Lilly & Sid Ltd UKengaged in branded kids apparel.During FY 2020-21 the company acquired 75% stake in Norlanka Brands Private Limited to enter into online/digital business and expand and create opportunities in Indian fashion & apparel business including but not limited to kids wear inner wear & other categories of lifestyle. The company incorporated Dizbi Private Limited with acquisition of 53% stake in Dizbi Private Limited to outsource all IT & ITES services of PDS Group Companies to Dizbi Private Limited and to explore as well as develop innovative products and services to its external clients. Atterley. com Holdings Limited ceased to be an Associate company. The company intend to strengthen its market position through collaborative selling in new regions to existing and new customers. It shares resources especially in design procurement business development and so on. The company has introduced Joint P&L (JPL) plan to facilitate partnerships between individual business units driving better collaboration across the businesses and providing higher serviceability to its customers. There is continuous monitoring and optimisation of operating costs. There is procurement especially of fabric and trims at better pricing. It enhances customer service to ensure repeat orders and referrals from existing customers.

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