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Pradip Overseas Ltd.

BSE: 533178 Sector: Industrials
NSE: PRADIP ISIN Code: INE495J01015
BSE 00:00 | 20 Mar 0.79 0
(0.00%)
OPEN

0.79

HIGH

0.79

LOW

0.79

NSE 00:00 | 27 Mar 0.35 0.05
(16.67%)
OPEN

0.30

HIGH

0.35

LOW

0.30

OPEN 0.79
PREVIOUS CLOSE 0.79
VOLUME 660
52-Week high 1.48
52-Week low 0.79
P/E 0.09
Mkt Cap.(Rs cr) 4
Buy Price 1.26
Buy Qty 1.00
Sell Price 0.79
Sell Qty 36894.00
OPEN 0.79
CLOSE 0.79
VOLUME 660
52-Week high 1.48
52-Week low 0.79
P/E 0.09
Mkt Cap.(Rs cr) 4
Buy Price 1.26
Buy Qty 1.00
Sell Price 0.79
Sell Qty 36894.00

Pradip Overseas Ltd. (PRADIP) - Company History

Pradip Overseas Ltd is one of the few textile manufacturers with niche focus on Home Linen Products of both, wider width and narrow width. The company is engaged in the business of manufacturing of wider width home linen and textile products. They manufactures a range of Home Linen Products which includes Flat and fitted sheets for double and single beds both in Narrow Width and Wider Width, Quilt Covers and Pillow covers, Mattress Covers, Quilts Poly/Cotton Filled and Curtains. The company is having their manufacturing unit located at Changodar near Ahmedabad in Gujarat. The existing unit has easy access to road and rail transport enabling the movement of materials and finished products. In addition to the sales in the domestic markets, the company's products are being exported to markets in more than twenty countries directly and indirectly. Pradip Overseas Ltd was incorporated on June 29, 2005 with the name Chetan Textiles Pvt Ltd. Originally, the company was formed as a partnership firm on April 13, 2005 with the name Vishal Textile and in June 15, 2005, the firm name was changed to Chetan Textiles. The company started commercial production of Wider Width Home Linen Products from February 3, 2006 in their manufacturing unit. In August 9, 2006, the company was converted into a public limited company and the name was changed from Chetan Textiles Pvt Ltd to Chetan Textiles Ltd. During the year 2006-07, the company increased the installed capacity from 24.96 million metres per annum to 79.20 million metres per annum. They developed unique product mix combining Home Linen and Bed Linen products of Narrow and Wider width. The textile unit of erstwhile Pradip Overseas Ltd (now Pradip Enterprises Ltd) was merged with the company with effect from April 01, 2006, and subsequently the name of the company was changed to Pradip Overseas Ltd with effect from October 1, 2007. The name of the erstwhile Pradip Overseas Ltd was changed to Pradip Enterprises Ltd pursuant to the scheme of de-merger. Post merger, the company had two State-of-the-Art and one of the largest Wider and Narrow width fabric processing facilities under single roof, in the country. During the year 2007-08, the company increased the installed capacity from 79.20 million metres per annum to 108.50 million metres per annum. During the year 2008-09, the company increased the installed capacity from 108.50 million metres per annum to 115.50 million metres per annum. In June 2008, they launched their first branded bed linen under the brand name 'Lucy-B-Linen' in domestic market. During the year 2009-10, the company increased the installed capacity from 115.50 million metres per annum to 136.50 million metres per annum. The company has undertaken setting up of new production capacities in textile SEZ near Ahmedabad. They have preferred to build business volume ahead of the new capacities going on stream.