SEL Manufacturing Company Ltd

SEL Manufacturing Company Ltd

SEL Manufacturing Company Ltd. was initially incorporated under the name Saluja Exim Ltd as a public limited company on May 8 2000. It is a part of the R S Saluja Group of Companies set up by Mr. Ram Saran Saluja. The R S Saluja Group has been in existence for more than 35 years having facilities for manufacture of yarns fabrics garments. In the year 2003 the company name was changed to SEL Manufacturing Company Ltd.The company has vertically integrated multi-product textile company manufacturing and exporting Knitted Garments Terry Towels Knitted & Processed Fabric and various kind of Yarn with production facilities located at Ludhiana and NawanSheher in Punjab Baddi in Himachal Pradesh and Sehore in Madhya Pradesh. To cater to target exports markets the company has opened representative offices in Russia and Dubai. Presently majority of garments is exported to Russia and U.A.E. The company has operating with a consolidated capacity to manufacture 6 million garment pieces per annum and capacities in cotton yarn fabric knitting and fabric processing & dyeing are at approximately 49056 spindles (11088 tons yarns per annum) 4050 tons per annum of fabric knitting per annum and 3000 tons per annum of fabric processing & dyeing respectively.The Company was admitted as a 99% partner in M/s S E Exports (Firm) from April 1 2005 with two Promoters viz. Mr. Dhiraj Saluja and Mrs. Reema Saluja as the other two partners with 0.5% stake each vide partnership deed dated April 1 2005. M/s S E Exports is a partnership firm constituted vide a partnership deed dated May 14 2001. The Firm has engaged in the business of manufacture of value added knitted garments having production facilities located in the tax free zone in Baddi in Himachal Pradesh.Saluja Processors Private Limited (SPPL) and Saluja Fabrics Limited (SFL) both forming part of the R S Saluja Group were merged with Company w.e.f April 1 2004. Both SPPL and SFL were involved in the business of spinning knitting dyeing & manufacturing of polyester textured yarn and manufacture and exports of readymade garments.June 2006 the Company has acquired the 100% EOU Spinning Unit of Saluja Cotex Private Limited SCPL). SCPL forms part of the R S Saluja Group of companies and is engaged in the business of textile. In 2007 the company has acquired land & building along with 150 garmenting machines (assets) of a garmenting unit of Utkarsh Apparels situated in Ludhiana.During the year 2008 the Company had issued and allotted 4138410 Equity Shares through Initial Public Offer (IPO) and 1260800 Equity Shares through Pre IPO placements. It acquired the manufacturing facilities of a unit consisting of installed capacity of 4.5 million pieces of readymade garments. It increased 99% stake into a subsidiary firm M/s Kudu Industries.The Company set up a Terry Towel Plant with capacity of 10 TPD of Terry Towel which commenced production in financial year 2008-09. The Company acquired majority stake of 99.75% in SEL Textiles Pvt. Ltd. making it a subsidiary. A new Spinning unit was installed under the subsidiary i.e. SEL Textiles Ltd. in Punjab having the capacity of about 188000 Spindles during year 2010-11. The captive Power Plant was established having capacity of 22MW.The Company acquired majority stake in SEL Ecochem Pvt. Ltd. in July 2012 and SEL Ecochem Pvt. Ltd. was made Subsidiary of the Company in FY 2011-12.