Alok Industries ltd is an built-in textile Firm with a product vary comprising of cotton and polyester items. Alok’s primary vegetation are in Vapi, Gujarat and Silvassa and the Firm has a large buyer base the world over that features world retail manufacturers, importers, Private labels, and home clientele.
Alok Industries ltd was engaged in manufacturing of following primary merchandise;
- a) Apparel Materials
- b) Home Textiles
- c) Polyester Yarn.
The registered workplace of the Firm is positioned at 17/5/1, 521/1, Village Rakholi/ Saily, Silvassa, The Union Territory of Dadra and Nagar Haveli-396230.
Alok Industries Ltd Profile
Alok Industries Limited is a Public Limited Firm, domiciled in India and included beneath the provisions of the Firms Act, 1956. The fairness shares of the Firm is listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). It’s primarily engaged within the enterprise of textile manufacturing together with mending and packing actions.
- Gross sales₹ 7,811 Cr.
- Working revenue₹ 386 Cr.
- {Net} revenue₹ -360 Cr.
- Gross sales final yr₹ 7,310 Cr.
- EBIDT final yr₹ 608 Cr.
- Gross sales progress 3Years29.7 %
Alok is without doubt one of the largest vertically built-in textile producers in India. The corporate has a dominant presence within the cotton and polyester worth chain with operations spanning from yarn to completed merchandise. The corporate operates beneath the next 4 divisions:
- Spinning Division
- Polyester Division
- Residence Textiles Division
- Attire & Cloth Division
Alok Industries ltd has built-in enterprise operations for each of its verticals: cotton and polyester as proven under. Its key aggressive benefit is presence throughout your complete textiles & apparel worth chain proper from sourcing the fibre to yarn manufacturing, material manufacturing via knitting and weaving to garmenting, sheeting and terry towels. The combination permits the Firm to optimise selections of in-house and exterior gross sales and buy at each stage to enhance enterprise returns relying on market situations.
- Total Assets₹ 7,719 Cr.
- Reserves₹ -18,856 Cr.
- Debt₹ 24,414 Cr.
- Current assets₹ 1,882 Cr.
- Present liabilities₹ 3,912 Cr.
Alok Industries Limited procures key uncooked materials like uncooked cotton from Maharashtra, Gujarat and Madhya Pradesh, Cotton Yarn from Tamil Nadu, Maharashtra, PTA, MEG and Furnace Oil from Gujarat and Chemical substances and Dyes from Maharashtra and Gujarat. The sourcing of uncooked supplies like cotton, cotton yarn, PTA, MEG have been made via rail wagons and street transport.
Alok began manufacturing Private Protecting gear (PPE) fits and N 95 Masks in a newly began division Security Textiles from Might 2020 and shortly turned one of many largest producers of PPE fits within the nation.
Nonetheless, submit June 2020, with enhance in suppliers of PPE fits together with competitors from unorganised market, the PPE fits and Masks enterprise is just not as profitable because it was within the preliminary interval Might- June 2020.
Textiles Enterprise of Alok Industries
Alok Industries ltd is into single enterprise section i.e. Textiles. Inside Textiles, Alok’s enterprise includes of Cotton Yarn, Attire Cloth (Wovens, Knits & Clothes), Residence Textiles (Sheeting & Terry Towel), and Polyester Yarn.
Manufacturing & Enterprise Excellence
Alok Industries Limited is an built-in textile producer with operations in each cotton & polyester worth chain. The Firm has created world sized capacities and has market presence in home as properly export markets. It has world retailers, manufacturers, reputed
garment producer and merchants in its portfolio of consumers.
Firm has acquired certification of Built-in Administration System comprising of ISO
9001:2015 (QMS), ISO 14001:2015 (EMS) and OHSAS 18001:2007 indicating the robust techniques and processes being adopted by the Firm.
Alok Industries ltd can also be compliant of the well being, security, and atmosphere norms and varied eco certification for its merchandise, as required in export markets. Particulars of those certifications are lined beneath the part “High quality, Security, Well being and Setting”.
Alok’s enterprise excellence is pushed by the next strategic benefits:
- Established relationship with main International manufacturers and retailers
- State-of-the-art manufacturing amenities and supporting infrastructure
- Robust emphasis on High quality, Value and Supply (QCD)
- Economies of Scale that gives aggressive benefits
- Ahead and Backward integration resulting in assured high quality parameters throughout the chain
- Wide selection of merchandise throughout completely different product segments
- In-house product growth and designing
- power.
Subsidiaries of Alok Industries
Textiles: Mileta – By way of its step-down subsidiary, Alok Industries Worldwide Limited, Alok has a 100% stake in Mileta, a Czech-based material manufacturing firm. Mileta’s amenities are positioned in Horice (Weaving and Administration) and Cerny Dul (Processing) within the Czech Republic.
Mileta has excessive finish technological talent in yarn-dyed materials and hemming that leads to increased per unit realisations. The Mileta vary of merchandise consists of prime quality shirting, batistes and voiles, full line of practical desk linen, mattress linen and handkerchiefs.
For the yr ended thirty first March 2021, Mileta has achieved gross sales of 115.42 crore and made a lack of (18.42) crore as in comparison with gross sales of 162.25 crore and lack of(5.47) crore in thirty first March 2020.
Step-down subsidiaries
- Alok Industries Worldwide Limited
- Grabal Alok Worldwide Limited
- Grabal Alok (UK) Limited
(beneath liquidation efficient tenth July 2017) - Mileta, a.s.
- Kesham Builders & Infotech Private Limited (Beneath a voluntary winding up course of efficient
twentieth February 2012) - Springdale Data & Applied sciences Private Limited (Beneath a voluntary winding up course of efficient twentieth February 2012)
UK Retail: Retailer Twenty One Alok held a 99.87% fairness in Grabal Alok (UK) Ltd, a Firm that used to function the ‘Retailer Twenty One’ chain of value-format shops in UK, via its step down subsidiary Alok Industries Worldwide Limited and Grabal Alok Worldwide Limited.
Joint Ventures
- New Metropolis of Bombay Manufacturing Mills Limited
- Aurangabad Textiles and Attire Parks Limited
- Triumphant Victory Holdings Limited
Grabal Alok UK was taken beneath liquidation on tenth July 2017. The Firm has provisioned for your complete funding.
Funding: Alok Infrastructure Limited
The Firm had made some investments within the realty sector via its 100% subsidiary Alok Infrastructure Limited. The plan was to create worth and monetise
the identical on the proper alternative. Nonetheless, depressed market situations in the true property area resulted within the Firm having to dispose off a few of its belongings at losses. The Firm has additionally offered for the loans / advances to the extent not recoverable from its
subsidiaries.
Alok Infrastructure Limited (Alok Infra) was admitted beneath the Company Insolvency Decision Course of (CIRP) when it comes to the Insolvency and chapter Code, 2016 vide an order dated twenty fourth October 2018 of the Hon’ble Nationwide Firm Legislation Tribunal, Mumbai.
