Nahar Group of Companies Hotels Owner

NAHAR Group of Companies also known as OWM Group is a leading industrial house of northern India, continuously growing and diversifying its activities for economic prosperity of its shareholders and stakeholders, while engaging itself to the well being of Community and environment.

Emanating in 1949 as an small woollen worsted spinner and Hosiery manufacturer, Group has grown itself as leading textile giant of Northern India manufacturing.

In addition to these major activities, Group is diversifying into new areas and as on date Group is engaged into Sugar Manufacturing, BOPP film, Investments, Lending, Financial Advisory, Solar Power Generation, Wind Mills and Non-Conventional Co- Generation Power Plant etc. etc.

Productive work environment, Corporate Governance, Healthy business ethics, continuous improvement and dynamic employee engagement have been the key to our excellence as an Industry Leader.

List of Nahar Group of Companies

So here is the List of Nahar Group of Companies

Nahar Spinning Mills Ltd

Nahar Spinning Mills Limited Started out as a tiny worsted Spinning & Hosiery unit in Ludhiana. It was incorporated as a Private Limited company in December, 1980 and became a Public Limited Company in 1983. The steady growth in manufacture and Export of woollen/cotton hosiery knitwears and woollen textiles enabled the company to earn the recognition as an “Export House” followed by a “Recognized Trading House” by the Government of India in a short span. Its turbo-charged performance brought them a host of fresh laurels….. They include the “National Export Trophy” by the Apparel Export Promotion Council.

In 1992, as a measure of backward integration, the company diversified into the Spinning Industry by putting up a Spinning Plant at Village Simrai, Mandideep, Distt. Bhopal. To produce high quality value added Yarn for exports, company also put up Spinning Units at Village Jalalpur, Distt. S.A.S. Nagar, Village Jodhan, Distt. Ludhiana and Village Jitwal Kalan, Distt. Sangrur, Punjab. The present spindlage capacity of the company is 5.38 Lacs (approx.) spindles and 1080 Rotors.

• Revenue: ₹ 3,718 Cr
• Market Cap: ₹ 1,108 Cr.
• Dividend Yield: 1.14 %
• ROCE: 32.5 %
• ROE: 40.0 %
• Face Value: ₹ 5.00
• Promoter holding: 66.3 %
• Debt to equity: 0.63

Simultaneously the company also established an ultra modern facility to manufacture 12.5 million pieces of Hosiery Garments. Today, Company’s products i.e. T-Shirts are being exported to reputed international brands such as GAP, Arrow, Old Navy, Banana Republic, Chaps … etc.

As a measure of further value addition in the Company’s product the Company has put up a Mercersing cum dyeing plant with a capacity of 4.5 M.T. per day at Village Lalru, S.A.S. Nagar, Punjab. The superfine quality Yarn produced by the unit is being used by the manufacturers of fine quality Garments for exports. The unit is catering to both, the domestic hosiery garment market as well as export markets.

An ISO 9002 company, the Company has 7 multi location plants, a range of products, over 60% of which is aimed at export markets – USA, UK, France, Brazil, Bangladesh, Mauritius, Hondurus, Argentina, Colombia, Peru, Chile, Netherlands, Japan, Canada, Korea, Taiwan, Hongkong, Singapore, Egypt and Russia.

The Company is one of the largest integrated textile player in India. The Management vision coupled with company’s inherent strength in terms of cost and quality has enabled the company to become the second largest Cotton Yarn manufacturer in India.

Nahar Polyfilms Ltd

Nahar Poly Films Limited (Previously known as Nahar Exports Limited) belongs to ‘Nahar Group of Companies’. The company was incorporated as a Public Limited Company on 11th November, 1988. Earlier the company was engaged in the manufacture and Exports of Cotton, Synthetic and blended Yarns.

In the year 2009, Management decided to put up a BI-AXIALLY ORIENTED POLYPOROPYLENE FILMS (BOPP FILMS) project with an annual capacity of 30000 Ton at Distt. Raisen (near Bhopal) in the State of Madhya Pradesh. The BOPP Films are mainly used in flexible packaging and sold in the domestic and international markets.

• Revenue: ₹ 608 Cr
• Market Cap: ₹ 824 Cr.
• Dividend Yield: 0.75 %
• ROCE: 14.0 %
• ROE: 13.6 %
• Face Value: ₹ 5.00
• Promoter holding: 70.6 %
• Debt to equity: 0.19

The BOPP Films Project was fully implemented in the year 2010 and commenced operations on 20th May, 2010. The plant is equipped with Ultra Modern Machinery imported from ‘Bruckner’ of Germany. The company is manufacturing Metalissed and Unmetalissed sealable and non sealable films. The company’s products have been well received in both the domestic and overseas markets.

Nahar Capital & Financial Services Ltd

Nahar Capital & Financial Services Ltd was incorporated on 31st March, 2006 as Public Limited Company under the Companies Act, 1956 with the object of carrying on Investment Business, which was hived off from NAHAR SPINNING MILLS LIMITED pursuant to the Scheme of Demerger and Arrangement duly approved by Hon’ble Punjab and Haryana High Court, Chandigarh as per Order dated 21st December, 2006.

The main business activity of the Company is to carry on the business of investment in shares, debentures, stock, bonds and securities of all kinds and other businesses generally carried on by finance and investment companies. The Company is doing investment activities with long term perspective as well as doing trading business to avail the benefits of short term investment/financial opportunities in the present market conditions.

The Company is also doing the lending activities to avail the benefits of financial opportunities in the present market conditions and for the further growth and profitability of the Company. The Company usually lend against the security of shares, Government Bonds, gold, property and other assets.

• Revenue: ₹ 46 Cr
• Market Cap: ₹ 606 Cr.
• Book Value: ₹ 931
• Dividend Yield: 0.84 %
• ROCE: 23.4 %
• ROE: 17.4 %
• Face Value: ₹ 5.00
• Promoter holding: 71.5 %
• Debt to equity: 0.00

The Company registered with Reserve Bank of India (RBI) vide its Registration No. N-06.00588 dated 22nd January, 2008 as Non Deposit Taking Non Banking Financial Company (NBFC-ND). The Company has been categorized as Systematically Important Non Deposit Taking Non Banking Financial Company (NBFCs-ND-SI) as per Non Banking Financial (Non Deposit Accepting or Holding) Companies Prudential Norms Directions, 2007 of Reserve Bank of India.

Nahar Industrial Enterprises Ltd

Nahar Industrial Enterprises Limited (NIEL) was incorporated on 27th September, 1983. NIEL is a vertically-integrated textile manufacturer, with operations ranging from spinning, weaving & processing and also having sugar unit with 2500 TCD per day. NIEL is evolution of amalgamation of different group companies with it.

• Revenue: ₹ 2,045 Cr
• Market Cap: ₹ 443 Cr.
• Dividend Yield: 0.00 %
• ROCE: 18.5 %
• ROE: 20.6 %
• Face Value: ₹ 10.0
• Promoter holding: 68.8 %
• Debt to equity: 0.79

NIEL’s strategic objective is to capitalize on the growth opportunities that it believes are available in the domestic and global textile industry. At the same time the company recognizes the competitive nature of the industry, especially with pressure from Asia, and that to maintain growth it must continue to improve production process and reduce costs.

Oswal Woollen Mills Limited (OWM)

Oswal Woollen Mills Limited (OWM), is the parent company of the Nahar Group of Companies (the Nahar Group). OWM was incorporated in 1949 by Late Mr. Vidya Sagar Oswal, father of Mr. Jawahar Lal Oswal, the present Chairman and Managing Director. OWM is one of the pioneers of the organized Indian woollen hosiery industry. It made a modest beginning as a manufacturer of hosiery items, which was followed by setting up a worsted Woollen spinning plant of 800 spindles in 1954 to serve as a backward integration of the then existing manufacturing activities. It was one of the first worsted Woollen spinning plant in the Northern India.

Marching ahead in the journey and keeping pace with overall industrial development in India, the Company is now one of the biggest producers of worsted Woollen yarns in the country. products include various types of specialty yarns, such as, worsted Woollen yarn, lamb wool yarn, acrylic yarn, various types of wool based blended yarn, fancy yarn, hand knitting yarn etc under the popular brand name ‘OWM’.

In March 2006 the company added manufacturing of indigo dyed specialty denim fabric to its existing vast range of product portfolios. In June 2007, a cotton spinning unit was set up as a backwards integration of Denim plant. The manufacturing facilities of the company are spread across various locations in and around Ludhiana in Punjab fully backed by the facilities for product development and efficient testing infrastructure to provide quality products to our customers. The company products particularly the yarns have been exhibited as the best products by the International Wool Secretariat (IWS) (an international body for regulating the spinning and hosiery industry).

Cotton County Retail Limited

Cotton County Retail Limited was incorporated in November, 2001 as Creative Textrade Private Limited. The name of the company was changed to Cotton County Retail Limited in May, 2008. Cotton County is a brand that celebrates the natural appeal of Cotton. Its U.S.P lies in the use of the breathe-easy cotton fabric that is functional, comfortable, natural, organic and therefore environment friendly.

The functional textiles are fashioned with innovative finishes that merge nature with technique. Cotton County is a totally integrated player across the entire value chain of manufacturing and retailing. Cotton County has a strong position in the immensely competitive ready-to-wear apparel market as a “value for money” brand. The Company owns approximately 500 exclusive brand outlets in Tier-2 and Tier-3 cities, has positioned itself as one of the top apparel retailers across the country with an impressive brand recall amongst consumers.

The company today offers a wide range of products across summer wear (formal, casual shirts, T-shirts, cotton trousers and denims) and winter-wear (sweaters, jackets, coats, suits, sweat-shirt).

The company owns the brand ‘Cotton County’ one of the country’s most popular brands in the mid-price menswear segment. Apart from this, it has two other brands – ‘French Republic’ and ‘Tazo’, a kids wear brand.

Oswal Leasing Limited

Oswal Leasing Limited, a Company Incorporated under the Companies Act, 1956 was Initially incorporated as OSWAL LEASING PRIVATE LIMITED on 30th June, 1983 and subsequently its status was changed into a Public Limited Company, vide Certificate Dated 22nd August, 1983 and accordingly the name was changed to Oswal Leasing Limited with the object of carrying on Investment Business.

It is a Company listed with the Bombay Stock Exchange Limited (BSE Code: 509099), and registered as a NBFC under the Reserve Bank of India (RBI), vide Registration No. 14.00489 dated 19th March, 1998.

The main business activity of the Company is to carry on the business of a leasing and hire purchase finance company and to acquire to provide on lease or to provide on hire purchase basis all types of industrial and office plant, equipment, machinery, vehicles, buildings and real estate, required for manufacturing, processing, transportation and trading business and other commercial and service business. Also to finance Industrial Enterprises and to promote companies engaged in industrial and trading business.

Kovalam Investment & Trading Company Ltd

Kovalam Investment & Trading Company Ltd (KITCL), a Company incorporated under the Companies Act 1956 as a Public Limited Company on 28th, November, 1981 with the object of carrying on industrial finance & Investment Business.

The Company was originally incorporated at Mumbai in the State of Maharashtra. Subsequently in the year 1999, the registered office of the Company was shifted to Ludhiana in the State of Punjab vide CLB order dated 19.8.1999.

The Company is listed with the Bombay stock Exchange Limited (BSE Code 505585) and registered as a NBFC under the Reserve Bank of India (RBI), vide Registration No.N-06.00576 dated 17th October 2003, as Non Deposit taking Non Banking Financial Company (NBFC-ND). as per Non Banking Financial (Non Deposit Accepting or Holding) Companies Prudential Norms Directions, 2007 of Reserve Bank of India.

The main business activity of the Company is to carry on the business of investment in shares, debentures, stock, bonds and securities of all kinds and other businesses generally carried on by finance and investment companies with investment activities with long term perspective. The Company is as well as earning brokerage income by mobilizing funds of the third parties in the capital market.