Alok Industries

Alok Industries Ltd, is an Indian Textile manufacturing company based in Mumbai, India.[6][7] ISO 9001:2000 certified company. Its main business involves weaving, knitting, processing, home textiles, ready made garments and polyester yarns.[8] It exports 26% of its products to over 90 countries in the US, Europe, South America, Asia and Africa.[9] Reliance Industries Ltd and JM Financial Ltd take over the company after having acquired it in bankruptcy proceedings.[10]

Alok Industries Ltd
TypePublic
Industry
Founded1986 (1986)
FounderSurendra Jiwrajka
Headquarters
Mumbai, Maharashtra
,
India[1]
Key people
Siddharth Achuthan
(MD)[2]
Revenue₹131,810 million (US$1.8 billion) (2014)[3]
₹2,424.5 million (US$34 million) (2010)[4]
Number of employees
20,169[5]
ParentReliance Industries
Subsidiaries
  • Grabal Alok Impex
  • Alok Apparels Pvt. Ltd
  • Alok Retail India Ltd
  • Alok Infrastructure Pvt Ltd
  • Mileta a.
  • Alok International Inc
  • Alok H&A Ltd
Websitewww.alokind.com

History

It was established in 1986. In 1989, the company set up its first polyester texturising plant. The company became public in 1993 and was listed on Bombay Stock Exchange and National Stock Exchange of India with an IPO of Rs. 4.5 Cr.[11] The company Grabal Alok Impex Limited was amalgamated with Alok Industries on 1 April 2011.[6]

Retail

Alok H&A Ltd is a wholly owned subsidiary of Alok Industries Ltd. There are 250 store in India under the brand name H&A. Alok has a 91% stake in Grabal Alok (UK) Ltd, which had 210 stores under the brand Store Twenty One.[9]

Store Twenty One entered compulsory liquidation in July 2017, closing all stores.

See also

References
  1. "Alok Industrial Limited – Integrated Textile Solutions". Alokind.com. Archived from the original on 10 October 2010. Retrieved 29 September 2010.
  2. "Alok Industries spins Victoria's Secret in Burkina Faso". Business Standard. 5 September 2010. Retrieved 29 September 2010.
  3. "Alok Industries". Moneycontrol.com.
  4. "BSE Plus". Bseindia.com. Retrieved 29 September 2010.
  5. "Alok Industries Ltd. (2584385): Stock Quote & Company Profile – BusinessWeek". Bloomberg BusinessWeek. Retrieved 29 September 2010.
  6. http://www.alokind.com/milestones.html
  7. "Alok Industries". Business.mapsofindia.com. 31 March 2006. Retrieved 29 September 2010.
  8. "Alok Industries' QIP will hurt earnings in the near term – Money Matters". livemint.com. 28 March 2010. Retrieved 29 September 2010.
  9. http://www.bseindia.com/bseplus/AnnualReport/521070/5210700913.pdf
  10. "Jain Associates gets NCLT approval for Alok Industries - Times of India". The Times of India. Retrieved 8 April 2019.
  11. "Alok Industrial Limited – Integrated Textile Solutions". Alokind.com. Archived from the original on 10 October 2010. Retrieved 29 September 2010.
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