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ALPS INDUSTRIES LTD.

18 November 2024 | 12:00

Industry >> Textiles - General

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ISIN No INE093B01015 BSE Code / NSE Code 530715 / ALPSINDUS Book Value (Rs.) -212.05 Face Value 10.00
Bookclosure 11/09/2024 52Week High 5 EPS 0.00 P/E 0.00
Market Cap. 15.61 Cr. 52Week Low 2 P/BV / Div Yield (%) -0.02 / 0.00 Market Lot 1.00
Security Type Other

History of Company

The company history sections lists out major chronological events that happened to the company.

YEAR                                                             EVENTS
1972 - The Company was incorporated as a Private Limited Company under
       the Companies Act, 1956 on 11th May, under the name and style of
       Alps Textiles Pvt Ltd. and subsequently converted into public
       limited company vide fresh certificate of incorporation issued on
       02/09/1994 and was renamed as Alps Industries Ltd. on Nov. 15,
       1994 and another fresh  certificate of incorporation was issued
       by ROC Kanpur.
- Alps Industries Ltd. (formerly known as Alps Textiles Ltd.) was promoted by Shri K.K. Agarwal a well known technocrat and industrialist along with his associates.

- The Company is engaged in the manufacturing and export of home furnishings and selling it's product range of venetian and vertical blinds, drapery rods, and other interior decorative and architectural items under the established brand name of "VISTA LEVOLOR".

- The company has entered into an agreement with Textile department of Indian Institute of Technology (IIT), Delhi for providing the technical assistance.

1975 - The company has been awarded by Handloom Export Promotion Council, Chennai for export of its product for the year 1975-76, 1977-78, 1981-82, 1982-83 and 1984-85, and has received State Export award from Government of U.P. for the year 1983-84, 1984-85, 1987-88, 1988-89 and 1989-90.

- 100% EOU project for setting up of integrated manufacturing facilities for Eco-Friendly vegetable dyes, cotton yarn, fabric and made-ups.

1987 - The company has also been awarded with Bronze Trophy by TEXPROCIL in the year 1987-88. The management conceived the idea for setting up of plant for manufacturing vegetable dyes, dyeing of Cotton fibre with Vegetable dyes and Spinning of Vegetable dyed yarn, weaving of fabrics therefrom and converting into made ups.

1989 - The company achieved another milestone by entering into the agreement with Levolor Lorentzen Inc., presently known as Levolor Corporation, one of the leading manufacturer of window coverings in U.S.A., to sell and manufacture in India the line of `Levolor' Products exclusively.

- The Company subsequently introduced a new range of Venetian blinds under the brand name of Vista Levolor. Diversifying into the range of interior decoratives, the company introduced Aluminium Panels for False Ceiling.

- The company setup a research and development wing. The company started a research programme on vegetable dyes to develop an Eco friendly range of natural dyes.

1993 - An agreement was entered into with Indian Institute of Technology (I.I.T) Delhi for sponsorship of research and development programme of Vegetable Dyes.

- A pilot plant was set up in the existing unit of the company for manufacturing of vegetable dyes and a latest range of vegetable dyed fabrics and made ups were launched in the market.

- The company has established a large marketing network in India and abroad.

- The Company proposes to set up a 100% export oriented unit at 57/2, Site IV, Sahibabad Industrial Area, in District Ghaziabad, Uttar Pradesh.

1994 - 52350 No. of Equity Shares of Rs 100 each has been sub-divided into 10 Equity Shares of Rs 10 each converting them into 5,23,500 No. of Equity Shares of Rs 10/- each.

- The Company is setting up the manufacturing facility for 600 tpa of vegetable dyes.

- The project of 683 tpa of cotton fiber dyeing and 315 tpa of yarn dyeing is being set up for getting uniform and better business properties of yarn produced from the cotton.

- The Company proposes to set up a plant for spinning 1594 tons per annum of cotton yarn with an average count of 14s.

- The Company has built up a wide distribution network with 86 dealers through out the country having a scattered network of distributors.

- The Company has issued Bonus Shares out of revaluation reserves amounting to Rs 157.05 Lacs on 2nd February.

- Paid up Share Capital of the Company is Rs 2,97,01,000 divided into 29,70,100 No. of Equity Shares of Rs 10 each including 27,68,100 Shares issued for other than cash.

1995 - The Company has tie-up with Levolor Corporation, USA, one of the leading manufacturers of window coverings in USA, for manufacture and sale of Levolor line of products in India.

1997 - During the year, Company has also started business with new parties in the international market with whom volume of business is expected to grow further.

- Sales of Window Covering Division (Vista) have increased during the current year. The Company has launched window awnings and garden umbrellas in collaboration with Franciaflex Company, France.

- It was decided to increase the weaving capacity by installing additional 43 looms.

1998 - The performance of Window Covering Division (Vista) was adversely affected by the recession in the domestic market. In this division also, several new product have been added in order to widen the product range as well as, keeping in mind customer service, several improvisations have been made in the existing products.

- The Company embarked upon an expansion plan involving increase in weaving and made-ups facilities. The project has been recently commissioned and full benefits shall accrue in the current financial year.

1999 - The company is entering the laminated floorings and Pashmina shawls markets as part of its growth plan. Pashmina shawls and laminated floorings will be launched in the domestic market during the festival season.

- AIL has introduced a wide range of home furnishing products using naturally-grown coloured cotton, which has a significant demand in overseas market.

- Alps Industries, poineers in window fashions, has introduced laminate wooden floorings under the Vista Floor Fashions brand. The company which has been expanding its horizon in home decor, has also recently launched another new product -- bed co-ordinates under the Vista Home fashions brand.

2000 - The Company has introduced Mistral, a new drape system under the Vista Levolor brand name.

           - The Company has launched the construction of a vertical portal on
              interiors industry.

           - The Company is diversifying into IT with the construction of a
              portal on interior industry.
- Alps Industries has introduced Le Pashmina branded shawls. It is claimed to be the first time that such branded shawls are being launched in India.

- Alps Industries has introduced Topper Valance Pelmets.

2001 - Alps Industries Ltd. makers of Vista Levolor blinds -- has introduced the `Karat' vertical blinds.

- Alps Industries Ltd, manufacturers of Vista Levolor, has launched a new portal on interior called www.Improveinteriors.com. The portal reportedly caters to individuals as well as architects, designers and contractors.

2003 -Alps Industries members approved delisting from Kanpur, Delhi and Ahmedabad Stock Exchanges

2006

-Alps Industries has given the Bonus in the Ratio of 1:1

2015

-Alps Industries Ltd has informed that the Registered office of the Company has been shifted from B-2, Loni Road Industrial Area, Opp. Mohan Nagar, Ghaziabad - 201007 (U.P.) to 57/2, Site-IV Industrial Area, Sahibabad, Ghaziabad - 201010 (U.P.)