Alok Industries is an Indian textile manufacturing company headquartered in Mumbai, India. Established in 1986 as a privately held corporation, it then transformed into a publicly traded corporation in 1993. Reliance Industries owns the company, which is among India’s largest vertically integrated textile companies. Alok Industries provides a wide range of products including home textiles, cotton yarn, apparel fabric, garments, technical textiles, textile accessories, and polyester yarn. The company was founded by Surendra Jiwrajka.
HISTORY OF THE COMPANY
Alok Industries was established in 1986 as a privately held corporation. The year 1989 witnessed a momentous event with the establishment of their inaugural polyester texturizing facility. In 1993, they had converted into a publicly traded corporation. Throughout the years, they have expanded their operations to include weaving, knitting, processing, household textiles, and clothing.
OPERATIONAL ANALYSIS
The company’s primary operations include the production of weaving and knit fabrics, textile processing, manufacturing of home textiles, ready-made clothing, and polyester yarns. The company sells 25% of its products to more than 90 nations across the United States, Europe, South America, Asia, and Africa. The company’s clientele comprises esteemed brands such as Levi’s, Walmart, Zara, Calvin Klein, H&M, Tommy Hilfiger, PVH, Tesco, Costco Wholesale, Bestseller, Bershka, Kohl’s, Next, Pull&Bear, Reliance Retail, and numerous others. Alok Industries holds an ownership stake in Mileta, a textile manufacturer incorporated in the Czech Republic. Exports account for 90% of the total production. Alok Industries holds certifications such as Global Organic Textiles (GOTS), OEKOTEX, Made In Green, Fairtrade, Egyptian Cotton, ISO 9001, ISO 18001, OHSAS 45001, MADE IN GREEN – STeP, and OKEOTEX 100.
Over the course of several decades, Alok Industries has expanded its operations to include weaving, knitting, processing, household textiles, and clothing. All direct retail stores of the corporation, including Store 21 and H&A, have been closed. Nevertheless, they have been retailing a portion of their merchandise on their affiliated platforms Ajio, which is supported by their parent company Reliance, as well as on Amazon. In addition, they provide their items to Reliance Retail.
NET WORTH
As of early December , 2023, the stock price of Alok Industries Ltd. is ₹23.30 on the NSE and ₹23.41 on the BSE. The total asset worth of Alok Industries Ltd. was ₹ 7,380 Cr as of December 30, 2023. The company has yielded a negative return of -1.66% over the past three years. Alok Industries Ltd. now has a market capitalization of ₹ 11,624 Cr as of December 8, 2023. As of September 2023, the promoters of Alok Industries Ltd. have pledged none of the entire equity. Alok Industries Ltd. recorded a net loss of ₹948 crore in terms of profit after tax (TTM).
Priyonkoor Hesh
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Categories: Biography
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