NSE Symbol: | BSE Code: | ISIN: | Sector:
- Add to Portfolio
- Add to Watchlist
- Add to Alert
Krishna Lifestyle Technologies Limited was incorporated in 1987 as a private limited company under the name of Shree Krishna Polyester and Synthetic Private Ltd. The company is promoted by Ram Pratap Tayal, Pravin Kumar Tayal, Navin Kumar Tayal, Sanjay Kumar Tayal and Krishna Petro Yarns Ltd. It was converted into a public limited company in 1989 and in the same year the company changed its name to Krishna Lifestyle Technologies.
1987 – The company was incorporated on August 12, as a private limited company, under the name of Shree Krishna Polyester and Synthetic Pvt. Ltd. It was converted into a public limited company with effect from January 16, 1989. The company is engaged in the manufacture of cotton yarn, synthetic yarn, texturised yarn, knitted fabrics and garments with facilities for processing of knitted and woven fabrics besides financial services on a limited scale. The company is promoted by Shri Ram Pratap Tayal, Shri Pravin Kumar Tayal, Shri Navin Kumar Tayal, Shri Sanjay Kumar Tayal and Shree Krishna Petro Yarns Ltd.
1989 – The name of the company was changed from Shree Krishna Polyester to the present one in May.
1992 – It undertook an expansion–cum–diversification scheme envisaging setting up of texturising facilities along with 100 circular knitting machines for the manufacture of synthetic knitted fabrics. The company has since increased the knitting capacity to 200 circular knitting machines and that of texturised PFY to 2,800 tonnes per annum from its internal accruals. The company also set up a plant for the manufacture of cotton yarn and for processing and mercerising cotton knitted fabrics at a total cost of Rs 212 crore.
1993 – The company planned to branch out into financial activities such as leasing, merchant banking, bill discounting, transactions relating to sale and purchase of shares and inter–corporate deposits, Financing and other related activities as may be determined by the board from time to time. The company witnessed a minor fire at its fabric division, but due to proper fire fighting arrangements, it was controlled. The loss due to fire was fully insured and an insurance claim of Rs 264 lakh received. The company expanded its spinning capacity from 12,000 tpa to 18,000 tpa and speciality fabrics manufacturing and processing capacities from 18,000 tpa to 25,000 tpa.
1996 – The domestic as well as international market is expanding through consumption patterns and designs are continuously changing. The company is fully geared to meet these challenges. Increase in the spinning capacity is envisaged with matching increase in processing capacity.
1997 – It has proposed to start a separate R&D wing for the production of coloured cotton and latest of denim fabrics. The company set up separate export division for production of premium quality yarns as well as garments.
1998 – The company entered into a tripartite agreement on June 20, with Bigshare Services Pvt. Ltd to enable investors to have a shareholding in electronic form.
1999 – The company also entered into a tripartite agreement on April 26, with Central Depository Services Limited (CDSL) and Bigshare Services Pvt. Ltd. for dematerialisation of its shares.
2000– The company is currently in the process of expanding its spinning capacities by 6000 tonnes at an estimated cost of Rs 70 crore. Shree Krishna Polyester, a part of the Shree Krishna Group, is set to enter the capital market with a public issue of 2.50 crore equity shares, at par for Rs. 10 each, aggregating Rs. 25 crore.
2005 – Delists its securities from Vadodara Stock Exchange Ltd (VSE) w.e.f. March 14, 2005.
Business areas of the company:
The company manufactures cotton yarn, synthetic yarn, textured yarn, knitted fabrics and garments with facilities for processing of knitted and woven fabrics. It is also in the business of financial services on a limited scale. The company has grown over the years through various diversification and expansion plans both by setting new plants and by increasing the capacity of the old ones.