Alok Industries

Alok Industries Ltd, is an Indian Textile manufacturing company based in Mumbai, India.[2][3] with integration in both the streams, in cotton as well as polyester value chain. ISO 9001:2000 certified company. The company has created global sized capacities and expanded its markets across the global territories. Its main business involves weaving, knitting, processing, home textiles, ready made garments and polyester yarns.[4] It exports 26% of its products to over 90 countries in the US, Europe, South America, Asia and Africa.[5]

Alok Industries Ltd
TypePublic
Industry
Founded1986 (1986)
FounderSurendra Jiwrajka
Headquarters
Mumbai, Maharashtra
,
India[1]
Key people
  • A. Siddharth (Independent Director and Chairman of the Board), Mumtaz Bandukwala (Independent Director), Rahul Dutt (Independent Director), Hemant Desai (Nominee Director representing Reliance Industries Limited)
RevenueIncrease ₹7,150.91 crore (US$900 million) (2022)
Increase ₹611.61 crore (US$77 million) (2022)
Increase ₹−209 crore (US$−26 million) (2022)
Total assetsDecrease ₹7,934.54 crore (US$990 million) (2022)
Total equityIncrease₹496.53 crore (US$62 million) (2022)
Owner
Number of employees
26231 (2022)
ParentReliance Industries
Subsidiaries
  • Alok Infrastructure Limited
  • Alok Worldwide Limited
  • Alok International (Middle East) FZE
  • Alok Singapore Pte Limited
  • Alok International Inc
  • Alok Global Trading (Middle East) FZE (business license cancelled on 12th September, 2017)
RatingCARE AA (CE)
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.[6] The company Grabal Alok Impex Limited was amalgamated with Alok Industries on 1 April 1996.[2]

Retail

Alok Industries has shutdown all its direct retail stores. However, they have started selling their products in Amazon India.

Financials

As per the latest Annual Report (2022), total sales of the Company increased by 91.44% to Rs. 7,150.91 crore from Rs. 3,735.31 crore in the previous year. Domestic sales increased by 96.22% to Rs. 5,451.37 crore from Rs. 2,778.11 crore in the previous year. Export sales increased by 77.55% to Rs. 1,699.54 crore from Rs. 957.20 crore in previous year. Operating EBITDA (before exceptional items) was positive at Rs. 611.61 crore as compared to negative EBITDA (before exceptional items) of Rs. 432.63 crore in the previous year. Operating Profit Before Tax (PBT) (before exceptional items) was negative at Rs. 184.18 crore as compared to negative PBT (before exceptional items) of Rs. 1,190.78 crore in the previous year.

Alok’s export business has increased to Rs. 1699.54 crore in the current year as against Rs. 957.20 crore in the previous period representing growth of 77.55%.

Share Holding

The paid-up Share Capital of the Company as on 31st March, 2022 was 496.52 crore shares of Rs. 1/- each.

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 Limited - ™Integrated Textile Solutions".
  3. "Alok Industries". Business.mapsofindia.com. 31 March 2006. Retrieved 29 September 2010.
  4. "Alok Industries' QIP will hurt earnings in the near term – Money Matters". livemint.com. 28 March 2010. Retrieved 29 September 2010.
  5. Annual report bseindia.com
  6. "Alok Industrial Limited – Integrated Textile Solutions". Alokind.com. Archived from the original on 10 October 2010. Retrieved 29 September 2010.
  • Alok Industries
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