Shiva Texyarn Limited

Shiva Texyarn Limited (BSE: 511108, NSE: SHIVATEX) (formerly known as Annamallai Finance Limited (AFL)) is an Indian textile manufacturing company based in Coimbatore, Tamil Nadu.[1] The company manufactures yarn, fabrics, garments, dry sheets and home textiles in India.[2][3][4][5]

Shiva Texyarn Limited
Typepublic company
BSE: 511108
NSE: SHIVATEX
IndustryTextile
Founded1980
HeadquartersCoimbatore, TN, IN
Key people
S.V. Alagappan
(chairman)
S.K. Sundararaman
(managing director)
RevenueIncrease ₹ 5,000 million
Websitewww.shivatex.in

History

Shiva Texyarn was incorporated in March 2002. S.K. Sundararaman is the managing director of the company.[6]

Shiva Texyarn was originally known as Annamallai Finance (AFL) and became a public limited company in 1986. Annamalai Finance Private Limited was established on 28 May 1980, and later became a public company on 25 November 1985. The name of the company changed to Shiva Textyarn Limited from the previous name of Annamalai Finance Ltd in October 2002.[7][4]

Shiva Texyarn is listed on the Bombay Stock Exchange (BSE: 511108)[8][9] and the National Stock Exchange of India (NSE: SHIVATEX).[10] The company is an associate of Bannari Amman Group and Bannari Amman Spinning Mills which is one of the largest textile groups in India. The company is 75% owned by shareholders connected to the group so the publicly floated stock is small.[11]

Recognition
  • Quality Circle Forum of India JUSE 5S Certified[12]
  • OEKO Tex Standard Certification[13]
  • WRAP Certification[14]
  • Global Organic Textile Standard (GOTS) Certificate[15]

See also

References
  1. "Look at Shiva Texyarn: Prakash Diwan". Moneycontrol.com. 16 October 2015.
  2. "Exhibition showcasing alternatives to plastic products held". The Hindu. 29 October 2018.
  3. "Focus on Indian Spinning Industry – Shiva Texyarn". IndianTextileMagazine. 17 May 2017.
  4. "Shiva Texyarn ltd. (SHIVATEX) - Company History". Business Standard.
  5. "Shiva Texyarn updates on scheme of arrangement (demerger)". Business Standard. 24 November 2017.
  6. "Shiva Texyarn Limited - The Economic Times". The Economic Times.
  7. "Shiva Texyarn Limited - India Infoline". India Infoline.
  8. "Shiva Texyarn Ltd. - NDTV". NDTV.
  9. "Shiva Texyarn Limited - Bombay Stock Exchange". Bombay Stock Exchange.
  10. "Shiva Texyarn Limited - National Stock Exchange". National Stock Exchange.
  11. "Look at Shiva Texyarn: Prakash Diwan". Moneycontrol. 16 October 2015. Retrieved 26 December 2018.
  12. "QCFI JUSE 5S Certified List 2018". Quality Circle Forum.
  13. "Shiva Texyarn charting out a distinct success story". Textile Magazine. 4 May 2015.
  14. "Maid in India" (PDF). Centre for Research on Multinational Corporations.
  15. "Shiva Texyarn Ltd. 849525 - Global Organic Textile Standard". GOTS.
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