Donear
1.1 General Information:
Name: Donear Industries Ltd
Address:
Balaji Fabrics, Revenue Block No. 194 & 195
Kadodara Bardoli Road, Jolwa
District – Surat
Gujarat – India
Industry: Textile
Products: It pioneers in quality cotton, PV, Pc, Poly 100% and value added ammonia mercerised fabric
Subsidiary: It is a part of Donear Industries
1.2 History of Company:
The textile scenario in India was poised to become more enterprising and proficient with a global outlook in the seventies, when Mr. Vishwanath Agarwal - a visionary with immense entrepreneurial skills realized the importance of futuristic fashion and fabrics in India.
1977 - The company was incorporated during the year with an objective to provide high quality textile to the customers and within a short span of time it became a household name.
2004 - The company ranks 746th in the BS1000 listing of top Indian companies in terms of sales, it had been ranked 560th in the 13th Business Today list of India 's 1,000 most valuable private sector companies. The ranking was based on the average market capitalization of 1,391 companies that traded on a minimum 20 percent of 129 trading days.
2005 - The Board of the company approved in December 2005, to increase the authorized share capital from the existing share capital of Rs 11 crore to Rs 20 crore.
2006 - Mauritius based fund house Citigroup Global Markets had acquired a 5.77% stake in domestic textiles company Donear Industries for about Rs 22.2 crore in open market transactions.
2007 - The board of the company had decided to raise funds worth approximately Rs 1.5-1.6 billion in Indian Rupees/foreign currencies to fund future expansion projects of the company, develop new business and acquire existing businesses in India and abroad.
1.3 Board of Directors:
The Board of Directors of the Donear Industries includes:
• Mr. Vishwanath Agarwal, Chief Promoter and Chairman
• Mr. Rajendra Agarwal, Promoter and Managing Director
• Mr. Ajay Agarwal, Promoter
Name: Donear Industries Ltd
Address:
Balaji Fabrics, Revenue Block No. 194 & 195
Kadodara Bardoli Road, Jolwa
District – Surat
Gujarat – India
Industry: Textile
Products: It pioneers in quality cotton, PV, Pc, Poly 100% and value added ammonia mercerised fabric
Subsidiary: It is a part of Donear Industries
1.2 History of Company:
The textile scenario in India was poised to become more enterprising and proficient with a global outlook in the seventies, when Mr. Vishwanath Agarwal - a visionary with immense entrepreneurial skills realized the importance of futuristic fashion and fabrics in India.
1977 - The company was incorporated during the year with an objective to provide high quality textile to the customers and within a short span of time it became a household name.
2004 - The company ranks 746th in the BS1000 listing of top Indian companies in terms of sales, it had been ranked 560th in the 13th Business Today list of India 's 1,000 most valuable private sector companies. The ranking was based on the average market capitalization of 1,391 companies that traded on a minimum 20 percent of 129 trading days.
2005 - The Board of the company approved in December 2005, to increase the authorized share capital from the existing share capital of Rs 11 crore to Rs 20 crore.
2006 - Mauritius based fund house Citigroup Global Markets had acquired a 5.77% stake in domestic textiles company Donear Industries for about Rs 22.2 crore in open market transactions.
2007 - The board of the company had decided to raise funds worth approximately Rs 1.5-1.6 billion in Indian Rupees/foreign currencies to fund future expansion projects of the company, develop new business and acquire existing businesses in India and abroad.
1.3 Board of Directors:
The Board of Directors of the Donear Industries includes:
• Mr. Vishwanath Agarwal, Chief Promoter and Chairman
• Mr. Rajendra Agarwal, Promoter and Managing Director
• Mr. Ajay Agarwal, Promoter
Bibliography: • Cooper, D. & Schindler S. (2006). Business Research Methods, New Delhi: Tata McGraw Hill. • Black, K.(2011). Business Statistics: For Contemporary Decision Making (5TH Edition), Sahibabad: Pranjali Print line. • Pandya,k., Bulsari,S., Sinha,S.(2012).SPSS in Simple Steps, Delhi:Printman India.