Company Profile For Abhishek Industries Ltd
Overview
Abhishek Industries Limited is an India-based company. The Company is engaged in the manufacture of towel, agro-based paper and yarn. The Company operates in three segments: Yarns, Terry Towels, and Paper and Chemicals. Yarn segment is involved in yarn manufacturing. Towel segment is engaged in towel and dyed yarn manufacturing. Paper and chemical segments include paper and sulphuric acid. Its products include home textiles, paper, chemicals, yarn and energy. The Company has manufacturing facilities in Barnala, Punjab and Budni, Madhya Pradesh. The Company exports its products to 65 countries. As of March 31, 2009, its subsidiaries included Abhishek Industries Inc, Abhishek Europe SA and Abhishek Global Ventures Limited. On May 18, 2009, the Company disinvested its interest in Abhishek Europe SA, Neuchatel.
Quick Financial Synopsis
BRIEF: For the fiscal year ended 31 March 2009, Abhishek Industries Limited's revenues increased 28% to RS14.02B. Net loss totaled RS533.2M, vs. a profit of RS388.1M. Revenues reflects an increase in income from yarn segment. Net loss reflects an increase in stock in trade, higher consumption of raw materials, an increase in personnel expense, higher manufacturing expenses, increased depreciation and an increase in finance expenses.
Company Address
Abhishek Industries Ltd
E-212
Kitchlu Nagar
Ludhiana 141 001
P: +91161.5039999
F: +91161.5039900
E-212
Kitchlu Nagar
Ludhiana 141 001
P: +91161.5039999
F: +91161.5039900
Total Employees
9000
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