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			{{Short description\|Indian Textile Manufacturer}}
	{{Use Indian English\|date=February 2017}}		{{Use Indian English\|date=February 2017}}
	{{Use dmy dates\|date=~~March~~ ~~2013~~}}		{{Use dmy dates\|date=October 2020}}
			{{refimprove\|date=October 2024}}
	{{infobox company		{{infobox company
	\| name = Alok Industries		\| name = Alok Industries Limited
	\| logo = Alok ~~Logo~~.~~gif~~		\| logo = Alok Industries ltd.svg
	\| caption =		\| caption =
	\| type = Public		\| type = ]
	\| traded_as = {{BSE\|521070}}~~<br />~~{{NSE\|ALOKTEXT}}		\| traded_as = {{plainlist\|
			*{{BSE\|521070}}
			*{{NSE\|ALOKTEXT}}}}
		⚫	\| foundation = {{Start date and age\|1986}}
	\| genre =
		⚫	\| founder = Surendra Jiwrajka
	\| fate =
		⚫	\| location_city = ], ]
	\| predecessor =
		⚫	\| location_country = ]<ref>{{cite web\|url=http://www.alokind.com/reachus.html \|title=Alok Industrial Limited – Integrated Textile Solutions \|publisher=Alokind.com \|accessdate=2010-09-29\| archiveurl= https://web.archive.org/web/20101010134305/http://www.alokind.com/reachus.html\| archivedate= 10 October 2010 <!--DASHBot-->\| url-status=dead}}</ref>
	\| successor =
			\| key_people = {{unbulleted list\|Ram Rakesh Gaur(])
⚫	\| foundation = 1986
			\| Vinod Sureka(])
⚫	\| founder =
			\| Hitesh Kanani(])}}
	\| defunct =
			\| industry = {{plainlist\|
⚫	\| location_city = ], Maharashtra
			*]s
⚫	\| location_country = ]<ref>{{cite web\|url=http://www.alokind.com/reachus.html \|title=Alok Industrial Limited – Integrated Textile Solutions \|publisher=Alokind.com \|accessdate=2010-09-29\| archiveurl= https://web.archive.org/web/20101010134305/http://www.alokind.com/reachus.html\| archivedate= 10 October 2010 \| url-status= ~~live~~}}</ref>
			*]}}
	\| location = ]
			\| revenue = {{up}} {{INRConvert\|5356\|c}}
	\| locations =
	\| ~~area_served~~ =		\| revenue_year = 2024
		⚫	\| operating_income = {{up}} {{INRConvert\|66\|c}}
	\| key_people = Kabir singh]<ref name="business-standard1">{{cite web\|url=http://www.business-standard.com/india/news/alok-industries-spins-victoria/s-secret-in-burkina-faso/407027/ \|title=Alok Industries spins Victoria's Secret in Burkina Faso \|publisher=Business-standard.com \|date=5 September 2010 \|accessdate=2010-09-29}}</ref>
			\| income_year = 2024
	\| industry = Textiles, retail and real estate
			\| net_income = {{up}} {{INRConvert\|-814\|c}}
	\| products =
	\| ~~services~~ =		\| net_income_year = 2024
			\| assets = {{down}} {{INRConvert\|7934.54\|c}}
	\| revenue = INR 900(2020)<ref name="Tick">{{cite web\|title=Alok Industries\|url=https://tick.rsec.co.in/PlatformUI/Platform/FundamentalProfitnLoss/Dashboard?XchgId=1&dimId=1&dimValue=100020}}</ref>
			\| assets_year = 2022
⚫	\| operating_income =
	\| ~~net_income~~ = {{INRConvert\|~~yet to be declared~~}} ~~(2020)<ref name="Tick" />~~		\| equity = {{up}}{{INRConvert\|496.53\|c}}
	\| ~~aum~~ =		\| equity_year = 2022
			\| owner = {{Unbulleted list\|] (75%)}}
	\| assets =
	\| ~~equity~~ =		\| num_employees = 26231
			\| num_employees_year = 2022
	\| owner =
		⚫	\| parent = ]
	\| num_employees = 20,169<ref>{{cite web\|url=http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=2584385 \|title=Alok Industries Ltd. (2584385): Stock Quote & Company Profile – BusinessWeek \|publisher=Investing.businessweek.com \|date= \|accessdate=2010-09-29}}</ref>
			\| subsid = {{plainlist\|
⚫	\| parent = ]
		⚫	*Alok Infrastructure Limited
	\| divisions =
			*Alok Worldwide Limited
	\| subsid = Grabal Alok Impex<br />Alok Apparels Pvt. Ltd<br />Alok Retail India Ltd<br />Alok Infrastructure Pvt Ltd<br />Mileta a.<br />Alok International Inc.<br />Alok H&A Ltd.
			*Alok International (Middle East) FZE
⚫	\| homepage =
			*Alok Singapore Pte Limited
	\| footnotes =
			*Alok International Inc
			*Alok Global Trading (Middle East) FZE (business license cancelled on 12 September 2017)
			*Mileta a.s}}
			\| rating = CARE AA (CE)
		⚫	\| homepage = {{URL\|https://www.alokind.com}}
	}}		}}

	'''Alok Industries''' is an Indian ~~ISO 9001:2000 certified~~ ] company based in ].~~<ref~~ ~~name="alokind.com">http://www.alokind.com/milestones.html</ref><ref>{{cite~~ ~~web\|url=http://business.mapsofindia.com/india-company/a/alok-industries~~.~~html~~ ~~\|title=~~Alok Industries ~~\|publisher=Business.mapsofindia.com~~ ~~\|date=31~~ ~~March~~ ~~2006~~ ~~\|accessdate=2010-09-29}}</ref>~~ Its main business involves weaving, knitting, processing, home textiles, ready made garments and polyester yarns.<ref>{{cite web\|url=http://www.livemint.com/2010/03/28215404/Alok-Industries8217-QIP-wil.html \|title=Alok Industries’ QIP will hurt earnings in the near term – Money Matters \|publisher=livemint.com \|date=28 March 2010 \|accessdate=2010-09-29}}</ref> It exports 26% of its products to over 90 countries in the US, Europe, South America, Asia and Africa.~~<ref~~ ~~name="bseindia.com">http://www.bseindia.com/bseplus/AnnualReport/521070/5210700913.pdf</ref> Reliance~~ Industries ~~and~~ JM ~~Financial~~ ~~Ltd.~~ ~~have~~ ~~already~~ ~~taken~~ ~~over~~ ~~the~~ ~~company~~ ~~after~~ ~~having~~ ~~acquired~~ it in ~~bankruptcy~~ ~~proceedings~~ ~~and~~ ~~hitting daily upper circuit continuously~~.~~<ref>{{Cite~~ ~~web\|url=https://timesofindia.indiatimes.com/business/india-business/ril-gets-nclt-approval-for-alok-industries/articleshow/68328289.cms\|title=Reliance~~ ~~Industries~~ ~~gets~~ ~~NCLT approval for Alok Industries - Times~~ of ~~India\|website=The~~ ~~Times~~ ~~of India\|access-date=2019-04-08}}</ref>~~		'''Alok Industries Limited''', is an Indian ] manufacturing company based in ]. It Is Owned By ] . Alok Industries Limited has five core divisions: Home Textiles, Cotton Yarn, Apparel Fabric, Garments, Technical Textiles, Textile Accessories and Polyester Yarn. Its main business involves weaving, knitting, processing, home textiles, ready made garments and polyester yarns. It exports 26% of its products to over 90 countries in the US, Europe, South America, Asia and Africa. Alok Industries also has a majority stake in a Czech republic incorporated textile company Mileta which supply its product across Europe. The export represents 90% of the entire production.

	==History==		==History==
			Founded in 1986 as a private limited company. In 1989, the inauguration of Their first polyester texturizing plant marked a significant milestone, By 1993, They had transitioned into a public limited company.
	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 ] and ] with an IPO of Rs.4.5 Cr.<ref>{{cite web\|url=http://www.alokind.com/about.html \|title=Alok Industrial Limited – Integrated Textile Solutions \|publisher=Alokind.com \|accessdate=2010-09-29\| archiveurl= https://web.archive.org/web/20101010103501/http://www.alokind.com/about.html\| archivedate= 10 October 2010 \| url-status= live}}</ref> The Company Grabal Alok Impex Limited was amalgamated with Alok Industries on 1 April 2011.<ref name="alokind.com"/>

	Reliance has 37% stakes in Alok industries.

	Although it is owned by Reliance industries, JM Financial also have acquired a stake in the company.


			Over the decades, They have diversified into weaving, knitting, processing, home textiles, and garments.

	==Retail==		==Retail==
			Alok Industries has shutdown all its direct retail stores(''']''', H&A). However, they have started selling Some Of their products On Their parent Reliance backed Ajio And Amazon. They Also Supply Their Products To ''']'''
	Alok H&A Ltd is a wholly owned subsidiary of Alok Industries Ltd. There were 250 store in India under the brand name H&A. Alok has a 91% stake in Grabal Alok (UK) Ltd, which had 210 stores under the brand ].<ref name="bseindia.com"/>

			== Financials ==
	Store Twenty One entered compulsory ] in July 2017, closing all stores.
			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%.
	==Manufacturing==
	Mileta a.s., a manufacturing company based in Czech republic, is a 100% subsidiary of Alok through its wholly own subsidiary Alok Industries International limited.

			== Share Holding ==
⚫	~~==Realty -~~ Alok Infrastructure Limited==
			] Hold 40.01% Stake While ] (Acting As PAC with RIL) Through Its Subsidiary Holds 35% Stake In It. ] also have 9% optionally convertible preference shares and Non Convertible redeemable preference shares worth 3300 crores. making it a subsidiary of Reliance.
	'''Projects'''
	* Peninsula Business Park, Mumbai
	* Ashford Royale, Mumbai
	* Ashford Centre, Mumbai
	* Ashford Palazzo, Mumbai
	* Lotus Corporate Park, Mumbai

			The paid-up Share Capital of the Company as on 31 March 2022 was 496.52 crore shares of Rs. 1/- each.
	==See also==
	* ]
	{{portalbar\|companies\|India}}

	==References==		==References==
	{{~~reflist~~}}		{{Reflist}}

	==External links==		==External links==
	*		*
			* https://economictimes.indiatimes.com/industry/cons-products/garments-/-textiles/alok-ind-raises-rs-7000-cr-from-ril-two-banks-for-expansion-repayment-of-high-cost-debt/articleshow/108232318.cms?from=mdr
			*

	]		]
	]
	]		]
	]

Latest revision as of 23:07, 7 October 2024

Indian Textile Manufacturer

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Alok Industries Limited

Company type	Public
Traded as	BSE: 521070 NSE: ALOKTEXT
Industry	Textiles Real estate
Founded	1986; 39 years ago (1986)
Founder	Surendra Jiwrajka
Headquarters	Mumbai, Maharashtra, India
Key people	Ram Rakesh Gaur(CEO) Vinod Sureka(CFO) Hitesh Kanani(Company Secretary)
Revenue	₹5,356 crore (US$630 million) (2024)
Operating income	₹66 crore (US$7.7 million) (2024)
Net income	₹−814 crore (US$−95 million) (2024)
Total assets	₹7,934.54 crore (US$930 million) (2022)
Total equity	₹496.53 crore (US$58 million) (2022)
Owner	Reliance Industries (75%)
Number of employees	26231 (2022)
Parent	Reliance 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 12 September 2017) Mileta a.s
Rating	CARE AA (CE)
Website	www.alokind.com

Alok Industries Limited, is an Indian Textile manufacturing company based in Mumbai. It Is Owned By Reliance Industries . Alok Industries Limited has five core divisions: Home Textiles, Cotton Yarn, Apparel Fabric, Garments, Technical Textiles, Textile Accessories and Polyester Yarn. Its main business involves weaving, knitting, processing, home textiles, ready made garments and polyester yarns. It exports 26% of its products to over 90 countries in the US, Europe, South America, Asia and Africa. Alok Industries also has a majority stake in a Czech republic incorporated textile company Mileta which supply its product across Europe. The export represents 90% of the entire production.

History

Founded in 1986 as a private limited company. In 1989, the inauguration of Their first polyester texturizing plant marked a significant milestone, By 1993, They had transitioned into a public limited company.

Over the decades, They have diversified into weaving, knitting, processing, home textiles, and garments.

Retail

Alok Industries has shutdown all its direct retail stores(Store 21, H&A). However, they have started selling Some Of their products On Their parent Reliance backed Ajio And Amazon. They Also Supply Their Products To Reliance Retail

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

Reliance Industries Hold 40.01% Stake While JM Financial (Acting As PAC with RIL) Through Its Subsidiary Holds 35% Stake In It. Reliance Industries also have 9% optionally convertible preference shares and Non Convertible redeemable preference shares worth 3300 crores. making it a subsidiary of Reliance.

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

References

"Alok Industrial Limited – Integrated Textile Solutions". Alokind.com. Archived from the original on 10 October 2010. Retrieved 29 September 2010.

External links

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