Alok Industries: Difference between revisions

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	{{Use dmy dates\|date=March 2013}}		{{Use dmy dates\|date=March 2013}}
	{{infobox company		{{infobox company
	\| name = Alok Industries		\| name = Alok Industries
	\| logo = Alok Logo.gif		\| logo = Alok Logo.gif
	\| caption =		\| caption =
	\| type = Public		\| type = Public
	\| traded_as = {{BSE\|521070}}<br />{{NSE\|ALOKTEXT}}		\| traded_as = {{BSE\|521070}}<br />{{NSE\|ALOKTEXT}}
	\| genre =		\| genre =
	\| fate =		\| fate =
	\| predecessor =		\| predecessor =
	\| successor =		\| successor =
	\| foundation = 1986		\| foundation = 1986
	\| founder =		\| founder =
	\| defunct =		\| defunct =
	\| location_city = ], Maharashtra		\| location_city = ], Maharashtra
	\| 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_country = India<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>
			\| locations =
	\| location = ]
	\| ~~locations~~ =		\| area_served =
		⚫	\| 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>
	\| area_served =
		⚫	\| industry = Textiles, retail and real estate
⚫	\| 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>
			\| products =
⚫	\| industry = Textiles, retail and real estate
	\| ~~products~~ =		\| services =
		⚫	\| 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>
	\| services =
⚫	\| 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>
	\| operating_income =		\| operating_income =
	\| net_income = {{INRConvert\|yet to be declared}} (2020)<ref name="Tick" />		\| net_income = <!-- {{INRConvert\|yet to be declared}} (2020)<ref name="Tick" /> -->
	\| aum =		\| aum =
	\| assets =		\| assets =
	\| equity =		\| equity =
	\| owner =		\| owner =
	\| 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>		\| 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>
	\| parent = ]		\| parent = ]
	\| divisions =		\| divisions =
	\| 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.		\| 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.
	\| homepage =		\| homepage =
	\| footnotes =		\| footnotes =
	}}		}}

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	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"/>		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.		Reliance has 37% stakes in Alok industries. Although it is owned by Reliance industries, JM Financial also have acquired a stake in the company.

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



	==Retail==		==Retail==
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	==See also==		==See also==
	* ]		* ]
	{{~~portalbar~~\|companies\|India}}		{{portal\|companies\|India}}

	==References==		==References==

Revision as of 02:58, 26 July 2020

Alok Industries
File:Alok Logo.gif
Company type	Public
Traded as	BSE: 521070 NSE: ALOKTEXT
Industry	Textiles, retail and real estate
Founded	1986
Headquarters	Mumbai, Maharashtra, India
Key people	Kabir singhMD
Revenue	INR 900(2020)
Number of employees	20,169
Parent	Reliance industries
Subsidiaries	Grabal Alok Impex Alok Apparels Pvt. Ltd Alok Retail India Ltd Alok Infrastructure Pvt Ltd Mileta a. Alok International Inc. Alok H&A Ltd.
Website	Official website

Alok Industries is an Indian ISO 9001:2000 certified textile manufacturing company based in Mumbai. 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. 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.

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. The Company Grabal Alok Impex Limited was amalgamated with Alok Industries on 1 April 2011.

Reliance has 37% stakes in Alok industries. Although it is owned by Reliance industries, JM Financial also have acquired a stake in the company.

Retail

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 Store Twenty One.

Store Twenty One entered compulsory liquidation in July 2017, closing all stores.

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.