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| 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.
Realty - Alok Infrastructure Limited
Projects
- Peninsula Business Park, Mumbai
- Ashford Royale, Mumbai
- Ashford Centre, Mumbai
- Ashford Palazzo, Mumbai
- Lotus Corporate Park, Mumbai
See also
References
- "Alok Industrial Limited – Integrated Textile Solutions". Alokind.com. Archived from the original on 10 October 2010. Retrieved 29 September 2010.
- "Alok Industries spins Victoria's Secret in Burkina Faso". Business-standard.com. 5 September 2010. Retrieved 29 September 2010.
- "Alok Industries".
- "Alok Industries Ltd. (2584385): Stock Quote & Company Profile – BusinessWeek". Investing.businessweek.com. Retrieved 29 September 2010.
- ^ http://www.alokind.com/milestones.html
- "Alok Industries". Business.mapsofindia.com. 31 March 2006. Retrieved 29 September 2010.
- "Alok Industries' QIP will hurt earnings in the near term – Money Matters". livemint.com. 28 March 2010. Retrieved 29 September 2010.
- ^ http://www.bseindia.com/bseplus/AnnualReport/521070/5210700913.pdf
- "Reliance Industries gets NCLT approval for Alok Industries - Times of India". The Times of India. Retrieved 8 April 2019.
- "Alok Industrial Limited – Integrated Textile Solutions". Alokind.com. Archived from the original on 10 October 2010. Retrieved 29 September 2010.