|₹15.4 / ₹4.15|
What is shareholding pattern? Who are shareholders?
What is a cash flow statement?
What is a balance sheet?
What is a profit and loss statement?
What are dividends?
What are bonuses?
Incorporated in 1991, Patspin India was promoted by GTN Textiles under the leadership of B K Patodia as its chairman and Umang Patodia as its managing director. Patspin India set up a 100% EOU to manufacture medium and fine counts, combed or gassed yarn, with financial assistance from Itochu Corporation, Japan, and Kerala State Industrial Development Corporation. The company tapped the capital market in Nov. '93 to part-finance the project. Patspin has undertaken a two-phase expansion project which includes diversification into twisting, knitting and other value-added products with the available infrastructure. In 1996, the second phase of expansion of 2016 spindles was fully implemented. It also completed the expansion of capacity in Unit "B" by 16128 spindles in Dec'96. This expansion with 100% combing capacity is being set up at the cost of Rs 50 cr.