|₹21.99 / ₹2.45|
What is shareholding pattern? Who are shareholders?
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Spice Islands Apparels was incorporated on 28 Dec. '88 as a private limited company and subsequently converted into a public limited company on 6 Oct. '94. The company was promoted by Umesh Katre who had earlier experience with Mafatlal Apparels belonging to the Stanrose group. During 1989, it started exporting readymade garments mainly to the UK, Japan and the EC countries. The product range includes ladies and children's wear. The company also expanded its capacity to produce knitted fabrics at its Bhandup plant with an installed capacity of 600 tonnes. During 1996, the company registered itself as a SSI unit and was accorded a status of export house by the Government of India.