|Market Cap||2,760 Cr||EPS||15.0||High||140.9|
|Stock P/E||9.3||Net Profit Margin||7.9||Low||138.1|
About the Company
Indo Count Industries was originally incorporated in 1988 as a public limited company by the name of Vishnu Aluminium Ltd. and changed its name to present in March 1990. A Fresh Certificate of Incorporation was issued on April 20, 1990. The company was promoted by Anil Kumar Jain, Sunil Jain and associates. Indo Count Industries Ltd. is engaged in the manufacturing of 100% grey combed cotton yarn and knitted fabric.
The Spinning and Knitting mill of the company commenced production of combed cotton yarn with a capacity of 12096 spindles in 1991. The plant is located at Kolhapur in South West of India, an area having a strong textile culture and is ideally placed in close proximity to India's cotton growing belt. Latest machines have been imported from Rieter, Schlafhorst, Volkmann, Mayer & Cie, Luwa and Uster.
Indo Count’s performance has been a revelation. Plant capacity has made a quantum jump from a moderate 12096 spindles in 1991 to the present 56448 spindles and has also diversified into Dyed Yarns, Corespun Yarns and Knitted Fabrics. All this has been achieved against a back drop of world wide recessionary pressures.
As an ISO 9002 and 100% Export Oriented Unit, Indo Count’s customer base has widely expanded and it has carved a brand presence in all the major markets like UK, Italy, Germany, Switzerland, Scandinavia, Israel, Canada, Chile, Japan and South Korea which are some of the many. Indo Count yarn is known as 'Rieter Yarn', a status which was conferred by Rieter Machine Works Ltd. This authorization was based on the Swiss company's appraisal that Indo Count's machinery is well maintained and that the quality levels are consistent. The company had a business opportunity in television manufacturing. It started manufacturing for LG, Samsung and TCL.
Expanding its gamut of operations Indo Count set up a manufacturing unit for world-class home textiles, ‘Home Textiles Division’. It commenced its operations in May 2006.The unit is engaged in manufacturing of Bed Sheet Sets, Pillow Cases, Duvet covers, Comforters, Window Covering and Hospital Linen.
Product range of the company includes:
Indo Count is manufacturing 100% cotton yarns and knitted fabric of the highest international quality standards. All the goods are being exported since the inception. The yarns are used for both knitting and weaving by some of the best names in the industry
2013-Indo Count Industries has awarded the Company with Bronze Trophy for the Third Highest Exports of Bed Linen/Bed Sheets/Quilts in Madeups for its outstanding performance for the financial year 2012-13
-Trophy for Asia Pacific international Award
2014-The Company has won the BRONZE TROPHY- For the 3rd Highest Exports of Made-ups in Bed Linen/ Bed Sheets/ Quilts under the category III for the year 2013-14.
-The Company has won the GOLD TROPHY- For Special Achievement Award in Made-ups from The Cotton Textiles Export Promotion Council of India (Texprocil) for the year 2013-14
-The Company has been ranked 29th in the Textile & Garments Industry in India and 454th (previous year rank 581) among the listed companies in India.
-Indo Count UK Ltd is established in Manchester and Indo Australia Pty Ltd is created in Melbourne. Both house showrooms, design studios and warehousing.
2015 - Export Excellence Award -Indo Count Inds. - Grant of Silver Trophy
1988 Mr. Anil Kumar Jain incorporates Indo Count Industries Ltd.
1991 Spinning EOU production commences.
1995 Rights issue for expansion.
2005 Land purchase for HT.
2006 The Home Textile Division is set up, the first in the state of Maharashtra.
2008 Indo Count acquires Pranavaditya Spinning Mills Ltd. (PSML) increasing its total spindlage to 80,016 spindles and producing 14,000 tons of cotton yarn per year.
2011 Indo Count expands into the U.S.A. by establishing Indo Count Global Inc. (ICGL) with offices and showroom in Manhattan, and warehousing and EDI operations in Charlotte, NC.
2012 Production expands to 45 million meters per year.
2014 Indo Count UK Ltd is established in Manchester and Indo Australia Pty Ltd is created in Melbourne. Both house showrooms, design studios and warehousing.
2015 The Brownfield expansion increases capacity to 68 million meters per year.
2016 3 brands launched in USA (BOUTIQUE LIVING / PURE / REVIVAL)
2016 ICIL launches BL in India.
2016 ICIL takes the license of prestigious brands like Harlequin/Sanderson/Scion
-Indo Count Industries 'Launches 3 New Brands in US Market'.
-Indo Count Ind gets gold seal from Cotton Egypt Association for being a key supplier to global retailers for Egyptian cotton sheets.
-Launch of Domestic Home Textile Brand 'BOUTIQUE LIVING'.
-3 brands launched in USA (BOUTIQUE LIVING / PURE / REVIVAL)
-ICIL launches BL in India.
-ICIL takes the license of prestigious brands like Harlequin/Sanderson/Scion
|Parent Organisation||Indo Count Industries Ltd.||Managing Director|