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₹59.60a day ago
₹62.46a day ago
Piotex Industries Limited was originally incorporated on October 24, 2019 as “Piotex Industries Private Limited” under the provisions of the Companies Act, 2013 with the Registrar of Companies, Central Registration Centre. Subsequently Company was converted into Public Limited Company and name of company was changed from ‘Piotex Industries Private Limited’ to ‘Piotex Industries Limited’ vide fresh certificate of incorporation dated August 11, 2023 issued by the Registrar of Companies, Pune.The company is in business of contract manufacturing and trading of yarn, fabric and cotton bales. Its Products are used for various purposes such as garments home furnishings, etc. It engages in trading of cotton bales. It also manufactures cotton yarn through out-sourcing model (Job-work) which is almost always in demand by the garment manufacturing industry. The company is engaged mainly in 2 activities: Trading of Cotton Bales, Synthetic Fiber, Cotton Yarn and Fabric: The company was established in Oct 2019, and till then the company has started trading business of Cotton Bales and Cotton Yarn in the textile hub of Maharashtra viz. Malegaon, Ichalkaranji and Bhiwandi. Also company supply the cotton yarn to Burhanpur and Ahmedabad. This business is already going on day to day, and also added fabric trading business from 2022-23. Also Company has a Sole Selling Agency agreement with Babasaheb Deshmukh Industries for their finished product i.e. Cotton Yarn; and In the same way company started manufacturing through job work and Fabric Weaving job in which company provides the Yarn to jobworkers and weaving unit and they do the process of weaving on contracted charges and return the finished goods. The finished goods i.e. Fabric is then sold to customers.It ensures the consistent quality of the Cotton Yarn as from the beginning it has the power of selection and control of raw material from Ginning. The company also focuses in high quality of yarn and fabrics utilizing best technology, at the most competitive prices and maintaining long term association with its clients. The level of advancement in job work process determines the productivity of machines and labour, which in turn, determines the production and profitability of the Company. Its technical team is equipped with modern technology and processing techniques by virtue of which it is able to ensure quality output.Business area of the companyThe company is engaged in Trading of Textile Items, contract Manufacturing of cotton yarn Fabrics and providing solutions pertaining to Textile Technologies.Products of the companyCotton balesCotton yarnCotton fabricHistory and milestones2019-20: Incorporation of the Company in the name and style of ‘Piotex Industries Private Limited’.2023-24: Converted into Public Limited Company vide fresh certificate of incorporation dated August 11, 2023.
