Bse Listed Cotton Yarn Manufacturing Company for Sale in Bangalore

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Listing IDSL004090 Ticket Size1-2 Crore Last Year TurnoverINR 68,200,000 Verification Status Verified
  • Bse Listed Cotton Yarn Manufacturing Company for Sale in Bangalore

Business Details

Description: The company was incorporated in the year 1991 by the promoter having rich experience of more than 50 years in the textile industry. The family business is promoted by entrepreneurs from the family that is in the business. The group has 50 to 70% shareholding is planning to exit.

Now, the promoters are planning to move abroad and are looking to exit from the company. The company is having ROC at Karnataka with Authorised Capital INR 5 Cr. and Paid-up capital INR 4.48 Cr. Last year turnover of the company was around INR 6.50 Cr. The company is listed on the Bombay Stock Exchange (BSE) since 1991.

Operations: The company is engaged in the manufacturing of cotton yarn. The company majorly manufactures yarn in the form of hank form which is extensively used in handloom sector. The company is also engaged in cotton trade and ginning.

Location: The spinning mill is strategically located on the cotton growing belt, which is a prominent cotton market centre in Karnataka.

Headcount: Competent team of 70 people having N years of experience in the sector

Turnover for FY 2016-17: INR 6.86 Cr.
Turnover for FY 2015-16: INR 7.65 Cr.
Turnover for FY 2014-15: INR 11.55 Cr.
Turnover for FY 2013-14: INR 18.13 Cr.

The asking price for the business will be discussed with suitable buy side. total 50% to 70% shareholding.

Business Documents Verified

Audited Financial Statements FY 2016-17
List of Directors with % shareholding

Last Years Gross ProfitAvailable on request EBITDAAvailable on request
Total Views1611 Last Active2+ months ago
IndustryTextile, Dye & Chemicals LocationBangalore
Entity typePublic Limited Started in 1991
Transaction TypeFull Sale
Raise Funds (via equity)
Part-Exit (non core/under performing)
ReasonMoving abroad

Please note: Documents collected for our review only. These will not be shared with any third party.
Verification of the listing does not imply that Asking price reflects the valuation of the business

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