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1 History  





2 References  














Century Textile and Industries







 

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From Wikipedia, the free encyclopedia
 


Century Textile and Industries Ltd
Company typePublic

Traded as

  • NSECENTURYTEX
  • IndustryTextiles & Paper
    Founded1897
    HeadquartersMumbai, Maharashtra, India[1]

    Key people

    Kumar Mangalam Birla (Chairman)[2]
    RK Dalmia (Managing Director) [3][4]
    Productsfabrics, designer wear, denim, cosmetics & toiletries, engineering files & tools, prophylactics and air charter services
    RevenueIncrease 4,570 crore (US$550 million) (2024)[5]

    Net income

    Decrease 60 crore (US$7.2 million) (2024)[5]
    Total assetsIncrease 10,510 crore (US$1.3 billion) (2024) [5]
    Total equityIncrease 4,095 crore (US$490 million) (2024) [5]
    ParentAditya Birla Group[6]
    Subsidiaries
    • Birla Century
  • Century Pulp and Paper
  • Birla Estates
  • Websitewww.centurytextind.com

    Century Textile and Industries is an Indian textile and paper manufacturing and export company based in Mumbai. The main business activity involves manufacture of cotton textiles, yarn, denim, viscose filament rayon yarn, tire-cords, caustic soda, sulfuric acid, salt, pulp, and paper. The company also has a presence in the international textile markets and exports its products to more than 45 countries.

    Century Textiles & Industries Limited is an IS/ISO 9001:2000 and ISO 14001 company. The Government of India also awarded it with 'Three Star Export House' status.[7]

    History[edit]

    In 1897, the company was established as Century Textiles Limited and listed on BSE with its Registered Office at Mumbai. Till 1951, the Company operated only one Cotton Textile Mill in Mumbai.

    In 1956, the company began its Rayon Division at Kalyan, near Mumbai to manufacture Viscose Filament Rayon Yarn.

    The company diversified into production of cement by establishing its first cement plant at Baikunth, near Raipur (Chhattisgarh) in 1974.[8]

    In 1984, it started its pulp and paper division called Century Pulp and Paper at Lalkuan, Nainital district.[9]

    The textile mill stopped the production in Mumbai in 2006 due to increase in operating costs. The new plant in Jhagadia, Bharuch district, became functional in 2009 with the name Birla Century and is producing finer cotton fabrics.[10]

    In 2016, Century Textiles and Industries established its real estate subsidiary called Birla Estates.[11]

    In 2018, Century Textiles and Industries announced the demerger and sale of its cement division to UltraTech Cement in a stock swap deal.[12]

    References[edit]

    1. ^ "Century Textiles and Industries Ltd". Centurytextind.com. Archived from the original on 26 February 2011. Retrieved 2 December 2010.
  • ^ "Kumar Birla to lead Century Textiles". The Times of India. 7 April 2006. Retrieved 2 December 2010.
  • ^ Sharad Vyas (17 November 2010). "BMC may take back mill land". The Times of India. Retrieved 2 December 2010.
  • ^ "Century Textiles sees margin pressure as cotton zooms". The Economic Times. 22 September 2010. Retrieved 2 December 2010.
  • ^ a b c d "Century textiles Q4 FY24" (PDF). bseindia.com. Retrieved 26 April 2023.
  • ^ Udit Prasanna Mukherji (13 January 2010). "B K Birla plans to hike stake in group companies". The Times of India. Retrieved 2 December 2010.
  • ^ "Century Textile and Industries Ltd.,TEXPROCIL, Cotton Textiles, Textile Industry India, Cotton Yarn, Fabrics, Made-ups, Handlooms". Texprocil.com. Retrieved 2 December 2010.
  • ^ "Kumar on the doorstep of Century". The Telegraph. Retrieved 20 July 2023.
  • ^ Chaki, Deborshi (11 May 2017). "Century Textiles looks to exit paper business". Mint. Retrieved 20 July 2023.
  • ^ "Century plans mega cement expansion". Business Standard. Retrieved 20 July 2023.
  • ^ "Kumar Birla makes realty foray". Business Standard. 4 February 2016. Retrieved 2 May 2024.
  • ^ "UltraTech to buy Century Textiles' cement biz through a share-swap deal". Business Standard. Retrieved 20 July 2023.

  • Retrieved from "https://en.wikipedia.org/w/index.php?title=Century_Textile_and_Industries&oldid=1223623874"

    Categories: 
    Manufacturing companies based in Mumbai
    Textile companies based in Maharashtra
    Conglomerate companies of India
    Manufacturing companies established in 1897
    Indian companies established in 1897
    Companies listed on the National Stock Exchange of India
    Companies listed on the Bombay Stock Exchange
    Aditya Birla Group
    Hidden categories: 
    Articles with short description
    Short description matches Wikidata
    Use British English from March 2013
    Use dmy dates from November 2020
     



    This page was last edited on 13 May 2024, at 09:56 (UTC).

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