Garg Acrylics Unquoted Share price

Garg Acrylics Limited Unquoted Share - Company Overview

Garg Acrylics Limited is a Public Limited Company incorporated in India.The Company is engaged in the manufacturing of Synthetic & Cotton Yarn and readymade garments. Garg International is a partnership firm formed under the Indian Partnership Act, 1932. The firm is engaged in trading of textile products (the Subsidiary) both collectively referred as “The Group”. Garg Group, founded in 1999 as a manufacturer of worsted yarn and hosiery, has developed into the largest textile company in northern India, producing yarn, woven fabric, and knitwear with a solid reputation and level of acceptance in the market.

Garg Acrylics Share Price Unquoted Share Details as of March 31, 2024

Garg Acrylics Limited Incorporation Details

Garg Acrylics Limited Board of Directors

Sanjiv Garg, Chairman, Mg. Director

Rajiv Garg, Managing Director

Ujjwal Garg, Whole Time Director

Pardeep Makkar, Independent Director

Sanjay Sahni, Independent Director

Avnish Dhingra, Independent Director

Misha Nayar, Independent Director

Garg Acrylics Ltd Principal Business Activities

Garg Acrylics's Particulars of Holding, Subsidiaries, & Associate Companies

Garg Acrylics Limited Shareholding Pattern (As of 31-03-2024)

Indian Textile Industry Outlook

India’s textiles sector is one of the oldest industries in the Indian economy, dating back to several centuries. The textile industry in India traditionally, after agriculture, is the only industry that has generated huge employment for both skilled and unskilled labour. The textile industry continues to be the second-largest employment generating sector in India. India's textiles industry has around 4.5 crore employed workers including 35.22 lakh handloom workers across the country. The industry is extremely varied, with hand-spun and hand-woven textiles sectors at one end of the spectrum, with the capital-intensive sophisticated mills sector at the other end. The decentralised power looms/ hosiery and knitting sector form the largest component of the textiles sector. The close linkage of textiles industry to agriculture (for raw materials such as cotton) and the ancient culture and traditions of the country in terms of textiles makes it unique in comparison to other industries in the country. India’s textiles industry has a capacity to produce a wide variety of products suitable for different market segments, both within India and across the world.