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Gokaldas Exports Ltd
Gokaldas Exports Ltd Company History
Gokaldas Exports is engaged in the business of design, manufacture and sale of a wide range of garments for men, women and children and caters to the needs of several leading international fashion brands and retailers. GEL is one of India’s largest manufacturer/exporters of readymade garments.
2004
2. September 30, 3 International Clothing Company
2004 Unit I, II & III
3. September 30, 2 Hinduja Sportswear unit 16 II
4. September 30, 3 Carnival Clothing Company unit I, II
2004 & III
5. September 30, 2 Global Garments II & III
6. September 30, 2 New Generation Apparels
2004 unit I & II
September 30, 1 Asiatic Exports
7. September 30, 3 Venkateshwara Clothing Company,
2004 Lucky Tex Unit I & III
8. September 30, 3 Hinduja Fashions & Balaji Finishing
2004 House unit I & II
9. September 30, 3 J.D.Clothing Company, Unit I, II & III
September 30, 4 The Intex Unit I, I, III & IV
10. September 30, 3 Triangle Apparels
2004 Unit I, II & III,)
September 30, 3 Euro Clothing Company unit I, II & III
11. September 30, 3 Wear Wel unit I, II & III
Total 38
Phase 3
Subsequently, we, Gokaldas Exports Limited acquired all of the
above-mentioned tweleve (12) companies from our promoters by paying
consideration in cash and thus made those tweleve companies our
subsidiaries.
As on today we have licenses for 5 factories in our own name and
license of 38 factories in the name of our subsidiaries.
2004
2005
Gokaldas Exports (P) Ltd has announced the entering of capital market with an initial public offering of 31.25 lakh equity shares of face value Rs 10 each. The IPO will be priced at Rs 375-425 a share through a 100-per cent book-building route. The offer will open on March 30 and close on April 6. 18.75 lakh shares or 60 per cent of the equity shares will be issued on a discretionary basis to qualified institutional buyers. Another 15 per cent (4.68 lakh shares) will be allocated to wholesale bidders and not less than 25 per cent to retail bidders.
Gokaldas public issue oversold 42 times
Shares of Gokaldas Exports made debut on the BSE at Rs 566 on April 27, 2005, a premium of 33.18 per cent to the issue price of Rs 425.
2005
2006
Gokaldas Exports Limited has appointed Mr. L. Nandalal as Compliance Officer of the Company.
2006
2007
The Company has splits its face value from Rs.10/- to Rs.5/-.
2007
2008
Gokaldas Exports Ltd has appointed Mr. Prince Asirvatham as Chairman of the Audit Committee of Directors of the company.
Gokaldas Exports Ltd has appointed Mr. Ranjan Pant as additional Director. Mr. Ranjan Pant will act as an Independent Director of the Company.
2008
2009
Gokaldas Exports Ltd has informed that Mr. M Rangachari and Mr. Partha Sarkar are appointed as Additional Director (Independent Director) vide Circular Resolution.
2009
2011
The Board of Directors appointed Mr. Richard B Saldanha as Non Executive Chairman of the Company.
2011
2013
Dr. Yashwantrao Shankarrao Patil Thorat as an Independent Director on the Board of the Company.
2013
2014
Gokaldas Exports Ltd has allotted 178333 equity shares of the face value of Rs. 5/- each in accordance with the terms of Employees Stock Options Schemes.
2014
2023
''Commencement of commercial production by the wholly owned subsidiary''.
2023