Milestones

• 2008

• Launch of the brand “Ivy League”, a high-end ladies ethnic and formal wear segment. Setup a boutique located at The Grand Hyatt Shopping Plaza, Santacruz(E), Mumbai.

• 1999

• Upgradation of plant. The company set up 18 Somet Super Excel looms at Tarapur plant.

• 1996

• The company set up 15 new looms at the plants in Tarapur and Palghar.

• 1993

• 12,63,756 Rights Equity shares issued in propn. 1:2. (at par/Premium)

• 1991

• The Company launched a new ready-to-wear range of shirts through its own first retail outlet at Swaroop Nagar, Boisar.

• 1990

• On 1st April, Shree Rani Sati Syntex and Shree Ganesh fabrics merged with the company. The amalgamation strengthened the production capacity.

• 1986

• The second phase of the Tarapur project involving the addition of 28 automatic looms with preparatories was implemented.

  
  

  The Company installed and commissioned 21 automatic looms with preparatory under the second phase of the Tarapur project.

  
  

  In order to raise funds for their expansion project, the company offered 2,31,750 15% non-convertible debentures of Rs 100 each aggregating to Rs 231.75 lakhs as rights to the existing shareholders.

• 1985

• Company went Public & was listed on the BSE. 10,50,000 No. of Equity shares issued at par as Rights in the proportion 2:1.

  
  

  The name of the company was changed to Vinayaka Synthetics Ltd. with effect from 28th June.

• 1983

• Company set up its first plant at Palghar, comprising 36 auto looms.

• 1981

• Swasti Vinayaka Synthetics Ltd was incorporated as a private limited company on 9th March, 1981.