The major
milestones which have changed the destiny of Spentex
are:
2007:
Merger of Indo Rama Textiles Ltd. in Spentex Industries
Ltd.
2006:
Acquisition of Nagpur and Indore Units (Indo Rama Textiles
Ltd.)
Acquisition of Kolhapur Unit (Amit Spinning Industries
Ltd.)
Allotment of first QIP.
2005:
Merger of all group companies in Spentex Industries
Ltd.
Signed agreement with Bombay Dyeing & Manufacturing
Co. Ltd. to set up a contract manufacturing
facility with 50,000 spindles at Solapur unit.
Expansion of Baramati unit with 36,000 spindles.
Equity participation by Citigroup’s Venture Capital
Arm: CVCI.
2004:
Acquisition of Baramati Unit (Spentex Industries Ltd.)
2003:
Acquisition of Solapur Unit (Cimmco Spinners).
2001:
Merger of textile trading division with CLC Global Ltd.
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