Ashutosh Fibre Ltd IPO

About Ashutosh Fibre Ltd

Our Company was originally incorporated on May 21, 1985 under the name Ashutosh Fibre Private Limited at Ahmedabad, Gujarat, under the provisions of the Companies Act, 2013 and the Certificate of Incorporation was issued at Ahmedabad by Registrar of Companies, Gujarat bearing Registration Number 007831 of 1985. Pursuant to a special resolution passed by our Shareholders in the Extra-Ordinary General Meeting held on July 29, 2024, our Company was converted from a private limited company to public limited company and consequently, the name of our Company was changed to Ashutosh Fibre Limited and a fresh certificate of incorporation dated April 21, 2025 was issued to our Company by the Registrar of Companies, Central Processing Centre. The present CIN of our Company is U24299GJ1985PLC007831.

The global technical textile industry has evolved into a dynamic, innovation-driven sector that emphasizes functionality over aesthetics. These specialized textiles are used in a wide range of industries such as automotive, medical, construction, agriculture, Industrial and defence. Their ability to deliver properties like strength, thermal resistance, flame retardancy and filtration has made them essential in both industrial and consumer applications. As industrial activity continues to grow globally, the demand for high-performance textiles-particularly in transport and industrial use cases-has steadily increased. India's technical textile sector has gained strategic importance in recent years, transitioning from a niche category to a key focus area for industrial modernization and import substitution. These textiles designed for functional and performance-based use are increasingly integrated into essential industries such as transportation, Industrial, healthcare, environmental protection, packaging, defence and civil engineering. Driven by advancements in material science and changing market needs, technical textiles are enabling product innovation and efficiency across a wide range of applications. The industry is witnessing accelerated adoption, supported by policy interventions, rising awareness among end-users and growing emphasis on safety, hygiene and sustainability.

The Company was engaged in both manufacturing and trading activities. Trading continued to contribute significantly to the business until FY 2006-07; however, over time, manufacturing emerged as the primary area of focus. In 2010, Abhishek Rajendrakumar Agarwal, who possesses relevant industry experience, joined the Company through a transfer of shares and contributed to the further development and expansion of the Company's manufacturing capabilities. Currently, the business is managed by our promoters, Siddharth Prakash Patel and Abhishek Rajendrakumar Agarwal. Under their leadership, the Company has scaled its operations and established a manufacturing facility in Petlad, Gujarat, specializing in the production of various technical and synthetic yarns.

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