Alok Industries Ltd

Alok Industries Share Price Today

Alok Industries Limited (AIL) is a textile manufacturer based in India. It specializes in mending and packing, leather and apparel products. Established in 1986, AIL became a public limited company in 1993. Through Alok H&A Limited, the company has a strong presence in the domestic retail segment and has expanded into international locations through Grabal Alok (UK) Limited. AIL has over 200 outlets across England, Scotland, and Wales. Track Alok Industries share price NSE & BSE daily with BlinkX.

In 2019, AIL was auctioned under insolvency and bankruptcy law to recover unpaid loans. After placing a ₹5,000 crore bid, Reliance Industries and JM Financial Asset Reconstruction Company acquired a 40.01% ownership position in AIL. The equity interest in AIL held by JM Financial Asset Reconstruction Company is 34.99%, while RIL, through its subsidiary, has a 40% stake. In 2012, AIL's turnover reached ₹8,900 crores, and exports reached ₹3,030 crores. The company expanded polyester production from 900 tons/day to 1,400 tons/day. You can explore the Alok Industries share price history for more detailed insights.

Key Personnel of Alok Industries

Mr. Surendra Bhagirathmal Jiwrajka, The Founder

Surendra Bhagirathmal Jiwrajka created Alok Industries Limited in 1986. He began as an executive director and managing director at Grabal Alok Impex Ltd.

Mr. Siddharth Achuthan, Independent Non-Executive Director

On September 14, 2020, Siddharth was admitted to the board of the corporation. He spent more than 40 years working with Deloitte, Haskins & Sells, 33 of those years as a Partner.

Business Segment of Alok Industries

Alok Industries' Segments Overview:

• Cotton Segment: Include completed textiles, bed linens, towels, spinning, weaving, and a fully owned subsidiary that does real estate investments.
• Polyester Segment: Starts from a continuous polymerisation plant to production of chips, Partially Oriented Yarn (POY), Fully Drawn Yarn (FDY), Draw Texturised Yarn (DTY), and Polyester Staple Fibre (PSF).

As of March 31, 2023, Alok Industries had several subsidiaries:- 

• Alok Infrastructure Limited: A wholly-owned subsidiary with investments in the realty sector.
• Alok Worldwide Limited: A subsidiary based in the British Virgin Islands.
• Alok International (Middle East) FZE: A Dubai-based subsidiary.
• Alok Singapore Pte Limited: A Singapore-incorporated subsidiary.
• Alok International Inc: A US-incorporated subsidiary.

Management Outlook

• Because polyester is widely used in items like athleisure, women's apparel, lingerie, etc., and because cotton costs have risen recently, the firm is positive about the market of polyester.
• India exported $16.7 billion worth of apparel in 2022, compared to $15.2 billion in 2021. Additionally, the government's backing of the industry through a number of legislative measures and recently established programmes like PLI and MITRA is anticipated to greatly strengthen the clothing manufacturing sector.