Indo Count Industries Ltd

Indo Count Industries (ICIL) was founded in November 1988 as Vishnu Aluminium, a public limited company, and took on its current name in April 1990. A K Jain, S Jain, and other associates promoted the firm. In November 1990, ICIL went public to partially fund combed yarn production in Gokal Shirgaon in Kolhapur, Maharashtra. The firm primarily manufactures 60's and 2/60's combed cotton yarn. The ICIL share price has seen significant appreciation over the years, reflecting the company's growth and market strategies.

Indo Count Ltd’s Market Expansion

Over the years, the company has entered into different market segments. Here are some notable ones.

Electronic Division

In October 2004, the Company developed an electronic division that produces and assembles electronic items such as colour televisions, air conditioners, and music systems for major international brands.

New Brand Launches

During the fiscal year 2016-17, the company introduced three licensed brands in North America: 'Harlequin', 'Scion', and 'Sanderson' in the fashion bedding area. It entered the domestic home market through its subsidiary, Indo Count Retail Ventures Private Limited (ICRVPL), which established the aspirational brand 'Boutique Living' in India, which was popular in the United States. The Indo Count share price NSE reflects the market's positive response to these new brand launches.

Retail Stores

In addition to showrooms in the United Kingdom, the United States, and Australia, the company established a 9,200-square-foot experiential showroom in New York in 2016-17. This showroom allowed buyers to experience the range of products available. The expansion into retail stores had a noticeable effect on Indo Count Industries share price. You can check the Indo Count share price today on BlinkX

Key Personnel of Indo Count Ltd

• Mr. Anil Kumar Jain is the Promoter and Executive Chairman of Indo Count Industries Limited.
• Mr. Mohit Jain is the Executive Vice Chairman of the firm.
• Mr. Kailash Lalpuria is the Executive Director and CEO of the company.
• The Chief Financial Officer of the firm is Mr. K. Muralidharan.
• Mr. Satnam Saini is the current company Secretary and Compliance Officer.

Subsidiaries of Indo Count Industries Ltd

In 2016-17, the company purchased an 82.5% share in Indo Count Retail Ventures Private Limited (ICRVPL), which became a subsidiary of the company on August 24, 2016. Currently, the Company has five subsidiaries:

1. Pranavaditya Spinning Mills Limited
2. Indo Count Retail Ventures Private Limited
3. Indo Count Global Inc
4. Indo Count UK Limited
5. Indo Count Global DMCC

The acquisition of these subsidiaries has contributed positively to the Indo Count share price NSE and BSE.

Indo Count Ltd’s Corporate Actions

In 2014, the Company, as the Promoter of Pranavaditya Spinning Mills Limited (PSML), issued an Offer for Sale of 37,00,000 equity shares of Rs 10/- each in PSML (OFS). With the above mentioned OFS, the Company's stake in PSML decreased from 93.76% to 74.53%. This corporate action positively impacted the Indo Count Industries Ltd share price, as it helped streamline its focus on its core operations.