Alok Industries Ltd's asset
Alok Industries Ltd

@alokind.com

Alok Industries Limited founded in 1986, is a diversified and integrated manufacturer of Apparel Fabrics (Woven and Knits), Home Textiles (Bed & Bath), Cotton & Polyester Yarns and Garments.

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About

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Alok Industries is one of the leading textile conglomerates in India, with its headquarters located in Mumbai, Maharashtra. The company was founded in 1986 by Mr. Ashok Kumar Jiwrajka and Mr.


Dilip Jiwrajka. It started as a small textile trading firm and gradually expanded its operations to become a vertically integrated manufacturing and marketing organization. Alok Industries offers a wide range of products and services across various segments of the textile industry.


Its main products include textiles, garments, and home textiles. The company's product portfolio encompasses a wide range of fabrics such as cotton, polyester, viscose, and blended fabrics, catering to the requirements of both domestic and international markets. With its robust global operations, Alok Industries has a strong presence across major textile markets worldwide.


It has established subsidiaries and joint ventures in countries like the United States, Europe, and Africa, enabling it to cater to diverse customer needs in different regions. A significant subsidiary of the company is Alok Hical, which specializes in the manufacturing of home textiles. In terms of market position, Alok Industries has established itself as one of the largest integrated textile players in India.


The company has a strong global sales network, serving clients across 90 countries. It competes with both domestic and international textile manufacturers, renowned for its quality products and competitive pricing. A major achievement for Alok Industries was its successful listing on the Bombay Stock Exchange and the National Stock Exchange of India.


This marked a significant milestone for the company, showcasing its growth trajectory and investor confidence. As of the latest updates, Alok Industries faced financial challenges, resulting in debt restructuring and insolvency proceedings. However, it made a significant turnaround with the acquisition and subsequent resolution by Reliance Industries Limited (RIL).


In 2020, RIL acquired a controlling stake in Alok Industries, marking its entry into the textile and apparel sectors. In conclusion, Alok Industries is a major textile player in India, offering a diverse range of textile products worldwide. While it faced financial difficulties in the past, the acquisition by RIL has brought a positive outlook for the company's future growth and expansion

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