Who is the owner of Sintex?
Who is the owner of Sintex?
|Headquarters||Kalol, Gujarat , India|
|Key people||Rahul Patel, chairman and MD Amit Patel, MD|
Is sintex Indian company?
The company is headquartered in Kalol in Gujarat with 13 branch offices across India. They are having a strong presence in the European, American, African, and Asian markets including countries like France, Germany and USA. Sintex Industries Ltd was incorporated in the year 1931 as The Bharat Vijay Mills Ltd.
Who is buying Sintex Industries?
Reliance-ACRE joint bid to acquire the Sintex Industries Ltd, which is undergoing an insolvency process, was approved by the lenders on Sunday. The Rs 3,651 crore bid is part of the plan which will see the share capital of the beleaguered textile company reduced to zero.
Is sintex bought by Reliance?
The joint bid of Reliance Industries and Assets Care and Reconstruction Enterprise to acquire the debt-ridden textiles maker Sintex Industries has been approved by the lenders.
What is the problem with Sintex Industries?
because of deterioration of their financial position. Sintex BAPL reported a loss of Rs 79 lakh in FY19 against profit of Rs 21.21 crore in the previous fiscal because of higher finance costs. Sintex Prefab & Infra reported a profit of Rs 6.28 crore in FY19 against Rs 52.2 crore in FY18.
Is Sintex plastic in Nclt?
Sintex BAPL was admitted in December 2020 by NCLT based on a petition made by Zielem Industries, a trade creditor. After the company settled the trade creditor’s dues, Sintex Plastics Technology, the parent company, sought appellate authority’s approval to withdraw it from NCLT.
What is the product of Sintex plastic?
PRODUCT OVERVIEW Sintex has industrial products ranging from primary bins, chemical storage tanks, chemical processing tanks, containers, insulated crates, troughs, pallets, fish boxes, cold boxes, to FRP tanks and bulk containers.
Is sintex a plastic?
Building Products & Custom Moulding Solutions, Plastic Water Tanks In India. Sintex Industries Limited has been demerged into two Companies. This website is for Sintex Plastics Technology Limited having Custom Moulding, Prefab and Plastics business.
Will Sintex list again?
The equity shares of Sintex Industries Limited (SINTEX) are delisted from today and shall not be available for trading w.e.f 22nd March 2022. The entire share capital of Sintex Industries Limited will be written off as part of the Insolvency resolution process.
Will Sintex share become zero?
“Sintex Industries vide its announcement dated March 20, 2022, informed the Exchange regarding approval of the resolution plan by the Committee of Creditors’ members… which proposes that existing share capital of the Company shall be reduced to zero and the Company will be delisted from the stock exchanges,” said BSE …
Will Sintex be listed again?
Will Sintex recover?
No chance of recovery, Sintex lenders in talks with three players to sell firm. State-owned Punjab National Bank is the lead lender to Sintex Industries.
Who is the founder of Sintex?
Sintex was established in 1992 by late founder Mr. Ashok Budhrani. The company was founded as a small-scale plastic manufacturing company with a vision to become an acknowledged first class company, and a leader in precision, customer service, with a pre-eminent reputation for quality and performance.
Why choose Sintex plastics?
The company was founded as a small-scale plastic manufacturing company with a vision to become an acknowledged first class company, and a leader in precision, customer service, with a pre-eminent reputation for quality and performance. Nearly 30 years on, Sintex is now a leading plastics manufacturer that has built a trusted brand in Ghana.
How many manufacturing plants does Sintex have?
Headquartered in Kalol, Gujarat, India, it has 17 manufacturing plants across the country and 18 internationally A leader in the category, Sintex Plastics have been known to create categories.
Why sinteks group of companies?
Founded in 1996, Sinteks Group of Companies is one of the largest and successful fashion retail companies in the Caucasus and Central Asia. Sinteks manages more than 100 fashion, jewelry, beauty and household utilities stores, and more than 10 branches of coffee shops.