COMPANY INFO
Eastern Silk Industries Ltd, a Kolkata based company is the leading exporter of silk fabrics. The company is present across the entire value chain from silk yarn to basic fabrics to designed fabrics to embroidered fabrics to made-ups. They manufacture silk yarns of various counts (20's to 240's) and fabrics in a variety of weaves, textures and surface-effects.
The company's operations include manufacturing of silk yarn; fabrics and made-ups; home furnishings; fashion fabrics; handloom fabrics; double width fabrics; scarves, laces and belts, and embroidered fabrics. They offer products in two groups: furnishing fabrics and fashion accessories. The furnishing fabrics include plain, embroidery, patch, weaves, embossing, jacquards, dobbies and emboss. The fashion accessories include fashion fabrics, readymade furnishings and scarves.
The company is headquartered in Kolkata. They export their products to United Kingdom, United States, Japan, EFFTA countries, Canada, European Union, New Zealand, Australia, and Scandinavia. The Government of India recognized the company as a Golden Star Trading House.
Eastern Silk Industries Ltd was incorporated in the year 1946 with the name Eastern Silk Manufacturing Company Ltd. The company was thereafter converted into a private limited company with the name Eastern Silk Manufacturing Company Pvt Ltd on June 12, 1956. They were again converted into a public limited company and the name was changed to Eastern Silk Manufacturing Company Ltd on July 26, 1975. In August 12, 1975, the company changed their name to Eastern Silk Industries Ltd.
During the year 1990-91, Eastern Enterprises Ltd became a wholly owned subsidiary of the company. They also diversified into export of leather goods. In November 1992, the company came out with the public issue at a premium of Rs 10, aggregating Rs 4.02 crore, to part-finance the expansion of processing facilities and the upgradation of the looms.
During the year 1995-96, the company's