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From Wikipedia, the free encyclopedia
Shiva Texyarn Limited (BSE: 511108, NSE: SHIVATEX) (formerly known as Annamallai Finance Limited (AFL)) is an Indian textile manufacturing company based in Coimbatore, Tamil Nadu.[1] The company manufactures yarn, fabrics, garments, dry sheets and home textiles in India.[2][3][4][5]
| |
| Company type | public company |
|---|---|
| BSE: 511108 NSE: SHIVATEX | |
| Industry | Textile |
| Founded | 1980 |
| Headquarters | Coimbatore, TN, IN |
Key people | S.V. Alagappan (chairman) S.K. Sundararaman (managing director) |
| Revenue |  ₹ 5,000 million |
| Website | www |
Shiva Texyarn was incorporated in March 2002. S.K. Sundararaman is the managing director of the company.[6]
Shiva Texyarn was originally known as Annamallai Finance (AFL) and became a public limited company in 1986. Annamalai Finance Private Limited was established on 28 May 1980, and later became a public company on 25 November 1985. The name of the company changed to Shiva Textyarn Limited from the previous name of Annamalai Finance Ltd in October 2002.[7][4]
Shiva Texyarn is listed on the Bombay Stock Exchange (BSE: 511108)[8][9] and the National Stock Exchange of India (NSE: SHIVATEX).[10] The company is an associate of Bannari Amman Group and Bannari Amman Spinning Mills which is one of the largest textile groups in India. The company is 75% owned by shareholders connected to the group so the publicly floated stock is small.[11]
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