Alok Industries Limited: Expanding Horizons
(Contd. from page 2...)
Grabal Alok Impex is the leading manufacture of all kinds of embroidered products (like Edgings, Allovers, Guipures, Embroidered curtains, Embroidered Table-ware, Napkins etc.) for application on Home Textiles and Apparel. It is the most modern and largest embroidery manufacturing capacity in India with an installed capacity of 9248 million stitches which provides it with significant benefit from economies of scale. This is supported by a vast library of over 25,000 in-house designs, strong team of experienced and creative designers caters to large customer base comprising of well-known garment exporters, export houses and overseas buyers. Technical and design support from Grabal, Austria provide access to Alok’s integrated manufacturing facilities. This way it is well-equipped to offer complete embroidery range to meet customer demand and higher value addition, for better margins.
Recent Investment in UK Based Retail Chain
Also the Company has acquired a stake of 26% in a UK based retailing company Hamsard 2353 Ltd for £ 6.4 million. Hamsard 2353 Ltd operates retail stores across England, Scotland and Wales. The stores operate under the name “qs” and are value for money stores to sell garments and home textile. The group has completed the restructuring of the retail business by implementing a Creditors Voluntary Arrangement (CVA). The number of stores stands at 207 spread over 850, 000 sq. feet with an annual turnover of UK £ 110 mn and staff strength of 2670 and Grabal Alok is considering a further investment of £ 8 million in Hamsard 2353 Ltd to increase its stake to 75%.
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