Angel Fibers Ltd (541006)

Angel Fibers Limited was initially founded as a private limited company in Rajkot, India in February 2014. It has since then been converted to a public limited company in December 2017 and changed its name accordingly. The company is supervised by promoters Ashok and Prafulaben Dudhagara, the latter owning 500,000 equity shares as of January 1, 2015. Angel Fibers is primarily affianced in the business of spinning cotton yarn, as well as trading in cotton waste - a byproduct of its finished products. Its manufacturing facility is situated in Kalavad, Gujarat, close to the cotton-growing areas of Maharashtra and Saurashtra, featuring 19,584 spindles and 4,363MT of yearly capacity for manufacturing. By participating in the textile industry's forward integration, the company is capable of adjusting to changes in the fashionable consciousness of cotton textiles, as well as synchronizing with relevant government initiatives. The firm is enabled by experienced managers, while Ashok has extensive experience in the cotton industry and special dealing relations with cotton and yarn brokers, allowing it to sell its product both locally and overseas.

Share Price: ₹21.65 per share as on 16 May, 2024 04:01 PM
Market Capitalisation: ₹54.13Cr as of today
Listing date: 01 Jan, 0001
Chairperson Name: Rameshbhai J Ranipa