Trident Texofab Ltd Share Price

History of Trident Texofab Ltd

Trident Texofab Limited (TTFL) was originally incorporated as a Private Company as 'Trident Texofab Private Limited' on September 05, 2008. Subsequently, the Company changed the name to 'Trident Texofab Limited' w.e.f. June 06, 2017. The Company founded by Mr. Hardik Desai and Mr. Chetan Jariwala, began its operations in 2008 in Surat, Gujarat, India's renowned textile hub. The manufacturing journey commenced with a greenfield investment in Surat, Gujarat, which laid the foundation for a robust production infrastructure. Initially, the Company operated as a textile trading entity, specialising in a diverse range of home furnishing products such as bed sheets, curtains, upholstery, and more. It also ventured into various other textile categories, including scarfs, pareos, suiting, and sh ...irting. The Company's trading operations flourished over the years, leading to a significant decision to transition from a private to a public entity. This strategic move was designed to elevate the Company's operations and support its expansion into the manufacturing sector of the textile industry. Trident Texofab operated as a textile trading Company dealing primarily in Home Furnishing products such as bedsheets, curtains, upholstery etcetera, along with other textile categories such as Scarfs, Pareos, Suiting, Shirting and others. ISO 9001, ISO 14001, ISO 18001, SA 8000, OekoTex, KHOL'S, SADEX, CTPAT, WALMART, the Company's current pillow shell's production capacity is 6,00,000 pillows per month. In September, 2017 the Company raised money from public through IOP of 11,76,000 Equity Shares with capital aggregating Rs 3.53 Crore. This decision was taken to catapult the operations of the Company to next level, and to also venture into manufacturing expansions in the textile industry. In 2018, Trident embarked on its first greenfield investment in Surat, Gujarat, marking the beginning of its manufacturing journey. Since then, the Company has made significant progress, establishing production units for manufacturing grey fabrics and finished garments, along with offering an array of value-added services such as embroidery, stitching, and digital printing. In 2019, the Company started Digital Printing Division, embroidery and stitching unit. It also installed and started Embroidery and Stitching machines. Further, the Company commenced the commercial production of Weaving Plant in Surat in April, 2019. It started its commercial production/ operations from the Shuttle Less Brand New Flexible Rapier Loom at the Manufacturing unit of the Company situated at Surat, Gujarat w.e.f 16.02.2021. The Company expanded its operations for manufacturing facility of Fabrics at its manufacturing unit located at Surat, Gujarat, leading to a capacity augmentation from 8-9 lakh meters per month to 20-22 lakh meter per month w.e.f. 23.06.2021. Today, Trident Texofab stands as a semi-composite textile Company, actively engaged in both manufacturing and trading activities. Its interests encompass home furnishing, garments, technical textiles, and a variety of polyester and poly-blend fabrics.