Spinning a web of pure enchantment seems to be the aim and objective of NAHAR
SPINNING, reckoned to be the blue-chip in the NAHAR firmament.
Starting out as a tiny worsted spinning & hosiery unit in Ludhiana, it was incorporated
as Private Limited company in December 1980 & became a Public Limited company in
1983. The steady growth in manufacture & export of woolen/cotton hosiery, knitwear's
& woolen textiles enabled the company to earn the recognition as an “Export
House” followed by a “Recognized Trading House” by the Government
of India in a short span of 8 years. Its turbo-charged performance brought them
a host of fresh laurels… they include the “National Export Trophy”
by the Apparel Export Promotion Council. The latest is the prestigious Status of
“Golden Trading House” in recognition of its continuously outstanding
performance accorded by the Government of India.
In 1992, as a measure of backward integration, the company diversified into the
Spinning Industry. Today it has an installed spindles of 335000 spindles. Simultaneously
the company also established an ultra modern facility to manufacture 12.5 Million
pieces of Hosiery Garments. Today Nahar Spinning’s T-shirts are being exported
to reputed international brands such as GAP, Arrow, Old Navy, Pierre Cardin, Philips
Van Heusen, Izod, Quicksilver, Price Costco… As a measure of further value
addition Nahar Spinning has put up a plant for the manufacture of fine count mercerized
yarn & fabrics catering to both, the domestic hosiery garment market as well as
export markets. To make use of the emerging opportunities on the Global Textile
Scenario and also to have a focused business approach, the company went in for the
Scheme of demerger and arrangement to restructure its businesses.
The Scheme has already been approved by the Hob’ble Punjab & Haryana High
Court vide its Order dt. 21st December, 2006. As per the scheme, company’s
Investment Activities stand demerged and transferred to Nahar Capital and Financial
Services Limited. This has drawn a visible line between two segment i.e., One Industrial
(Textile) business and Secondly Investment and Financial Activities. Further as
per the scheme “Textiles Business” of Nahar Exports Limited stand demerged
and transferred to the company (post demerger of investment business) in accordance
with the terms of the scheme. Thus upon implementation of the Scheme the spindles
capacity of the company stand increased to 3.35 Lacs spindles.