The company was originally incorporated as ‘Akshar Spintex Private Limited’ at Jamnagar, Gujarat as a Private Limited Company under the provisions of Companies Act, 1956 vide Certificate of Incorporation dated June 19, 2013 issued by the Registrar of Companies, Gujarat, Dadra and Nagar Havelli. Subsequently, the Company was converted into a Public Limited Company pursuant to shareholders’ resolution passed in the Extra-ordinary General Meeting held on December 26, 2017 and the name of the Company was changed to ‘Akshar Spintex Limited’, vide a fresh Certificate of Incorporation dated January 5, 2018, issued by Registrar of Companies, Gujarat.

The manufacturing facility of the Company is situated in the vicinity of the rich cotton growing areas of Gujarat. The company has installed capacity of total 24,480 spindles. Plant is located at Kalavad, District Rajkot, Gujarat.

The company is promoted by Ashok Bhalala, Amit Gadhiya, Harikrishna Chauhan and Rekhaben Chauhan. They have sound knowledge and experience in the industry in which they operate. Their Promoters have sound knowledge of manufacturing process, marketing, finance and all kind of other commercial activities related to the cotton textile industry including but not limited to manufacturing and marketing of raw cotton, Cotton bales, Cotton seeds, yarn and by-products.

Business area of the company

Akshar Spintex Limited is engaged in the manufacturing of cotton yarn. The company manufactures 100% cotton yarn which includes combed, semi-combed and carded yarn. The company’s activities include manufacturing, marketing of raw cotton, cotton bales, cotton seeds, yard and by-products. Plant is located in vicinity of main raw material i.e. sankar cotton.

Major Events and Milestones

• 2013: Incorporation of the company as a private Limited company under the name and style of Akshar Spintex Private Limited.
• 2018: Conversion of company from Private Limited Company to Public Limited Company.