Spectacle Industries Ltd was incorporated on May 18,1985 as Nilhari Trading And Finance Limited. Came with its maiden public issue of 2,44,930 Equity Shares in the year 1986 and became a listed company by listing of its Equity shares at BSE. The name of the company was changed to Khaitan Weaving Mills Limited through a fresh certificate of incorporation consequent to change in name was obtained on March 16 1988.
Finally Khaitan Weaving Mills Ltd received the approval for change of name of the Company from the Registrar of Companies, Mumbai  to its preset as ‘Spectacle Industries Ltd’.
Spectacle achieved prominent growth in various sectors and now became veteran of the Industry after 24 years of long successful journey in the varied sectors.
Existing Profit making company . Established dividend track record. Existing Net Worth of around Rs. 57.07 Million and Market Cap of Rs. 2600 Million.
Due to turmoil in the textile sector, Spectacle decided to undergo for diversification by venturing in to arena of mining, power generation, processing of mineral, ores, and allied activities and altered its main objects. Achieved a turnover of over Rs.400 Million in the fiscal 2009 constituting over 95% of its turnover form diversified activities posing a steady start and committed growth.
The company is looking forward for massive expansion in its new arena of business through corporate restructuring and identified strategic partners for acquisition of mines and metal & mineral processing units.
Business area of the company
The company is presently engaged in purchasing textile materials from other companies in and around Mumbai and selling some significant portion to the wholesalers and some portion to the retailers from local markets and suburban regions in and around Mumbai.