Shiva Texyarn Ltd

About the Company :

Incorporated in 1980 as Annamalai Finance Private Ltd, Shiva Texyarn Limited (STL) was converted into a public limited company in 1985 and later renamed as STL. At present, STL is primarily engaged in the manufacture and marketing of yarn to both the domestic and export markets with an aggregate spinning capacity of 91,488 spindles. Until FY08, STL was purely into spinning; however, in the last five years, STL has established a knitting unit with 41 knitting machines and garments unit with 120 sewing machines. The company also focuses on technical textiles which are based on lamination & coating technology. During FY15, income from technical textiles was Rs.40 crore (PY 35 crore), accounting for 9% (PY7%) of the total income. Shiva Texyarn Limited (STL) is part of the Bannari Amman Group (BAG) of companies, based in South India, having varied business interests including sugar, distilleries, textiles, granite, wind power energy, education, health care, real estate, automobiles etc.