Maiden business at Coimbatore, India
Knitted garment export at Tirupur.
First spinning unit at Sathyamangalam with 6,000 spindles. Increased to 30,240 spindles by 1999
Spinning mill at Karumathampatti with 30,240 spindles; Knitting facility & Wind mill for captive use
Spinning unit at Neelambur with 50,784 spindles; Knitting facility & Wind mill
At Arasur 1,00,800 spindles; Knitting facility, Garment Unit and Wind Mills
Private Equity participation by leading US Corporate ‘Brandot Investments’ & Two others - $ 25 Mn
IPO at a premium. Shares Listed at Bombay & National Stock Exchanges, India
Expansion of value-added Compact Spinning with 1,03,680 spindles at Karumathampatti besides upgrading green energy through windmill.
At Sathyamangalam Mill, enhancing spindles to 51,456.
Melange yarn project with 16,128 spindles at Karumathampatti.
Co-gen cum Sugar Plant at Karnataka – 30 MW and 5000 TCD capacity.
Expanded Garment capacity at Arasur by 10 Million pieces.
New green field Garment capacity at Thekkalur with 12 Million pieces.
Established New green field garment facility of 36 Mn garments.
Established new Ecofriendly Processing capacity with Advanced Technology - 9000 MT. Established Sophisticated high resolution printing division – 7500 MT
Established 10 Million Garment Manufacturing unit at Mekelle, Ethiopia.
Increased Processing capacity by 4000 MT
Brown field garment expansion by 10 Mn Garments
Setup 120 KLPD Ethanol Plant at Karnataka. Sugar Mill capacity expanded to 10000 TCD
Retail segment : ‘FASO’ 100% Organic Cotton Men’s innerwear launched
To enlarge export activities in Asia, established a Wholly owned Subsidiary Company at Singapore