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Details of our Business
YARN SYNDICATE LIMITED, was incorporated on 23.05.1946 and commenced its business operations as dealers in all types of YARN soon thereafter.
The Company became one of the pioneers to export all types of yarn, viz. cotton yarn, polyester cotton yarn, polyester viscose yarn, flax yarn, jute yarn, bamboo yarn, organic yarn etc. from India and in the more than four decades since, has become one of the leading exporters of cotton and other varieties of yarn in the country.
The Company has become one of the largest merchant exporters of cotton and other varieties of yarn and during the quota regime was one of the biggest quota holders of EEC countries. In the past many decades, the Company has constantly strived to get new customers while strengthening its business relations with existing customers/manufacturers.
The Company is committed to strictly maintaining the highest standards with respect to quality of products and delivery schedules to our customers.
The products the Company is exporting are 100% cotton yarn, 100% polyester yarn, 100% viscose yarn, polyester textured yarn, jute yarn, and other types of yarn like flax yarn and raw cotton etc.
The Company is a Public Limited Company and its equity shares are listed with the BSE Limited. The Company has adopted a corporate governance policy and believes in ensuring transparency in all its operations and complies with various laws and regulations.
The Company is a Merchant Exporter and trader and is fully involved in the export and trading of various types of yarn, raw cotton and fabrics and is committed to the further growth of its business operations in competitive international and domestic markets while always maintaining strong business relations with its existing clients.
Being in the export and domestic trading business for many decades it has gathered many business contacts in this highly competitive line of business. At the same time, it continues to add new products to its export and domestic portfolio and to explore new markets for the export and trading of its products.
As on November 17, 2022, the Acquirer (i.e. Mr. Ravi Niranjan Pandya) has entered into the Share Purchase Agreement with the Selling Shareholder (i.e. Ms. Sheela Patodia), for the acquisition of 13,13,546 (Thirteen Lakhs Thirteen Thousand Five Hundred and Forty-Six) Equity Shares representing 35.03% of the Paid Up and voting Equity Share Capital of Target Company i.e. Yarn Syndicate Limited along with the acquisition of control over the Company and thereafter, the said Company is acquired.
The Company has bagged many leading exporter awards for its export performance over the decades as follows: -
- For the years 1976-77 and 1978-79, leading Exporter awards from the Cotton Textile Export Promotion Council of India (Texprocil);
- For the years 1984 to 1988 and 1990 to 1992 the highest Export Performance awards from Texprocil;
- The National Export Award, the highest in the land for exports, for the year 1991-92 presented by His Excellency Dr.Shankar Dayal Sharma, the then President of India.
- Canara Bank’s outstanding Exporters Award for the year 1992-93 given by Dr.C.Rangrajan, the then Governor of RBI;
- Export Excellence Award by the Calcutta Circle of Canara Bank for 1993-94;
- Highest export performance gold trophy for 1995-96 from FIEO;
At present, the Board of Directors of the Company has 4 (Four) Directors, Mr. Ravi Pandya, Managing Director is in charge of the affairs of the Company and he is ably assisted by Mr. Chetan Kumar Ojha, Director. Mr. Chetan Kumar Ojha joined the Company as a Director on 11/09/2023. The Company has 2 (Two) Independent Directors, Mr. Nandish Jani and Ms. Nidhi Bansal.