Himatsingka Seide Ltd
NSE: HIMATSEIDE BSE: 514043
₹88.06
(0.61%)
Wed, 11 Mar 2026, 01:08 pm
Market Cap11.05B
PE Ratio15.54
Dividend0.27
Process Industries
Textiles
24.5KCompany History
1985
- The Company was incorporated on 23rd January.
- The certificate of commencement of Business was obtained on 15th February.
- The Company was promoted by Ajay Kumar Himatsingka and Dinesh Kumar Himatsingka.
- The Company undertook to set up a composite silk mill with an annual capacity of 7,50,000 sq. mtrs. for producing natural silk fabrics.
1986
- 6,13,200 shares subscribed for by the promoters, their friends etc.
- 20,86,800 shares were then issued at par out of which 4,66,800 shares were reserved and allotted to promoters, their friends, etc.
- The remaining 16,20,000 shares, were offered to the public in September 1986.
1990
- The company entered into a 4-year wage agreement with workmen in January.
1991
- The Company proposed to expand the existing manufacturing facilities at Doddaballapur.
1993
- 14,91,650 rights shares issued.
1994
- It was proposed to increase the capacity to 16,80,000 sq. mtrs.
- The Company proposed to set up a weaving and processing plant for producing 12,00,000 sq. mtrs. of furnishing fabrics.
- The Company entered into a technical know-how agreement with Filoti Buratti S.P.A., Italy for the spun silk project.
- Credit Himatsingka Ltd. became a subsidiary of the Company.
- 20,41,650 rights equity shares issued at a premium of Rs 71 per share to promoters group.
- 31,87,775 bonus shares issued in prop. 1:2.
1995
- The Company acquired land at Doddaballapur for setting up a 100% EOU for manufacture of Spun Silk and blended yarn with an installed capacity of 410 M.T. per annum.
- The Company received the SIA approval for the project.
- 2,830 shares subscribed.
1996
- 1,450 shares kept in abeyance were allotted.
1997
- The Company had set up a captive plant of 4.4MW capacity.
- The Company proposed to issue 14,92,100 No. of equity shares of Rs. 10 each for cash at a premium of Rs 40 per share.
- 600 shares kept in abeyance issued.
- The company is now setting up a 100 per cent EOU for manufacture of spun silk and blended yarns with an installed capacity of 410 MT per annum.
1998
- Himatsingka Seide Limited has set up a new 100 per cent export oriented unit with Italian technical know-how at Doddaballapur.
- Himatsingka Seide is setting up research and development centre for silk yarn fabrics at S M Gollahalli in Karnataka.
1999
- Himatsingka Seide Ltd has decided to offload its stake by 71 per cent to 29 per cent in Credit Himatsingka Ltd.
- Himatsingka Seide has posted a 48 per cent surge in net profit for the quarter ended December 31, 1998.
2002
- Mr R K T Talwar, Director passed away.
- Mr Nathmal Singka and Mr G V K Rao gave their resignation from the board of directors.
- Amends AOA to enable the BOD to buyback upto 10% of the paid up capital.
- Narayanan Vaghul appointed as Director of Himatsingka Seide.
2003
- Acquires M/s ABC Trading Pvt Ltd as its wholly owned subsidiary
- Appointed Mr. Shrikant Himatsingka as the Executive Director for a period of 5 years.
- Credit Himatsinka acquires 10510 shares in the company.
- Launches Atmosphere - Chain of fine furnishing stores called Atmosphere at 11, Vittal Mallya Road, Bangalore.
2004
- Himatsingka Seide decides to incorporate wholly owned subsidiary in USA
- Himatsingka Seide Ltd has set up a wholly owned subsidiary in New York - Himatsingka America Inc
2005
- Himatsingka Seide has given the Bonus in the Ratio of 1:1
- Company has splits its Face value of Shares from Rs 10 to Rs 5
2006
- Himatsingka Seide Ltd has appointed Mr. David Rasquinha as a Nominee Director by Export Import Bank of India with immediate effect.
2007
- Himatsingka Seide Ltd has completed the acquisition of an 80% stake in Divatex Home Fashions Inc. New York.
2008
- Himatsingka Seide Ltd has appointed Mr. Dilip J Thakkar, as a Chairman of the Company.
- Himatsingka Seide Ltd has re-appointed Mr. Shrikant Himatsingka, as a Executive Director, for a further period of 5 years w.e.f. June 03, 2008, liable to retire by rotation.
2010
- Himatsingka Seide Ltd has invested in setting up a 12.5 MW thermal captive co-generation power plant at its bed linen manufacturing facility located at Hassan.
2011
- HimatsngSeid - Change in Composition of Audit Committee of the Company.
2012
- HimatsngSeid has Board recommended Dividend Re 0.50.
- Himatsingka wins Asian CSR Leadership Award in the category of Developing Sustainable Strategies.
- Himatsingka Seide Ltd. has won the Best of Breed HR Award at the National Human Resource Development Network's 16th Annual Conference for the year ended 2012.
2013
- Himatsingka Seide Limited has won the Best Run SAP Award in Manufacturing at the SAP Awards for Consumer Excellence-2013.
- Board has recommended a dividend of Re. 1 per equity share of face value of Rs. 5 each for the year ended March 31, 2013.
2014
- Himatsingka linens has won Export Excellence award for the Best SEZ Manufacturer Exporter 2013-14 -Sector.
- Board has recommended a dividend of Rs. 1.50 per equity share, for the year ended March 31, 2014.
2015
- Himatsingka signs New Licensing Agreement with the globally recognized Fashion Brand kate spade new york
2016
- Company has commenced commercial production of its expanded sheeting unit at Hassan.
2018
- Himatsingka acquires the exclusive licensing rights for Tommy Hilfiger Home.
2019
- The Company has commenced commercial production at its new greenfield Terry Towel Plant located in Hassan, Karnataka.
2020
- Himatsingka launches wellbeing brand - Home Textiles
2023
- Himatsingka Unveils Himeya, Its Exclusive Bedding And Bath Products Brand, With A Pan-India Presence.
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Pocketful Fintech Capital Private Limited (CIN U65999DL2021PTC390548) | The SEBI Registration No. allotted to us is INZ000313732. NSE Member Code: 90326 | BSE Member Code: 6808 | MCX Member Code: 57120 DP | CDSL: 12099800