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Pioneer Embroideries Ltd logo

Pioneer Embroideries Ltd

NSE: PIONEEREMB BSE: 514300

₹25.78

(2.71%)

Wed, 18 Mar 2026, 08:19 pm

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Company History

1991

  • The company was incorporated on 25th October under the Companies Act, 1956 in the state of Maharashtra at Mumbai
  • The company has been incorporated to set up facilities to design and manufacture embroidery fabrics and laces

1994

  • The company proposes to enter into the high-value added garment business as part of forward integration
  • The company entered the capital market and offered 28,10,000 equity shares of Rs 10 each for cash at par

1995

  • The R&D department has successfully developed chemical laces, a high-value added and import substitute product

1997

  • The company's products are positively correlated with the fashion industry
  • The company has taken up an expansion project at Silvassa by importing 12 computerised embroidery machines
  • The authorised capital of the company is proposed to be increased from Rs 5,00,00,000 to Rs 8,00,00,000

1998

  • The manufacturing capacity is enhanced due to the installation of 12 fully computerised embroidery machines
  • The Company has issued 16,50,000 equity shares of Rs 10 each for cash at par to the promoter-directors, their relatives, and associate concerns
  • The Company has carried out R&D in the area of product development and capital reduction

1999

  • Pioneer Embroideries Ltd enters into an agreement to acquire 46,00,000 equity shares of Salzer Textiles Ltd from Interspitzen AG and Sturzenegger Lingenschaften AG

2000

  • Pioneer Embroideries Ltd will sign a memorandum of understanding for marketing its products abroad through Moojin International Ltd
  • Pioneer Embroideries takes over Coimbatore-based Sulzer Textiles, a loss-making export-oriented embroidery manufacturing unit
  • Pioneer sets up the world's largest crochet lace plant by installing 364 machines
  • Pioneer acquires the Hakoba brand in a deal worth Rs 12 crore
  • Pioneer Embroideries takes over Sulzer Textiles

2001

  • Pioneer Embroideries Board approves the formation of a 100% subsidiary in UAE and Nigeria

2003

  • PEL's Hakoba brand inaugurates a fashion gallery in Secunderabad

2004

  • Pioneer starts manufacturing of Hakoba knits
  • Pioneer Embroideries starts its 15th retail shop under the brand Hakoba

2005

  • Pioneer Embroideries acquires a South Korean factory unit for $3 million
  • Pioneer Embroideries enters into an agreement with BCCL for investment in its wholly owned subsidiary
  • The Company has given a bonus in the ratio of 1:2
  • The Company has recommended a dividend at 20% i.e. Rs 2.00 per equity share

2006

  • Pioneer Embroideries Ltd has acquired Mas Embroideries Pvt Ltd, a manufacturer of Embroidered Fabrics and Laces
  • The Company has recommended a dividend at 15% i.e. Rs 1.50 per equity share

2007

  • The Company has recommended a dividend at 15% on equity shares
  • The Company has entered into a Development Agreement with Sunteck Realty and Infrastructure Ltd for development of its property
  • The commercial production of Polyester Dope Dyed Yarn Plant has been started at Kala Amb, Dist Sirmaur in Himachal Pradesh

2008

  • Mr Shashikant G Kedia has been appointed as Company Secretary of the Company
  • Mr Narendra Kumar Jain has been appointed as Company Secretary and Compliance Officer of the Company

2009

  • The registered office of the Company has been shifted to Unit No 101B, 1st Floor, Abhishek Premises, Plot No C5-6, Dalia Industrial Estate, Off New Link Road, Andheri West, Mumbai 400058

2011

  • Mr CV Ramana has been appointed as an Additional Director on the Board of the Company
  • Mr CV Ramana has been co-opted as member of the Audit Committee

2012

  • Mr Uday V Nemlekar has been appointed as Compliance Officer of the company

2014

  • Mr Shriprakash Jain has been appointed as Chief Financial Officer of the Company

2023

  • Pioneer Embroidery Ltd commences production at its new embroidery facility

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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