Pioneer Embroideries Ltd
NSE: PIONEEREMB BSE: 514300
₹20.03
(0.60%)
Sat, 17 Oct 2026, 01:00 pm
Market Cap (in Cr)61.8
PE Ratio0
Dividend0
Consumer Non-Durables
Apparel/Footwear
24.5KCompany 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
