Khatau Makanji Spinning & Weaving Company was incorporated in 1874. Seth Khatau Makanji laid the foundation stone of the group, which has grown into a multi-dimensional enterprise, covering industries such as textiles, chemicals, dyestuffs, shipping, electrical cables, footwear, and other products.
Due to severe financial crisis since March 1997, manufacturing operations in Mumbai have come to a standstill. Several references for rehabilitation were made by the company to the board for Industrial & Financial Reconstruction (BIFR) and Appellate Authority for Industrial and Financial Reconstruction (AAIFR) but none of these applications were accepted. The BIFR ordered the winding up of operations. However, this order was challenged by filing an appeal before the AAFIR in 2003. A Memorandum of Understanding (MoU) with the unions has been initiated to consolidate the settlement of worker dues.
The registered office of the company is located at BJ Marg, Byculla, Mumbai-400027.
Business area of the company:
The company has been engaged in the manufacture of sarees, voiles and fabrics under the brand name Khatau.