Nakoda earlier known as Nakoda Textile Industries Ltd. was incorporated on August 13, 1984. It became a deemed public company by virtue of Sec. 43 A of Companies Act 1956 on August 17, 1989. By means of resolution passed by the company in annual general meeting held on 16th September 1991, company was converted into public company.
The company was engaged in trading of yarn for years since incorporation and estabished it's own texturising plant at Silvassa in the Union Territory of Dadra & Nagar Haveli in February 1986. It was engaged in processing of polyester yarn like texturising & twisting. It’s licensed capacity & installed capacity of texturising was 708 M.T. and twisting was 525 M.T. in 1991. The texturising capacity was then expanded to 2658 M.T. by adding new texturising machines. The expansion plant was set up at village Karanj.
The company embarked upon integrated plan of POY spinning with an installed capacity of 6000 MTPA, initially. POY spinning lines alongwith other machineries were erected at the site and commercial production commenced in March 1997. The company then discontinued trading activity in grey cloth. Gradually, POY capacity was enhanced to 12500 MTPA by installation of balancing equipements, increasing productivity, introducing cost control and developing capabilities of human resources.
The company made its maiden public issue of fully convertible debentures aggregating to Rs. 600 lacs in the year 1992. A preferential allotment of equity shares aggregating to Rs. 494.50 lacs was made in the year 1997. With this allotment the total paid up equity capital was Rs. 1100 lacs. The shares are listed at Bombay Stock Exchange.
In the year 1999 the company was successful in acquiring plant and machineries of Garware Nylons Ltd. (in Liqn.) Pune. It has enhanced its POY production capacity to 21600 MTPA in the year 2001. Further company also acquired POY production facilities of Indian Organic Chemicals Ltd., Chennai. The equipements of same where used at Surat plant for further expansion and to enchance production. In the year 2004 POY spinning capacity was expanded to 31000 MTPA.
In the year 2007 company undertook expansion envisaging addition of 20,000 MTPA of fully drawn yarn (FDY) to the existing capacity. The FDY plant became fully operational in November 2007. FDY is expected to improve both, the top and bottom line of the company significantly as FDY is a more value added product. Unlike POY which has to be texturised before conversion to fabrics. FDY can be directly used for weaving.
In 2010 the name of the Company was changed from Nakoda Textile Industries Ltd to Nakoda In 2011 NakodaTextIn - Nakoda commences 5.25 MW Wind Power at Ratlam, MPClean Energy (Completed at a cost of Rs. 32 Cr.)Phase II- Expansion (Completed at a cost of Rs. 234 Cr.)Product range of the company includes: