The company was originally formed as a partnership firm in the name and style of Vishal Textile vide partnership deed dated April 13, 2005. The name of the firm was changed from Vishal Textile to Chetan Textiles vide supplementary deed of partnership dated June 15, 2005. Subsequently, Chetan Textiles was converted into a company under part IX of the Act bearing the name as “Chetan Textiles Private Limited” under part IX of the Act vide certificate of incorporation dated June 29, 2005. Subsequently, the company was converted into a public limited company vide fresh certificate of incorporation dated August 09, 2006 bearing the name “Chetan Textiles Limited”. Pursuant to the Scheme of Demerger, the textile division of erstwhile Pradip Overseas Limited (now Pradip Enterprises Limited) merged into “Chetan Textiles Limited” and consequentially the name “Chetan Textiles Limited” was changed to “Pradip Overseas Limited” vide fresh certificate of incorporation dated October 01, 2007.
The company is one of the few textile manufacturers with niche focus on Home Linen Products of both, wider width and narrow width. In addition to the sales in the domestic markets, its products are being exported to markets in more than twenty countries (directly and indirectly). The current manufacturing capacity is 136.50 million metres per annum with an average capacity utilization of 92%. Its existing facility is located at Changodar near Ahmedabad in Gujarat. The company is enhancing its capacities to 169.50 million metres per annum in order to meet the expanding demand and further consolidate its position in the home linen market. The expansion project is being implemented at the Proposed Textile SEZ being promoted by it near Ahmedabad in Gujarat.
It has been certified as conforming to the Quality Management System Standard ISO 9001:2008 covering the supply of dyed and printed fabrics. Further, its existing manufacturing facility at, Charcharwadi – Vasana Sarkhej, Bhavla Highway, Opposite Zydus Cadila, Near Prakash Solvent, Changodhar, Ahmedabad, Gujarat, India, has been granted authorization according to Oeko-Tex Standard 100 to use the Oeko-Tex mark for articles, namely bed sets (made-ups), woven fabrics made out of 100% cotton and polyster, bleached, reactive dyed, reactive printed, dispersed dyed and dispersed printed and pigment printed (inclusive sewing threads, buttons and zippers), produced by using material certified according to Oeko-Tex Standard 100. Further, after implementation of the Project, It also intends to file applications for obtaining similar certifications for its Proposed Manufacturing Facility.
The company has been constantly making an endeavor to create new and more attractive designs / patterns on its products in order to have an advantage over other players in the market. It has a team of designers who develop the indicative designs received from customers and also develop independent designs and it has an extensive library of designs.
With effect from April 01, 2006, the textile division of erstwhile Pradip Overseas Limited (now Pradip Enterprises Limited) was demerged into the company. Pursuant to the Scheme of Demerger, the name of the Company was changed from Chetan Textiles Limited to Pradip Overseas Limited and a fresh certificate of incorporation was issued by the RoC. Pursuant to the Scheme of Demerger, all the assets and liabilities in the name of the textile division of erstwhile Pradip Overseas Limited (now Pradip Enterprises Limited) were transferred to the Company. Further vide the Scheme of Demerger, the Company allotted 3 fully paid up Equity Shares to every shareholder of the erstwhile Pradip Overseas Limited (now Pradip Enterprises Limited) against every 2 equity shares of face value Rs. 10 each held in erstwhile Pradip Overseas Limited (now Pradip Enterprises Limited).
The company is eligible for benefits under the Technology Upgradation Funds Scheme (TUFS) of the Government of India. Further, the Proposed Manufacturing Facility to be set up by the Company in the Proposed Textile SEZ is also eligible for benefits under the SEZ Act.
Product range of the company:
The company manufactures a range of Home Linen Products which include the following :-
Milestones:Pre-incorporation of the company
Post-incorporation of the company
Awards, Achievements and Certifications: