Shiva Texyarn Limited incorporated on March 23, 2002, promoted by Dr. S. V. Balasubramaniam and carrying on the business of manufacturing of textile yarn was merged with Annamallai Finance Limited through a scheme of amalgamation. Annamalai Finance Private Limited was incorporated on May 28, 1980 and subsequently became a public company on November 25, 1985. The name of the company was changed to “Annamallai Finance Limited” on December 3, 1985. The company carried out the business as Non Banking Financial Company (NBFC). The company’s initial public offer was made in the year 1986 and the shares of the company were initially listed on the Bombay Stock Exchange and Madras Stock Exchange.The shares of the company got listed on National Stock exchange with effect from October 18, 1995. The company is currently engaged in the business of finance, windmill and textiles.
The company’s wind mills, with an installed capacity of 16.795 megawatts, produced 211.59 lakh units of wind electricity in 2009. The company has a 50% interest in a joint venture company, namely Bannari Amman Apparel.
The registered office of the company is situated at 252, Mettupalayam Road, Coimbatore, Tamil Nadu- 641043.
Business area of the company
The company is engaged in the manufacturing and marketing of cotton yarn and other textile products. Its business also includes wind power generations.