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CIN No. OWM was incorporated in by Late Mr. Vidya Sagar Oswal, father of Mr. The Board comprises of ten directors including three promoters directors namely Sh. Jawahar Lal Oswal, Sh. Kamal Oswal, Sh. Dinesh Oswal, the renowned industrialists and seven other directors who are technocrats, professionals, legal, commercial and financial wizards. The Board is further assisted by a team of professionals who have rich experience in their respective fields.
OWM is one of the pioneers of the organized Indian woollen hosiery industry. We believe in the philosophy 'Success is Tradition and Growth is imperative'. It made a modest beginning as a manufacturer of hosiery items, which was followed by setting up a worsted Woollen spinning plant of spindles in to serve as a backward integration of the then existing manufacturing activities.
It was one of the first worsted Woollen spinning plant in the Northern India. Marching ahead in the journey and keeping pace with overall industrial development in India, the Company is now one of the biggest producers of worsted Woollen yarns in the country.
In our Woollen hosiery segment, we start our operations with import of raw greasy wool mostly from Australia and our products include various types of specialty yarns, such as, worsted Woollen yarn, lamb wool yarn, acrylic yarn, various types of wool based blended yarn, fancy yarn, hand knitting yarn etc under the popular brand name 'OWM'.
In March the company added manufacturing of indigo dyed specialty denim fabric to its existing vast range of product portfolios.
In Junea cotton spinning unit was set up as a backwards integration of Denim plant. The manufacturing facilities of the company are spread across various locations in and around Ludhiana in Punjab fully backed by the facilities for product development and efficient testing infrastructure to provide quality products to our customers. Our products particularly the yarns have been exhibited as the best products by the International Wool Secretariat IWS an international body for regulating the spinning and hosiery industry.
As a step towards clean environment and use of renewable energy sources the company has now entered into the field of solar and wind power generation and will be setting up a total capacity of approx A management review committee under the chairmanship of Mr. Sandeep Jain, our Executive Director has been constituted for conducting the review of our Company's quality management system, quality policy and objectives at least once in six months for ensuring its continuing suitability, adequacy and effeteness.
We are committed to provide total customer satisfaction by meeting all requirements and continual improvement of quality management standards performance. The following are the objectives of our quality management system :- To enhance customer satisfaction Regular review and Upgradation of technology Cost reduction in operations.
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It is classified as Non-govt company and is registered at Registrar of Companies, Chandigarh. Its authorized share capital is Rs. Its Email address is csowm owmnahar. Number of Members. Previous Names Login to view previous names.
Add to Cart. Graphical report containing historical financial performance. Click Here to view financial report of Infosys Ltd. Lifetime access to all documents Download all 1, documents in one click View Events Timeline - List of all company events since inception. Contact Details Email ID: csowm owmnahar. Prosecution Details S.The real estate sector is one of the most globally recognized sectors. Real estate sector comprises four sub sectors - housing, retail, hospitality, and commercial.
The growth of this sector is well complemented by the growth of the corporate environment and the demand for office space as well as urban and semi-urban accommodations. The construction industry ranks third among the 14 major sectors in terms of direct, indirect and induced effects in all sectors of the economy. It is also expected that this sector will incur more non-resident Indian NRI investments in both the short term and the long term. The growing flow of FDI into Indian real estate is encouraging increased transparency.
Developers, in order to attract funding, have revamped their accounting and management systems to meet due diligence standards. Risks and threats are imminent part of any business. The Company has adequate and appropriate systems in place to ensure that the impacts of these risks are minimized and interest of the company are protected.
Also, based on the operations of the Company, risks are identified and steps are taken to mitigate them. Your company at present is exposed to the normal industry risk factor of volatility in Real estate sector and the environment with which it operates including inter alia material risk, human resources risk, execution risk and any significant downtown in the economic cycle. The Company is cautiously optimistic in its outlook for the year The Company recognizes the importance of risk management and has invested in appropriate processes, people and management structure.
Towards this end, the Board of Directors had reviewed the Risk Management Policy towards implementation of its risk management strategy and to review the systems used to manage and identify risks faced by your Company. The risk function is supervised by the Audit Committee of the Board. Audit Committee reviews the asset quality on a quarterly basis. It is the endeavor of the management that the profitability of the company is insulated to the extent possible from all the risks by taking appropriate steps for mitigating the risks in a proper manner.
The Board takes the responsibility for the management in the organization. Results of the risk assessments and residual risks are presented to the senior management and the Audit Committee members. The management is accountable for the integration of the risk management practices into the day-to-day activities.Ashok Oswal Ashok Oswal was a visionary who looked ahead with a powerful vision.
He was a Law Graduate and had a strong expertise and flair in the cotton procurement, a major component in the cost of production which determines the profitability. Under his able and matured leadership, the Group consolidated its strength in textiles with large-scale expansions within a short span of time, including the green field, high-end Yarn Dyed shirting fabric project at Kolhapur in Maharashtra. He believed in developing and empowering his team of professionals for overall growth of the organization.
He is a dynamic leader with a passion for excellence. He ventured into garment business at a very young age and since the yearhas been playing a pivotal role in guiding the yarn and fabric business of the Group.
He leads from the front and is a driving force behind the group. Possessing a never say-die spirit, he acted as a torch bearer to sail the Group smoothly through the recent tough times. With the diversification into Real Estate, he embarked on a new vision for the Group with his thrust on "Disruptive Innovation" and "Change Management". As an active member of YPO, he is able to broaden his vision and business perspective to lead the Group to newer heights.
Toggle navigation. Web Design by Royalways.Order Now. Weather Pollution News Punjab Elections. This story is from February 14, He has also decided to take appropriate legal proceedings against Pankaj.
Soon after Delhi high court had ordered a status quo in the case, Pankaj had issued a release through his legal representative giving details about Oswal's assets.
For instance, 3 Tilak Marg is an asset of Oswal Greentech Limited and the court has been mislead to believe it is an asset of Mr Oswal. If, director of a public company dies or is incapacitated, a new one is appointed by the current board of directors based on merits of the individual. In this case, the current board of directors by majority appointed Aruna Oswal as chairperson and additional director of both companies on April 2,on the basis of her capabilities and merits.
Sachin Deshmukh, legal counsel of Pankaj Oswal, refused to comment on the latest development. More from TOI These foods can clean your lungs naturally! Is Dalgona Coffee over-hyped? Navbharat Times. Featured Today in Travel.Never miss a great news story!
Oswal Agro Mills Ltd.
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Ludhiana: Oswal family dispute over property takes fresh turn
Change: Volume:. Open: Prv. Bid: Offer:. The company was incorporated on 14th December, and the certificate of commencement of business was obtained on 13th February, The company entered into an agreement with Oswal Woollen Mills Ltd. The consideration was paid by the company in the following manner : i Issue of equity shares of Rs 10 each at par to Oswal Woollen Mills Ltd. The company also became the owner of rights, patents, know-how, licences, etc.
In June, the company set up a soya bean processing plant at Mandideep in M. Inthe Company set up an oxygen plant at Ludhiana. Inthe Company took over a running sugar mill with 2, tonnes per day capacity and a new plant with 60, TPA capacity was to be set up for the manufacture of industrial hard oils, fatty acids, stearic acids and glycerine.
The company acquired an existing petrochemicals and alcohol based complex in Bombay in August Commercial production in December, followed petrochemical section in March, Oswal Greentech Ltd. Newsnation Network Pvt.Note : Support and Resistance level for the day, calculated based on price range of the previous trading day.
Note : Support and Resistance level for the week, calculated based on price range of the previous trading week. Note : Support and Resistance level for the month, calculated based on price range of the previous trading month. E TTM is displayed only when latest 4 quarter results are positive. Read 0 investor views. View More. Abhey Oswal wanted his wife to succeed him at Co:Oswal Greentech.
The company has a good dividend track report and has consistently declared dividends for the last 5 years. BNK Capital: Outcome of board meeting. Peoples Investment's board meeting on May 3, Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express writtern permission of moneycontrol. Close Ad. Multiply your wealth now with multibaggers from poweryourtrade.
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OSWAL WOOLLEN MILLS LTD
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