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Company based in Mumbai, India From Wikipedia, the free encyclopedia
Century Textile and Industries is an Indian textile and paper manufacturing and export company based in Mumbai. The main business activity involves manufacture of cotton textiles, yarn, denim, viscose filament rayon yarn, tire-cords, caustic soda, sulfuric acid, salt, pulp, and paper. The company also has a presence in the international textile markets and exports its products to more than 45 countries.
Company type | Public |
---|---|
Industry | Textiles & Paper |
Founded | 1897 |
Headquarters | Mumbai, Maharashtra, India[1] |
Key people | Kumar Mangalam Birla (Chairman)[2] RK Dalmia (Managing Director) [3][4] |
Products | fabrics, designer wear, denim, cosmetics & toiletries, engineering files & tools, prophylactics and air charter services |
Revenue | ₹4,570 crore (US$550 million) (2024)[5] |
₹60 crore (US$7.2 million) (2024)[5] | |
Total assets | ₹10,510 crore (US$1.3 billion) (2024) [5] |
Total equity | ₹4,095 crore (US$490 million) (2024) [5] |
Number of employees | 7,708 (March 2024) |
Parent | Aditya Birla Group[6] |
Subsidiaries |
|
Website | www |
Century Textiles & Industries Limited is an IS/ISO 9001:2000 and ISO 14001 company. The Government of India also awarded it with 'Three Star Export House' status.[7]
In 1897, the company was established as Century Textiles Limited and listed on BSE with its Registered Office at Mumbai. Till 1951, the Company operated only one Cotton Textile Mill in Mumbai.
In 1956, the company began its Rayon Division at Kalyan, near Mumbai to manufacture Viscose Filament Rayon Yarn.
The company diversified into production of cement by establishing its first cement plant at Baikunth, near Raipur (Chhattisgarh) in 1974.[8]
In 1984, it started its pulp and paper division called Century Pulp and Paper at Lalkuan, Nainital district.[9]
The textile mill stopped the production in Mumbai in 2006 due to increase in operating costs. The new plant in Jhagadia, Bharuch district, became functional in 2009 with the name Birla Century and is producing finer cotton fabrics.[10]
In 2016, Century Textiles and Industries established its real estate subsidiary called Birla Estates.[11]
In 2018, Century Textiles and Industries announced the demerger and sale of its cement division to UltraTech Cement in a stock swap deal.[12]
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