Century Textile and Industries is an Indian textile and paper manufacturing and export company based in

Mumbai Mumbai (, ; also known as Bombay — the official name until 1995) is the capital city of the Indian state of Maharashtra and the ''de facto'' financial centre of India. According to the United Nations, as of 2018, Mumbai is the second- ...

. The main business activity involves manufacture of cotton

textiles Textile is an umbrella term that includes various fiber-based materials, including fibers, yarns, filaments, threads, different fabric types, etc. At first, the word "textiles" only referred to woven fabrics. However, weaving is not the ...

yarn Yarn is a long continuous length of interlocked fibres, used in sewing, crocheting, knitting, weaving, embroidery, ropemaking, and the production of textiles. Thread is a type of yarn intended for sewing by hand or machine. Modern manufact ...

, denim, viscose filament rayon yarn, tire-cords, caustic soda, sulphuric acid,

salt Salt is a mineral composed primarily of sodium chloride (NaCl), a chemical compound belonging to the larger class of salts; salt in the form of a natural crystalline mineral is known as rock salt or halite. Salt is present in vast quantitie ...

pulp Pulp may refer to: * Pulp (fruit), the inner flesh of fruit Engineering * Dissolving pulp, highly purified cellulose used in fibre and film manufacture * Pulp (paper), the fibrous material used to make paper * Molded pulp, a packaging material * ...

, and

paper Paper is a thin sheet material produced by mechanically or chemically processing cellulose fibres derived from wood, rags, grasses or other vegetable sources in water, draining the water through fine mesh leaving the fibre evenly distributed ...

. The company also has a presence in the international textile markets and exports its products to more than 45 countries. 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.

History

In 1897, the company was established as Century Textiles Limited and listed on BSE with its Registered Office at

. Till 1951, the Company operated only one Cotton Textile Mill in

. 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 Raipur ( ) is the capital city of the Indian state of Chhattisgarh. Raipur is also the administrative headquarters of Raipur district and Raipur division, and the largest city of the state. It was a part of Madhya Pradesh before the state of Chh ...

(

Chhattisgarh Chhattisgarh (, ) is a landlocked state in Central India. It is the ninth largest state by area, and with a population of roughly 30 million, the seventeenth most populous. It borders seven states – Uttar Pradesh to the north, Madhya Prade ...

) in 1974. In 1984, it started its pulp and paper division called Century Pulp and Paper at

Lalkuan Lalkuan is a Nagar Panchayat in the Nainital district of the Indian state of Uttarakhand. Demographics In the 2011 India census, Lalkuan had a population of 7,644. Males constituted 55% of the population and females 45%. Lalkuan had an average l ...

Nainital district Nainital district is a district in Kumaon division which is a part of Uttarakhand state in India. The headquarters is at Nainital. Nainital District is located in Kumaon Division, and is located in the lower Himalayas. Haldwani is the largest c ...

. The

textile mill Textile Manufacturing or Textile Engineering is a major industry. It is largely based on the conversion of fibre into yarn, then yarn into fabric. These are then dyed or printed, fabricated into cloth which is then converted into useful goods ...

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. In 2016, Century Textiles and Industries established its

real estate Real estate is property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this (also) an item of real property, (more general ...

subsidiary called Birla Estates. In 2018, Century Textiles and Industries announced the demerger and sale of its cement division to

UltraTech Cement UltraTech Cement Limited is an Indian cement company based in Mumbai, and a part of Aditya Birla Group. UltraTech is the largest manufacturer of grey cement, ready-mix concrete Ready-mix concrete (RMC) is concrete that is manufactured i ...

in a

stock swap In corporate finance a stock swap is the exchange of one equity-based asset for another, where, during the merger or acquisition, the swap provides an opportunity to pay with stock rather than with cash; see . Overview The acquiring company e ...

deal.

References

{{Aditya Birla Group Manufacturing companies based in Mumbai Textile companies based in Maharashtra Conglomerate companies of India Manufacturing companies established in 1897 Indian companies established in 1897 Companies listed on the National Stock Exchange of India Companies listed on the Bombay Stock Exchange