Aditya Birla Real Estate Ltd Share Price Live

History of Century Textiles and Industries Limited

Incorporated in 1897, Century Textiles and Industries Limited is involved in the manufacturing of textiles, pulp and paper and real estate activity. The company is a part of the Aditya Birla Group. Century Textiles and Industries Limited started its journey in 1897 in Mumbai by manufacturing viscose filament rayon yarn. In 1961, the company got a licence for a rayon-grade caustic soda plant with a capacity of 30 tonnes. In 1969, Century Textiles and Industries acquired a salt manufacturing plant at Jamnagar to make sure their caustic soda plant gets a continuous supply of good quality salt. In 1971, Century Textiles and Industries Limited got approval from the government to set up a textile mill in Indonesia. In 1974, the company ventured into cement manufacturing. In 1984, the company ventured into pulp and paper manufacturing. In 1987, they expanded to other geographical locations, such as Japan, South Korea, Taiwan, etc. In 1994, the company set up its first vertically integrated cotton yarn unit with 24,960 spindles. By 1996, Century Textiles and Industries commenced their fourth cement plant in India with a capacity of 1 MTPA. In 1997, the company installed a thermal power plant of 15 MW. In 2008, Century Textiles and Industries Limited established a textile mill unit of 100 acres. In 2016, they entered into the real estate business. In 2019, the company’s cement division was demerged into UltraTech. As of March 2023, the company had 3 manufacturing plants in India and serves the entire country and 45 countries in the world.

Business Segments of Century Textiles and Industries Limited 

The primary business verticals of the company are as follows:

• Real Estate: In this segment, the company undertakes commercial and residential real estate projects in India. The business runs under their brand, Birla Estates. Their portfolio contains high-quality projects that also promote eco-friendly and sustainable lifestyles. They have completed 2 commercial and 5 residential projects in Mumbai, Bangalore and NCR.
• Pulp and Paper: Under this segment, the company is known as a well-known producer of premium writing paper, printing paper, board, tissue products and Rayon Grade Pulp.
• Textiles: In this segment, the company produces suits, household linen and finer fabrics.

As of March 31, 2023, the few subsidiaries of Century Textiles and Industries Limited are as follows:

• Birla Estates Private Limited: This is a wholly-owned subsidiary of the company that is involved in the construction and development of commercial and residential buildings.

• Birla Century Exports Private Limited: This wholly-owned subsidiary of the company is engaged in the business of wholesale textiles, fabrics, yarn, sports clothes, household linen, articles of clothing and more.

Key Personalities of Century Textiles and Industries Limited

R. K. Dalmia, Managing Director  R. K. Dalmia is the Managing Director of Century Textiles and Industries Limited. He has been a part of the Century Textiles and Industries since 1984. Previously, he was the Vice-President of the Technological Institute of Textiles and Sciences (TITS), Haryana and later was promoted as the President in 1983.