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Bang Overseas Ltd share price today (on 3 June 2023).
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BSE: 532946 | NSE: BANG | ISIN: INE863I01016 Market Cap: [Rs.Cr.] 21 | Face Value: [Rs.] 10 Industry: Textiles - ProductsBang Overseas Ltd. is an India-based company. The Company is engaged in manufacturing and marketing of textile and textile products. It is a manufacturer and exporter of men's wear. Its products include cotton fabrics, readymade garments and cotton yarn. It markets apparel products through value format stores, such as Wal-Mart, Reliance Super and Pentaloon Brand Factory, and large format stores, such as Globus, reliance Trends and Gitanjali Maya. at various locations across India. The Company also sells its products through its own retail outlets. As of March 31, 2010, the Company had 49 operational retail outlets and 38 large format stores. Thomas Scott is the brand of the Company. Its garment units are located at Bangalore and Visakhapatnam. Vedanta Creations Limited is the subsidiary of the Company. In July 2012, the Company acquired 99.99 % interest in M/s. A. S. Raiment Private Limited.
The company was incorporated in the year 1992 as Bang Overseas Private Limited and converted as Public Limited Company on February 4, 2005. The company has presently providing fashion fabrics and meeting ready to wear requirements of the customers in apparel, textile and retail segment. The company has started business from trading in textile and since 1998; the company has conceptualising and designing fashion fabrics and outsourcing the manufacturing process of the same from countries like Turkey, Portugal, Mauritius and other European Countries. In the same year, the company has launched the seasonal fabric collections in textile under the name 'Bodywaves', marketed through the own distribution channel to different brands and retailers.
The company has ventured into ready-to-wear men's' segment in 2000 by outsourcing manufacturing process with the experience in designing fabrics and in turn selling to various international brands. The company has launched ready-to-wear men's' garments under our brand name 'Thomas Scott' in 2002. The company has started its own first apparels manufacturing unit in Bangalore in the year 2005 in the name of Reunion Clothing Company with an installed capacity of 350,000 pieces per annum and in the year 2006 the company has started its second manufacturing unit in the name of Formal Clothing Company with an installed capacity of 360,000 pieces per annum. At present company have installed capacity of 720,000 and 540,000 pieces per annum at Reunion Clothing Company and Formal Clothing Company.
The company products are presently retailed through 157 point of sales comprises of own Retail outlets, Large format stores (LFS) like Shoppers' Stop, Pyramid, Globus, the LOOT, SAGA and Multi Brand Outlets (MBO) spread all over India. The company has also catered to the demand of various other apparel manufacturer and brands. The company has having centralised warehousing and logistic centre at Kalher Village near Bhiwandi to facilitate supply chain management of our business.
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