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Pashupati Cotspin was originally incorporated as ‘Pashupati Cotspin LLP’ on January 07, 2013 under the provisions of Limited Liability Partnership Act, 2008 with Registrar of Companies, Gujarat, Dadra and Nagar Havelli vide and received a certificate of incorporation from the Registrar of Companies, Gujarat, Dadra and Nagar Havelli on January 07, 2013. Later, ‘Pashupati Cotspin LLP’ was thereafter converted from a Limited Liability Partnership into a Private Limited Company under part I Chapter XXI of Section 366 of Companies Act, 2013 with the name of ‘Pashupati Cotspin Private Limited’ and received a fresh certificate of incorporation from the Registrar of Companies Gujarat, Central registration Centre on July 03, 2017. Later, the Company was converted into Public Limited Company and consequently name of company was changed from ‘Pashupati Cotspin Private Limited’ to ‘Pashupati Cotspin Limited’ vide Special resolution passed by the Shareholders at the Extra Ordinary General Meeting held on July 11, 2017 and a fresh certificate of incorporation dated July 18, 2017 issued by the Registrar of Companies, Ahmedabad. The firm was established with the main aim of setting up of a manufacturing plant of ginning and spinning yarn from cotton fibres.
They are engaged in the business of processing of Kapas (raw cotton) by way of Ginning of cotton, spinning of cotton yarn and delineating Process. The products manufactured at the Company include Cotton bales, Cotton yarn and Black Cotton seeds (Delineate Seeds). By setting up of the Ginning and Spinning unit, the Company has entered into a forward integration of the Textile industry by manufacturing of cotton yarn to cope up with the changes in the fashion consciousness, development in the cotton textile sector and synchronizing with the initiatives provided by the Central and the state Government.
Business area of the Company
The manufacturing facility of company situated at Kadi of Mahesana District in Gujarat state which is close to the rich cotton growing areas of Maharashtra and Saurashtra (region) of Gujarat. The company has established a capacity of the spindlage of total 25536 spindle, and 56 ginning units. Plant is equipped with modern and automatic plant and machinery. PCL is also using the storage space available with it for the purpose of letting it out to customers and thereby earning lease rentals as consideration.
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