Century Textile and Industries

Aditya Birla Real Estate Limited
Company typePublic
IndustryTextiles & Paper
Founded1897
HeadquartersMumbai, Maharashtra, India[1]
Key people
Kumar Mangalam Birla (Chairman)[2]
RK Dalmia (Managing Director) [3][4]
Productsfabrics, designer wear, denim, cosmetics & toiletries, engineering files & tools, prophylactics and air charter services
RevenueIncrease ₹4,570 crore (US$530 million) (2024)[5]
Decrease ₹60 crore (US$7.0 million) (2024)[5]
Total assetsIncrease ₹10,510 crore (US$1.2 billion) (2024) [5]
Total equityIncrease ₹4,095 crore (US$480 million) (2024) [5]
Number of employees
7,708 (March 2024)
ParentAditya Birla Group[6]
Subsidiaries
  • Birla Century
  • Century Pulp and Paper
  • Birla Estates
Websitewww.centurytextind.com

Aditya Birla Real Estate (formerly Century Textile and Industries) is an Indian real estate, 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.

History

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.[7]

In 1984, it started its pulp and paper division called Century Pulp and Paper at Lalkuan, Nainital district.[8]

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.[9]

In 2016, Century Textiles and Industries established its real estate subsidiary called Birla Estates.[10]

In 2018, Century Textiles and Industries announced the demerger and sale of its cement division to UltraTech Cement in a stock swap deal.[11]

In 2024, Century Textiles and Industries was renamed Aditya Birla Real Estate.[12]

References

  1. ^ "Century Textiles and Industries Ltd". Centurytextind.com. Archived from the original on 26 February 2011. Retrieved 2 December 2010.
  2. ^ "Kumar Birla to lead Century Textiles". The Times of India. 7 April 2006. Retrieved 2 December 2010.
  3. ^ Sharad Vyas (17 November 2010). "BMC may take back mill land". The Times of India. Retrieved 2 December 2010.
  4. ^ "Century Textiles sees margin pressure as cotton zooms". The Economic Times. 22 September 2010. Retrieved 2 December 2010.
  5. ^ a b c d "Century textiles Q4 FY24" (PDF). bseindia.com. Retrieved 26 April 2023.
  6. ^ Udit Prasanna Mukherji (13 January 2010). "B K Birla plans to hike stake in group companies". The Times of India. Retrieved 2 December 2010.
  7. ^ "Kumar on the doorstep of Century". The Telegraph. Retrieved 20 July 2023.
  8. ^ Chaki, Deborshi (11 May 2017). "Century Textiles looks to exit paper business". Mint. Retrieved 20 July 2023.
  9. ^ "Century plans mega cement expansion". Business Standard. Retrieved 20 July 2023.
  10. ^ "Kumar Birla makes realty foray". Business Standard. 4 February 2016. Retrieved 2 May 2024.
  11. ^ "UltraTech to buy Century Textiles' cement biz through a share-swap deal". Business Standard. Retrieved 20 July 2023.
  12. ^ "Century Textiles officially rebranded as Aditya Birla Real Estate". Hindustan Times. 15 October 2024. Retrieved 25 November 2024.