Each chapter in
the life of Pioneer Embroideries has contributed to the status
it enjoys today. Some of them are listed below:
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1991:
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Pioneer
Embroideries Ltd. gets incorporated.
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1993:
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Goes
public through and IPO, and gets its equity shares
listed at the Mumbai, Delhi, Kolkata and Ahmedabad Stock
Exchange.
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1994:
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Sets up
its first Embroidery Manufacturing plant at Sarigam in
Gujarat.
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1995:
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Establishes
Marketing Offices at Mumbai, New Delhi, Kolkata &
Ahmedabad.
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1996:
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Sets up
the Crochet Lace Braiding unit at Dadra, a Union
Territory.
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1997:
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Sets up
the 2nd Embroidery Manufacturing plant at Naroli, also
in the Union Territory of Dadra & Nagra Haveli.
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1998:
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Sets up
an Inhouse Processing, Dying & Finishing plant at
its Sarigam Unit.
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1999:
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1.)
Declares a maiden dividend of @ 10%, continues to pay
increased dividends.
2.)
Sets up its 2nd Crochet Lace Braiding Unit at Naroli,
expanding capacity almost ten-fold.
3.)
Sets up a Digital Designing Studio & a Multihead
Embroidery Unit at Mumbai.
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2000:
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Acquires
controlling stake in Salzer Textiles Limited, Coimbatore,
an 100% EOU, by buying out foreign and local promoters
of the company.
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2001:
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Achieves
turnover of excess of Rs 50 cr for the first time, for
FY 2000-01
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2002:
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1.)
Acquires the famous Hakoba Brand and embroidery
manufacturing facilities of M/s Fancy Corporation
Limited at Borivali, Mumbai.
2.)
Expands the capacity of the Multihead Embroidery Unit at
Mumbai.
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2003:
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1.)
Acquires Reach Industries Pvt. Ltd., a high tech Wrap
Knitting Company.
2.)
Sets up retail network under brand Hakoba, positioning
it as an exclusive store for embroidery and other
products.
3.)
Initiates process for merging Salzer Textiles Ltd., and
J J Textiles Ltd., a group company with itself.
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2004:
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Merges
Salzer Textiles Ltd. and J J Textiles Ltd., with itself
after obtaining the High Court approval dated
15.01.2004.
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