The Company was originally incorporated as a private limited Company under the name of "Shanti Spintex Private Limited" on August 23, 2010 under the provisions of the Companies Act, 1956 with the Registrar of Companies, Ahmedabad, Gujarat bearing registration number as 062084. Thereafter, the Company was converted from private limited to public limited, pursuant to special resolution passed by the shareholders of the Company at the Extraordinary general meeting held on July 31, 2023 and the name of the Company was changed from "Shanti Spintex Private Limited" to "Shanti Spintex Limited" vide fresh certificate of incorporation dated August 18, 2023 issued by the Registrar of Companies, Ahmedabad, Gujarat. The Corporate identification number of the Company is U17120GJ2010PLC062084. Amit Bindal, Sanjay Bindal and Rajesh Bindal were the initial subscribers to the Memorandum of Association of the Company.
Major events and milestones of the Company : 2010 - Incorporation of the Company as "Shanti Spintex Private Limited" under the Companies Act, 1956
2017 - Commencement of manufacturing unit at Dholka, Dholi, Ahmedabad, Gujarat
2018 - Capacity expansion at existing unit by installation of additional airjet looms
2019 - Crossed revenue of Rs. 100 Crores
2022 - Commissioned a wind energy power plant ("Wind Farm") of combined capacity of 2 MW in the village Likhala, Taluka Savarkundla, District Amreli, Gujarat
2023 - Crossed revenue of Rs. 350 crores - Conversion of company from Private Limited to Public Limited. In consequence of such conversion, Name of the company changed from "Shanti Spintex Private Limited" to "Shanti Spintex Limited". - Installed the 852 kw rooftop solar plant at the manufacturing unit.
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