BILLWIN INDUSTRIES LIMITE Share price

The Company was originally incorporated as Billwin Waterproof Private Limited on February 05 2014 at Mumbai Maharashtra as a private limited company under the Companies Act 1956 with the Registrar of Companies Maharashtra Mumbai. Pursuant to a special resolution passed by the shareholders of the Company at the Extra Ordinary General Meeting held on June 05 2019 the Company’s name was changed to Billwin Industries Private Limited. A fresh certificate of incorporation consequent upon change of name was issued on July 09 2019 by the Registrar of Companies Mumbai. Subsequently the Company was converted into Public Limited Company pursuant to Shareholders resolution passed at the Extraordinary General Meeting of the Company held on January 06 2020 and the name of the Company was changed to “Billwin Industries Limited” and a Fresh Certificate of Incorporation consequent upon conversion of Company to Public Limited dated January 28 2020 was issued by Registrar of Companies Mumbai being Corporate Identification Number U18104MH2014PLC252842.The Company is promoted by Mr. Subrata Dey and Ms. Smita Subrata Dey who are the guiding force behind all the strategic decisions of the Company. Their industry knowledge and understanding also gives us the key competitive advantage enabling us to expand the geographical and customer presence in existing as well as target markets while exploring new growth avenues.In the year 2014 Mr. Subrata Dey and Ms. Smita Subrata Dey incorporated the company Billwin Waterproof Private Limited. the promoter Mr. Subrata Dey has been associated with the textile industries for more than a decade. He started working as lead marketing and sales manager for the company which belonged to the textile industry. He has been the lead force behind the success of the Company in the year 2020 the Company through a Business Transfer Agreement (BTA) has acquired a proprietor firm named Billwin Industries. The Business takeover has resulted into a synergy effect which will provide a in organic business growth and would result in the stable financial position of the company in the coming future. This Acquisition would provide strategy to build a sustainable and profitable business and synergies through supply chain opportunities and operational improvements go-to-market and distribution network optimization scale efficiencies in cost areas such as marketing and optimization of overlapping infrastructure. It would be advantageous to combine the activities and operations of both proprietor firm and Company into a single Company for synergistic linkages and the benefit of combined financial resources.This will be reflected in the profitability of the the Company. This Takeover will also provide an opportunity toleverage combined assets and build a stronger sustainable business and will enable optimal utilization of existing resources and provide an opportunity to fully leverage strong assets capabilities experience expertise. Other benefits that can been seen is increase in reserves investments goodwill manpower finances customers distributors brands etc. at its disposal for meeting its requirements.We have the manufacturing unit located at 79 Vishal Industrial Estate Village Road Bhandup West MumbaiMaharashtra having a total area of approximately 5190 sq. ft. as on March 05 2020.This manufacturing unit is being recognized for its in-house quality Management. the manufacturing process starts with procurement of coated fabrics and then the process of cutting stitching sewing finishing inspection and packing of the final products is been carried on.MAJOR EVENTS AND MILESTONES :2014- Company was incorporated as Billwin Waterproof Private Limited.2019- Name of the company changed from “Billwin Waterproof Private Limited” to “Billwin Industries Private Limited”2020- Conversion into public limited as “Billwin Industries Limited”- Take over a proprietor concern namely “Billwin Industries” by the company to expand