Jet Knitwears Ltd Company Summary

Jet Knitwears Ltd Summary

Jet Knitwear Ltd was incorporated in April 02, 1969 for the sole purpose of being one of the leading manufacturers of cotton hosiery products to deliver quality products. The Company have managed to establish a strong marketing workforce and a distributor & wholesalers network along with more than 5000 retailers in the home base of Uttar Pradesh. The result of commitment and hard work led to be pioneers in the field by being awarded by the Government of India (GoI) several times on the basis of companys quality products, research and development and entrepreneurship. The company is engaged in the business of manufacturing garments. However, the Company have been marketing products through strong brands JET and LYCOT. The Company believes in providing those products to consumers that are skin friendly and anti-bacterial. It markets products through various brands like Lycot Australia, Jet, Jet Eco, Fresh- Long, Boski and Take- off. Various product manufactured by the Company are Vest, Underwear, including Boxers, Briefs & Trunks, Brassiere, Panties, Socks, T-shirts, Thermals, Lowers, etc. The Company caters to everyday range of comfortable Inner wear, Socks, T-shirts and Thermals which are available in superior cotton fabrics, vibrant styles and ideally suited for men and women. The Companys in-house facilities conjoined with the experience have enabled to develop and deliver breakthrough products that have helped to win the customers trust. This trust has made customers brand loyal to an extent wherein generations of customers and consumers are associated with. The Companys strategy is to be a leader in the Hosiery Undergarments and Casual Wears by providing enhanced services, relationship and profitability. It provides quality services that exceeds the expectations of the esteemed customers. It build long relationships with clients and provide exceptional customer services by pursuing the businesses through innovation and advanced technology. The Company is having a strong network of a mix of dealers, wholesalers and retail sales depots. These retail sales depots serves the end consumer directly by giving them service over their counters. The new Brand of casual wear section, LYCOT AUSTRALIA CLOTHING launched is gradually gaining recognition in the market. The product is being marketed throughout the marketing field of the Company as well as on online platforms along with the other products. To support the future growth and give boost to clothing segment, the Company will add more items like shirts in future. The Company is trying efforts to expand markets in other states of the country to boost up sales.During the year 2018, the Company was having Jet Knit Indclus Private Limited as its Associate Company. However, the Company sold investments equal to 14.92% (2000 Equity Shares) held in the name in Associate Company, M/s. Jet Knit Indclus Private Limited, which was 33.5% (4500 equity shares) before such sale and the Company approved this Sale of Investments in the Board Meeting held on 16 February 2017. Hence, Jet Knit Indclus Private Limited is no more the Associate Company.