Sai Silks (Kalamandir) Ltd Share Price

Summary

The business of Sai Silks (Kalamandir) Limited was started as a Partnership Firm under the name of Sai Silks on August 10, 2005 with Nagakanaka Durga Prasad Chalavadi and Jhansi Rani Chalavadi as its Partners. Subsequently, name of the Firm was changed to Sai Silks (Kalamandir) on March 4, 2008 and the status of the Firm further converted into a Private Limited Company vide Certificate of Incorporation dated July 3, 2008 under the name and style of Sai Silks (Kalamandir) Private Limited from the Registrar of Companies, Andhra Pradesh at Hyderabad. The Company became a Public Limited Company on May 21, 2009 and the name of the Company was changed to Sai Silks (Kalamandir) Limited.Through its four store formats, Kalamandir, VaraMahalakshmi Silks, Mandir, and KLM Fashion Mall, the Company offer products to various market segments including premium ethnic fashion, ethnic fashion for middle income and value-fashion.The business was founded by Nagakanaka Durga Prasad Chalavadi a first generation entrepreneur. The Company established its first retail store outlet in Ameerpet, Hyderabad in 2005 and merely operated to 46 stores in Southern India States of Andhra Pradesh, Telangana, Karnataka and Tamil Nadu. In 2011, it introduced Varamahalakshmi retail store in Chickpet, Bengaluru and further, opened a retail store Mandir in Banjara Hills, Hyderabad. In 2012, Company opened the first store in Kanchipuram. On August 18, 2016, the High Court of Hyderabad sanctioned the amalgamation of I
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