Company was incorporated as AKM Lace and Embrotex Private Limited on November 26, 2009 under the Companies Act, 1956 with the Registrar of Companies, Delhi bearing Registration No. 196375 and having its Registered Office in Delhi. Subsequently, the status of Company was changed to a public limited company and the name of Company was changed to AKM Lace and Embrotex Limited vide Special Resolution dated May 04, 2017. A fresh Certificate of Incorporation consequent upon change of name was issued on May 15, 2017 by the Registrar of Companies, Delhi.

Business area of the company

AKM Lace & Embrotex (AKM) is engaged in the business of manufacturing and trading of all types of embrotex goods, laces, fabrics, clothing, wearing apparel for personal, commercial and industrial use. AKM’s sale model is divided into two parts, i.e. sale of traded goods which comprises of cotton fabrics, grey cloth, etc and sale of manufactured/processed goods, which comprises of knitted fabrics primarily lace based. For the year ended March 31, 2017 they traded and manufactured goods constituted 73.08% and 26.92% respectively of the total revenue from operations. Company’s products are mostly used in the manufacture of apparels such as sarees, shirtings, suitings, and upholstery such as curtains among others. Company purchases the traded goods from the local suppliers and manufacturers and sells the same to small scale traders.

Major events and milestones

• 2009: Incorporated under Companies Act, 1956 as AKM Lace and Embrotex Private Limited.
• 2016: Expanded business operations by entering into supplying of Knitted Fabrics processed through Job work arrangements.
• 2016: Acquired the Godown on rent for business purpose.
• 2017: Changed the status of Company from Private to Public i.e. AKM Lace and Embrotex Limited.
• 2017: Acquired the Corporate Office on rent for business operations.