Gokak Textiles Limited was incorporated on March 27, 2006 as ANZ Textiles (Bangalore) Ltd. The name of the company was changed to Gokak Textiles Limited, with effect from January 23, 2007.

The Forbes Group is a multidivisional group with interests in shipping, engineering, global logistics management, travel services, consumer durables, office automation (Bradma Of India Ltd.) and various others, textiles being the Core Business of the Company. With interests in Manufacturing, Trading and Services, Forbes is working towards becoming a WTO compliant group, to take the advantages that the global market place will have to offer.

Textile Undertaking of Forbes Gokak Limited (known as Forbes & Company Limited) with effect from October 25, 2007 included a Yarn Manufacturing Unit at Gokak Falls and Knitwear Manufacturing Unit at Marihal, both in Belgaum Dist., Karnataka State. By a process of Demerger, under the provisions of the Companies Act and with the approval of High Court, Bombay and High Court of Judicature in Karnataka at Bangalore, was demerged into Gokak Textiles Limited. Prior to the demerger, the Company was a dormant Company. The demerger became effective from April 1, 2007.

As per the Demerger Scheme, Shareholders of Forbes Gokak Ltd. were allotted one share of Gokak Textiles Limited for every two shares held by them in Forbes Gokak Limited, on September 28, 2007, by way of additional entitlement (and not in lieu of their shareholding).

The aggregate paid-up share capital of the company is 64,99,308 shares of face value of Rs.10 each i.e. Rs.6.50 crores. The shares are listed on the Stock Exchange Mumbai, with effect from  March 19, 2008.

Business area of the company:

The company’s principal activity is to manufacture and distribute textile products.

Its products include yarn, blended Yarn, Cotton canvas, fabric, terry towel, knitted garments and other related products.