Girdhardas Harivallabhdas Mills Limited


 
 
M/s. Girdhardas Harivallabhdas Mills Limited (subsequently known as M/s. Star of Gujarat Textile Mills Ltd) was originally purchased by the Parekh Family in 1912 and was named M/s. The Girdhardas Harivallabhdas Mills. I am trying to look up the history of this mill before 1912. As per available records the company was registered with the Registrar of Companies on 21 January, 1931. The image of the share certificates are dated 1st June 1931 with an authorised Share capital of Rs. 6,00,000 divided in to 4800 shares of Rs 125 each. This was (as seen in the stamp on one of the 2 certificates) increased to Rs. 10,80,000 by issue of 9600 4% Cumulative redeemable Preference Shares of Rs. 50 each. Unfortunately the date is not indicated in the stamp. This was then increased in June 1944 (or is it 1948?) to Rs. 15,00,000 with an additional issue of Preference shares, taking the number of preference shares to 18,000. 1 of the 2 certificates shows the increase in capital.
Some time in the late 1980's or early 1990”s, the ownership of the mill changed hands. It was taken over by the owners of M/s Star Textile Engineering Works Ltd., Bombay and was then renamed 'The Star of Gujarat Textile Mills Ltd'. The new owners too apparently failed to revive the mill and it was then nationalised and later liquidated. An order dated 14.6.1999 passed by the Gujarat High Court in Company Petition No. 212 of 1998 M/s. Star of Gujarat Textile Mills Ltd [in liqn.] was ordered to be wound up and the Official Liquidator attached to the Court was appointed as Liquidator of the said Company.
A share certificate of the mill under the new name - Star of Gujarat Textile Mills Ltd as well as a Commemorative token issued by the Engineering unit is also displayed.
 
                       
 
I also attach a brief write-up on the owners, the Parekh family (the Father & his two sons) who at one time owned over 20 mills in Bombay Presidency area – Bombay, Ahmedabad, Cambay, Baroda etc. This family has contributed greatly to the development of Ahmedabad City.
 

 

Comments

Post a Comment

Popular posts from this blog

The Raja Gokaldass Mills Limited

Image
  THE RAJA GOKALDASS MILLS LIMITED. Share certificate printed in Black Ink. Probably started as a proprietary or partnership company in the late 19th century, it was incorporated under the Indian Companies Act 1913 after having been taken over by Sir Homi Maneck Mehta and Sheth Mangaldas G Parekh. Capital 6,00,000 rupees in 6,000 shares of 100 rupees. Later on the face value of shares was reduced to 50 rupees. "Raja Gokuldas Mills" was set up by one Raja Gokuldas Malpani (1839 – 1909), a Marwari millionaire from Jabalpur. He later set up a chain of ginning and pressing factories at Gadarwara, Piparia, Harda, Khandwa, Wardha and more places in the Central Provinces and Berar, at Banda and Etawah in Uttar Pradesh and Multan in Punjab. In 1883, Lord Ripon, the Viceroy of India conferred the title of "Rai Bahadur" upon him and in 1889, he was given the title of Raja in recognition of his great wealth and power. His family was considered one of the wealt...
Read more

The Wadia Woollen Mills Limited

Image
The Wadia Woollen Mills Limited was incorporated as a Public company on 17th September 1919. Mill agents were H P Wadia & Co . The share capital of the company at inception was One Crore (1,00,00,000) divided in to 1,00,000 Ordinary shares of Rupees 100 each.   Attached is a Black partially paid up share certificate of Rs. 100 (of which only rupees Sixty have been paid up), issued in 1920. This certificate is issued in the name of Lady Sulochna Chinoobhai OBE who was the wife of Chinubhai Baronet of Ahmedabad and was a director in a few mills. This mill seems to have had a short life as no reference is found about this mill in the Handbook of Textile Industry 1948. Either the Mill had closed down in the recession in the 1930’s or had been sold and re-named. Current Company status of the mill as seen in the Registrar of Companies list is – DISSOLVED. However no further information is available.   I would appreciate any further information or details on the c...
Read more

The Mysore Silk Filature Ltd.

Image
The Government Silk Filature, Mysore was started in 1921. In 1937 it became a joint stock company under the name The Mysore Silk Filature Ltd. with a capital of Rs. 4 lakh, to carry on the business of silk filatures for reeling high grade silk in the rich sericulture tract comprising of the talukas of Narasipur, Nahjangund, Chamaraj Nagar, Yelandur and Malavalli. To begin with a filature of 200 basins was to be established at Narasipur. The government had subscribed Rs 15,000 towards the share capital of company. The government granted 10 acers of land for the factory free of cost and also granted other facilities as water electric power transfer of existing machinery and equipment of the government filature at responsible price (nformation drawn from IJRAR1903873 International Journal of Research and Analytical Reviews (IJRAR) www.ijrar.org)   The Mysore Silk Filature Ltd was i ncorporated under the Mysore Companies Act 1917 with an authorised Capital Rs. 10,00,000 ...
Read more