The Mysore Silk Filature Ltd.


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 incorporated under the Mysore Companies Act 1917 with an authorised Capital Rs. 10,00,000 divided in 1,00,000 shares of Rs. 10 each. Issued Capital was 40,000 shares. It looks likely that the head-office was originally established in Bangalore and then subsequently shares were issued from the different factories. I have 4 different certificates – the 1938 one bearing the name Bangalore while the ones issued in 1943, 1945 & 1952 have the name as T Narsingpur. All these certificates bear the revenue stamp of Mysore State.

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