The Sasoon and Alliance Silk Mills Company Limited / Podar Silk and Synthetics Ltd.

The Sasoon and Alliance Silk Mills Company Limited - later called Podar Silk & Synthetics Ltd.

 Soon after David Sassoon established a new subsidiary in Bombay, called the "Sassoon Spinning and Weaving Company", (which went on to establish seven cotton mills), he established Sassoon Silk Mill, in 1875, near Victoria Gardens. It was then the largest mill in the Bombay Presidency manufacturing silk yarn and cloth for the Indian and Burma markets. Sassoon Silk Mill was renamed in 1883 due to the amalgamation of Alliance Silk Mill and the new entity was called The Sasoon and Alliance Silk Mills Company Limited.

The capital, of the company Managed by M/s David Sassoon & Co. Ltd, was Rs. 5,00,000 divided in to 50,000 shares of Rs. 10 each.

As the stamp suggests, the Mills were later renamed, Podar Silk & Synthetics Ltd., a company incorporated on 27 August 1983.

Here is a certificate for one share of Rs. 10 each issued in 1949 printed in Black Ink. 

 
 

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