Ashutosh Fibre Limited was originally incorporated on May 21, 1985 as 'Ashutosh Fibre Private Limited' at Ahmedabad, Gujarat, by Registrar of Companies. Company was converted from a private limited company to public limited company and the name was changed to 'Ashutosh Fibre Limited' and a fresh certificate of incorporation dated April 21, 2025 was issued to Company by the Central Processing Centre.
In 1995, the ownership of the Company was transferred to the family of Company's current promoter through a transfer of shares. Initially, the Company was engaged in both manufacturing and trading activities. Trading existed into the business until FY 2006-07; however, over time, manufacturing emerged as the key primary area.
In 2010, Abhishek Rajendrakumar Agarwal, joined the Company through a transfer of shares and contributed to further development and expansion of the Company's manufacturing capabilities. Currently, the business is managed by promoters, Siddharth Prakash Patel and Abhishek Rajendrakumar Agarwal. Under their leadership, the Company scaled its operations and established a manufacturing facility in Petlad, Gujarat, specializing in the production of various technical and synthetic yarns.
These product range includes specialised yarns such as para-aramid yarn (high strength and heat resistance), meta-aramid yarn (flame retardancy), modacrylic-blended yarns (thermal stability and flame resistance), peroxidised PAN yarn (heat insulation), antistatic polypropylene yarn (to reduce static build-up in sensitive environments), FR Viscose blends (protective fabrics) and DREF-spun yarns with glass filament cores or aramid sheaths (industrial and protective uses). These products are manufactured either as part of the own product range or on a job work basis, depending on client requirements.
Technical textiles products are specifically designed to deliver functional and performance-based characteristics. These are engineered to meet defined technical requirements such as high tensile strength, thermal resistance, chemical stability, durability, lightweight, moisture management and more depending on their end-use application. They are widely used across various industrial, protective and specialized sectors where functional performance is the primary consideration.
Company is planning the initial public offer of 70,00,000 equity shares of face value Rs 10 each, through Fresh Issue.