About Shantai Industries Limited
(formerly known as Wheel and Axle Textiles Limited)


Incorporated in the year 1985 as a Public Limited Company, Shantai Industries Limited
(formerly known as Wheel and Axle Textiles Limited) has one industrial unit –Textile Mills till 1985.This Company Takeover by Sawlani Group in the year 2015. Since then the company has made progress in widely diverse fields. At present, the company is a trendsetter in textiles and also has a remarkable presence in the Exports of  Synthetics Textiles Items & Finished Garments industries.

Group Brief

The fore-fathers of the present Directors of the company originally belong to Pakistan. But they are settled in Morbi in Gujarat after partition. In search of business they have migrated to Surat and started their business here in 1948. The group has initially started grey cloth trading business. Formally they had started a firm in 1982 by incorporating M/s Sawlani Silk Mills. Thereafter in 1994-95, the group established one Partnership firm named as M/s Ambica Knitting Mills, wherein all the directors were Partners in HUF capacity. Thereafter in 2002-03 the group established another partnership firm named as M/s Satya International, and all the present directors were partners in that firm in Individual capacity. They are known in the market as SAWLANI group. They have decided to carry out the business in one name and selected the name SHANTAI as their brand. They had incorporated M/s Shantai Exim Ltd in 2004. The basic intention of forming the company was to merge all group firms/companies and to avail the benefits of economics of scale.

The group also diverted their business activity to real estate business during 1990. They have purchased many lands in 80’s. Looking to the growth of real estate they have also entered directly to that segment in 1990. They have constructed some reputed buildings of Surat namely Royal Palace, Royal Castle, Royal Nest, Agrasen Shopping Centre & Golden Point. Presently also 3 associate companies are engaged in that activity. The projects such as Royal Regency and Royal Paradise are recently constructed providing Luxurious Life Style.

Moreover the group has shown its versatility by entering new field of business of Technology in 2009. They have opened new company in the name of Shantai Technology. The company is engaged in business of social networking website.The website of the company is actively working under the name and style of www.numbertank.com

In 2015, the company have  takeover Shantai Industries Limited
(formerly known as Wheel and Axle Textiles Limited),  having business of Textiles Exports, having Registered Office at 820, Golden Point, Nr. Telephone Exchange, Begampura, Falsawadi, Surat. and Godown / Branch  at  Plot No-435 Sawlani Silk Mills Compound, GIDC, Pandesara, Surat-394221 in the state of Gujarat. This is a fully composite textile Group..

The company is managed by a Board of Directors comprising eminent businessmen and dedicated professionals. The Chairman of the Board is  Mr. Harish Fatandas Sawlani.

Present:

At present Directors of Shantai Industries Limited
(formerly known as Wheel and Axle Textiles Limited) are

1. Harish F. Sawlani, MD

2. Murli F. Sawlani, MD

3. Vasudev F. Saawlani, MD

4. Reena H. Sawlani, Director

5. Viral S. Vora, Independent Director

6. Kirankumar N. Doshi, Independent Director

The company is engaged in manufacturing/trading of yarn (Domestic) and Exports of Textile Fabrics.

The company is operating from the premises situated at Plot No 435, GIDC, Pandesara, Surat standing

in the name of the associate M/s Sawlani Silk Mills. Apart from their own manufacturing, they also

purchase yarn from local market and get it weaved from various units on job work basis and then get

it dyed & printed & value addition works/Embroidery from local units. After that they cut & pack the

fabrics as per orders of their customers and export the goods.

 

Basic Details of the Company:-

1) Resgistered Name: Shantai Industries Limited

2) Date of Establishment: 09/04/1988

3) Constitution: Company Limited By Shares

CIN: L74110GJ1988PLC013255

4) Registered Office: 820, Golden Point, Nr. Telephone Exchange, Begampura, Surat.

5) PAN of the Company: AAACW2140E

6) Industry/Sector: Mfg/Trading (Domestic)/Export of

Textile Fabrics / SME Non Regulatry

7) Nature of Activity: Manufacturing/Exporter of Textile Fabrics.

8) Import/Export: Both.

9) Present Banker: 1. Bank of Baroda.

2. Kotak Mahindra Bank

10) Communication: Telephone:- 0261-2455425/26

Fax:- 0261-4011102

E-mail:- shantaiindustrieslimited@gmail.com

11) Key Persons: Mr. Harish F. Sawlani

(Chairman/MD)

 

SHAREHOLDING PATTERN OF THE COMPANY:

The Authorised capital of the company is Rs. 50 lacs and Paid up capital is Rs 50 Lacs. Majority of the share holding is with the Promoters. This company is listed with BSE.

 

Name

Status

Shareholding %

Vasudev Fatandas Sawlani

MD

16

Murli Fatandas Sawlani

MD

16

Harish Fatandas Sawlani

MD, Chairman

16

Disha M. Sawlani

Promoter

8.8

Priya V. Sawlani

Promoter

8.8

Rina H. Sawlani

Non Executive Director

8.8

Public

Shareholders

9.6