* - Tentative Dates
The company intends to utilize the proceeds raised through the Issue ("Gross Proceeds") after deducting the Issue related expenses ("Net Proceeds") for the following objects
Yarn Syndicate Ltd.'s revenue decreased by -95.07% and profit after tax (PAT) dropped by -139.85% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 0.18 | 0.45 | 0.36 |
| Revenue | 0.03 | 0.60 | 0.00 |
| Profit After Tax | -0.16 | 0.40 | 0.35 |
| Net Worth | |||
| Reserves and Surplus | -4.17 | -4.01 | -4.41 |
| Amount in ₹ Crore | |||
Yarn Syndicate Limited was founded in May 1946. The company became one of the pioneers in exporting all types of yarns i.e. cotton yarn, polyester cotton yarn, polyester viscose yarn, flax yarn, jute yarn, bamboo yarn, organic yarn etc. from India and has become one of the leading exporters of cotton and other types of yarns in the country in the more than four decades since then. The company has emerged as one of the largest exporters of cotton and other yarns and was one of the largest quota holders of EEC countries during the quota regime. Over the past decades, the company has constantly strived to attract new customers while strengthening its business relationships with existing customers/manufacturers. The company strives to maintain the highest standards of product quality and delivery times for its customers.
The products exported by the company are 100% cotton yarns, 100% polyester yarns, 100% viscose yarns, texturized polyester yarns, jute yarns and other types of yarns like flax yarn and raw cotton etc.
The company exports and trades in various types of yarns, raw cotton and fabrics as an exporter and trader and strives to further expand its business in competitive international and domestic markets, always maintaining close business relationships with its existing customers. With decades of experience in export and domestic trade, the company has numerous business contacts in this highly competitive business field. At the same time, the company will continue to add new products to its export and domestic portfolio and open up new markets for the export and trade of its products.