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The Company was incorporated in 1958 as a private limited company to manufacture man made fibres. It was converted to a public limited company, and consequent upon the conversion its name was changed to `Nirlon Synthetic Fibres and Chemicals Limited` in March 1963. Subsequently, in 1989, it obtained a Certificate of change of name to 'Nirlon Limited'. Today, Nirlon is a multi-product/multi-locational company engaged in the manufacture of Nylon Filament (NFY), Polyester Filament Yarn (PFY), Nylon Tyre Cord (NTC) and Conveyor belts. Its manufacturing facilities are located at Goregaon, Tarapur and Roha. The Group also licenses its unused/idle space to its corporate clients. It has a joint venture with Semperit A.G. of Austria.
The subsidiaries are Nirlon Investments Limited, Filament Finance and Investment Limited, Cassandra Investments Limited and Nirester Finance and Investment company Limited. The company pioneered the development of synthetic yarn in the country and was the first man made fibre plant to be established in the country. It was also the first to introduce a broad range of speciality yarns developed indigenously through its government recognised R&D centre. The Company was referred to the BIFR under Section 15(1) of SICA 1985 and was declared a sick unit in December, 1988. Subsequently, the BIFR approved the rehabilitation scheme (as stated below) for the revival of the company.
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