Nahar Industrial Enterprises Ltd.
Nahar Industrial Enterprises Limited (NIEL) was incorporated on 27th September, 1983 as Oswal Fats & Oils Ltd. NIEL is a vertically-integrated textile manufacturer, with operations ranging from spinning, weaving & processing and also having sugar unit with 2500 TCD per day. NIEL is evolution of amalgamation of different group companies with it. NIEL's strategic objective is to capitalize on the growth opportunities that it believes are available in the domestic and global textile industry. At the same time the company recognizes the competitive nature of the industry, especially with pressure from Asia, and that to maintain growth it must continue to improve production process and reduce costs.
||Incorporated as Oswal Fats & Oils Limited.
||Name changed as Nahar Industrial Enterprises Limited.
||Merged Nahar Fabrics Limited (manufacturer of greige fabric).
||Merged Oswal Cotton Mills Limited (manufacturer of Processed fabrics and finished garments).
||Merged Nahar International Limited (manufacturer of yarn) & Nahar sugar & Allied Industries Limited (manufacturer of sugar & steel).
The Board of Directors of the Company comprises experienced industrialists businessmen, financial experts and professionals. The Board has the support of Technocrats, qualified Engineers, Chartered Accountants, Business Management experts and other experienced personnel, employed by the company to look after production, marketing and finance etc., separately for their different units. Mr. J.L. Oswal is the Chairman of the company, who has long and varied business experience and is also associated with various other companies. The day to day affairs are looked after by Mr. Kamal Oswal Vice Chairman-cum-Managing Director, who has a vast experience in business.