Vaxtex Cotfab Ltd

Vaxtex Cotfab Limited was incorporated as a private limited company with the name Foolproof Vyapaar Private Limited at Kolkata, West Bengal. Consequent the name of the company was changed from Foolproof Vyapaar Private Limited to Vaxtex Cotfab Private Limited as approved by shareholders of the company pursuant to a special resolution dated December 18, 2015 and Certificate of Incorporation was issued by Registrar of Companies Ahmedabad, Gujarat dated December 30, 2015. Consequent upon the conversion of the Company to public limited company and as approved by the shareholders of the company pursuant to a special resolution dated March 05, 2018, the name of the Company was changed to Vaxtex Cotfab Limited on March 21, 2018. The Company was incorporated as Foolproof Vyapaar Private Limited at Kolkata, West Bengal on December 26, 2005 by Mr. Sukanta Kumar Sahu and Mr. Sanjeev Kumar Singh with the main object of trading. Present management took over the company during 2009 and consequently, registered office of the Company was also shifted to Gujarat. There was not much activity in the company till 201415. As on date, old management or erstwhile promoter was not associated with the Company. The company started business of trading in the fabric during FY 201516. During initial period, the company used to deal only in cotton fabrics. Subsequently, it started dealing into other types of fabrics as well but at very small scale. The Company used to purchase fabrics from grey fabric manufacturers and large wholesalers. In 201617, the company started procuring the fabrics directly from the manufacturers at competitive prices and started direct supply. The major customers were garments manufacturers and very small fabric traders, who used to buy in small quantities. The Company is engaged in the business of Textile processing of fabric and trading. It is engaged in the Processing (dyeing and finishing) of grey fabrics for shirting, suiting, and other accessories and also on outsourcing basis for other fabric / garment companies. The Company has an installed capacity of 12,00,000 mtrs / month for processing of various fabrics from natural and man made fibres specializing in 100% cotton, Giza Supima cotton blended fabrics, polyester viscose and polyester cotton. The Company procures Grey fabrics and process it into Finish Fabric as per the clients requirement.