Bang Overseas to set up at new apparel unit thru IPO
21 Jan '08
3 min read
Incorporated in 1992, Bang Overseas Limited has two apparel manufacturing units in Bangalore. The Company ventured into the ready-to-wear men's garments segment under the brand name “Thomas Scott” in 2002.
It started its own first apparels manufacturing unit in Bangalore in year 2005 in the name of Reunion Clothing Company with an installed capacity of 350,000 pieces per annum. And in the year 2006, the Company started its second manufacturing unit in the name of Formal Clothing Company with an installed capacity of 360,000 pieces per annum.
At present, the Company has an installed capacity of 720,000 and 540,000 pieces per annum at its two units namely Reunion Clothing Company and Formal Clothing Company respectively. Its products are presently retailed through 157 points of sale comprising its own retail outlets large format stores and Multi Brand Outlets.
The Company has a dedicated design team, responsible for the continuous development of new and innovative designs and fashion. It has installed Computer Aided Design (CAD) and Computer Aided Manufacturing (CAM) software in the year 2002 for quality textile designing.
Presently, Bang Overseas Limited has 12 retail outlets for the sale of “Thomas Scott” out of which 9 retail outlets are Company operated and 3 are franchisee operated. The Company now plans to expand its distribution network by adding 88 retail outlets across (41 to be operated by the Company and 47 franchisee operated) the country for its Thomas Scott branded apparel products and fashion accessories. The Company also proposes to establish an apparel manufacturing unit in Kolar near Bangalore with a capacity of 6,00,000 pieces per month.
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