ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Kamat Hotels

EPW Research Foundation Bhartiya International PROMOTED by Snehdeep Agarwal, Naresh Seth and Ramesh Bhatia, all experienced industrialists and exporters, Bhartiya International is engaged in the manufacture of high-value added leather garments which are sold to buyers in countries like Germany, Switzerland, Austria, Italy and the US, who in turn sell them under their own brand names. The company has overseas agents in Italy, Germany and Austria. It also has a direct marketing office in Switzerland. The company is setting up a state-of-the-art plant in Bangalore to manufacture 54,000 high-value leather garments. It will buy 180 machines from Singer Nikko, Japan. The entire production of this unit for the next three years has been tied up for export sales. The project has been appraised by Corporation Bank and is estimated to cost Rs 787 lakh. To part finance the project, the company is entering the capital market on October 17 with a public issue of 16,80,000 equity shares of Rs 10 each at a premium of Rs 10 per share, aggregating Rs 336 lakh out of a total issue of Rs 600 lakh. The post-issue equity holding of the company's promoters would be 48.56 percent, The lead manager to the issue is HB Portfolio Leasing.

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