Koutons Retail India Ltd. Company History and Annual Growth Details

The Company was incorporated on November 25, 1994 under the
Companies Act, 1956 as Charlie Creations Private Limited. The name of the
Company was changed to Koutons Retail India Private Limited with effect from February
7, 2006. The Company was converted into a public limited company and its
name was changed to Koutons Retail India Limited with effect from June 27, 2006.

The registered office of the Company was changed from T-60/1, D.C.M.
School Road, New Rohtak Road, Karol Bagh,New Delhi 110 005 to J-2 Udyog Nagar,
Peera Garhi Chowk, New Delhi on November 26, 2001 and thereafter on February 1,
2006 to its current registered office at T-60/1, D.C.M. School Road, New Rohtak Road,
Karol Bagh, New Delhi 110 005.

Agreement to acquire the partnership firm M/s Charlie Creations

The Company was incorporated with the main object inter alia to take over
the existing partnership firm, M/s. Charlie Creations which had Mr. BS Sawhney
and Ms. Amarjit Kaur as partners (the Firm), along with all its assets and liabilities.

Pursuant to this object we entered into a Sale of Business Agreement with the Firm
on January 2, 1995 in order to acquire the business of the Firm as a going concern with
effect from January 1, 1995. Under the Sale of Business Agreement, we acquired all the
assets and liabilities of the Firm appearing in its balance sheet as on December 31,1994,
including plant, machinery and fixtures owned by the Firm, cash in hand, debts due to the
Firm, stock in trade,consumable stores and immovable plant and machinery, trade marks,
design and licenses owned or obtained by the Firm, benefits accruing to the partners of the
Firm from all contracts, pending subsisting or under execution, the loan availed from the Bank
of Baroda and all other statutory dues or liability. We acquired the business of the Firm for a total
consideration of Rs. 585,000. Further, the partners of the Firm had undertaken not to carry on the
same business either personally or in association with any third person without our previous
written consent.

Major Events

Year Milestone

1994 The Company was incorporated as Charlie Creations Private Limited with the
main objective of inter alia acquiring the business of the M/s. Charlie Creations.

1997 The Company diversified its business by introducing non-denim trousers in
the existing product range of denim apparel.

Awarded the title 'Best Menwear (Casual) Collection by Apparel Exporters and Manufacturers
Association.

1998 The Company launched the brand Koutons

Award received for best display of denim clothing from CMAI-Ashima Group.

2000 Award received for Outstanding Domestic Sales from Clothing Manufacturers
Association of India.

2002 The first exclusive brand outlet under the Koutons brand was opened

2003 Mr. DPS Kohli was awarded the title of Entrepreneur of the Year
by the Institute of Trade and Industrial Development.

2005 Nominated for the Brand of the Year-Men's Casual Wear (Large)
by the Clothing Manufacturers Association of India.

2006 The Company was converted into a public limited company and
consequently its name was changed to Koutons Retail India Limited with effect
from June 27, 2006.

The Company re-launched the brand Charlie Outlaw On October 5, 2006 104
Charlie Outlaw exclusive brand outlets were opened in a single day, which was
recorded in the Limca Book of Records 2007

UTI Venture Funds Management Company Private Limited subscribed to
852,500 Equity Shares out of which 680,000 Equity Shares were allotted at Rs. 600
per Equity Share* and 172,500 Equity Shares were allotted at Rs. 800 per Equity Share*.

Argonaut Ventures subscribed to 575,000 Equity Shares at Rs. 800 per Equity
Share*.

Awarded the title Most Dynamic Brand of the Year 2006 by LYCRA Images
Fashion Awards.

Awarded the title Value Retailer of the Year 2006 by Star Retailer-The Consumer Way.

Nominated for the Chain Store of the Year at Apex Award, 2006 by the Clothing Manufacturers
Association of India

Nominated for the Brand of the Year - Men's Casual Wear (Large) at Apex Award, 2006 by the Clothing
Manufacturers Association of India

2007 Passport India Investments (Mauritius) Limited subscribed to 600,000
Equity Shares at Rs. 350 per Equity Share.

FID Funds (Mauritius) Limited purchased 1,162,791 Equity Shares
from the Promoters at Rs. 430 per Equity Share

Mr. DPS Kohli was awarded the title of UDYOG VIBHUSHAN for
Excellence in Industrial Performanceby the Institute of Trade and
Industrial Development.

Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article