June 24, 2018 6:53 PM ET

Textiles, Apparel and Luxury Goods

Company Overview of OCM India Limited

Company Overview

OCM India Limited manufactures and retails apparel fabrics. It offers wool and wool-blended worsted fabrics. The company provides men's formal and leisure suits, jackets, shirts, trousers, and wool based accessories. It has 1300 stores across India. OCM India Limited was formerly known as The East India Carpet Co. Ltd. and changed its name to OCM India Limited in 1990. The company was incorporated in 1922 and is headquartered in New Delhi, India with a registered office and factory in Amritsar, India. As of November 20, 2017, OCM India Limited operates as a subsidiary of Donear Industries Limited.

401, Square One Mall

C-2, District Centre

Saket

New Delhi,  110017

India

Founded in 1922

Phone:

91 11 4311 9100

Fax:

91 11 4311 9195

Key Executives for OCM India Limited

Chief Marketing Officer
Compensation as of Fiscal Year 2017.

OCM India Limited Key Developments

WL Ross Reportedly In Talks To Sell OCM

WL Ross & Co. LLC is in talks with Shandong Jining Ruyi Woolen Textile Co., Ltd. (SZSE:002193) to sell its entire stake in OCM India Limited, said two people aware of the discussions. The talks are currently at the term-sheet stage and a deal is likely to be finalized in the coming weeks if they prove to be conclusive, according to the people, who spoke on condition of anonymity. The size of the transaction was not immediately known. A senior OCM India official, who declined to be named, said, "WL Ross is in talks with potential buyers to sell its entire stake and is currently evaluating bids." Requests for comment sent to WL Ross & Co., Shandong Ruyi and OCM India remained unanswered until the time of going to press, Mint reported.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
November 20, 2017
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