Gujarat Hy-Spin Limited was incorporated as a private limited company with the name 'Gujarat Hy-Spin Private Limited' on February 01, 2011. Subsequently the Company was converted into a Public Limited Company and the name of the company was changed to 'Gujarat Hy-Spin Limited' on August 05, 2016. Maganbhai Parvadiya and Chandulal Parvadia were the initial subscribers to the Companys Memorandum and Articles of Association and are Promoters of the Company and were allotted shares on February 1, 2011. They are in the field of cotton ginning and pressing since last two decades. The Promoters were cotton farmers and started activity of cotton ginning, pressing and oil in a partnership firm. The Company started with trading (including trading of products jobworked) of Cotton Bales, Cotton Seeds and Wash Oil and has now graduated to in manufacturing of cotton yarns mainly in domestic market and third party exports to some extent. The Company forayed into manufacturing of ring yarns in the year 2013. The Company sells cotton yarns to the traders who further sell it to other Industrial units for weaving and other purposes. The company also sells directly to Industrial units for weaving purpose.