Suzlon Fibres (SFL) was incorporated as a public limited company on 4 Mar.'92 in Gujarat to manufacture twisted polyester filament yarn and micro filament yarn with a capacity of 500 tpa. It installed facilities to produce 5 lac mtr of grey fabric at its plant at GIDC Ankleshwar (Bharuch district), Gujarat. The company was promoted by Tulsibhai R Tanti, Vinodbhai R Tanti, Mansukhbhai K Patel and Karsonbhai B Patel. Other group companies include Suzlon Synthetics, Nidhi Synthetics, Kishan Cold Storage, B R Patel & Company, Panchsheel Solvent Industries and Patel Karsandas Bechards & Company. SFL came out with a public issue of 23.70 lac equity shares at par, aggregating Rs 2.37 cr, in Mar.'93. The proceeds of the issue were utilised to part-finance a Rs 5.70-cr project for the manufacture of PFY and micro filament yarn. During 1998-99, the operation of the spinning project have stabilised to produce top quality blended yarn of international standards. The spinning division has further commissioned and installed 528 spindles in addittion to the existing 12312 spindles. Further 6 weaving machines were also commissioned and installed during the year. The management has installed and commissioned additional 2208 spindles by making an increase of 17% in production capacity, in the year 1999-2000. The product division has also achieved distinction of getting BVQI Certificate for maintaining high standards of quality as per ISO 9002:1994.The Company's Draw Twisting Unit remained in-operative during 2001-02.