Subsidiary28 Jul 2026, 01:51 pm
Kothari Industrial Corp Ltd Incorporates Subsidiary
AI Summary
Kothari Industrial Corporation Ltd has announced the incorporation of a new subsidiary, KOTHARI INDUSTRIAL IUAD DESIGN PRIVATE LIMITED, effective July 27, 2026. This subsidiary is a joint venture with Accademia IUAD, Italy, and Kothari Industrial Corporation Ltd will hold a 51% stake. The subsidiary aims to establish a world-class design-oriented skill development campus in Hosur, India, offering internationally recognized education in fields like Footwear Design, Fashion Design, and Cinematography. Kothari Industrial Corporation Ltd subscribed to 25,50,000 equity shares at ₹10 each, totaling ₹2,55,00,000, representing its 51% ownership.
Key Highlights
- Kothari Industrial Corp Ltd incorporated a new subsidiary, KOTHARI INDUSTRIAL IUAD DESIGN PRIVATE LIMITED.
- The subsidiary is a joint venture with Accademia IUAD, Italy.
- Kothari Industrial Corp Ltd holds a 51% stake in the new entity.
- The subsidiary will focus on design education and skill development in Hosur, India.
- Initial investment by Kothari Industrial Corp Ltd is ₹2,55,00,000.
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