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BW Businessworld

KSL & Industries: Realty Check

Photo Credit :

Many textile firms have developed their land and profited. Two years ago, KSL & Industries bought the Tatas' Empress Mills in Nagpur, and is converting it into a hotel. It has been buying land and mills in Tier-2 and Tier-3 cities, and developing them. The markets have bought into KSL's story even though it made losses for four quarters in a row in FY12. Also, according to BSE, Saurabh Tayal resigned as the chairman in March. Good or bad, time will tell.

Saurabh Tayal, Chairman, KSL & Industries
(BW Pic By Umesh Goswami)

(This story was published in Businessworld Issue Dated 28-05-2012)