Gloster Limited (Formerly, Kettlewell Bullen& Company Limited) was converted and incorporated as a limited company under the provisions of the Companies Act 1913. In 1879, it was appointed as the managing agent of Fort Gloster Jute Manufacturing Company Limited which became Fort Gloster Industries Limited subsequently.
The House of Bangurs as one of the leading business conglomerates acquired the Company in the year 1954. In compliance with the change in statute, it ceased to be the managing agent w.e.f 31st December 1969. It however, continued to be the main Promoter and controller of Fort Gloster Industries Limited.
In 1992, the jute division of Fort Gloster Industries Limited was demerged into a separate company called Gloster Jute Mills Limited which was renamed as Gloster Limited (erstwhile). As required by statute, being the holding Company, in the year 1998, the Company was registered as a non-banking financial company (non-deposit accepting) with the Reserve Bank of India.
The National Company Law Tribunal has vide its order dated 19.01.2018 sanctioned a Scheme of Amalgamation of the Company with erstwhile Gloster Limited and post this Scheme the Company has surrendered its NBFC certificate to Reserve Bank of India and the principal business of the Company is manufacturing of jute products. The name of the Company was changed to Gloster Limited vide Certificate of Incorporation dated 09.05.2018 pursuant to the Scheme.
The Company is engaged in manufacturing and exporting of all types of Jute & Jute allied products, Woven & Non-Woven Jute Geotextiles, Treated Fabric-Rot Proof, Fire Retardant, jute products for Interior Decoration and Packaging of Industrial and Agricultural produce. Company’s two manufacturing units are situated at Bauria, P.O. Fort Gloster, District Howrah in the State of West Bengal. The present management has experience of over 64 years in the Jute industry and running large Jute manufacturing units.
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