- Business
- Gloster Ltd manufactures and exports jute and jute allied products including woven and non-woven jute geotextiles, hessian cloth, sacking bags, soil savers, webbing, tapes, horticultural sheets and liners, dyed or bleached fabrics, fire retardant materials, rot proof and water repellent treatments, spirally sewn bags, odourless bags, floor coverings, home furnishings, shopping and promotional bags under the Gloster Lifestyle brand, jute nets, mats, and value-added products for interior decoration and packaging; the company also operates a cables segment producing cable wires. Founded in 1923 and headquartered in Kolkata, India, Gloster Ltd serves markets in India, the Americas, Europe, Asia, Australia, and worldwide, with operations through subsidiaries including Gloster Lifestyle Ltd and Gloster Nuvo Ltd. The company holds multiple certifications such as ISO 9001:2015 for quality management, ISO 14001:2015 for environmental management, OHSAS 45001:2018 for occupational health and safety, Global Organic Textile Standards, Fair Trade, Oeko-Tex, and Global Recycled Standard. Recent developments include the commencement of commercial production at Gloster Nuvo Ltd's new greenfield jute mill in 2024, a signed memorandum of understanding with the Indian Jute Industries' Research Association, ICAR-CRIJAF, and NIFTEM for sustainable new product categories, resignation of Price Waterhouse as statutory auditors in August 2025 over a revenue recognition dispute followed by the appointment of Singhi & Co as new auditors effective September 2025 subject to shareholder approval, and Q1 FY26 unaudited results showing consolidated profit of Rs 300 lakh.