Advance Life’s Company Profile: products, Promoters and Clients

Advance Life’s Company Description 

Company deals in textiles and piece goods of all kinds, yam, threads, silks, art silks, cotton, woolens, nylon, synthetic ran., made and allied materials, rayons and fabrics of all kinds, woven/non-woven cloths, industrial cloth, oil. Cloth, leather cloths, Hessian; jute cloths, man-made fibers including regenerated cellulose & e-rayons, nylon and the like, textile auxiliaries, and sizing materials including starch.

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Question 1: What are the product and services provided by the company? 

Advance Lifestyles Limited (previously known as The Ahmedabad Advanced Mills Ltd.) is a company incorporated in 1988. Advance Lifestyles operates in the business of Textile Mills, Trading of Cloth, and Property Construction.  

• Textile Mills: Advance Lifestyles is involved in textile manufacturing. They produce fabrics and fibrous substances like textile, felted, netted or looped and of waste materials and cotton, etc.
• Trading of Cloth: The company trades cloth, which likely includes cotton, wool, jute, hemp silk, nylon and allied materials of all kinds and buying and selling textiles.
• Property Construction: Apart from textiles, they are also engaged in real estate development.

Question 2: Who are the promoters of the company?

1.Reet Kamal Keswani- Non-Executive Director

Reet Kamal Keswani, an Independent Non-Executive Woman Director on the board of Advance Lifestyles Limited, holds the position of a Chartered Accountant. She completed a 3.5-year article ship training with M/s Anurag Loiwal, Chartered Accountants, Ajmer. She has over 4.5 years of experience. Previously, she worked as an Accounts Manager in a manufacturing company named Toshniwal Industries Pvt Ltd, Ajmer. Currently, she is a Partner at M/S Kamal P Keswani & Associates, Chartered Accountants, for the last 2.5 years.

2.Usha H Muliya - Non-Executive Director

Usha H Muliya, an Independent Non-Executive Woman Director on the board of Advance Lifestyles Limited, holds the position of a Chartered Accountant. She completed a 3.5-year article ship training with M/s Anurag Loiwal, Chartered Accountants, Ajmer.

3. Mr. Sundeep Agarwal - Managing Director

He holds a B. Com (Hons.) degree and is a Chartered Accountant (CA) and Company Secretary (CS). Additionally, he is a Chartered Financial Analyst (CFA). Mr. Agarwal has over 23 years of experience, including 13 years in the Real Estate Sector.

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Question 3: Who are the clients of Advance Lifestyle?

The list of clients was not publicly available.

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Written by- Aishwari Pandey