BACKGROUND OF THE COMPANY
Peeti Securities Private Limited was incorporated on 17th November, 1994 and subsequently converted into a Public Limited Company for which it obtained a fresh certificate of incorporation on 27th January, 1995.
In fact, the Promoter of the Company chiefly Mr. Sandeep Peeti / Rajesh Peeti after inheriting the family business of over four decades old have been able to transform it in to its present size and stature. Initially the family firms were in the business of finance/trading in securities and trading of textiles and they gradually developed in to manufacturing outfit by obtaining the grey & processing of the fabric. The major activity of the company consisted of trading of textiles, purchase of Grey Cloth with the Weaving Contractors at Bhiwandi in Maharashtra and then getting the Grey Cloth processed in to finished fabrics from Textile Processors at Surat, Bhiwandi, Tarapur and in Hyderabad. The Finished Fabric thus manufactured was marketed under the brand name of “PRIDE TEXTILES” throughout India.
The company maintained sales hub at 221/A Tivoli compound, Cantonment, Secunderabad (A.P) (India) up to September 2008, after which it shifted to Survey No:71, Old Kurnool Road, Kattedan, Hyderabad - 500077 by using the infrastructure available for its all India wholesale trade operations, facilitating dispatching of goods to the dealers across the country.
The new project site was chosen for variety of reasons like proximity to twin cities and its location along the national highway, whereby all infrastructural facilities are within easy reach. This new premises gives the Company an edge to expand its sales.
The Company has its Corporate Office at Survey No:71, Old Kurnool Road, Kattedan, Hyderabad - 500077