Arvind Mills has changed the name of the company to ‘Arvind.’

The company has also received a fresh certificate of incorporation issued by the registrar of companies, Gujarat, Ahmedabad.

For the quarter ended in March 2008, the company has posted a decline in net profits of Rs 53.70 million, as against a profit of Rs 54.00 million for the quarter ended in March 2007.

The Arvind Mills was established with the pioneering effort of the Lalbhai brothers in 1931. With the best of technology and business acumen, Arvind turned into a true Indian MNC, having chosen to invest strategically, where demand has been high and quality required has been superlative.

Today, The Arvind Mills Limited is the flagship company of Rs.20 billion (US$ 500 million) Lalbhai Group.

Arvind Mills has set the speed for altering wprldwide customer demands for textiles and has centered its interest on select core products. Such a focus has enabled the company to play a dominant role in the international textile segment. With its existence across the textile value chain, the company strives to be a one-stop shop for leading garment brands.

At 2.17 pm, the company’s shares gained 0.5% at Rs 49.70 on the Bombay Stock Exchange (BSE). The total volume of shares traded at the BSE was 4,502,044.