The Alleppey Co-operative Spinning Mills Limited was registered on 21 Jul 1981 to set up a Spinning Mills in Alleppey District with an ultimate capacity of 25000 Spindles and functioning under Department of Industries, Government of Kerala.

The Mill has commenced commercial production during  October 1999 with 6048 Spindles which was increased by another 6048 Spindles on  15 Dec 2011.

Also a Hank Yarn Project was implemented in the Mills to make available the Hank Yarn to the Hand loom Weavers at reasonable price.

The Alleppey Co-operative Spinning Mills producing both Carded and Combed Yarn from 40^s to 100^s  Count in Cone, Hank and Doubled form.

During 2015 the mill is identified for rehabilitation , modernization and expansion project by the assistance of National Co-operative Development Corporation and Govt. of Kerala.  Total cost of project was 33.9426 crores and during Feb 2020, the project was completed and the spindle capacity is increased to 25,200 by installling state of the art technology machines. Now the mill is able to produce best quality yarn in combed and carded, single and doubled form.