Tavernier Resources (formerly widely referred to as AV Cottex) was formally created and deployed as a legal entity in 1994.The company is engaged in the trading of yarn.Earlier widely referred to as Dewan Industries,the name was changed into A V cottex on Jan. 25, 1996.The company again changed its name in 2012 from A V Cottex to Tavernier Resources.

The company is restructuring itself after the management disposed off the factory and utilized the funds realized for increasing business operations. At present it is engaged in the trading of cotton yarn. Entering into settlement agreements with lenders, all the secured liabilities against the company have been settled. It is looking for avenues to restart manufacturing activities.