Home / Knowledge / News / Textiles / 'Create something that outlives you' – Yogesh, Umaid Mills
'Create something that outlives you' – Yogesh, Umaid Mills
06
Jan '12
His textile company is a winner of 'Forbes Asia 2011' award and is also cash-positive. He practices what he believes in. Sustainability and conservation are two subjects close to his heart. So, when most textile companies would be content installing an effluent treatment plant (ETP), he has gone one step ahead and erected an RO water treatment plant, which further purifies the water and in turn reduced overall water consumption by 40-50%.

While most organisations measure the intelligence quotient, when hiring top and middle level personnel, he also measures the emotional intelligence quotient. Ever since he joined the management of the textile mill in 2007, his company has grown at a blistering 25 percent CAGR in the last four years and is also expected to clock a healthy growth rate in the current fiscal.

I am in Pali – Rajasthan to meet Yogesh Bangur – Director of Rs 4.3 billion turnover, Maharaja Shree Umaid Mills Ltd (MSUM), mainly a cotton textile mill. He is the fourth generation scion of the Kolkata-based Bangur family, a family in the Indian trade and industry for well over a century.

Yogesh comes across as a 1,000 kilowatt live wire, brimming with ideas to implement, but in a systematic and unhurried manner. For instance, he has big plans for MSUM, but does not want to implement them in a rush. He would rather outsource production and test-market a new textile product, than straight away invest on building new production capacities.

Yogesh who is just all of 28 years has studied at Don Bosco School in Kolkata and graduated in accounting and finance from Warwick Business School in UK and also did his post graduation from Warwick Manufacturing Group in programmes and projects management.

Yogesh is an avid sports aficionado and loves to play tennis and badminton, which he picked up when in school and still pursues it avidly. He is also in to adventure sports and is a certified scuba diver. Atleast once a year, he plans a trip to indulge in his passion for deep sea diving.

He is not a voracious reader, but loves to read short stories, mainly of RK Narayan. He is gung-ho about 'emotional intelligence' a topic on which he has done a thesis while in Warwick and has read books on the subject by Daniel Goleman, an authority on emotional intelligence.

He is married to Meenakshi, daughter of Mr Siddharth Birla of the SK Birla Group. She is on the board of Jamnagar – Gujarat based Digjam Limited - an SK Birla group company and a reputed worsted textile suiting producer. Meenakshi is currently spearheading Digjam's sales and marketing function.

The Bangur siblings including his elder brother and sister were brought up on a rich diet of being down to earth and avoiding wasteful expenditure. Respecting others – young or old comes naturally to Yogesh. Sticking to ethics, come what may, is another value ingrained in him. Reaching out and helping people is a way of life in the Bangur family.


Must ReadView All

Indian govt approves special package for leather, footwear

Textiles | On 16th Dec 2017

Indian govt approves special package for leather, footwear

The Union Cabinet chaired by PM Narendra Modi has approved a special...

EU parliament resolution calls for Cambodia sanctions

Apparel/Garments | On 16th Dec 2017

EU parliament resolution calls for Cambodia sanctions

Following the ongoing crackdown in Cambodia on the opposition and...

Affordable prices to be hit if US pulls out of NAFTA: NRF

Apparel/Garments | On 16th Dec 2017

Affordable prices to be hit if US pulls out of NAFTA: NRF

US retailers’ ability to offer consumers quality products at...

Interviews View All

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Headhonchos
Indian fashion industry

Organic the first choice of any environment-conscious person

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Urmil Arya

Sushila International, a well established textile organisation established ...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

December 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
68.1%
No
13.8%
Skip
18.1%

Total Votes: 94

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
62.8%
No
29.8%
Skip
7.4%

Total Votes: 94

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
9.6%
Skip
3.2%

Total Votes: 94

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
81.9%
No
8.5%
Skip
9.6%

Total Votes: 94


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search