Home / Knowledge / News / Textiles / Mafatlal Group eyes to become Rs 15bn company by 2016-17
Mafatlal Group eyes to become Rs 15bn company by 2016-17
10
Apr '13
Arvind Mafatlal Group, one of India’s leading vertically-integrated textiles producing company with a turnover of Rs. 8.2 billion, intends to grow into a Rs. 15 billion company by 2016-17, Hrishikesh Mafatlal, Chairman of Arvind Mafatlal Group said in his keynote address at an international conference in Ahmedabad.
 
Mafatlal Group is also venturing in the home furnishing space, Mr. Mafatlal said on the sidelines of the conference jointly organized by Textile Association of India (TAI), Textile Manufacturers Association and Ahmedabad-based Diagonal Consulting.
 
He said the Group, recognized as one of the country’s topmost marketer of school and office uniform, would not actually engage in production of home furnishings, but would work on its branding and marketing under the Group name.
 
He said the company has already launched marketing of some home furnishing products on pilot basis and is also studying different distribution models.
 
Besides home furnishings, Mafatlal Industries is also venturing in polyester viscose (PV) suiting, Mr. Mafatlal said. 
 
Meanwhile, the Group is also planning to invest over Rs. 1.5 billion for boosting its textile and denim manufacturing capacity over the next two to three years. 
 
Further, planning to boost its annual denim production capacity from the existing 20 million metres to 30 million metres, and its annual textile production capacity from 25 million metres to 35 million metres, the Group would be investing Rs. 900 million in its flagship company Mafatlal Industries and Rs. 600 million in Mafatlal Denim, Mr. Mafatlal said.
 
He also informed that the Group is already working to merge Mafatlal Denim in Mafatlal Industries, and the process is likely to be completed within a month.
 
Having three plants in Nadiad and Navsari in Gujarat, Mafatlal Industries, produces a wide range of products in polyester-cotton, 100 percent cotton, polyester-viscose and polyester-wool blends, including yarn dyed and piece dyed shirtings, bottom wear fabrics, poplins and voiles.
 

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 20th Jul 2017

Provide safety net for cotton growers: Congress to Trump

A bipartisan Congressional coalition has called attention of...

Courtesy: ITMF

Textiles | On 20th Jul 2017

ITMF'17 themed on tech, trade, climate in disruptive times

The International Textile Manufacturers Federation (ITMF), an...

Textiles | On 20th Jul 2017

RIL’s Q1 FY18 petrochemicals revenue up 22.9% y-o-y

Reliance Industries Limited (RIL) has reported its financial...

Interviews View All

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

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

July 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

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

Yes No

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

Yes No

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


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



X