Home / Knowledge / News / Textiles / Innovation - The buzzword at Sintex, says Rahul Patel
Innovation - The buzzword at Sintex, says Rahul Patel
18
Nov '10
Mr Rahul Patel, MD - Sintex
Mr Rahul Patel, MD - Sintex
Revenues in the textile division of the Gujarat-based Sintex Industries Ltd shot up by 25.61 percent to touch Rs 942.70 million for the quarter ended September 30, 2010. In the same period EBIT stood at Rs 128.73 million.

The fabrics manufactured by the textile division are sold under the brand name of BVM and is a profitable and high-margin segment of the Sintex Group. Sintex specializes in distinctive products, catering to the upper segment of fashion industry and is considered the largest producer of corduroy and structured fabric in India.

Sintex has forged alliances with various European design houses and sells fabrics to reputed brands like Arrow and Van Heusen and also indirectly to global retail majors like Armani, Hugo Boss, Diesel, Burberry, DKNY, S.Oliver, Zara, Mexx, Meggimo Dotti, Banana Republic, etc.

Sintex is a highly growth oriented company that develops products and solutions which are aligned with the growing sectors of economy. Driven by innovation, Sintex group has a dedicated innovation team that constantly looks for business ideas and opportunities, who strive to develop products that no one else has made before.

Considering the circumstances under which the textile division was able to post a revenue growth of more than 25 percent, fibre2fashion spoke to Mr Rahul Patel, Managing Director at Sintex, who is also a MBA from USA and has 20 years of experience under his belt.

F2F: Rate your company's performance in the present situation.
Mr Patel: Currently the textile industry has started sensing positive moves and only the best performers will be able to avail of these improved opportunities. We are therefore putting more stress on new product development with creative and innovative designs as per fashion trend.

We also can satisfy our customer by consistent quality and timely deliveries. We developed new markets in South American countries like Brazil and Argentina, UAE in Asia and Russia, to name a few. Considering above mentioned facts, our overall company's performance is good.

F2F: What steps helped the company to post excellent results, for example, any cost saving or efficient measures, undertaken in particular?
Mr Patel: Right decision at the right time was what helped us. Among others we also laid more stress on new product development, consistent quality and timely delivery, more concentration towards domestic segment where the price revisions could be absorbed for our qualities, mainly, structured yarn dyed shirtings and selected best customers in terms of realization and offered them, major volumes.

Moreover, we have taken all level measures for reducing cost of production and increasing internal efficiency and capacities.


Must ReadView All

India’s garment imports from Bangladesh up 56% post-GST

Apparel/Garments | On 12th Dec 2017

India’s garment imports from Bangladesh up 56% post-GST

India has imported $87.4 million worth of readymade garments from...

Coats acquires yarn manufacturer Patrick Yarn Mill

Textiles | On 12th Dec 2017

Coats acquires yarn manufacturer Patrick Yarn Mill

Coats, the world’s leading industrial thread manufacturer, has...

Trade & consumers want MDR free digital payments: CAIT

Apparel/Garments | On 12th Dec 2017

Trade & consumers want MDR free digital payments: CAIT

Transaction charges like the merchant discount rate (MDR) applicable...

Interviews View All

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Poojaa Kumar Deepak
Zeven

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

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Eamonn Tighe
Nature Works LLC

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

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Steve Cole
Xerium Technologies

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

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

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
69.2%
No
12.1%
Skip
18.7%

Total Votes: 91

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
61.5%
No
30.8%
Skip
7.7%

Total Votes: 91

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
86.8%
No
9.9%
Skip
3.3%

Total Votes: 91

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
81.3%
No
8.8%
Skip
9.9%

Total Votes: 91


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