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ThreadSol helps apparel manufacturers cut material costs and boost profits
ThreadSol has developed a number of solutions that help apparel manufacturers boost profits by reducing material usage. In an interview with Fibre2Fashion, Manasij Ganguli, founder and CEO of the company, tells us how these solutions work.
How did you hit upon the idea of ThreadSol? What is its growth story?
Mausmi Ambastha, one of the founders of ThreadSol, has been associated with the garment industry for the past eight years. She realised that there is a dire need for advanced and practical software that can optimise usage of fabric which makes up 70 to 80 per cent of the production cost of a garment. Saving one to ten per cent fabric has a huge effect in overall profitability of the company.
So, we brainstormed. The aim was to boost the sewn products industry by saving fabric, labour and time in an efficient and smart way. We came up with a critical market analysis on the competitive landscape, market entry, growth scenario and future prospects.
Looking at the potential market opportunity, we founded Threadsol Private Limited and developed a revolutionary product, IntelloCut. From that time, we have not stopped innovating. Now our product is being used in more than a hundred factories in 15 countries.
Tell us something about your background.
I graduated as an engineer from Birla Institute of Technology in Electrical and Electronics Engineering. I wrote code for 12 years for multinationals like Visa and Boeing. After that, I was an early member of Terracotta, a start-up in San Francisco, which had an exit of US$ 80 million in 2012. For the past four years, I have been the founder CEO at ThreadSol.
What are the objectives of the company? What do you plan to achieve with ThreadSol?
ThreadSol's mission is to introduce technologically-driven products for the technologically stagnant apparel industry. With the help of our current software solutions IntelloCut and IntelloBuy, we aim to offer complete enterprise material management that helps manufacturers boost their top line by 50 per cent and helps them save 10 per cent on fabric. The aim is to be the de-facto company for all technological solutions for the apparel industry by 2020.
What services do you offer?
The current solutions by ThreadSol cater to garment manufacturers. We help apparel manufacturers buy the exact amount of fabric for making a garment. In the typical scenario, about 5-10 per cent of fabric is wasted. When they use ThreadSol, fabric waste is limited to less than 1 per cent. This increased utilisation means the manufacturer knows exactly the amount of fabric that is needed and thus saves on costs.
What role do your products play in helping clients reduce fabric wastage?
With the help of its advanced algorithms, IntelloCut gives the most optimised cut plan, roll plan and lay plan, in just one click. It also offers a feedback system which works like GPS. If there are any variations on floor, the plan can be changed with a single refresh button. The advanced reporting structure of IntelloCut provides an edge to manufacturers to get complete control over the factory's practices.
IntelloBuy gives accurate buying consumption for a particular style. This saves millions of dollars of material cost at the buying stage, every day, for manufacturers worldwide.
What is the USP of ThreadSol?
The USP of ThreadSol is our motto - to challenge the present. We are constantly innovating on our products and provide updates/upgrades every three months. We constantly disrupt the current dynamics to make way for better solutions. That makes us unique.
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