Tubeknit Fashions picks Donna Karan order to supply t-shirts
25 Apr '06
2 min read
In the nine months till December 31, 2005, it achieved a turnover of Rs 104.61 crore and a profit after tax of Rs 6.19 crore.
It makes smart casuals, sweat shirts, sports wear and pullovers for 45 European brands, including Tesco, Tommy Europe and Monoprix of France — has drawn up plans for a Rs 100-crore expansion and is mulling plans for a public flotation of equity.
The expansion is designed to ramp up the production capacity from 38,000 knitted garments a day to 78,000 pieces per day. Textile exports are dicey and big brands are intolerant of slip-up in quality and delivery schedules.
That is why expansion plan is to establish a spinning yarn plant with a capacity of 50 tonnes a day. It aims to spend as much as Rs 41 crore out of Rs 100-crore expansion plan on spinning mill.
Parthasarathi is proud to be able to retain bulk of his customers despite competition from China and Southeast Asian textile makers and hazards of transacting business on sliverthin margins.
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