Morarjee Textiles posts Q3, to acquire Italian Co's brands & assets

25 Jan '07

3 min read

"The brands enjoy a very good repetition in the Italian and European markets. This is in line with our strategy of leveraging on our strength of design, high end shirting fabrics and world class garment manufacturing capacities. We expect this venture to be a growth diver for Morarjee Textiles in the medium term”.

Morarjee Textiles Limited, a public listed company is India's foremost textile company with a lineage that spans over a century. It is primarily engaged in 2 businesses – fabric business & Prints and Voils business. The manufacturing unit, located in Nagpur, is one of the most sophisticated manufacturing plant with contemporary Italian technology.

Ashok Piramal Group, a leading, diversified and fast growing business conglomerate known for investing in new product development and technology. The Group has several business interests and prominent presence in the following industries- Textiles – Morarjee Textiles, Real Estate – Peninsula Land Limited, Retail – Piramyd Retail Limited, Auto Components – PMP Components, Machine Tools – Miranda Tools and Electronic Components – G P Electronics.

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Morarjee Textiles Ltd

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