Major Player in Textile Industry

Topics: Retailing, Wool, Limited company Pages: 5 (1402 words) Published: March 23, 2011
The Lalbhais can trace their descent from Seth Shantidas (c.1590-1659), who was a dominant figure in the business and civic life of the city. The current surname, Lalbhai, is derived from Lalbhai Dalpatbhai the great great great grandson of Khushalchand. Lalbhai was born around the time when the first textile factory in the city went into production. The first manufacturing company of the Lalbhai family, Saraspur Manufacturing Company was established in 1897. It started with producing cotton yarn. During the intensifying Swadeshi movement the second company Raipur Mills was established in 1905. At about this time, Mahatma Gandhi championed the Swadeshi Movement and at his call, people from all India began boycotting fine and superfine fabrics, which had so far been imported from England. Arvind Limited started with a share capital of Rs 2,525,000 ($55,000) in the year 1931. With the aim of manufacturing the high-end superfine fabrics Arvind invested in very sophisticated technology. With 52,560 ring spindles, 2552 doubling spindles and 1122 looms it was one of the few companies in those days to start along with spinning and weaving facilities in addition to full-fledged facilities for dyeing, bleaching, finishing and mercerizing. The sales in the year 1934, three years after establishment were Rs 45.76 lakh and profits were Rs 2.82 lakh. Steadily producing high quality fabrics, year after year, Arvind took its place amongst the foremost textile units in the country. In the mid 1980’s the textile industry faced another major crisis. With the power loom churning out vast quantities of inexpensive fabric, many large composite mills lost their markets, and were on the verge of closure. Yet that period saw Arvind at its highest level of profitability. There could be no better time, concluded the Management, for a rethink on strategy. In 1997 Arvind set up a state-of-the-art shirting, gabardine and knits facility, the largest of its kind in India, at Santej. With Arvind’s concern for environment a most modern effluent treatment facility with zero effluent discharge capability was also established. Year 2005 was a watershed year for textiles. With the muliti-fiber agreement getting phased out and the disbanding of quotas, international textile trade was poised for a quantum leap. In the domestic market too, the rationalizing of the cenvat chain and the growth of the organized retail industry was likely to make textiles and apparel see an explosive growth. * THEY BELIEVE

In people and their unlimited potential. In content and focus in problem solving. In teams for effective performance. In intellect & its power. * THEY ENDEAVOUR
To select, train and coach people to obtain higher responsibilities. To nurture talent to build leaders for tomorrow's corporation. To reward, celebrate and activate all intellectual business contributions. * THEY DREAM

Of excellence in all endeavours. Of mutual benefit and prosperity. Of making the world a better place to live in. We Make Things Happen. Lifestyle Fabrics:- Denim, Shirtings, Khaki, Knits, Voiles.

Own Brands:-
* Mainstream – Excalibur, Flying Machine
* Popular- Ruff & Tuff , New Port University
* Licensed- Brands Bridge to Luxury Gant, U.S.A. 1949
* Premium- USPA , SansaBelt, Izod, Pier Cardin Paris, Arrow Joint Venture Brands
* Bridge to Luxury –Tommy, Hilfiger, Nautica
* Premium- Lee, Wrangler
* Popular- Wrangler Hero , Riders

Arvind has a strong Research and Development focus on process improvement, cost reduction and new product development. To further meet customer needs, Arvind has also introduced a new dyeing and processing method for denims.

Siyaram Silk Mills Limited is the flagship company of Siyaram Poddar Group and amongst the largest manufacturer of fashion fabrics for Suiting, Shirting’s & Trousers in India having an annual output of 30...
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