PROFILES OF LEADING MANUFACTURERS

Aarvee Denims

India's Second Largest Denim Producer

Founded in 1988, Aarvee Denims & Exports Ltd. has rapidly grown to become the second largest denim manufacturer in India.

The company is managed and run by dynamic promoters having extensive industry know-how and experience. One of the promoters, the Arora Group, has been involved in the marketing of denim for over 35 years, and has emerged as one of the largest distributors of denim fabrics. Another promoter, the VB Group, has been involved in textiles for over a half a century.

Its financial performance has been impeccable. The company has grown without tapping external equity, and has withstood the industrial cycle far better than its competitors. Its ROE of 38% is the highest in the industry.

Furthermore, the operating cost structure is aligned to withstand the cycles of the industry.

Aarvee Denims' turnover increased to approximately US$35 million in 2003-04. The company forecasts its turnover to grow to Rs 2,350 million in 2004-05, Rs 3,250 million in 2005-06, and to Rs 4,250 million in 2006-07.

Its production capacity is currently 120,000 meter/day (57 million meter/year), as compared with 3,000 meter/day when it began production 17 years ago. The company will expand its production capacity to 190,000 meter/day (75 million meter/year) in 2006-07.

Vinod P. Arora, Chairman and Managing Director of Aarvee Denims, says, "Our aim is the No. 1 slot and to increase our capacity to 100 million meters within three years."

Aarvee Denims supplies 75% of its production to the domestic market, and the remaining 25% is exported. Major markets outside India are Turkey, Tunisia, Morocco, Bangladesh and Latin American countries such as Venezuela, Guatemala, Honduras, Panama and Mexico. In many of these countries, its denims are produced into jeans for the American market.

In the domestic market, Aarvee Denims markets an exclusive range of bottomwear from jeans, skirts and trousers to shorts under the "Aden" brand. The company has a strong marketing network with an extensive reach in Northern India, which accounts for 60% of the national market.

The company manufactures its product using the most modern technology and very best machinery for spinning, dyeing, weaving and finishing.

The Aarvee Denims spinning mill is an ultra-modern plant capable of producing ideally matching yarn of exact quality to give ultimately the denim fabric of international standards. Open-end spinning machines are from Schlafhorst (3,500 rotors), and ring spinning machines from Marzoli (2,500 spindles). The company is adding 1,500 more openend rotors and an additional 5,000 spindles.

The dyeing & sizing range from Sucker + Muller guarantees matchless dyeing quality (employing slasher process), and offers a wide spectrum of colors.

Weaving is performed on Tsudakoma air-jet looms, which ensure the highest degree of quality product output. Aarvee Denims is adding 112 more looms to its current 198.

The finishing plants give options to the customers of foam finished fabrics from the Monforts shrinking range as well as fabrics finished with American Padding Technology.

Bombay Rayon

One of India's Largest Exporters of Shirtings

Bombay Rayon Group was founded in 1986 with a modest beginning in the manufacturing of fashion fabrics, and has grown to become one of India's leading manufacturers and exporters of fashion fabrics and garments (shirts).

The operation of all the group companies were consolidated in the year 2005 and Bombay Rayon Fashions Limited, now has integrated facilities for fabrics and garments.

Shirtings account for 90% of its production with suitings occupying the remaining 10%. The company has state-of-the-art manufacturing facilities in New Mumbai, Silvassa, Sonale and Bangalore, which are fully backed by facilities for product development, a full-fledged design studio and efficient sampling infrastructure to provide quality service to customers within and outside India.

BRFL offers a diverse collection of shirtings. Fashion casual shirtings are available in a wide range of yarn-dyeds, dobbies, voiles, chambrays, textures, seersuckers, crushed, embossed and embroideries in pure cotton, polyester, viscose and their blends. Classic formal shirtings are also wide ranging, from solid dyeds, chambrays, yarn-dyed stripes and checks to refined dobbies and jacquards in pure cotton, polyester/viscose, and polyester/ cotton blends. All contemporary finishings are offered, including wrinkle-free and anti-bacterial.

Higher-end collections include blends with specialty fibers such as "Lycra", "Modal", "Lyocell", "Tencel", "Coolmax", polynosic and fabrics made from value-added yarn including chenille, bookleys, melange and grindles.

The suiting collection is composed of an elaborate range of exotic fashion casuals and elegant classics. Constant efforts to remain market driven have created fashionable casual cotton bottomweight fabrics and high-performance textured suiting in cotton, wool, polyester, viscose and their blends.

BRFL exports sixty percent of its textile production to markets such as the U.S., Europe and the Middle East. Shirt production is entirely exported. The company has strong presence in fashion fabrics and shirts, and is catering to various international fashionoriented brands in Europe and the U.S., which include C&A, DKNY, Liz Claiborne, Wrangler (VF Group), Federated Stores, Tom Tailor, Guess and Kiabi. With multifold expansion of garment capacity on the anvil, negotiations are on with premium labels in the international market.

BRFL Managing Director Prashant Agrawal, says, "BRFL is able to attract such well-known names in fashion garments is because of its ability to offer fabric collections based on seasonal fashion trends and color choices, expertise in design of fabrics as specified by the customers, garment designs and samples meeting the stringent quality required by discerning customers in Europe and U.S."

The Managing Director continues to say, "Our motto is 'spoiling the customer' with good service, quick response and shorter lead time."

BRFL is investing US$45 million in a project to set up a greenfield integrated textile unit with facilities for yarn dyeing, weaving, processing and garment making in Apparel Park, Dobaballar near Banglalore. This unit for producing shirtings and suitings will have a yarn dyeing capacity of 2,000 kg/day, 48 looms, a processing capacity of approximately 94,000 meter/day and a garment making capacity of 22,000 unit/day. These facilities are scheduled to go on stream from March 2006.

With this new unit, BRFL's turnover is expected to increase from US$60 million in 2005-2006 to US$110 million in 2006-2007.

Jaya Shree

India's Leading Producer of Linen Yarn

Jaya Shree Textiles is one of the several ISO 9000 accredited units of Indian Rayon and Industries Limited, a multi-product conglomerate with an annual turnover of US$400 million.

Jaya Shree has a commitment to customization. As the needs of customers are all different, the company has a philosophy of becoming an extended manufacturing arm of the customer itself, and almost 80% of its production is based on individual customer specifications.

J.C. Soni, President of Jaya Shree, says, "Jaya Shree produces only niche and value-added products and is staying out of the commodity goods sector. In addition, we are focusing on cost reduction."

Jaya Shree is also one of the few ISO-9000 and IS-14001 and Oeko-Tex accredited textile units in India, and supplies its products to over 50 countries worldwide. In fact, exports account for half of its turnover.

Jaya Shree established its Wool Combing Division in early 1995 with an aim of catering to the needs of its own spinning unit, but thanks to its highest standard of quality, it has blossomed into an independent process house supplying its product to customers inside and outside India. The wool combing capacity of 4,200 ton/year is being doubled this year.

Jaya Shree seeks to make its presence felt globally as a reliable supplier of top quality yarn and fabrics. Its main aim is to ensure total customer satisfaction through a thrust on quality, rapid modernization and expansion by synergizing the advantages of the multi-national and diversified product-mix of the entire group. Jaya Shree wishes to build its reputation as a caring organization, utilizing all of its resources through teamwork and continuous emphasis on human resource development, knowledge integration, system perfection and research and development. The company is dedicated to achieve excellence in all spheres of management in pursuit of the Birla Management Centre Philosophy.

Jaya Shree is India's leader in the production of linen yarn for weaving, knitting and industrial purposes, and uses the finest quality of West European flax. (1,500-ton/year capacity) Natural-grace, elegance, trendy and bold vibrant weaves make linen most suitable for traditional and fashionable apparel, furnishing and bed linen. The range includes gray, boiled, bleached and dyed yarn for knitting and weaving, along with multifold yarn, twine and high-tenacity thread for industrial applications.

Worsted yarn is spun from the finest quality Merino wool from Australia and New Zealand for weaving, knitting, hosiery and the upholstery sector with a capacity of 3,000 ton/year. Worsted yarn is available in pure wool and blends such as wool/polyester, wool/nylon, wool/ viscose, polyester/viscose, wool/silk and wool/"Lycra". The range includes conventional and Siro-spun; dyed solids, melange and vigourex printed as well as Ecru; single and twisted; core spun; and shrink resistance.

Jaya Shree offers single and multifold synthetic raw white yarn in blends of man-made fibers for apparel and industrial applications. The production capacity is 7,500 ton/year

Jaya Shree also manufactures a wide range of pure linen and linen blended fabrics, poly ester/viscose blended woven designs and plain fabrics for men's and women's wear exclusively for exports and flame-retardant fabrics for apparel, industrial and defense use. The range of linen blends includes those with cotton, rayon, lyocell, polynosic, "Lycra" and silk. The production capacity is 10 million meter/year for apparel fabrics and 2 million meter/year for flame-retardant apparel and industrial fabrics.

Eurotex Industries and Exports

India's Most Modern Spinning Plant

Eurotex Industries and Exports Limited is a vertically integrated textile firm based in India, and is a part of the well-known Patodia Eurotex Group of Industries.

The Patodia Group of Industries was founded as early as 1938 and pioneered the business of cotton and art silk yarns in India. The trade and export activities of the Group rose to enormous proportions after World War II. The Group's turnover is in excess of US$150 million with exports contributing over 50%, and covers almost the full range of activities of the textile industry, from raw cotton to ready-to-wear fashion garments. The Group has firm business tie-ups with textile companies all over the world, including Japan, Switzerland, the U.K., Germany, Korea, Italy and the U.S. The Group's cotton yarn exports comprise almost 10% of India's yarn exports.

These towering accomplishments have been the inspiration to the formation of Eurotex, which was incorporated in 1989. The company's plant, spread out over a sprawling 30 acres at Kolhapur in Maharashtra, is one of the most sophisticated in its class in the world today. The latest machinery and technological knowhow were acquired from reputed world leaders in their respective fields, and the plant is professionally managed by the best technical team in India today.

Based on their experience and expertise, Eurotex confidently offers high-end textile products, whether it be yarn, fabrics or finished garments.

Eurotex spins yarn between counts Ne 20s combed and Ne 120s combed, both in single and 2-ply. All of the yarns are wound on the latest Schlafhorst and Murata automatic winders. The company also produces high RKM yarns for high-speed looms. Double yarns, including knotless, are twisted on Volkmann two-for-one twisters.

Knitting facilities are housed in the same premises as the spinning units. Eurotex has single jersey, interlock and rib machines from Mayer & Cie. and Terrot, and knits fabrics in various structures.

Eurotex's ultra-modern garment manufacturing unit located in New Bombay manufactures high-quality knitwear for the export market. The garment product range covers a wide spectrum from babies' wear and pyjamas, kids' and teen's wear to polo pique and round neck T-shirts. With all machinery from Pegasus, Yamato, Juki and Brother, a full-fledged garment testing laboratory, and the latest fusing machines and needle detectors, Eurotex distinguish itself on the basis of strict quality control that it offers to customers.

Eurotex is currently planning further expansion in the sectors of weaving and processing. Greater importance is also being attached to apparel.

Being one of India's largest exporters of pure cotton yarn, Eurotex exports all of its yarn to quality conscious and demanding buyers in Japan, the U.K., Italy, Germany, Switzerland, Korea, Taiwan, Hong Kong/China and Mauritius. The continuous inflow of repeat orders from buyers in these markets speaks for the Eurotex quality and its reputation.

Rajiv Patodia, Executive Director of Eurotex, forecasts a bright future, saying, "The future is very good for the Indian textile industry, and as a company, we will continue our endeavors at all levels to meet the ever-increasing expectations and demands of our customers."

Jindal

Launching New Denim Plant

Jindal Worldwide Limited is a central government-recognized trading house, and has been active in the sector of home textiles for more than 25 years. This globally recognized, export-oriented company with an annual turnover of US$45 million has been participating in Heimtextil since the late 1980s.

Dr. Yamunadutt Agrawal, President of Jindal, says, "The textile sector in India is booming, and our business has been good this year."

Jindal's range of products includes bedsets, curtains and table and kitchen linens. The range of bedsets reflects the company's well-evolved design repertoire of innovative, contemporary and classic prints, which are available in pure cotton, flannel, seersucker, satin, satin stripe, Swiss dot, percale, polyester/cotton blend, microfibers, knits, glanz satin, etc. These fabrics are stitched into various forms such as bedsheets, duvet covers, fitted sheets, quilts, bedskirts, shams, framed cushion covers, pillow covers, bolsters, etc. in a wide range of qualities.

Table and kitchen linens are available in a complete range including table cloths, placemats, napkins, runners, breadbaskets, kitchen towels, aprons, potholders and gloves.

The company has a fabric production capacity of 5 million meter/month, and investments are being made for achieving higher value addition. The entire process cycle from raw materials to the finishing stage is monitored and supervised by a team of expert quality controllers. Commitment to service and quality is the fundamental business axiom at Jindal, and the company has a reputation for its ontime deliveries and overall customer satisfaction.

The company operates in-house weaving, bleaching, dyeing, printing, processing and finishing for fabrics up to 300 cm in width. These operations are supported by an integrated stitching plant, which converts finished fabrics into various forms of made-up articles.

Vivacious designs are created at its computerized in-house design studio equipped with CAD/CAM facilities, and its design team has the expertise to create world-class designs in very short lead time. As a means of further saving time and cost, Jindal offers online preview of designs, and clients can order modifications online.

As for exports, Jindal is supplying its products to markets in Europe, the U.S., Canada, Latin America and Australia.

Jindal has recently launched a new denim plant with a capacity of 10 million meter/year. A total of US$10 million has been invested in this project, and the denim will be supplied to both the domestic market and exports.

Investments in terry towels will be finalized at ITMA ASIA in October.

Rajasthan Spinning & Weaving Mills

India's Largest Exporter of Spun Synthetic Yarn

Rajasthan Spinning & Weaving Mills Ltd. (RSWM) is the flagship company of the LNJ Bhilwara Group, which is a well-diversified conglomerate with interests in an extensive range of industries including textiles, graphite electrodes, power generation, power engineering consultancy services, steel and IT enabled services.

RSWM is primarily engaged in the manufacture of synthetic, blended, melange and specialty yarns and fabrics. Particularly, its strength is in polyester/cotton and other cotton blended yarns, such as cotton blends with acrylic, viscose and "Viloft"- oriented yarn, pure cotton m_lange and cotton-blended m_lange and dyed yarns.

With six units at Gulabpura, Banswara, Mandpam, Rishabhdev, Bhilwara and Ringas located in the State of Rajasthan, its huge spinning capacity of 270,000 spindles produces 80,000 tons of yarn a year, and the company also manufactures 12 million meters of fabrics annually with 69 looms at its Gulabpura unit.

All of its plants are equipped with state-of-the-art machines and captive power generation facilities. With the most modern spinning and weaving plants, techno-savviness, quality consciousness and a vast product range, RSWM is considered to be one of the most modern spinning and weaving companies in India today. The fiber dyeing unit is equipped with technology from Obobermier HTHR Spinning units have preparatory machines from Tr_tzschler, Rieter, Toyota, Vouk, Crosrol and Lakshmi Machines. Automatic winders are from Schlafhorst ("Autoconer 238" and "338"), and two-for-one twisters from Volkmann, Leewha and Murata. Weaving Plants are equipped with "Sulzer Textil P7100" and "P7200" projectile looms and Toyota air-jet looms.

Meanwhile, specialty fiber supply for the production of world-class yarn includes flame-retardant polyester from Trevira, Germany, "Tencel" from Lenzing, flax from Belgium and silk from China.

RSWM is the first composite textile mill in India to obtain ISO certification, and it also enjoys prestigious Three Star Export House' status.

This year, RSWM is enjoying good business on the international market and exports a complete range of yarn and fabric to over 60 countries worldwide, giving the company a markedly visible presence across the textile world. RSWM is India's largest exporter of spun synthetic yarn and has reigned as the biggest exporter of polyester/viscose blended yarn since 1993.

The range of fabrics RSWM exports is also extensive. Bottomweight fabrics include polyester/viscose blended fabrics; "Tencel", "Tencel"/polyester "Tencel"/cotton blends, polyester/ cotton blends and polyester/polynosic blends, stretch fabrics and "Trevira CS" flame-retardant fabrics. Shirtings are offered in polyester and viscose blends. The range of finishing is also wide ranging, such as piece dyeing, fiber dyeing, enzyme treatment, crispy finishing on polyester/viscose fabric, anti-crease finishing and "Teflon" coating.

Meanwhile in the domestic market, RSWM has captured hearts of Indian consumers with its popular range of "Mayur" ready-to-wears.

Leading RSWM to even greater success is Joint Managing Director Riju Jhunjhunwala. He says that its mission is to continuously grow on a sustainable basis and be a major, innovative, profitable and the most admired textile manufacturer in Asia. RSWM is determined and committed to take on the leadership role in the global textile and garment industry, through understanding and surpassing customer expectations, enhancing excellence in quality, ongoing innovations and a business ethos which is based on integrity and honesty.

The Joint Managing Director sees fabrics and garments as growth areas. Nearly 30% of production is currently being exported, and this percentage is expected to increase to 45% with the opportunities created by the postWTO scenario.

RSWM is in the process of a modernization drive, and is increasing its spindles at all of its manufacturing units. To enhance its operating capacity, RSWM has acquired Jaipur Polyspin Ltd. for the manufacturing of synthetic blended yarn. It has also acquired a state-of-the-art process house at Mordi, Banswara and Rajasthan.

A new factory for manufacturing mainly men's casual trousers was launched in Bangalore in August. Production has been started and will reach to its full capacity of 14,000 pairs per day.

Raymond

World's Largest Vertically Integrated Worsted Suiting Maker

The Raymond Group is a Rs 16,000-million-plus conglomerate having businesses in textiles, readymade garments, engineering files and tools, prophylactics and toiletries. The group is the leader in many of these businesses, and enjoys a pronounced position in the international market.

One of the group companies, Raymond Limited is India's leading producer of worsted suiting fabric with a 60% market share. The company has five divisions comprising textiles, denim, engineering files and tools, aviation and designer-wear, and is especially recognized as the most admired textile company in India.

With a capacity of 25 million meter/year of wool and wool-blended fabrics, Raymond is the largest integrated manufacturer in the world. The company exports its suitings to more than 50 countries including the U.S., Canada, Europe, Japan and the Middle East. It is the only Company into manufacturing of fabric, garments, branding and retailing, encompassing the entire value chain.

S.K. Gupta, President of Raymond Limited, says, "We have developed strong in-house skills for research and development, which has resulted in pathbreaking new products. Raymond is perceived as a pioneer and innovator, and has been responsible for raising the standard of the Indian textile industry."

The company is increasing its suiting capacity to 28 million meters and eventually to 35 million meters and has also through its subsidiary Silver Spark set up a state-of-the-art plant at Bangalore to produce 2 mn. formal trousers and 0.3 mn. suits.

The denim division produces highquality ring denim with a capacity of 30 million meter/year, and ranks among the top three producers in the country. The denim products are exported to over 30 countries around the world.

The denim capacity is further being increased by 10 million meters at a cost of Rs 1 billion. A world-class rope indigo dyeing plant was recently commissioned, which will enable Raymond to reach the additional denim capacity by January 2006.

This investment for augmenting the denim division will help in meeting unfulfilled demand for specialty denim from discerning and trendsetting customers. The company envisions exporting most of its denim production as high value-added jeanswear to the best labels worldwide. As a step towards achieving this, Raymond has set up Ever Blue Apparel Limited (a 100% subsidiary of Raymond), as a 10,000-unit/day, state-of-the-art jeanswear factory at the apparel park Bangalore to be scaled up in stages.

In response to the enormous Indian opportunity emerging with the removal of quota barriers worldwide, the Raymond group selected denim as a thrust area for its global forays, and has already invested Rs 3,500 million in its world-class plant at Yavtamal in the Vidharbha region.

As part of its strategy to expand its product portfolio by entering into cotton fabrics, Raymond Limited has entered a Rs 2,000-million deal with Gruppo Zambaiti, a textile major in Italy. A 50-50 joint venture with Cotonificio Honegger S.p.A., a part of Gruppo Zambaiti, through this deal, the textile majors will be set up a greenfield facility in India for manufacture of high value cotton shirting fabrics.

The facility will manufacture fine cotton and cotton linen shirting fabric, and will have a capacity of 11.5 million meters. In addition to the equity support, Gruppo Zambaiti will be bringing in technological and design inputs and global marketing network. This facility will cater to the international markets at the middle to the upper end brands and offer custom designed shirting products to discerning international customers, which include the leading brands and retailers. This facility will also provide an edge by way of offering premium quality fabrics and latest in designs to the Raymond portfolio of premium brands, such as "Manzoni", "Park Avenue" and "ColorPlus". As forward integration a world class shirt plant 'Celebration' has been set up in technical collaboration with a renowned Japenese company.

Raymond is also setting up a 50:50 joint venture with Lanificio Fedora of Italy, a leading woolen fabric manufacturer. Raymond will transfer the existing carded woolen unit, making largely blankets and shawls, at Jalgaon to the new JV. The cost of this project, with capacity addition, is Rs 400 million.

With this JV, Raymond will incorporate the technical expertise and industry experience of its partners within its existing business to offer world-class products for both the domestic and international markets.

Apart from the access to technical expertise from Lanificio Fedora, this new partnership will see an expansion of the current manufacturing capacity from 1.5 million to 2.5 million meter/year in the first phase. In addition, this JV will leverage the strengths of the brands within the domestic and international markets. The JV will have a product mix that includes blankets, shawls and fancy woolen jacketing, and expects to export around two-thirds of its output.

Raymond distributes its products through about 320 exclusive retail shops in India and surrounding countries, 15,000 multi-brand retail outlets and over 100 wholesale distributors. In addition to the Middle East and SAARC countries, the products are sold to discerning customers in over 50 countries including premium fashion labels all over the world.

Vardhman

India's Largest Supplier of Yarn

Vardhman is a large conglomerate with a combined turnover of US$500 million, and manufactures yarn, threads, fabrics and steel.

Its core business is textiles ranging from fiber to finished fabrics. The Vardhman Group is well known as India's largest manufacturer and exporter of cotton yarn, the second largest producer of sewing thread, and a large producer of acrylic fiber as well as gray and finished woven fabrics.

During the last decade, the Vardhman Group recorded an 11% topline growth rate, which is greater than the industry's average growth. The Group's turnover increased from Rs 7,230 million in 1995 to Rs 22193 million (MSML=Rs.19314 million, VMT=Rs.618 million, VTL=Rs. 212 million, and VAL=Rs.2049 million ) in 2004-05. Exports also grew from a negligible level in the early nineties to Rs 4,457 million (exports FOB - VMT=Rs. 302 million, VTL=Rs. 25 million and MSML=Rs.4130 million) in 2004-05.

The manufacturing of yarn is a major activity accounting for 65% of the group's turnover. Vardhman is virtually a supermarket for yarn, as it produces the widest range of cotton, synthetics and blends, gray and dyed yarns and hand-knitting yarns, in which Vardhman is the market leader in India. The group has nine production plants with a total capacity of over 550,000 spindles, spread all over the country. In many of the yam market segments, Vardhman boasts the largest market share.

Vardhman is one of the largest exporters of yarn from India, exporting yarns worth more than US$90 million annually.

In addition, Vardhman is the second largest producer of sewing thread in the country. The sewing thread manufacturing capacity has been expanded from 17 to 22 ton/day in its sewing thread plants located at Hoshiarpur, Baddi, Ludhiana and Perundurai. Sewing threads contributes 12% to the group turnover.

The Group has state-of-the-art weaving and processing facilities in its plant at Baddi, Northern India. The group has 264 shuttleless looms (mainly Tsudakoma air-jet looms) and a fabric processing capacity of 30 million meters per annum in collaboration of Tokai Senko of Japan. Fabrics business contributes about 8% to the group turnover.

The group has an acrylic staple fiber plant (Vardhman Acrylics Ltd.) at Bharuch in Gujrat in collaboration with Marubeni Corp. and Japan Exlan Co., Ltd. of Japan. The plant has a production capacity of 18,000 ton/year, and contributes 8% to the total turnover.

Vardhman is promoting collaboration with specialists worldwide In addition to Vardhman Acrylics Ltd., international alliances have been established with Tokai Senko of Japan for fabric dyeing and finishing, Nihon Sanmo Dyeing Co., Ltd. of Japan for fiber and yarn dyeing, Kyung Bang of Korea for gassed mercerized yarn, Toho Rayon of Japan for cotton yarn, and American & Efird, Inc. of the U.S. for sewing thread.

Vardhman first entered the global market in 1986, and since then has increased its exports to the level of U$92 million (2002). Vardhman exports 40% of its yarn production to more than 25 countries around the world, and has strong presence in markets such as the EU, Canada, China, Japan, Korea, Mexico, Brazil and Mauritius, the Middle East. Today, Vardhman accounts for more than 6% of total yarn exports from India.

Vardhman is a truly international organization in terms of sourcing from and catering to the world market. The Group has an edge over its competitors in the world's most quality conscious and price sensitive markets, thanks to its trusted, tested and reliable workforce, coupled with the latest technology, quality consciousness, customeroriented services and strong logistics.

Vardhman has evolved from a small beginning to a modern textile major under the dynamic leadership of Chairman S.P. Oswal. His vision and insights have given Vardhman an enviable position in the Indian textile industry. Under his able leadership, Vardhman is further innovating, diversifying, integrating and building its businesses into a dynamic enterprise of today.

Chairman Oswal says, "The textile industry is full of opportunities for those having the right competencies and a constant will to learn. At Vardhman, we have evolved a clear perception of the bright future of the industry. The clarity and focus are reflected in our dedication and unremitting attention to textiles. The Group's work culture veers around the core values of trust, integrity and customer care. With our vision and core values, we confidently look forward to the future."

Vardhman is investing about US$ 250 million to 300 million in projects which ranges from spinning and fabric processing to the production of finished goods. 100,000 spindles are being added to the spinning capacity, and the weaving capacity is being doubled. The dyeing and finishing capacity for fabrics (bottomweights and shirtings) is being expanded to 80 million meters.