Nitin Spinners Limited has achieved the highest turnover and profit, making 2020-21 a landmark year for the company. It is now set to embark on a new journey with optimisation of capacity utilisation
Incorporated in 1992 in Bhilwara with a small capacity of only 384 rotors, Nitin Spinners over the years has expanded its operations to include open-end yarns, ring-spun yarns, blended yarns, knitted fabrics and finished woven fabrics. It now has an installed capacity of 300,048 spindles and 3,488 rotors, producing 72,000 tonnes of yarn per annum. It also has an installed capacity of 63 knitting machines, producing 8,500 tonnes of knitted fabrics per annum and 168 looms and dyeing, printing and finishing capacities to make approximately 300 lakh metres of fabrics per annum.
Two decades and counting, Nitin Spinners Limited has achieved the highest turnover and profit, making 2020-21 a landmark year for the company. It is now set to embark on a new journey with optimisation of capacity utilisation, increasing the value-addition and offering a diversified product portfolio to cater to a diverse set of customers. In spite of the challenges posed by the pandemic, Nitin Spinners registered its highest ever revenue of Rs 1,624.41 crore. The company’s new composite textile project to manufacture cotton and blended yarns and grey and finished woven fabrics has helped it to expand its presence in the value-added products’ segment.
The company supplies finished woven fabrics to well-known domestic and international brands globally. Nitin Spinners has specially installed a state-of-the-art design studio to create fabric samples suiting the current fashion requirements. Steered by innovation and strong customer focus, the team constantly aims to develop new-age products, leading to value-creation for both global and domestic clients. To meet the growing demand and offer exact colour samples, the company has installed a pilot plant, a spectrophotometer and a colour computer. It benefits the company to offer an endless variety of colour samples to its customers.
The final output is then tested at every stage during the production process at its well-equipped quality control laboratory to cross-check the quality as per internationally accepted norms. This ensures that the product is of superior quality. This advanced technology and prime focus on customers have made the company one of the finest yarn and fabric manufacturers. Further, since power is a significant input in this business, all the plants have multiple captive solar power generators. It is also equipped with zero-discharge facilities, helping it recycle and upcycle its waste, thereby ensuring sustainability. It also aids in minimising energy cost.
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“We at Nitin Spinners are geared up for the upcoming year with all positivity in light of the unprecedented time. With our differentiated strategy, marked by innovation and sustainable practices, we will strive to maintain our top-line growth momentum by optimising capacity utilisation and thrust on valueadded products
– R.L. Nolkha, Chairman