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THE TEXTILE MAGAZINE
AUGUST 2011
has introduced various value-
added products, viz., TFO
yarn, gassed yarn, Elitwist
yarn, slub yarn, etc. As a part
of the continuous intensive
modernization programme,
the company has invested in
state-of-the-art textile ma-
chinery and equipments like
Suessen / Rieter compact set,
carding machines, soft pack-
age winding machine, etc.
When Mr. Rajha took over,
the company’s net worth was
Rs. 42 lakhs and the turnover
Rs. 1 crore. It was the only
mill with a capacity of 40,000
spindles. Under his leader-
ship, the company grew to
an aggregate spindle capacity
of 1.3 lakh spindles and open-end
spinning capacity of 3,800 rotors.
Its net worth as on March 31, 2011,
increased to Rs. 150 crores with the
turnover exceeding Rs. 300 crores.
All these have been achieved with
an actual investment of only Rs. 5.38
lakhs by way of share capital from the
shareholders and an investment of
more than Rs. 600 crores, mainly by
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seeking additional investment
from shareholders. This has
been possible only because of
prudent management under
the vision and stewardship of
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his father’s philosophy: “A
contented worker will give to
the employer better work and
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So harmonious have in-
dustrial relations been at
the Ramco Group that not
a single labour dispute has
been referred to the tribunal
or court since 1938. Today
the group companies in the
Textile Division are operating
with total capacity of more
than 4.50 lakh spindles.
“My father envisioned the social re-
sponsibility of corporates even before
it is legally scripted today. He estab-
lished a hostel for Harijans in 1950,
which enabled many Harijan students
coming from villages to stay in the
hostel and study in the schools in Ra-
japalayam. They later on joined many
important Government services and
other agencies. In addition, we have
also started many schools, a Polytech-
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father for imparting quality education
to the children of this area”, observes
Mr. Ramasubrahmaneya Rajha.
Mr. R.T. IYENGAR,
Vice President
exCLuSIve
the textILe MAGAzIne wishes well the management and staff of
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– We are thankful to Mr. S. Kanthimathinathan,
the President of Ramco Group Textile Division,
who has been kind enough to provide us with all
the relevant materials to prepare this article.