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Banswara Syntex
targets
Rs. 1,000-crore turnover for 2011-12
corporate news
BSL is a vertically integrated tex-
tile player engaged in manufactur-
ing man-made synthetic blended
yarn, wool and wool mixed yarn,
all types of suiting and jacquard
furnishing and technical fabrics, be-
sides production of trousers, jackets
and made-ups.
Initially BSL started as a spinning
mill with 12,500 spindles. Since then
the company has been continuously
expanding capacity, diversifying
into newer segments and modern-
izing its plants. Over the last three
decades, it has increased the spin-
ning capacity to 1,43,240 spindles.
The company commenced produc-
tion of fabric from 1993, readymade
garments from 2004 and made-ups
and worsted spinning from 2008. It
has also entered into a 50:50 joint
venture with Carreman Michel Thi-
Banswara Syntex Ltd.
(BSL), established in 1976
as a joint venture with the
Government of Rajasthan,
is one of the largest
producers of Lycra blended
woven fabrics and also
technical and jacquard
fabrics. The company
clocked a turnover of Rs.
800 crores in 2010-11
and has set a target of Rs.
1,000 crores for 2011-
12. The company exports
about 65 per cent of its
production to developed
countries like the US, the
UK and Europe.
Mr. R.L. Toshniwal
, Chairman & M.D., Banswara Syntex Ltd
By K. Gopalakrishnan
20
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The Textile Magazine
FEBRUARY 2012