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The Textile Magazine
JUNE 2012
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63
Suryalakshmi Cotton Mills
targets Rs. 1,000-crore
turnover by 2014
corporate news
The Hyderabad-based Suryalakshmi Cotton
Mills Ltd., a major player in the denim
& yarn industry, has registered for the
year ended March 31, 2012, total income
of Rs. 67,777.48 lakhs as against Rs.
61,164.64 lakhs for the previous year,
up by 10.81 per cent. Net profit was Rs.
2,830.55 lakhs. In spite of the current
status of the textile industry, the Board
has recommended a dividend of 25 per
cent.
Commenting on the results, Mr. Paritosh Agarwal,
Managing Director, said: “I am pleased to note that
considering the present industry scenario Suryalak-
shmi has emerged stronger in FY 11-12 compared to
FY 10-11. We will continue to emphasize more on
strategy with discipline in execution which will help
us to strengthen our organization’s services nationally
while maintaining profitability. We promise to contin-
ue delivering maximum value to the growth of all our
clients and stakeholders”.
With its focus on development of high value-added
denims the company has been able to maintain its prof-
itability in spite of adverse market conditions.
It was in 1962 that L.N. Agarwal started Suryalak-
shmi Cotton Mills, with 6,000 spindles, to manufacture
world class cotton and blended yarns, with a vision
and commitment to establish the company as a leading
enterprise in the textile industry. The company has, as
a result, grown multifold in just four decades and also
established its state-of-the-art denim manufacturing
plant having a capacity of 40 million metres per an-
num. Today Suryalakshmi’s yarn and rope dyed denim
are acknowledged as high quality products across
international markets.
Suryalakshmi currently has 60,000 spindles capac-
ity at Amanagallu in Mahboobnagar district of Andhra
Pradesh and a 40 million metre denim plant at Ramtek
near Nagpur. The company’s subsidiary, Suryakiran
Mr. L.N. Agarwal, Chairman & Managing Director