94
|
The Textile Magazine
SEPTEMBER 2011
Sumanlal J. Shah
increasing
overseas demand for spares
ITMA 2011
[preview]
Sumanlal J. Shah & Co., founded in 1998, is an off-
spring of the parent company started in 1945. It is a
key player in textile machinery spares and accessories
business in India.
Started with a minimal investment and
workforce the company has since grown
from strength to strength, thanks to the
dedication and sustained effort put in by
Mr. Rahul A. Shah and Mr. Prashanth Y.
Shah.
Sumanlal J. Shah & Co.’s primary focus
is on the replacement spares market in the
spinning industry, covering the entire range
from the blow room to auto-coners.
Today the company has established a
name for itself in the highly competitive textile replace-
ment market. “The key to our success is quality and
timely delivery to our customers”, says Mr. Prashanth.
The company has agents at various locations to
cater to customer needs and specifications. Super
Spinning, Precot Mills, Alok Industries, Premier Mills,
Vardhaman, Nahar, Oswal, etc., are among the com-
pany’s prestigious domestic clients.
Sumanlal J. Shah & Co. was started to initially ca-
ter to the needs of the domestic market, but has now
branched off globally after its participation in ITMA
Asia 2002 and ITMA Munich 2005. Currently it ex-
ports to more than 15 countries, from North America
to Asia. Exports contribute to over 25 per cent of the
company’s turnover. This figure is expected to exceed
50 per cent by 2015.
The company considers ITMA Barcelona as the per-
fect platform to break the ice and gain some momen-
tum in the market which has been sluggish for the past
five-six months. At ITMA the company will showcase
a lot of its new innovative replacement spares mainly
focused on international machineries, targeting the
European, Asian and South American countries. Side
by side, the company stall will also offer replacement
spares for Indian and international machineries as
well.
Asked about the current recession in the textile in-
dustry, Mr. Prashanth said: “This market slide was pre-
dicted last year when cotton prices skyrocketed. Since
people in the industry have been quite familiar with the
changing trends, the market will bounce back soon”.
w
Mr. Rahul A. Shah and Mr. Prashanth Y. Shah
By Ganesh Kalidas