Management Team
Mr. Hrishikesh A Mafatlal, Chairman
Mr. Aniruddha Deshmukh, MD & CEO
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Journey Began
Started as Shorrock Mill in 1905.
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Products Manufactured
The company’s product portfolio consists of yarn dyed Shirtings, Suitings, Voiles, Prints, Linens, Bleached White Fabrics, Rubia, value added and fashion Denims, School Uniform fabrics, Corporate/ Institutional Uniforms, Bed & Bath Linen and Readymades.
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Manufacturing Facilities
Mills are located at Navsari (near Surat) and Nadiad (near Ahmedabad) in Gujarat.
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Expansion Plans
In textiles additional printing capacity was commissioned this year. The company continues to differentiate itself by introducing value added products and expanding its distribution network both in the domestic and international markets. In the coming year, Mafatlal is investing in procuring additional wide width looms so that costs are optimized and speed to market is improved. Additionally, investments are being made in printing and finishing machines.
The School Uniform business provides a great opportunity for the company in the coming years and pursuing the use of web and app based technologies to facilitate business growth in these areas is one of the main drivers. Further forays are also being planned in the Home and Ladies wear segment. Mafatlal will also have additional focus in the bottom weight suiting especially in the polyester cotton and polyester viscose segments. The Ready to Stitch Combos will also form an increasing part of the offering. The company has a strong base on the retail front with over 100 Mafatlal Family Shops all across the country and this will be further strengthened.
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Global Presence
Exports: There has been encouraging response to Mafatlal’s trade collection from South America. The company has opened a representative office in Bangladesh and expects good sales from that area as well as from other Asian countries like Vietnam.
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Financial Performance
Mafatlal has, for the year ended 31st March 2016 reported a total revenue of Rs. 1344.65 crores, a growth of 29% over Rs. 1044.69 crores the previous year. In its Textile business sales volume grew by 16% during the year. Its denim sales volume grew by 38.3% during the year.The overall sales volume of the company is over 85 million meters per annum.