Management Team
Mr. R.L. Nolkha, Chairman & MD
Mr. Dinesh Nolkha, Managing Director
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Journey Began
Established in 1993.
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Products Manufactured
Manufactures 100% cotton yarns and knitted fabrics.
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Manufacturing Facility
Bhilwara, Rajasthan.
Production Capacity
Present production capacity of the company is 38000 TPA of cotton yarn and 8000 TPA of knitted fabrics.
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Expansion Plans
The company has undertaken an expansion project for installation of 72,960 compact spindles at the existing location at project cost of Rs. 290 crores. The project is under implementation as per schedule and commercial production is planned to commence by the end of the current financial year 2016-17.After the expansion the capacity will increase to 50,000 TPA of yarn and 8000 TPA of fabrics.
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Financial Performance
Nitin Spinners has recorded highest ever turnover of Rs. 766.87 crores in current year against Rs. 616.47 crores in the previous year, an increase of 24.40%. The turnover of cotton yarn increased by 24.56% from Rs 472.01 crores to Rs 587.93 crores, whereas the turnover of Knitted Fabric increased by 15.74% from Rs. 119.57 crores in the previous year to Rs. 138.39 crores during the current year. Knitted Fabric turnover constitute 18.53% of the total turnover.
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Exports
The export turnover significantly increased by 35.53% from Rs. 392.18 crores in the previous year to Rs. 531.53 crores in 2015-16. The export turnover constitutes 69.31% of the total turnover.
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Latest Technology
Nitin Spinners has installed latest machinery from renowned global suppliers like Rieter, Trutzschler, Schlafhrost, Zinser, Savio, Muratec, LMW, KTTM and quality control equipment from Uster.