Management Team
Mr. Ravi Jhunjhunwala, Chairman
Mr. Riju Jhunjhunwala, Managing Director
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Journey Began
RSWM Limited, the flagship Company of the LNJ Bhilwara Group established in 1961
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Product Portfolio
Speciality and Value-added Yarns, Fabrics.
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Iconic Brands
Mayur Suitings
Manufacturing Facilities
11 state-of-the-art manufacturing plants.
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Production capacity
Yarn Business – Spindles: 408,368, Production (2015-16): 1,22,850 tonnes, Exports (2015-16): 42,553 tonnes.
Melange – Spindles (March 31, 2016): 75,072, Production (2015-16): 13,529 tonnes, Growth over previous year: 36.47%. Exports (2015-16): 2,746 tonnes Growth over previous year: 25.02%. RSWM’s new Kanya Kheri unit comprises 25,920 spindles producing 414 tonnes of yarn each month.
Fabrics – 154 looms. Processing capacity: 24 million metres. Production: 18.01 million metres.
Denim – The company’s denim manufacturing plant in Mordi weaves 16.85 million metres and markets it to leading international brands. The 86 high-speed looms correspond to 17 million metres per annum fabric processing capacity across 3,000+ denim fabric variants. Its denim capacity, last year was around 13 lakh metres per month which has increased now to 21 lakh.
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Prominent Customers
Yarn – Raymond Ltd., Siyaram Silk Mills Ltd., Welspun India Ltd. and Alok Industries Ltd.
Melange – Reputed international brands like Decathlon, REMEI AG, H&M and C&A, among others.
Denim – Levi’s, H&M, Zara, Warner, Carrefour, New Yorker, Lules, Marlboro, Diesel, Jack n Jones, Polo, Flori din, Mavi, Gap, TCP, Lee, Wrangler, Tesco, Grolls, Swiss Rail, Ann Taylor, Pepe, Spykar, Killer, Mufti, Pantaloons and Gini &Jony, to name a few.
Global Presence
RSWM enjoys an expansive global footprint (78 countries), de-risking it from an over dependence on any single market. In 2015-16, exports accounted for 31% of its top line.
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Expansion Plans
In 2015-16, RSWM invested Rs.134 crore in capacity addition and modernisation, enhancing volumes and productivity. Capex proposal entailing the modernisation of Fabric Unit at Banswara and Yarn division at Bagalur amounting to Rs.3.17 crore and Rs.10.00 crore were completed during the year thereby improving the overall productivity. Commissioning of 25,344 spindles for mélange yarn at KanyaKheri, Bhilwara and 50 MT Green Polyester Fibre Project at Ringas.
Yarn business: RSWM invested Rs. 19.26 crore in equipment modernisation. For the domestic market launched EDGE brand, all value-added products will henceforth be marketed under this brand. Introduced more than 277 new products, a majority of them being value-added yarns. Widened the yarn-dyed product basket (value-added); strengthened its presence in key North Indian markets. Added 225 customers from existing and new geographies. Introduced 15 yarn variants, which were well-received. Started setting up a design studio at the Noida corporate office.
Melange: Commissioned and stabilised operations across 25,920 spindles. Installed new spindles to produce grey yarns during the downturn. Introduced 78 products, a majority being value-added mélange yarn variants. Increased sales in Korea, Czech Republic and Latin American nations. Customised mélange yarns around emerging weaving applications.
Fabrics: Added segments like terry rayon fabric and terry wool. Created a dedicated team to address international opportunities.
Denim Business: RSWM is implementing a sizeable capacity increase from 17 million metres per annum to 25 million metres per annum. Strengthened operating efficiencies and productivity levels. Received a large order from a global brand for recycled denim fabric, an area with attractive possibilities. Installed shuttle looms for developing vintage denim which enjoys strong demand in Europe and Latin America. Developed eight product variants including quilted denims and reverse jacquards, among others. The company is investing Rs. 43 crore to increase its weaving capacity to 25 million metres per annum in the first quarter of the current year.
IT platform: The company is investing in an organisation-wide ERP – M3 (textile sector-customised) platform by end-2016 to facilitate superior data management, bolster security and ensure availability of accurate real-time information resulting in informed decision-making.
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Financial Performance
RSWM clocked turnover of Rs. 2, 955 crores and net profit of Rs. 106 crores.