Management Team
Mr. L.N. Agarwal, Chairman & MD
Mr. Paritosh K. Agarwal, MD
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Journey Began
In 1960, Suryalakshmi Cotton Mills was established as a manufacturer of world-class cotton yarn.
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Product Portfolio
Entire value chain, from yarn to denim to garments.
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Manufacturing Facilities & Capacity
Yarn – Spinning units manufacturing cotton and synthetic yarn with current spindle capacity of 86,352, expected to reach 90,000 spindles by the next financial year, are located at Amanagallu, Mahabubnagar district in Telangana, at Amravati and at Ramtek, Maharashtra. With almost 96% capacity utilisation level during FY 2015-16 it contributes 37% to the total revenue.
Denim – The manufacturing facility located at Ramtek in Maharashtra has an installed capacity of 40 million meters per annum. At 95% capacity utilisation level during FY 2015-16 it contributes 54% to the total revenue.
Garments – 5000 garments installed capacity per day.
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Expansion Plans
The new spindle capacity is already commercialised. The company has expanded presence to Columbia, China and Iran. Suryalakshmi has launched more shades, textures and colours through in-house R&D. The company has strengthened market leadership among domestic and global clients. Suryalakshmi works with more than 20 global fashion brands across 27 countries.
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Financial Performance
Suryalakshmi clocked net sales of Rs. 760 crores for the year ended 31st March, 2016 registering a growth of 8% over the previous year.
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Exports
Suryalakshmi has successfully ventured into new markets like Iran, China, Hong Kong, etc. and has also managed to get business from new key customers like One Jeans, Next, Sainsbury and Matalan. Some of the new products developed are prints, recycle yarn, peach finishes, water repellent of Invista dual fx & Lycra beauty fabrics, which has been well accepted by its customers. In order to reach out to different customers, the company has been showcasing its collections at various international exhibitions and trade fairs like Kingpins Show (New York, USA), ColombiaTex, Colombia, Iran Tex (Tehran, Iran) and Denim and Jeans show Bangladesh, Dhaka..