The company is able to provide customers with value-added yarns, niche yarns, fancy yarns and a wide selection of coloured yarns because of its technologically advanced and environmentally conscientious manufacturing setup
Sanathan Textiles Limited is a leading supplier of cotton yarns, polyester yarns and yarns for technical textiles. The company with its strong technology, innovation and focus on sustainability has been literally going places in recent times with its products in demand in many key global markets. Presenting an overview of the company and its products, Executive Director Sammir Dattani says: “We are one of India’s few businesses with a foothold in the polyester, cotton and technical textile manufacturing segment, as per a CRISIL report. The three yarn verticals are all placed under the same corporate umbrella. This has aided our expansion into new segments.”
“This has also allowed us to serve a larger number of consumers in a variety of industries. We have a wide product portfolio as of September 30, 2021 with the ability to make over 12,900 varieties of yarn goods with over 1,00,000 SKUs that are used in various forms and for numerous end purposes. We can provide customers with value-added yarns, niche yarns, fancy yarns and a wide selection of coloured yarns as we have a technologically advanced and environmentally conscientious manufacturing setup. Before it travels across the seas, every thread of yarn that leaves our plant has been manufactured using the most up-to-date machinery and checked for quality in our laboratories,” he adds.
“Further, our research and development team is always eager to collaborate with customers to create a customised yarn solution as part of our ‘made-to-order’ (MTO) programme,” Dattani states. Sanathan Textiles is dedicated to its goal of producing value-added innovative yarns for the ‘fabric of our lives’, as promoted by the Dattani family, who have over 100 years of combined experience in the yarn industry. The company is managed by a qualified and experienced team. The company also manufactures polyester filament yarns, cotton yarns and yarns for technical textiles. About 2,20,000 tonnes of yarn is produced each year across all the three verticals.
IPO on the Cards
Sanathan Textiles is planning an initial public offering (IPO). Sharing details regarding the total size of the IPO and the purpose of raising funds, Dattani states: “We want to raise funds of up to Rs 500 crore for debt repayment, future working capital and other general corporate expenses. The rest will be offer for sale.” When queried about any recent investments by the company, Dattani points out that in 2019 the company increased the capacity of its cotton yarn manufacturing facility, which is now fully operational.
Technology and Growth
Elaborating about the innovation and technology advantage offered by the company, Dattani says: “Sanathan Textiles’ main focus areas include product innovation, made-to-order products, and customised solutions. Our ‘value-added product basket’ is what we call it. We are constantly adding new products to our range as a part of our long-term mission. We will begin supplying dope-dyed yarn in our yarn bouquet for technical textile yarns very soon after offering a vast selection of dope-dyed coloured yarns in our polyester filament business.” Providing a break-up of the company’s domestic business and exports, Dattani informs: “Direct export accounts for 13-17% of our yarns. Argentina, South Korea, Brazil and Turkey are among our largest significant global markets.”
“Our yarns’ indirect exports in the form of fabric, textiles and apparel are considerably higher. Siyaram’s, Arvind Mills, Banswara Syntex, Jerseytex, Creative Group, D’décor, Duvalli, Page industries and Paragon Knits are among our regular customers. These are just a few names. We are regular suppliers to around 1,100+ customers annually,” he adds. Highlighting the key advantages offered by the company over its competitors, Dattani shares: “We are able to maintain a high level of commitment with our customers with the majority of our orders originating from repeat customers year after year.”
“We can supply numerous yarns to a customer under one roof from a single location since we have three separate yarn divisions. We have long-standing contacts in the yarn industry and we fulfil the expectations of our customers in terms of consistent quality, service and delivery. We at Sanathan Textiles are constantly striving for perfection with each and every customer. It is our constant goal to be the supplier of choice for our customers all around the world.” As on September 30, 2021, the company had 1,417 permanent employees and 2,946 contract workers at its facility.
Focus on Sustainability
The company has always been known for its sustainability focus. Listing down the sustainability initiatives, Dattani says: “Sanathan Textiles is very conscious of its surroundings, community and responsibility with the second generation completely involved in the running of the business. Sustainability is at the core of everything we do. In keeping with these values, we have installed a 2.3 MW solar power facility for in-house sustainable energy supply. We have already installed a zero liquid discharge facility and undertake systematic disposal of hazardous waste. An example of such sustainability is our venture into Born Dyed™ coloured yarns.”
“These use the dope-dyed technique to develop colour polyester yarn, which is an environmentally friendly way of generating coloured yarns. Meanwhile, chemical and water consumption are significantly reduced and production expenses are minimised. Narrowing the supply chain lowers production costs whilst lowering the end product’s environmental footprint. Sanathan Textiles has stepped up to assist in the effort by producing yarn from PET chips and discarded recycled bottles as the demand for sustainable textiles rises. With Reviro we hope to contribute to the new world’s efforts to reduce, reuse and recycle waste,” he adds.
Automation Initiatives
Elaborating on the company’s adoption of automation in its manufacturing process, Dattani points out: “At Sanathan Textiles we are constantly striving to integrate new technology into the textile sector. Our production facility is technologically efficient with automatic doffing, automatic package handling systems and process automation. Moreover, having an automated warehouse that meets worldwide inventory standards ensures that our products are delivered to consumers on time. Process automation and technology help reduce labour dependency while also increasing efficiency. Furthermore, data-driven decision-making aids timely production management, resulting in increased profitability.” On a parting note, Dattani reveals that the company’s plans for the future include doubling the manufacturing capacity.
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We are one of India’s few businesses with a foothold in the polyester, cotton and technical textile manufacturing segment, as per a CRISIL report. The three yarn verticals are all placed under the same corporate umbrella. This has aided our expansion into new segments.”
– Sammir Dattani, Executive Director