Suryalata Spinning Mills Ltd. is promoted by Mr. Vithaldas Agarwal and family members who have been in the textile business for decades. The company is stewarded by members of the promoter family – Managing Director Vithaldas Agarwal and Joint Managing Director Mahender Kumar Agarwal – and managed by a qualified team of professionals.
The company has two manufacturing units, located in Kalwakurthy and Urukondapet in Telangana. Both units are very close to the Hyderabad international airport. The company has a capacity of 95,000 spindles producing 28 KTA (kilotonnes per annum) of yarn.
The company manufactures synthetic ring spun yarns for knitting, weaving and technical applications in the count range of Ne 10s to Ne 60s in single, two-ply and multi-fold varieties.
- 100% polyester spun yarn: Ne 10s to Ne 60s in single / double / multi-fold varieties.
- 100% viscose spun yarn: Ne 20s to Ne 40s in single / double varieties.
- Polyester / viscose blended yarn: Ne 15s to Ne 45s in single / double varieties.
- Polyester sewing thread: Ne 16s to Ne 44s in double / multi-fold varieties.
- Melange yarns count range: Ne 10s to Ne 45s in single / double varieties.
Suryalata also produces specialised yarns like slub yarns, fancy yarns and micro yarns as per market requirements.
The Government has awarded the company the status of Star Export House for its excellent export presence. It exports its products to Argentina, Bangladesh, Brazil, Canada, Indonesia, Iran, Italy, Korea, Mexico, Peru, Portugal, Spain, Switzerland, Taiwan, the Turkey, US and the UK.
The company already accounts for around a tenth of the country’s synthetic yarn manufacturing capacity and has invested in capacity addition (and modernisation) every three years.
With opportunities growing for the synthetic yarns segment, it is time to step out and accelerate capacity creation. In line with this priority, the company has undertaken a modernisation-cum-expansion programme that will enhance spindles by 12,000 to an aggregate 105,000. Coupled with the ongoing modernisation of another 20,000 spindles, the company is optimistic of generating attractive year-on-year growth for three years following this investment.
Over the years, Suryalata has invested in the most advanced spinning equipment (spindles and autoconers). Nearly 60 per cent of its spindles installed post-2007. With the company’s ongoing modernisation and expansion programme, this is expected to increase to 85 per cent with corresponding gains in operating efficiency and product quality.
Suryalata has invested in cutting-edge technologies that enhanced efficiency (higher output from a given raw material quantity) and graduated the company to high yarn quality, an effective counter-cyclical initiative.
Suryalata is focusing on maximizing the availability of operating assets on the one hand and enhancing their utilisation on the other. This efficiency has been derived from a culture of managerial deployment, information sharing, worker training, periodic review, investment in cutting-edge equipment and the propagation of a culture that celebrates asset efficiency.
This enhanced efficiency is reflected in the numbers: the company reported a capacity utilisation of around 95 per cent during the year under review. This high utilisation made it possible for the company to amortise fixed costs efficiently and generate a larger surplus for onward reinvestment – a virtuous cycle.
Suryalata believes that efficient utilization of its investments holds the key to its liquidity, profitability and sustainability. Over the years, the company has decided to manufacture a mix of 100% polyester yarn, 100% viscose and polyester viscose blended yarn (counts 10 to 60). This product mix represents a balance of value-addition on the one hand and quick off-take on the other, making it possible for the company to save on inventory holding costs on the one hand and leverage enduring customer relationships on the other.
Over the years Suryalata has entered global geographies, de-risking its business from an excessive dependence on India (or select global geographies). Exports contributed to 25 per cent of the company’s yarn revenue on average in the last three years.
The company had total installed capacity of 93,264 spindles out of which the Kalwakurthy unit has an installed capacity of 36,288 spindles with a production capacity of 30MT per day. The Urukondapet unit has an installed capacity of 56,976 spindles with a production capacity of 50MT per day. Both the manufacturing units are certified to “ISO 9001:2008”. The company has taken up the modernization-cum-expansion project at Kalwakurthy unit. After completion of the said project, capacities will be raised to 1,05,000 spindles.