TT Ltd., a leading textile player, recently celebrated completion of its 25 years of public listing by ringing the Silver Bell at the Bombay Stock Exchange. The function, presided over by the Padma Bhushan awardee, Mr. D.R. Mehta, ex-SEBI Chairman, was held at the convention centre of BSE.
The Chairman and Founder of the TT Group, Dr. R.C. Jain, explained the journey of the company since inception and its evolution as a fibre-to-fashion brand as it spread its wings not only in India but also across 65 countries. He laid special emphasis on the principles of the company and its employees, the two main pillars of its growth all along.
He said: “I wasn’t self made as said by many, but was made by all the people who walked with me over the long journey spanning almost 50 years. TT is not a family-managed company, but is as professional as any other company.”
Mr. Sanjay Jain, Managing Director, outlined the vision and roadmap of the company and its commitment to attain new heights. The opportunities for growth are enormous and the only limiting factor would be human resources.
He said: “Going forward the company would focus on value addition and brand building to create a strong portfolio of product lines to address the needs of the middle class in India. Volume growth and market share expansion receive more attention to ensure it reaches out to the heart of India.”
Emphasis over time is expected to shift down the line, i.e., away from fibre and closer to fashion to reduce the beta of the company fortunes and ensure more stability. While it would not close its eyes to exports ever, however it would lay more emphasis on supplying to the domestic market.