Winsome Textiles achieved a sales turnover of Rs. 31,624.47 lakhs in 2011-12 as against Rs. 35,050.21 lakhs during the previous year.
Winsome has undertaken expansion and diversification and plans to set up a new spinning unit with a capacity of 40,800 spindles, a new circular knitting unit in Himachal Pradesh and expansion of its existing dyeing facility at an investment of approximately Rs. 230 crores. The company has acquired land for the purpose and has tied up with multiple banks/financial institutions for funding its expansion plans.
The company would have the benefit of economies of scale with the total installed capacity increasing for cotton spun yarns, including in-house dyeing division for complete & efficient quality control after implementation of the expansion projects. On completion, these initiatives will significantly contribute to operational efficiency and reduction in cost.
Winsome which has performed well in the export of value-added yarn has been presented with the Gold Trophy by the Cotton Export Promotion Council of India for the highest export of processed yarns for 2010-11.
The company has taken fresh initiatives to enhance its market leadership, product innovation and operating efficiencies with a special focus on value-added products.