When it comes to the textile industry, India’s landscape is both vibrant and expansive. India, renowned globally for its textiles, houses a multitude of companies making waves in this sector. If you’re intrigued about the top players impacting this thriving industry, we’ve got you covered.
Unfolding before you are some of the most accomplished and influential textile companies in India. They’re not just leading the national market but have also etched their names in international terrains. Their contributions to Indian trade and economy have been substantial and noteworthy.
From spinning yarns that narrate tales of success, to weaving fabrics that drape global fashion trends – these textile behemoths exemplify excellence and innovation. Let’s delve right into exploring what makes these ten companies stand out amidst a sea of competition. Prepare yourself for an enlightening journey through India’s rich tapestry of top-tier textile enterprises!
Textile Industry in India
- India’s textile and apparel industry was worth around $172 billion in 2022 and is expected to reach $387 billion by 2028.
- The industry contributes around 2% to India’s GDP.
- It provides direct employment to around 45 million people and indirect employment to around 100 million people.
- India is the world’s largest producer of cotton and jute and the second largest producer of silk.
- India overtook the US to become the world’s second largest producer of cotton in 2007, producing 5.355 million tonnes vs China’s 8.078 million tonnes.
- The industry accounts for around 14% of India’s total export earnings.
- India exported $44.4 billion worth of textiles and apparel in 2021-22, a 41% increase over the previous year
- The textile industry is highly fragmented with presence of both organized mills and decentralized small scale units.
- Key centers of the industry are in Maharashtra, Gujarat and Tamil Nadu.
While the textile industry is a cornerstone of India’s economy, other sectors like shipping and consumer durables also play a significant role in the country’s industrial landscape.
Textile Companies in India
- Arvind Ltd
- Vardhman Textiles Ltd
- Welspun India Ltd
- Raymond Ltd
- Trident Group
- KPR Mill Ltd
- Bombay Rayon Fashions Ltd
- Grasim Industries Ltd
- Karnataka Silk Industries Corporation Ltd
- Sutlej Textiles and Industries Ltd
| Company Name | Revenue (FY 2022) |
|---|---|
| Arvind Ltd | Rs. 7,478 crores |
| Vardhman Textiles Ltd | Rs. 9,074 crores |
| Welspun India Ltd | Rs. 6,432.15 crores |
| Raymond Ltd | Rs. 8,337 crores |
| Trident Group | Rs. 6,332 crores |
| KPR Mill Ltd | Rs. 4,869 crores |
| Bombay Rayon Fashions Ltd | Rs. 777.54 crores |
| Grasim Industries Ltd | Rs. 1,17,627 crores |
| Karnataka Silk Industries Corporation Ltd | Between Rs. 100 – 500 crores |
| Sutlej Textiles and Industries Ltd | Rs. 3,063.89 crores |
- Arvind Ltd
- Revenue (FY 2022): Rs. 7,478 crores
- Vardhman Textiles Ltd
- Revenue (FY 2022): Rs. 9,074 crores
- Welspun India Ltd
- Revenue (FY 2022): Rs. 6,432.15 crores
- Raymond Ltd
- Revenue (FY 2022): Rs. 8,337 crores
- Trident Group
- Revenue (FY 2022): Rs. 6,332 crores
- KPR Mill Ltd
- Revenue (FY 2022): Rs. 4,869 crores
- Bombay Rayon Fashions Ltd
- Revenue (FY 2022): Rs. 777.54 crores
- Grasim Industries Ltd
- Revenue (FY 2022): Rs. 1,17,627 crores
- Karnataka Silk Industries Corporation Ltd
- Revenue (FY 2022): Between Rs. 100 – 500 crores
- Sutlej Textiles and Industries Ltd
- Revenue (FY 2022): Rs. 3,063.89 crores
1. Arvind Ltd
Taking the Indian textile industry by storm is Arvind Ltd, an Ahmedabad-based powerhouse. With a whopping revenue of Rs. 7,478 crores in FY2022 and net profit of Rs. 97 crores in Q4 FY2022.
Serving as one of India’s largest denim manufacturers, this company has also made big strides on the global stage. Whether it’s supplying notable brands like Gap Inc., Tommy Hilfiger, and Calvin Klein with cotton shirting and denim or venturing into collaborations with Sephora for store openings in India .
Founded by three Lalbhai brothers in 1931, Arvind started from humble beginnings with just one textile mill based in Ahmedabad. They have over 25 thousand employees across their various ventures including textiles, apparel, retail and engineering.
Recognised for its corporate governance & integration at the Porter Prize awards in 2017 and bagging the Golden Peacock Award for risk management that same year – there’s no denying that they’ve left an indelible mark on India’s textile landscape. Beyond their accolades though is a commitment to innovation: boasting research facilities centred around new fabrics and sustainable processing methods located in both Ahmedabad and Bengaluru.
Some other noteworthy achievements include bringing international brands like Arrow and Tommy Hilfiger to India while launching affordable fashion retail formats such as ‘Unlimited’. In fact, they’re among the top three textile companies nationwide accounting for about five percent of India’s total textile exports!
Their subsidiaries range from Arvind Fashions to SmartSpaces while notable acquisitions include taking over Tommy Hilfiger’s operations here back in 2016. They’ve even got big Bollywood names like Ranveer Singh and Deepika Padukone endorsing their brands.
So, next time you’re shopping for that perfect pair of jeans or seeking out some high-quality cotton shirting – remember the name, Arvind Ltd. They’re not just a brand; they are a textile titan shaping the fabric of India’s fashion industry.
Arvind Ltd’s success in textiles is mirrored by achievements in other sectors such as paper manufacturing and jute manufacturing, showcasing the diversity of India’s industrial strengths
2. Vardhman Textiles Ltd
Let’s delve into the world of Vardhman Textiles Ltd, one of the largest vertically integrated textile companies in India. Founded back in 1965 by Lala Rattan Chand Oswal, this Ludhiana-based powerhouse has been weaving its magic on Indian textiles for over half a century. Going public in 1975, it’s now listed among India’s top 500 companies.
Here are some quick facts about the company:
- Revenue: ₹9,074 crore (FY 2021-22)
- Profit: ₹1,012 crore (FY 2021-22)
- Number of Employees: 20,916 (2022)
Vardhman offers a broad spectrum of products and services. From yarns to fabrics and garments; their portfolio is as diverse as it gets. Their yarn range includes cotton, polyester and acrylic blends while their fabric line features shirting material, trousers and denim. They also produce sewing threads and acrylic fibres.
Their clientele list includes prominent apparel makers such as Esprit, GAP, Banana Republic, Old Navy, H&M and Benetton – all giants within the global fashion industry.
In terms of achievements and recognitions – they’ve bagged export awards from SRTEPC (The Synthetic & Rayon Textiles Export Promotion Council), won the national energy conservation award along with being recognised for their Corporate Social Responsibility initiatives.
Their notable partnerships include a joint venture with American & Efird Inc., initiated in 2008. As well as having significant holdings under its umbrella like VMT Spinning (73.33%) and Vardhman Threads (100%).
3. Welspun India Ltd
Venturing into the realm of home textiles, you’ll encounter Welspun India Ltd, one of the leading manufacturers and exporters in this sector. Established on 17 January 1985, this Mumbai-based company has steadily climbed up the ranks to become a prominent name in global markets.
In 2022 alone, they reported a total revenue of ₹6,432.15 crores with net sales amounting to ₹2,184.05 crores. These figures are testament to their expansive operations that employ approximately 26,000 individuals.
Famed for producing an array of home textile products such as bed linens and bath linens to flooring solutions – there’s no denying Welspun’s broad reach in product offerings. They’ve achieved recognition by supplying high-quality towels and other textiles to hotels, vacation rentals and spas/resorts among others.
Just last year it bagged not one but two prestigious awards: ‘Global Textile Company of the Year’ and ‘Platinum Award’ for sustainability and CSR efforts. Notably achieving USD 1 billion in revenues during 2020-21.
Always looking ahead, Welspun is known for its collaborations with renowned brands like The Walt Disney Company and DuPont Biomaterials that further solidify its market position while enhancing product offerings. Pushing boundaries even further is their focus on innovation resulting in more than 32 innovations leading to numerous patent applications globally.
Boasting several subsidiaries such as Welspun USA Inc and Sorema-Tapates e Cortinas de Banho SA under it – it’s clear that Welspun doesn’t shy away from diversification strategies either!
In conclusion , when you’re thinking of top textile companies in India, Welspun India Ltd is a name that simply can’t be overlooked.
Just as Welspun India Ltd has made a global mark with its textiles, Indian companies in the electric vehicle manufacturing and telecom cable manufacturing sectors are also gaining international recognition.
4. Raymond Ltd
Let’s dive into the world of Raymond Ltd, one of India’s most prominent textile companies. With an impressive revenue of 8,337 crores and a net profit that hit 513 crores in 2022, it’s clear this company is a major player in the industry.
Raymond employs over 6,000 individuals and offers a diverse range of products and services. From top-notch apparel brands like Park Avenue and Parx to high-quality fabrics and suiting materials; they’ve got your fashion needs covered. But their portfolio doesn’t stop there – they also deal in files, tools, auto components, and even real estate.
Clients far and wide appreciate Raymond’s offerings. They’re not just popular with domestic retail customers across India; their products are exported internationally too! Europe, US, Canada Japan – these are just some places where you’ll find Raymond’s products making waves.
Nestled in Mumbai Maharashtra lies the headquarters of Raymond Ltd. This space has seen many proud moments for the business such as crossing INR 8,000 crores in annual revenue for the first time in 2022. In fact last year was huge for them as they doubled their net profit compared to previous year while significantly reducing their net debt from INR 1,088 crores in 2021 to INR 689 crores.
Partnerships have played a huge role in Raymond’s success story too: A notable one being with EnPointe for sourcing technology hardware. Besides this strategic alliance they’ve also entered into joint development agreements for real estate projects.
Raymond Ltd was founded by Vijaypat Singhania way back in 1925! Today it’s run by Gautam Singhania who represents the third generation of entrepreneurs within the family.
When we talk about market share – it’s no surprise that Raymond is among the largest integrated fabric and apparel manufacturers in India, accounting for over 60% of the domestic woollen fabrics market. They also place a strong emphasis on research and development with dedicated in-house design studios and technology centres that focus on product innovation and sustainable materials.
Raymond’s commitment to excellence has bagged them several awards too. Their winning streak includes recognition for HR practices from the Learning & Organization Development Roundtable Network, as well as an award for supply chain excellence from Supply & Demand Chain Executive.
It’s worth noting that Raymond’s empire extends beyond just their main brand. Subsidiaries such as Raymond Consumer Care Limited (RCCL), JK Files India Limited, and Ring Plus Aqua Limited are part of their larger network.
Bollywood actor Shahid Kapoor represents Raymond Suitings while actress Kiara Advani is the face of Ethnix by Raymond.
In a nutshell, Gautam Singhania along with his team at Raymond Ltd have built a textile powerhouse that continues to make its mark both within India and beyond its borders.
5. Trident Group
When considering textile companies in India, you can’t overlook the Trident Group. Founded by Rajinder Gupta in 1990, with an IPO launch in 2011, this company has risen to impressive heights. It’s a powerhouse not only within India but also on the global stage.
Financially speaking, it’s one of the big hitters with a revenue of ₹6,332 crores ($780 million) and a net profit of ₹442 crores ($54 million). These figures are backed up by a strong workforce; as of March 2022, there were about 17,000 employees under its wing.
The Trident Group caters to myriad needs through its vast range of products. They excel at home textiles like bed sheets and towels and produce quality yarns including cotton and blended variants. They’re also globally recognised for their wheat straw-based paper production.
Their client list reads like a who’s who of top retailers: Walmart, JC Penney, Kohl’s and Macy’s all source from them. Their headquarters is based in Ludhiana, Punjab which is considered one of India’s major industrial cities.
In terms of market share in Indian home textile exports for 2020 alone they held an impressive 8% stake. This achievement hasn’t come out of nowhere either; they’re among the top three home textile exporters from India!
For instance, their partnership with Kathy Ireland Worldwide led to bath, kitchen and beach towel ranges under the kathy ireland® Home brand since March 2021.
They have an in-house design studio boasting over a hundred designers who constantly evolve their product line keeping them ahead in the game.
Not only have they achieved Superbrands India status for brand Trident (as recent as 2022), but they also have Jacqueline Fernandez, a renowned Bollywood actress, representing their bed linen range.
Through Trident Global Corp, USA, Trident Group has extended its influence beyond Indian borders. With such robust performance and far-reaching initiatives, it’s clear why the Trident Group is among India’s top ten textile companies.
6. KPR Mill Ltd
Diving into the world of Indian textiles, let’s cast a spotlight on KPR Mill Ltd. Established in 1984, this Coimbatore-based company has grown to become one of the largest vertically integrated apparel manufacturers in India.
With an impressive revenue totalling Rs 4,869 crore ($608 million) and a remarkable profit standing at Rs 841 crore ($104 million), they’re truly making waves in the industry. They employ an astounding number of 19,469 employees who work diligently to keep the wheels turning.
They’ve got quite the product range under their belt as well:
- Yarn
- Knitted Fabrics
- Readymade Garments
These products have certainly made them popular with major multinational retailers from both US and UK – think big names like Walmart, JC Penney and Marks & Spencer!
In less than ten years – from 2014 to 2022 – KPR Mill expanded its capacity by five times! They went from producing 32 million garment pieces annually to an astounding 157 million pieces. And they didn’t stop there either; they export to around sixty leading international brands!
Their journey began with garment exports in ’89, but things really picked up when multiple entities merged into what we now know as KPR Mill Ltd back in ‘06.
They’ve been recognised for their quality management too! Back in ’04, they were awarded ISO 9001:2000 certification.
7. Bombay Rayon Fashions Ltd
Bombay Rayon Fashions Ltd (BRFL) has carved out a significant niche in India’s textile sector. The company, based in Mumbai, Maharashtra, is renowned for its manufacturing prowess and range of products. They’re particularly known for their fabrics such as cotton, polyester, tencel, modal, lycra and wool.
The firm’s financial performance reflects an annual revenue of Rs 777.54 crores with a net loss of Rs 168.42 crores. Despite the loss recorded last year, BRFL continues to be one of the largest employers in the industry with around 38,000 employees on its payroll.
One reason behind BRFL’s success is its robust client base across various export markets including US, UK, Europe and Middle East regions. What sets them apart is their vertical integration – they’ve got presence across the entire value chain from fabric production to ready-made garments.
Notably pronounced achievements up their sleeve include being one of the leading vertically integrated textile companies in India and becoming the largest shirt manufacturer in India with a capacity to produce 100 million metres fabric and 90 million garment pieces per annum.
Strategic acquisitions have played a pivotal role in BRFL’s growth trajectory too. For example they acquired DPJ Clothing Ltd., a UK-based company back in ’06-’07 as well as LNJ Apparel from RSWM Ltd for Rs.255 crore during ’07 which significantly broadened their product portfolio.
Furthermore, BRFL has made significant strides in research and development, focusing on the latest technology and designs. This commitment to R&D and safety measures led them to receive the National Safety Award in 2008 for outstanding safety performance.
It’s also essential to mention that they received the Dun & Bradstreet – Rolta Corporate Award as a top 500 company. Guiding this ship from the forefront is their Chairman Janardan Agrawal whose leadership has been instrumental over the years.
In conclusion, despite its humble beginnings as Mudra Fabrics Private Limited in 1984, Bombay Rayon Fashions Ltd now stands tall amongst India’s leading textile companies, setting standards of excellence within the industry.
8. Grasim Industries Ltd
Grasim Industries Ltd is a titan in India’s textile industry. Incorporated on August 25, 1947, it began its journey as a textiles manufacturer and today, it stands tall as one of the leading global producers of viscose, diversified chemicals, linen yarn and fabrics.
In FY2023 alone, Grasim reported consolidated net revenue of ₹1,17,627 crores with an EBITDA of whopping ₹20,478 crores. In 2022 they were proudly employing over 24k dedicated individuals.
Their product range is diverse and impressive. They’ve made significant strides in sectors like viscose staple fibre and chemicals (chlor-alkali) while also venturing into cement production, solar power even insulators.
Clients worldwide respect the quality of their products. Their clientele includes international giants like Continental Tire North America Inc. With headquarters nestled in Birlagram, Nagda in Madhya Pradesh – Grasim Industries continues to make waves not only domestically but also internationally.
The company has been recognised for its commitment to sustainable practices by ranking #1 on the Capri Global Capital Hurun India Impact-50 list for India’s most sustainable companies – quite an achievement! Moreover they’ve signed strategic partnerships like one with Bluestar Silicones International for the distribution of silicone products further solidifying their market presence.
Grasim has bagged several awards including ET Sustainable Organisation 2023 Award and CII-ITC Award for Excellence in Environment Management amongst others showing recognition from industry peers alike!
The Grasim family extends beyond just one entity with subsidiaries like ABNL Investment Limited, Aditya Birla Renewables Limited and Samruddhi Swastik Trading and Investments Limited under its umbrella. It’s clear that Grasim Industries Ltd is an influential player in India’s textile industry, driving innovation and sustainable practices while delivering exceptional products to its clients.
9. Karnataka Silk Industries Corporation Ltd
Stepping into the world of textiles, you’ll find Karnataka Silk Industries Corporation Ltd (KSIC) as a significant player in India. Incorporated on April 18, 1980, this government-owned enterprise has an impressive history spanning over four decades. It’s headquartered in Bangalore, the vibrant capital of Karnataka.
KSIC primarily focuses on manufacturing silk fabrics and products. They’ve got everything from sarees and dress materials to scarves and ties under their roof. Alongside these traditional items, they also produce readymade garments that cater to the modern fashion sense.
Karnataka Silk Industries Corporation Ltd ensures its exquisite silk creations reach customers far and wide through various means. Not only do they have stores scattered across Karnataka but they also sell their products online.
When we peek into their fiscal performance for FY 2021-22, KSIC reported an operating revenue range between INR 100-500 crores. However, there is a darker side to this shiny coin – the company’s EBITDA saw a staggering decrease of -37.91% compared to the previous year.
Despite this setback in profit margin, KSIC continues to operate with a team of dedicated employees ranging between 500-999 individuals. This workforce plays a vital role in maintaining the brand’s reputation for quality silk goods within India’s textile industry.
Karnataka Silk Industries Corporation Ltd proves that it isn’t all about the figures. It’s also about maintaining a rich tradition, providing quality products and keeping customer satisfaction at the heart of their operations.
10. Sutlej Textiles and Industries Ltd
Sutlej Textiles and Industries Ltd, headquartered in Mumbai, Maharashtra, is a giant in the Indian textile industry. Founded in 1934 as part of Sutlej Industries Ltd., it became an independent entity following a demerger in 2005. The company’s history took an exciting turn when it acquired American Silk Mills in 2007.
The company boasts impressive financials with revenue figures standing at ₹3,063.89 crores and profits after tax amounting to ₹22.84 crores. These numbers reflect not only the robust performance but also the key role played by its large workforce of 16,840 employees.
When it comes to product offerings, Sutlej Textiles manufactures a variety of yarns including polyester, acrylic and cotton melange among others. The company also specialises in home textiles and furnishings alongside fabrics processing. Its diverse product range has attracted leading international and domestic brands along with prestigious clients like American Silk Mills since its acquisition in 2007.
Known for its innovative spirit, the firm operates advanced Yarn Development Centres (YDC) focused on new product development. This commitment to research and development underpins their major achievements such as becoming one of India’s largest manufacturers of spun-dyed yarn and value-added mélange yarn.
It’s significant that they’re among the very few exclusive spinners for specialty yarns like Modal, Lyocell and Tencel within India. They’ve also made headlines by gaining over 200 new client requests at IHF 2022 trade fair – a testament to their reputation within the industry.
Their relentless pursuit for excellence hasn’t gone unnoticed either. Sutlej Textiles has been decorated with awards such as Niryat Shree Award for their export performance along with SRTEPC Award from Synthetic & Rayon Textiles Export Promotion Council.
In terms of expansion, the company’s acquisition of American Silk Mills in 2007 stands as a significant milestone. This move has not only diversified their product portfolio but also solidified their international presence.
With such an impressive track record, Sutlej Textiles and Industries Ltd continues to weave success stories in the Indian textile industry one thread at a time.
Conclusion on Textile Companies in India
Upon reflection, you’ll realise that the Indian textile industry is indeed a behemoth. Our journey through the top 10 best textile companies in India has given us insights into the sector’s diverse offerings and vast potential.
Each company brings something unique to the table. From Raymond’s high-end suiting fabrics to Vardhman’s wide range of yarns, each brand has carved out its own niche within this bustling market.
As we explore the dynamism of India’s textile industry, let’s not forget the significant contributions of other sectors such as education and automobile manufacturing, which continue to propel the nation’s economy forward.
So whether you’re an investor scouting for promising ventures or simply interested in understanding more about Indian industries, keep your eye on this space – it certainly holds promise for future growth!
