Key Quantitative Information
- Current manufacturing capacity: 18 lakh units per annum
- Planned capacity expansion target: 37.5 lakh units per annum by FY2030
- FY30 revenue projection: Approximately ₹500 crore
- FY30 PAT projection: Approximately ₹65 crore
Expansion Plans
The company has outlined a three-phase capacity expansion plan:
- Phase 1: FY28
- Phase 2: FY29
- Phase 3: FY30
Total capacity will increase from 18 lakh units per annum to 37.5 lakh units per annum by FY2030.
International Expansion Evaluation
The company is in early-stage strategic evaluation for expansion into Nepal, Vietnam, and Sri Lanka. They are evaluating contract manufacturing and strategic partnerships with existing factories in other countries to mitigate geopolitical risk.
Leadership Overview
Founder & Chairman Emeritus: Mr. Shyam Sunder Goenka - Established the company in 1982 as a textile trading business in Chennai. Founded Sreelal Goenka Charitable Trust, Goenka Education Trust, and Goenka Institute of Education and Research (GIER).
Chairman & Managing Director: Mr. Ashutosh Goenka - Over 30 years of experience in textile industry. Has driven operational modernization, expanded manufacturing and exports, and led diversification into sustainable businesses including solar energy and agriculture.
Whole-time Director: Mr. Shubhang Goenka - MBA from Saïd Business School and BSc in Management from University of Nottingham. Oversees business operations, strategic planning, manufacturing, business development, and global client relations.
Board of Directors
- Mr. Hemal Kiran Shah (Independent Director since 2019) - Bachelor of Technology with over 25 years experience in manufacturing and industrial operations
- Mr. V. K. Jeyakodi (Independent Director) - Former IAS officer with B.E. (Hons.) in Electronics & Communication Engineering and MBA in International Business
- Mrs. Kalpana Maheshwari (Independent Director) - Practicing Chartered Accountant with over 22 years experience in finance, audit, taxation, and compliance
Key Managerial Personnel
- Mr. Vivek Bahety (Chief Financial Officer) - CA and CS with over 14 years experience in finance, accounting, taxation, and operations
- Ms. Kanchan Rathi (Company Secretary) - Qualified Company Secretary with over 8 years experience, associated with company for four years
Business Overview
The company serves marquee global clients and has a strong global presence. They are proudly associated with domestic brands and participate in national and international trade events to connect with global brands, showcase woven bottom wear expertise, and stay aligned with evolving industry trends.
Industry Context
- India is the world's 2nd-largest producer and 6th-largest textile and apparel exporter
- Indian textiles and apparel industry projected to grow at 15%-20% CAGR by 2030
- Exports expected to reach US$350 billion
- Sector contributes ~2% to India's GDP, 7%-13% to industrial production, and 12% to total exports
- Union Budget allocation of ₹5,272 crore for Ministry of Textiles
- Policy support through PM MITRA, ELI, and RoSCTL schemes
- 100% FDI permitted under automatic route in textile sector
Additional Information
Company address: 3rd floor, 29/16, Whites Rd, Peters Colony, Royapettah, Chennai, Tamil Nadu 600014
The presentation includes forward-looking statements subject to risks and uncertainties. The company does not undertake any obligation to revise or update any forward-looking statements.