Date: August 17, 2026

Company Overview

Garware Technical Fibres Ltd. (GTFL) is a leading technical textiles manufacturer established in 1976 with global presence in over 75 countries. The company operates in manufacturing cordage, ropes, twines, netting, and man-made fibers, accounting for 97.19% of turnover. Main products include netting (57.56% of turnover), twine/ropes/yarn (21.66%), and other products (17.97%).

Operational Details

  • Manufacturing Facilities: 2 plants in Pune and Wai, Maharashtra
  • Offices: 13 national (4 branch offices, 9 depots) and 9 international locations
  • Employees: Total 683 employees (592 permanent, 91 other than permanent) with 96.63% male and 3.38% female representation in permanent staff
  • Workers: 505 permanent workers, all male
  • Export Contribution: 55.76% of total turnover
  • Paid-up Capital: ₹99,26,58,450

Financial Performance

  • Turnover: ₹14,189,837,000 (FY 2025-26)
  • Previous Turnover: ₹13,267,476,000 (FY 2024-25)
  • Accounts Payable Days: 78.75 days (FY 2025-26) vs 77.75 days (FY 2024-25)

ESG Performance Highlights

Environmental Metrics

  • Energy Consumption: 327,787 GJ total (56,125 GJ renewable, 271,662 GJ non-renewable)
  • GHG Emissions: Scope 1 - 20,148.97 tCO2e, Scope 2 - 10,648.80 tCO2e
  • Energy Intensity: 0.000023 per rupee of turnover
  • Water Consumption: 139,592.21 kiloliters with zero liquid discharge implementation
  • Waste Management: 1,460 MT plastic waste recycled, 42.92 MT hazardous waste generated
  • Renewable Energy: 53% consumption achieved, targeting 80% by 2040

Social Metrics

  • Employee Training: 89.75% employees and 100% workers received health/safety training
  • Gender Representation: 33.34% female representation on Board of Directors
  • Safety Performance: Zero lost time injuries, zero fatalities
  • CSR Spending: 2.87% of total revenue on employee well-being measures
  • Parental Leave: 100% return to work and retention rate for 22 employees who took leave

Governance

  • Compliance: No fines/penalties from regulatory authorities
  • Policies: Comprehensive ESG policies covering 8 of 9 NGRBC principles
  • Board Oversight: Mr. Shridhar Shrikrishna Rajpathak responsible for sustainability decisions
  • Certifications: ISO 9001:2015, ISO 14001:2015, ISO 45001:2018

Material ESG Issues Identified

1. Health, Safety and Environment (Risk)

2. Climate Change and Sustainability Risks (Risk)

3. Waste and Wastewater Management (Risk)

4. Water Resilience (Opportunity)

5. Chemical Safety and Management (Opportunity)

6. Innovation (Opportunity)

7. Supply Chain Disruptions (Risk)

8. Currency Fluctuation and Forex Risk (Risk)

Stakeholder Engagement

  • Shareholders: Through AGMs, emails, statutory reports
  • Employees: SAMWAD platform, HR connect forums
  • Customers: Online complaint portal, toll-free number
  • Communities: CSR projects focusing on livelihood, healthcare, education
  • Regulators: Regular compliance filings and reporting

Certifications and Awards

  • Great Place to Work certification
  • Best Net Zero Initiative recognition
  • Excellence in Environment Award
  • ISO 9001:2015, ISO 14001:2015, ISO 45001:2018 certifications

Future Targets

  • Achieve Net Zero greenhouse gas emissions by 2060
  • Zero Waste to Landfill for all manufacturing sites by 2030
  • Increase Renewable Energy Consumption to 80% by 2040
  • Reduce Fresh Water Consumption by 10% by 2030
  • 1000 tree plantations in 2026-27
  • Process Waste reduction 8.0%
  • Installation of 350 KW Solar roof top System