The Indian textile industry is a rich tapestry made from strands of history, innovation, and economic significance. This sector, known across the world for its rich tradition and beautiful craftsmanship, has long been an important component of India’s cultural and economic landscape.
From the intricate handloom textiles of Varanasi to the vivid designs of Jaipur and the rich silks of Kanchipuram, each area of India adds its own distinct style to the country’s vast textile tapestry.
Beyond its cultural significance, the Indian textile industry is critical to the country’s economy, employing millions of people and contributing considerably to exports.
As the sector grows to include sustainability, technology, and global trends, it remains a symbol of India’s fortitude, innovation, and entrepreneurial drive. In this blog we will diiscuss about top textile companies in India in detail. Let’s dive in!
Historical Growth of the Textile Industry of India
The Indian textile industry represents centuries of creativity, craftsmanship, and cultural legacy. India, whose roots may be traced back to ancient civilizations along the Indus Valley, has long been a worldwide textile production powerhouse.
Historically, Indian textiles were treasured commodities sought after by traders from faraway regions, resulting in thriving trade networks that linked India to the rest of the globe.
The industry expanded significantly during the colonial period, when British colonialism introduced mechanical manufacturing processes and established mills around the country.
However, India’s textile legacy has endured, combining ancient handloom processes with new advancements. Following independence, the Indian government enacted initiatives to boost the industry’s growth, including the construction of textile parks, clusters, and export promotion programs.
Today, the Indian textile industry is one of the world’s largest, producing a wide range of items, from traditional handwoven saris to sophisticated garments and technology fabrics. Selecting one of the listed textile company in india could be little bit difficult.
Economic Growth of the Textile Industry of India
In 2021, the Indian textile sector expanded significantly compared to the previous year, however it has yet to fully restore its pre-Covid velocity.
The Annual 2022 Edition of the Indian Textile Journal (ITJ) features India’s Top 50 Performers of 2021, highlighting the main enterprises driving this development trajectory. This year, ITJ divided these firms into two categories: the “Large Category,” which includes companies with revenues greater than Rs 500 crore, and the “Small Category,” which includes companies with sales between Rs 100 crore and Rs 500 crore.
To generate the rankings, over 125 listed organizations were thoroughly reviewed and analyzed utilizing a methodical, unbiased, and process-oriented methodology.
Dive further into the story to learn about Best 10 textile company in india.
List Of Top 10 Textile Companies in India
1. Axita Cotton
Axita Cotton specializes in ginning and pressing seed cotton, resulting in high-quality cotton bales and seeds. Based in Kadi, Gujarat, the firm overcame the hurdles provided by the COVID-19 epidemic and achieved new heights in fiscal year 2020-21. Its goods enjoyed strong demand both domestically and abroad, which boosted the company’s financial success.
Revenue from operations increased to Rs 618.79 crore, a huge increase from the previous year’s Rs 484.41 crore, resulting in a remarkable Profit after Taxation of Rs 3.73 crore, up from Rs 0.35 crore the year before.
Axita Cotton owes its increasing profitability to higher global and domestic demand, and it remains hopeful about the future. With a focus on innovative product development, growing worldwide demand for cotton, excellent economic conditions, government assistance, and innovations in farming practices, the firm is well-positioned to capitalize on upcoming prospects.
Axita Cotton embraces the changing business landscape and is confident in its capacity to capitalize on these developments for long-term growth, bolstered by a good global economic outlook.
Company Details:
- Company Website: https://axitacotton.com/
- Location: Gujarat
- Established in the year: 2013
2. Nahar Spinning Mills Ltd
Nahar Spinning Mills Limited manufactures and exports cotton, synthetic, and mixed yarns, as well as knitted clothing, with a focus on high-quality, value-added goods for worldwide markets.
The firm operates spinning operations in Ludhiana, Sangrur (Punjab), and Madideep (Madhya Pradesh), with a current spindlage capacity of about 5.38 lakh spindles and 1080 rotors, making it a major participant in India’s integrated textile landscape.
Despite encountering extraordinary obstacles in the textile sector during the stormy year of 2020-21 caused by the COVID-19 epidemic, Nahar Spinning Mills continued to operate.
The firm reported a total operating income of Rs 2118.83 crores, with exports increasing by 3.55% to Rs 1146.34 crores. Notably, the firm turned its fortunes in terms of profitability, generating a profit before tax of Rs 53.53 crores, a significant improvement over the previous year’s loss. Nahar Spinning Mills predicts enormous development and hopes to contribute to India’s rise as a worldwide textile powerhouse.
Committed to being competitive, the organization maintains its modernization, expansion, and quality improvement projects. Nahar Spinning Mills has secured its place as one of India’s leading makers and exporters of cotton yarn, thanks to visionary management and natural cost and quality advantages.
Company Details:
- Website: http://www.owmnahar.com/
- Location: Ludhiana
- Established in the year: 1980
3. JCT Ltd
JCT Ltd specializes in the production of cotton textiles, synthetic fabrics, and nylon filament yarn. Operating at suboptimal levels throughout the first two quarters due to lockdowns, the firm shifted its operations by winning an order from HLL Lifecare to manufacture PPE suits, allowing optimal usage of its synthetic and garment capacity in the first quarter of 2020-21.
Despite confronting cash limitations and supply chain interruptions, as well as strategic workforce downsizing and other measures, JCT Ltd managed to generate a net profit of Rs 15.72 crore.
However, the firm encountered margin pressure due to higher liquidity and interest rates than sector rivals, with finance charges totaling Rs 46.01 crores in the current fiscal year.
Notably, JCT Ltd reported an operational EBIDTA of Rs 76.30 crores, a considerable increase from Rs 28.80 crores the prior year. Looking ahead, the firm intends to strengthen its textile unit by boosting garment and weaving capacities, as well as dyeing capacity, in order to improve weaving and processing capabilities.
Furthermore, the Filament Unit intends to develop new products for a wide range of end users, expand conventional and dope dyed yarn production for both domestic and export markets, and increase production capacity for Mono, HOY/FDY, and CRIMP/DYED to increase market share domestically and internationally. The company’s strategic efforts also include the launch of IDY goods.
Company Details:
- Website: https://www.jct.co.in/
- Location: West Bengal
- Established in the year: 1946
4. Nitin Spinners Ltd
Nitin Spinners has expanded their activities throughout the years to include open-end yarns, ring-spun yarns, mixed yarns, knitted textiles, and completed woven fabrics.
The firm, based in Bhilwara, Rajasthan, uses cutting-edge technology supplied from leading European and global manufacturers. Furthermore, Nitin Spinners has created a complete textile project in Chittorgarh, Rajasthan, which specializes in the production of cotton, mixed yarns, and gray and finished woven textiles.
With an outstanding installed capacity of 3,00,048 spindles and 3,488 rotors, the enterprise produces 72,000 tons of yarn each year.
Furthermore, it runs 63 Knitting Machines, which produce 8,500 tons of knitted textiles each year, as well as 168 looms and dyeing, printing, and finishing facilities, allowing it to produce around 300 lakh meters of fabrics each year.
Despite the obstacles created by the global pandemic, Nitin Spinners had a stunning 13% gain in revenue and a startling 189% increase in profit in 2020-21. Revenue from operations increased to Rs 1,624.41 crore from Rs 1,438.06 crore the previous fiscal year, with profits of Rs 68.87 crore vs Rs 23.82 crore.
Nitin Spinners is always aiming for excellence in textile production and intends to further combine its operations through forward and vertical integration projects.
Notably, the company’s export turnover topped Rs 1,000 crore in 2020-21, with exports accounting for more than 63% of its total revenue across 50 nations. Nitin Spinners continues to drive innovation and growth in the textile sector by focusing on generating value-added and sustainable goods for the international market.
Company Details:
- Website: https://nitinspinners.com/
- Location: Rajasthan
- Established in the year: 1992
5. Lux Industries Ltd
Lux Industries is India’s largest mid-segment hosiery firm, and it has established itself as a market leader in the branded innerwear area.
With seven cutting-edge production facilities strategically positioned throughout India, the firm has a total ability to produce 30 crore garment items each year.
These facilities are located at Dankuni, Srijan Logistic Park in Dhulagarh, Sankrail Industrial Park (West Bengal), Tiruppur and Avinashi (Tamil Nadu), Ludhiana (Punjab), and Ghaziabad (Uttar Pradesh).
Lux Industries’ aggregate sales in FY 2020-21 were Rs 1964.86 crore, up significantly from Rs 1674.18 crore the previous fiscal year, owing to the merger impact and organic company expansion.
During the same time period, the company’s net profit increased by 51.98%, owing to greater capital efficiency, value-accretive mergers, and better performance.
Innerwear is one of the fastest-growing fashion categories in India, with a market value of Rs 32,000 crore, accounting for 9% of the overall domestic fashion retail industry.
Lux Industries capitalized on this trend by launching One8, which increased its premium brand visibility and contributed 11.73% of overall sales in FY 2020-21.
Company Details:
- Website: https://www.luxinnerwear.com/
- Location: Kolkata
- Established in the year: 1957
6. DCM Nouvelle Ltd
DCM Nouvelle Limited is a renowned manufacturer and supplier of 100% cotton carded and combed yarns in single and two-ply formats, with counts ranging from Ne 12s to 40s. Operating from Hisar, the firm has a spindle capacity of 1,15,048, resulting in about 2500 MT of monthly output.
DCM Nouvelle produces perfect 100% cotton yarns using cutting-edge spinning technology and quality assurance tools from renowned manufacturers. Through the introduction of value-added goods, premium brands, and sustainability certifications, the firm has established itself as a dependable provider of quality yarn for fine clothes, winning recognition in both local and international markets and exporting to over 30 countries.
Despite the hurdles provided by the Covid-19 epidemic, DCM Nouvelle took proactive steps to weather the storm, resulting in increased performance.
Although the company’s turnover fell to Rs 557.06 crores from Rs 580.28 crores the previous year due to the national lockdown, its operating profit increased significantly in the second half of the fiscal year as the Covid-19 impact faded.
DCM Nouvelle declared a total profit after tax (including OCI) of Rs 30.53 crores for the current fiscal year, a significant rise from Rs 4.34 crores the previous year.
Profit Before Tax (PBT) increased to Rs 41.01 crore in fiscal year 2020-21 from Rs 6.56 crore in 2019-20, owing to better cotton yarn realization and a reduced cotton consumption rate.
Company Details:
- Website: https://www.dcmnvl.com/
- Location: Haryana
- Established in the year: 1991
7. Maral Overseas Ltd
Maral Overseas Ltd, a member of the prestigious LNJ Bhilwara Group, is one of top textile companies in India, operating across the full textile value chain.
Maral has a wide portfolio that includes the production of cotton and mixed yarn, knitted textiles, processed fabrics, and readymade garments, ensuring a comprehensive presence across the textile ecosystem.
Sarovar’s fully integrated dye plant, which includes yarn dying capabilities, demonstrates the company’s dedication to quality and innovation. Maral operates two ultramodern facilities that manufacture 1,700 tons of gray yarn, 250 tons of dyed yarn, 700 tons of knitted fabric, and 500,000 outfits every month. The company is constantly evolving to broaden and improve its product offers.
The Maral Sarovar plant and garment manufacturers in Noida are strategically placed in Central India’s cotton heartland and are supported by captive power units.
They serve both domestic and international markets. Despite a small fall in revenue to Rs 632.02 crore in 2020-21 due to lockdowns during the early phases of the Covid-19 epidemic, Maral Overseas displayed resiliency, turning a loss of Rs 15.28 crore in FY20 into a profit of Rs 12.53 crore in FY21.
Maral Overseas is primed for development, with plans to spend Rs 10 crore in a cutting-edge garmenting factory that would begin operations in FY22. This strategic investment is projected to be a significant development driver for the organization.
Furthermore, Maral is dedicated to increasing its investments in verticals, committing around Rs 50 crore this year. Notably, a new garmenting facility began operations in FY22, and efforts are ongoing to upgrade old equipment in the yarn and fabric verticals.
Furthermore, the business intends to improve productivity and product quality by investing in cutting-edge automation solutions for its garment unit and redesigning its product development cell for the textile vertical. These projects demonstrate Maral’s persistent dedication to customer-centric innovation and success in the global textile industry.
Company Details:
- Website: https://www.maraloverseas.com/
- Location: Noida
- Established in the year: 1989
8. Sportking India Ltd
Sportking India is a major operator in the textile business, with production facilities in Ludhiana and Bathinda that produce cotton, synthetic, and mixed yarns.
The firm saw an increase in demand for knitted/casual wear items in the domestic market, driven by many professionals’ migration to remote work.
Furthermore, the export market saw increasing demand for yarn as a result of limitations on importing cotton yarn from China, which were fueled by concerns about human rights violations in Xinjiang Province. As a result, yarn prices improved.
Sportking India experienced significant growth in FY 2020-21, with Earnings before Depreciation, Interest, Tax, and Amortization (EBIDTA) reaching Rs 230 crore, resulting in an impressive EBIDTA/Sales ratio of 17.61%, up from Rs 139.15 crore and 10.26% respectively in the previous fiscal year, representing a 65.29% increase.
This increase was largely due to lower raw material prices and greater sales realization in the second half of FY 2020-21, which somewhat offset decreases in sales realization in the first half.
Furthermore, the company was able to reduce interest costs to Rs 38.33 crore from Rs 57.53 crore the previous year, owing to lower utilization of working capital limits, term loan repayments, and lower benchmark Libor Interest Rates for credit facilities in foreign currency since March/April 2020 due to the Covid-19 pandemic.
Sportking India is also boosting its capacity by 15% with a brownfield expansion of its Bathinda facility. This expansion, supported by internal accruals and term debt within permissible limits, is projected to be largely operational in the first quarter of fiscal year 2022-23.
Company Details:
- Website: https://sportking.co.in/
- Location: Ludhiana
- Established in the year: 1977
9. PDS Multinational Fashions Ltd
PDS Multinational Fashions Limited (PDS) is a dynamic platform designed specifically for fashion industry entrepreneurs globally.
By cooperating with PDS, these entrepreneurs may smoothly integrate into our creative business strategy, utilizing the acclaimed PDS brand to serve some of the world’s most well-known fashion brands and retail outlets.
PDS, a design-centric sourcing, manufacturing, and supply chain platform, operates in 22 countries with 50 offices and a strong team of over 3,000 professionals, as well as 5,000 associates and factory workers.
PDS serves over 190 prominent worldwide brands and retailers, shipping around 1 million garments daily from 130 manufacturing lines scattered across Bangladesh, Sri Lanka, and India, with a yearly production capacity of approximately 36 million.
Despite the constraints provided by COVID-19, PDS generated an income of Rs 6,213 crores while maintaining gross margins of 16.5%. Notably, the firm successfully decreased operational expenditures by 13% year on year while properly managing working capital, lowering net working capital days from 10 to 5 in March 2021.
Profit after tax increased by 83% from Rs 81 crores in FY 2019-20 to Rs 148 crores in FY 2020-21, with a net profit margin of 2.4%, up from 1.2%.
Looking ahead, PDS targets geographic development, focusing on major regions such as the United States, where it is strengthening its staff through the Group network to better service clients.
Furthermore, PDS intends to strengthen its presence in Australia, New Zealand, and Scandinavian nations by deploying skilled and competent teams to generate success in these markets.
With a strong emphasis on consumer connection, PDS is expanding into new categories like home fashion and active wear across all continents, cementing its position as a worldwide clothing industry leader.
Company Details:
- Website: https://www.pdsmultinational.com
- Location: Haryana
- Established in the year: 1998
10. Ambika Cotton Mills Ltd
Ambika Cotton Mills is another best textile company in India which is specializes in the production of cotton yarn and knitted garments, with raw cotton as the primary input raw material.
In fiscal year 2020-21, the company recorded a total income and gross profit of Rs 633.69 crore and Rs 119.33 crore, respectively, representing a modest growth of 1.58% in total income compared to a 5.04% decline in the previous year, and a robust growth of 23.37% in gross profit compared to a 16.39% decline the year before.
Despite a little decrease in direct export revenue to Rs 420.87 crore, or 68.45% of total turnover, the firm remains financially strong, spending Rs 21.97 crore from internal accruals in factory development and equipment and machinery, with no long-term debt.
Ambika Cotton Mills’ specialized cotton yarn continues to be in high demand, allowing it to establish specific markets for its products, while the greater choice of items in the knitting segment has made it easier to enter new markets.
The firm is dedicated to improving its manufacturing capabilities through modernization, the installation of balancing equipment, and process improvement.
Notably, the opening of a new Stenter facility for the knitting division demonstrates the company’s commitment to sustaining its operations and guaranteeing long-term profitability.
Company Details:
- Website: https://www.acmills.in/
- Location: Coimbatore
- Established in the year: 1988
Conclusion
Throughout history, the Indian textile industry has been a shining example of achievement, and its future looks bright.
With a centuries-long history, India is well-known for its vivid textiles and meticulous craftsmanship. Textiles have played an important role in India’s cultural and economic identity, from ancient civilizations on the banks of the Indus River to the magnificent fabrics of the Mughal Empire.
Over time, the industry has grown greatly, incorporating contemporary technologies and inventive procedures while retaining its traditional craftsmanship.
Today, India is a worldwide textile powerhouse, producing a varied range of textiles for both home and international markets.
With a competent workforce, ample raw resources, and supporting government regulations, India’s textile industry is positioned for continuing expansion and success in the coming years, strengthening its position as a worldwide textile leader. Above blog will help you get about top Textile Companies In India.
FAQs
The small scale textile companies in India are as follows:
- Maris Spinners Ltd
- Raghuvir Synthetics Ltd
- Akshar Spintex Ltd
- Salona Cotspin Ltd
- Shiva Mills Ltd
The following are the government schemes for the Textile Industry of India:
- PM MITRA: Pradhan Mantri Mega Integrated Textile Region and Apparel
- Production-Linked Incentive (PLI) Scheme
- Samarth Initiative
- National Technical Textiles Mission (NTTM)
The best places to start a textile industry in India are the following:
- Maharashtra
- Gujrat
- Kolkata
- Jaipur
- Surat
Textile companies in India produce a wide range of textiles including cotton, silk, wool, synthetic fibers, and blended fabrics for various industries such as fashion, home furnishings, and technical textiles.
Many textile companies in India have adopted sustainable practices such as using organic materials, reducing water consumption, and implementing eco-friendly production processes to minimize their environmental impact.
