The textile industry in India is one of the country's oldest industries. The textile and apparel industry in India is the second largest employment generator after agriculture, employing 45 million people directly and another 100 million in affiliated sectors. With a value of USD 37.11 billion, India's textile business is also the world's fifth largest exporter. It makes for 2.3 percent of India's GDP, 13 percent of industrial production, and 12 percent of export revenues. The Textile and Apparel market in India was estimated at USD 75 billion in 2020-21, and it is expected to rise at a CAGR of 10% to USD 190 billion by 2025-26.
Today, we will discuss about some of the major textile companies in India.
Table of Content
10 Textile Companies in India
Arvind Limited
Arvind Ltd was established in 1931. Ahmedabad is the company's headquarters. Knits, retail, woven, telecom, advanced material, agri-business, and other products are available from the corporation. Through its statewide retail network, the company owns brands such as Flying Machine, Newport, and Excalibur, as well as licensing foreign brands such as Arrow and Tommy Hilfiger. It is one of India's Top 10 Textile Companies.
Bombay Dyeing
It is one of India's Top 10 Textile Companies. The Bombay Dyeing and Manufacturing Company Ltd was founded in 1879 and is based in Mumbai, India. Polyester Staple Fiber and Retail- Textile are the company's main businesses. The firm is noted for its ground-breaking designs and high-quality goods.
Bombay Rayon Fashions
Bombay Rayon Fashions Ltd is one of India's most well-known textile enterprises. It sells a variety of fabrics, including Lycra, Wool, Tencel, and Polyester. It has a large capacity for fabric production. It is an Indian textile enterprise that is quickly expanding.
Fabindia
John Bissell founded Fabindia in the year 1960. The company's headquarters are in New Delhi, India. It now has locations all over the United States. By procuring products from Indian villages, the company is also boosting rural jobs. In India, it has also established a profitable retail company. It is one of India's Top 10 Textile Companies.
Grasim Industries
The world's leading manufacturer of viscose rayon fiber is Grasim Industries Ltd. The organization was founded in 1947 and is based in Mumbai, Maharashtra. It makes viscose filament yarn and viscose staple fiber. It is the largest private sector corporation and is part of the Aditya Birla Group. It is one of India's Top 10 Textile Companies. It supplies fabric to worldwide fashion houses in the United States and the United Kingdom for the production of clothes.
JCT Limited
JCT Ltd was established in 1946. Textiles and man-made fibers are produced by the company (nylon filament yarns). Textiles and Filament yarn are the two segments in which the company operates. Cloth and yarn are two products that fall within the Textile category. Nylon yarn and chips are among the products included in the Filament section. The textile manufacturing facilities of the company are in Punjab's Phagwara. It is one of India's Top 10 Textile Companies.
Karnataka Silk Industries
The city of Mysore is well-known for its diverse cultural legacy. It generates silk of exceptional quality. KSIC was created specifically to promote silk as a cultural heritage. It has been producing high-quality silk for many years and distributes it throughout India. It produces high-quality silk that is admired throughout India. Silk Dhoti, Men's Tie, Salwar Kameez, Silk Sarees, Kurta, and more items are among the company's offerings.
Raymond Limited
Raymond Ltd was established in 1925. The company's headquarters are in Mumbai, India. Fabrics, clothes, designer apparel, denim, and other items are among the products it produces. It is one of India's most well-known fabric brands. Raymond opened retail stores all over India, as well as in other countries. It is one of India's Top 10 Textile Companies.
Lakshmi Mills
G. Kuppuswami Naidu established the Lakshmi Mills Company in 1910. The company's headquarters are in Coimbatore, Tamil Nadu. Textile yarn, textile clothing, weaving, and spinning are only a few of the things available. Laksmi Machine Works is its parent firm. It is one of India's Top 10 Textile Companies.
Vardhaman Group
Vardhman Group is an Indian textile conglomerate situated in Ludhiana, Punjab. Lala Rattan Chand Oswal founded the Vardhman Group in 1965. Yarn, Greige, and Processed textiles, Sewing Thread, Acrylic fiber, and Alloy steel are all manufactured and traded by the company. Vardhman Spinning & General Mills, a subsidiary of Vardhman Group, was founded in 1962. (VSGML).
Conclusion
While these were some of the top textile companies in India, there are many other leading players like Welspun India, Page industries etc. Investing in the textile industry can be a good investment option because the textile sector is dominated by the decentralized power looms/hosiery and knitting sector. India's textile sector has the capacity to create a wide range of products appropriate for a variety of market segments, both domestically and internationally.
Happy Investing!
