General Overview of the Arvind Mills Pvt. Ltd.The Textile Industry
The textile industry forms a very important part of the Indian economy. It was one of the earliest industries to come into existence. Textile production forms nearly 14% of the total industrial production and accounts for a 30% of the total exports and is the second largest employment generator after agriculture.
Talking about the competition being faced by Arvind Mills there are a total of 92 firms including Arvind Mills in this sector of textile manufacturing. Other major players in this sector are Cotton Corporation, Raymonds, Bombay Rayon etc.
The sector receives a total sale of 5717.73cr per year. The latest of this quarter shows a total sale of 960.97cr.
About the company
Arvind Mills ltd is a flagship enterprise of Lalbhai group and was incorporated in 1931 to manufacture cotton textile. It has been one of the leading players in manufacturing cotton products. The products included conventional suiting and shirting fabric till it moved to denim production in 1980. Currently Arvind Mills is the largest producer of denim fabric in the world.
The promoters
The chairperson and the promoter of the company is Mr. Arvind N. Lalbhai. He has been associated with the Company for over 60 years. He has been the Director since March 1974 and Managing Director since January 1975 till November 2002. The other permanent directors of the company are Mr. Sanjay S. Lalbhai(Managing Director) and Mr. Jayesh K. Shah(Director Finance). There are a total of 45 promoters of the company.
Total number of shares held by the promoters of the company is 71591251. They amount to a total of 34.19% of the total equity. The distribution of shares amongst the promoters was not available. Only info available was that 71319955(34.06%) shares are held by corporate bodies and only 271296(0.13%) shares are held by the individuals or the Hindu Undivided Family.
Products
Arvind Mills has registered its presence in the market with an array of local and international brands of readymade garments. It is one of the leading players in this sector of ready to wear clothing. The company in India has the right to market many international brands. Apart from that it also owns many popular Indian brands.
The list of the products sold by Arvind Mills Ltd in India is as follows –
International brands –
-Arrow
-Lee
-Flying machine
-Wrangler
-Nautica
-Jansport
-Kipling
The textile industry forms a very important part of the Indian economy. It was one of the earliest industries to come into existence. Textile production forms nearly 14% of the total industrial production and accounts for a 30% of the total exports and is the second largest employment generator after agriculture.
Talking about the competition being faced by Arvind Mills there are a total of 92 firms including Arvind Mills in this sector of textile manufacturing. Other major players in this sector are Cotton Corporation, Raymonds, Bombay Rayon etc.
The sector receives a total sale of 5717.73cr per year. The latest of this quarter shows a total sale of 960.97cr.
About the company
Arvind Mills ltd is a flagship enterprise of Lalbhai group and was incorporated in 1931 to manufacture cotton textile. It has been one of the leading players in manufacturing cotton products. The products included conventional suiting and shirting fabric till it moved to denim production in 1980. Currently Arvind Mills is the largest producer of denim fabric in the world.
The promoters
The chairperson and the promoter of the company is Mr. Arvind N. Lalbhai. He has been associated with the Company for over 60 years. He has been the Director since March 1974 and Managing Director since January 1975 till November 2002. The other permanent directors of the company are Mr. Sanjay S. Lalbhai(Managing Director) and Mr. Jayesh K. Shah(Director Finance). There are a total of 45 promoters of the company.
Total number of shares held by the promoters of the company is 71591251. They amount to a total of 34.19% of the total equity. The distribution of shares amongst the promoters was not available. Only info available was that 71319955(34.06%) shares are held by corporate bodies and only 271296(0.13%) shares are held by the individuals or the Hindu Undivided Family.
Products
Arvind Mills has registered its presence in the market with an array of local and international brands of readymade garments. It is one of the leading players in this sector of ready to wear clothing. The company in India has the right to market many international brands. Apart from that it also owns many popular Indian brands.
The list of the products sold by Arvind Mills Ltd in India is as follows –
International brands –
-Arrow
-Lee
-Flying machine
-Wrangler
-Nautica
-Jansport
-Kipling
Local brands –
-New port
-Ruggers
-Excalibre
-Ruf n tuf
Market share
The total sale which this sector gets is 5717.73cr. Out of the total yearly sales Arvind Mills has a sale of 68.35cr. The percentage market shared by the company is 1.19%.
Collaborations
Arvind Mills Ltd has a collaboration with West Point Stevens Inc. West Point Stevens is a U.S. based textile manufacturing company. The collaboration between this company and Arvind Mills is for the manufacture of Knitted fabric.
Recent news
Arvind Brands, the wholly-owned subsidiary of Arvind Mills has agreed to form a joint venture with VF Corporation of US for marketing the various brands owned by VF Corporation in India. In this joint venture coming into effect from September 01, 2006, Arvind Mills will hold 40% equity and VF Corporation will pay $ 33 million for the balance 60% equity in the new company. The new company formed will be called VF Arvind Brands. The existing business includes licenses from VF for Lee, Wrangler, Nautica, Jansport and Kipling brands. These brands currently held by Arvind Fashions will be transferred to this new company VF Arvind Brands.
The new company will be handling the designing, sourcing and marketing of the existing licensed brands and in the future may add a few more brands belonging to VF Corporation. The retailing and the stores infrastructure will continue to be held by Arvind. Darshan Mehta, currently President, Arvind Brands, will be CEO of the new company.
Details of listings
Arvind Mills is listed in the following stock exchanges –
-Ahmedabad
-Kolkata
-Luxemburg
-Bombay Stock Exchange
-National Stock Exchange
The BSE code for the company is 500101 and its BSE group is ‘A’. The NSE code for Arvind Mills is ‘ARVINDMILL’.
-Ruggers
-Excalibre
-Ruf n tuf
Market share
The total sale which this sector gets is 5717.73cr. Out of the total yearly sales Arvind Mills has a sale of 68.35cr. The percentage market shared by the company is 1.19%.
Collaborations
Arvind Mills Ltd has a collaboration with West Point Stevens Inc. West Point Stevens is a U.S. based textile manufacturing company. The collaboration between this company and Arvind Mills is for the manufacture of Knitted fabric.
Recent news
Arvind Brands, the wholly-owned subsidiary of Arvind Mills has agreed to form a joint venture with VF Corporation of US for marketing the various brands owned by VF Corporation in India. In this joint venture coming into effect from September 01, 2006, Arvind Mills will hold 40% equity and VF Corporation will pay $ 33 million for the balance 60% equity in the new company. The new company formed will be called VF Arvind Brands. The existing business includes licenses from VF for Lee, Wrangler, Nautica, Jansport and Kipling brands. These brands currently held by Arvind Fashions will be transferred to this new company VF Arvind Brands.
The new company will be handling the designing, sourcing and marketing of the existing licensed brands and in the future may add a few more brands belonging to VF Corporation. The retailing and the stores infrastructure will continue to be held by Arvind. Darshan Mehta, currently President, Arvind Brands, will be CEO of the new company.
Details of listings
Arvind Mills is listed in the following stock exchanges –
-Ahmedabad
-Kolkata
-Luxemburg
-Bombay Stock Exchange
-National Stock Exchange
The BSE code for the company is 500101 and its BSE group is ‘A’. The NSE code for Arvind Mills is ‘ARVINDMILL’.
-fahad jameel
1 comment:
Well written article.
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