Mohan Wiki

Mohan Spintex India Limited: Difference between revisions

← Older edit
VisualWikitext
Import from wiki-src
Import from wiki-src
 
(2 intermediate revisions by the same user not shown)
Line 8: Line 8:
| industry      = [[wikipedia:Textile industry in India|Textiles]]
| industry      = [[wikipedia:Textile industry in India|Textiles]]
| founded        = {{Start date and age|2005|05|11}}<ref name="zauba" />
| founded        = {{Start date and age|2005|05|11}}<ref name="zauba" />
| founder        = [[V. Sudhakar Chowdary]]
| founder        = [[V. Sudhakar Chowdary]]<br>[[Vallabhaneni Mohan Rao]] <small>(promoter)</small><ref name="infomerics2024" />
| hq_location    = [[wikipedia:Vijayawada|Vijayawada]], [[wikipedia:Andhra Pradesh|Andhra Pradesh]], India
| hq_location    = [[wikipedia:Vijayawada|Vijayawada]], [[wikipedia:Andhra Pradesh|Andhra Pradesh]], India
| num_locations  = Manufacturing units at [[Manufacturing units of Mohan Spintex#Unit 1, Vattigudipadu|Vattigudipadu]], [[Manufacturing units of Mohan Spintex#Unit 2, Remalle|Remalle]] and [[Manufacturing units of Mohan Spintex#Mallavalli|Mallavalli]]<ref name="tm2022" />
| num_locations  = 4 [[Manufacturing units of Mohan Spintex|manufacturing units]]: [[Manufacturing units of Mohan Spintex#Unit 1, Vattigudipadu|Vattigudipadu]], [[Manufacturing units of Mohan Spintex#Unit 2, Remalle|Remalle]] (2) and [[Manufacturing units of Mohan Spintex#Unit 4, Mallavalli|Mallavalli]]<ref name="infomerics2024" />
| area_served    = Worldwide
| area_served    = Worldwide
| key_people    = [[Vallabhaneni Mohan Rao]] <small>(Chairman)</small><br>[[V. Sudhakar Chowdary]] <small>(Managing Director)</small>
| key_people    = [[Vallabhaneni Mohan Rao]] <small>(Chairman)</small><br>[[V. Sudhakar Chowdary]] <small>(Managing Director)</small>
Line 17: Line 17:
| brands        = [[Astara (brand)|Astara]]
| brands        = [[Astara (brand)|Astara]]
| production    = 2,500+ tonnes of yarn per month<ref name="msilhome" />
| production    = 2,500+ tonnes of yarn per month<ref name="msilhome" />
| revenue        = {{nowrap|₹1,000+ [[wikipedia:Crore|crore]]}} (FY 2024–25)<ref name="tracxn" />
| revenue        = {{nowrap|₹905 [[wikipedia:Crore|crore]]}} (FY 2023–24)<ref name="care2025" />
| net_income    = {{nowrap|₹41 crore}} (FY 2023–24)<ref name="care2025" />
| num_employees  = ~5,500–6,000<ref name="tmlegacy" /><ref name="msilhome" />
| num_employees  = ~5,500–6,000<ref name="tmlegacy" /><ref name="msilhome" />
| cin            = U18100AP2005PLC046188
| cin            = U18100AP2005PLC046188
| subsidiaries  = Mohan International Inc. (US)<br>Mohan Mercantile India Pvt. Ltd.<br>Mohan Dwellings Pvt. Ltd.<br>Mohan Renewable Energy India Pvt. Ltd.<ref name="care2023" />
| website        = [https://www.mohanspintex.com mohanspintex.com]
| website        = [https://www.mohanspintex.com mohanspintex.com]
}}
}}
'''Mohan Spintex India Limited''' ('''MSIL''') is an Indian [[wikipedia:Vertical integration|vertically integrated]] textile manufacturer headquartered in [[wikipedia:Vijayawada|Vijayawada]], [[wikipedia:Andhra Pradesh|Andhra Pradesh]]. Founded in 2005 by [[V. Sudhakar Chowdary]], the company spins yarn, weaves and processes fabric, and makes finished home textiles such as sheet sets, duvet covers and quilts, all within its own facilities.<ref name="msilabout" /><ref name="tm2022" />
'''Mohan Spintex India Limited''' ('''MSIL''') is an Indian [[wikipedia:Vertical integration|vertically integrated]] textile manufacturer headquartered in [[wikipedia:Vijayawada|Vijayawada]], [[wikipedia:Andhra Pradesh|Andhra Pradesh]]. Founded in 2005 by [[V. Sudhakar Chowdary]] and promoted with his father, [[Vallabhaneni Mohan Rao]], the company spins yarn, weaves and processes fabric, and makes finished home textiles such as sheet sets, duvet covers and quilts, all within its own facilities.<ref name="msilabout" /><ref name="tm2022" />


MSIL began commercial production in October 2006 with 14,400 [[wikipedia:Spindle (textiles)|spindles]] at [[Manufacturing units of Mohan Spintex#Unit 1, Vattigudipadu|Unit 1 in Vattigudipadu]], and has since expanded to 1,21,488 spindles, 6,272 rotors, 4,800 [[Glossary of textile manufacturing terms#TFO|TFO]] drums and 324 [[wikipedia:Air-jet loom|air-jet looms]] across several units in [[wikipedia:Krishna district|Krishna district]].<ref name="tm2022" /><ref name="msilhome" /> Trade press describes it as the second-largest textile company in Andhra Pradesh.<ref name="tm2022" />
MSIL began commercial production in October 2006 with 14,400 [[wikipedia:Spindle (textiles)|spindles]] at [[Manufacturing units of Mohan Spintex#Unit 1, Vattigudipadu|Unit 1 in Vattigudipadu]], and has since expanded to 1,21,488 spindles, 6,272 rotors, 4,800 [[Glossary of textile manufacturing terms#TFO|TFO]] drums and 324 [[wikipedia:Air-jet loom|air-jet looms]] across several units in [[wikipedia:Krishna district|Krishna district]].<ref name="tm2022" /><ref name="msilhome" /> Trade press describes it as the second-largest textile company in Andhra Pradesh.<ref name="tm2022" />
Line 75: Line 77:
[[File:Astara store, Vijayawada.jpg|thumb|right|The Astara outlet in Vijayawada at its opening]]
[[File:Astara store, Vijayawada.jpg|thumb|right|The Astara outlet in Vijayawada at its opening]]
MSIL's products span 100% cotton and blended yarns, greige and finished fabric, and finished home textiles with thread counts of up to 1,400.<ref name="tm2022" /> The company launched the [[Astara (brand)|Astara]] brand for the Indian market and opened a retail outlet in Vijayawada.<ref name="tm2022" /><ref name="archive-astara" />
MSIL's products span 100% cotton and blended yarns, greige and finished fabric, and finished home textiles with thread counts of up to 1,400.<ref name="tm2022" /> The company launched the [[Astara (brand)|Astara]] brand for the Indian market and opened a retail outlet in Vijayawada.<ref name="tm2022" /><ref name="archive-astara" />
== Finances ==
The company is an unlisted public limited company. In 2022 it announced a target of ₹2,000 crore turnover by 2025, together with plans for an [[wikipedia:Initial public offering|initial public offering]].<ref name="tm2022jan" />
{| class="wikitable" style="text-align:right"
|+ Consolidated results (₹ crore)<ref name="care2023" /><ref name="care2025" />
! Financial year !! Total operating income !! PBILDT !! Profit after tax
|-
| style="text-align:left" | 2020–21 || 679.46 || 116.27 || 3.76
|-
| style="text-align:left" | 2021–22 || 1,072.81 || 198.36 || 45.30
|-
| style="text-align:left" | 2022–23 || 1,073.65 || 90.19 || 12.17
|-
| style="text-align:left" | 2023–24 || 905.30 || 161.28 || 40.93
|}
Revenue fell in 2023–24 while margins improved, as cotton prices stabilised.<ref name="care2025" /><ref name="infomerics2024" /> The company has four wholly owned subsidiaries: Mohan International Inc., a marketing office for export orders from the United States; Mohan Mercantile India; Mohan Dwellings; and Mohan Renewable Energy India. MSIL itself accounts for about 99% of group revenue.<ref name="care2023" />


== Markets ==
== Markets ==
Line 134: Line 153:
<ref name="tm2017">{{Ref tm2017}}</ref>
<ref name="tm2017">{{Ref tm2017}}</ref>
<ref name="suessen2017">{{Ref suessen2017}}</ref>
<ref name="suessen2017">{{Ref suessen2017}}</ref>
<ref name="care2023">{{Ref care2023}}</ref>
<ref name="care2025">{{Ref care2025}}</ref>
<ref name="infomerics2024">{{Ref infomerics2024}}</ref>
<ref name="tm2022jan">{{Ref tm2022jan}}</ref>
<ref name="zauba">{{Cite web |title=Mohan Spintex India Limited |url=https://www.zaubacorp.com/MOHAN-SPINTEX-INDIA-LIMITED-U18100AP2005PLC046188 |website=ZaubaCorp |publisher=Ministry of Corporate Affairs records |access-date=16 September 2026}}</ref>
<ref name="zauba">{{Cite web |title=Mohan Spintex India Limited |url=https://www.zaubacorp.com/MOHAN-SPINTEX-INDIA-LIMITED-U18100AP2005PLC046188 |website=ZaubaCorp |publisher=Ministry of Corporate Affairs records |access-date=16 September 2026}}</ref>
<ref name="tracxn">{{Cite web |title=Mohan Spintex India Limited – Company Profile & Financials |url=https://tracxn.com/d/legal-entities/india/mohan-spintex-india-limited/__FBHN9MEdb5C2KISROyMlvlDm3vBE8o4jg1euFoy6nrc |website=Tracxn |access-date=16 September 2026}}</ref>
<ref name="msilabout">{{Cite web |title=About Us |url=https://www.mohanspintex.com/about-us |website=Mohan Spintex India Limited |access-date=16 September 2026}}</ref>
<ref name="msilabout">{{Cite web |title=About Us |url=https://www.mohanspintex.com/about-us |website=Mohan Spintex India Limited |access-date=16 September 2026}}</ref>
<ref name="msilhome">{{Cite web |title=Mohan Spintex India Limited (MSIL) |url=https://www.mohanspintex.com/ |website=mohanspintex.com |access-date=16 September 2026}}</ref>
<ref name="msilhome">{{Cite web |title=Mohan Spintex India Limited (MSIL) |url=https://www.mohanspintex.com/ |website=mohanspintex.com |access-date=16 September 2026}}</ref>
Line 162: Line 184:
[[Category:Companies based in Vijayawada]]
[[Category:Companies based in Vijayawada]]
[[Category:Indian companies established in 2005]]
[[Category:Indian companies established in 2005]]
[[te:మోహన్ స్పింటెక్స్ ఇండియా లిమిటెడ్]]
Retrieved from "https://wiki.mohanspintex.com/wiki/Mohan_Spintex_India_Limited"