V. Sudhakar Chowdary: Difference between revisions

 

{{Awaiting input|the Managing Director's office|section=section|Date and place of birth, schooling and the institution from which he graduated do not appear in published sources.}}

Chowdary has said that his move from trading into manufacturing came from dissatisfaction with running "still a trading business". In 2005 he and a colleague were considering a steel venture, such as re-rolling or a blast furnace, when a chance meeting with a friend already in the textile industry turned them towards spinning. Policy changes of the time, such as the abolition of [[wikipedia:Excise|excise duty]], made the sector attractive. After a meeting in March 2005 they decided to go ahead within the month, and he dates the birth of Mohan Spintex to 7 April 2005.<ref name="tm2017" /> The company was incorporated on 11 May 2005.<ref name="zauba" /><ref name="ceomag" />

Commercial production began in October 2006 at [[Manufacturing units of Mohan Spintex#Unit 1, Vattigudipadu|Unit 1 in Vattigudipadu]] with 14,400 spindles.<ref name="tm2017" /><ref name="tm2022" /> He then expanded the company in phases: a second phase took Unit 1 to 30,000 spindles by April 2008, and a 40,000-spindle project proposed to its bankers in August 2009 was approved under the government's "mega project" scheme for investments above ₹100 crore, becoming [[Manufacturing units of Mohan Spintex#Unit 2, Remalle|Unit 2]].<ref name="tm2017" /> Explaining the later move into weaving, he said that "until and unless you reach the end of the finished product then your total system is not complete".<ref name="tm2017" />

 

In 2022 the company set revenue targets of ₹2,000 crore by 2025 and ₹5,000 crore by 2030, following investment of ₹400 crore between 2018 and 2020.<ref name="tm2022" /> In January 2026 ''The Textile Magazine'' reported that his children, V. Suhruth Chowdary and Keyura, had become involved in the company as directors, marking a generational transition with emphasis on digitalisation, analytics and modern management systems.<ref name="tmlegacy" /> The magazine quoted him as saying that "Mohan Spintex was not created merely to manufacture products; it was created to build trust".<ref name="tmlegacy" />

Chowdary has been active in India's [[wikipedia:Cooperative movement in India|cooperative movement]]. He served as Vice Chairman of KRIBHCO before being elected its Chairman in September 2025. Both top posts drew single nominations, and Chandra Pal Singh Yadav was elected Vice Chairman in the same election.<ref name="ruralvoice" /><ref name="indiancoop" />

* '''2016''' – Featured in the ''Trendsetters'' programme on TV5.<ref name="archive-tv5" />

* '''2017''' – Cover story in ''The Textile Magazine'' (February 2017), which described Mohan Spintex as "India's fastest growing textile manufacturer".<ref name="tm2017" />

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