Mohan Spintex India Limited: Difference between revisions
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| 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 | | 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> | ||
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| 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| | | 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" /> | ||
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[[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 == | ||
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<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="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> | ||