Mohan Wiki

History of Mohan Spintex India Limited

The history of Mohan Spintex India Limited (MSIL) spans two decades, from a single spinning mill that began production in 2006 to a vertically integrated textile group with spinning, weaving, processing and home-textile operations across several sites in Krishna district, Andhra Pradesh.

Aerial view of an MSIL manufacturing campus

Founding (2005–2006)

The company was founded by V. Sudhakar Chowdary, who until then had run his family's fertiliser distribution business.[1] In 2005 he and a colleague were planning a steel venture when a meeting with a friend already in the textile industry led them to consider spinning instead. Government policy at the time, including the abolition of excise duty, favoured textiles. They met in March 2005, decided to proceed before the end of that month, and Chowdary dates the start of Mohan Spintex to 7 April 2005.[1] The company was incorporated on 11 May 2005 as a public limited company registered in Vijayawada.[2]

Commercial production began in October 2006 at Unit 1 in Vattigudipadu, with 14,400 spindles – twelve ring frames of 1,200 spindles each.[1][3] Lakshmi Machine Works (LMW) supplied the spinning machinery, from blowroom to ring frames, and went on to equip all three of the company's spinning projects.[4]

Expansion of spinning (2007–2013)

Unit 1, second phase

A foundation ceremony (bhoomi puja) for a second phase at Unit 1 was held in 2007,[5] the year in which Murata Machinery began supplying the company.[6] The phase added 15,600 spindles and was completed by April 2008, taking Unit 1 to 30,000 spindles. All 30,000 spindles were then converted to compact spinning within two years.[1]

Unit 2

In August 2009 the company proposed a 40,000-spindle unit to its bankers, who approved it in October 2009;[1] a foundation ceremony was held the same year.[7] Advised that projects of ₹100 crore and above qualified for a two-year moratorium under the government's "mega project" scheme, the company enlarged the plan with TFO twisting, open-end spinning and cotton ginning sections, and secured approval under that scheme. Civil work began in February 2010.[1]

CARE Ratings dates the start of commercial operations at Unit 2 to March 2011.[8] By January 2012 Unit 2 at Remalle was ready, with 44,064 combed spindles, 4,576 open-end rotors, 1,920 TFO drums and 36 gins;[1] it was inaugurated that year,[9] and operations were stabilised during 2012–13.[1]

Third project

In 2013 the company submitted a proposal for a further project to be built in two phases, of ₹181 crore and ₹95 crore. It was planned to include about 47,424 compact spindles, 156 looms, about 1,696 rotors, 2,880 TFO drums and an Uster testing laboratory.[1] The foundation for Unit 3, also at Remalle, was laid the same year; its first phase (38,304 spindles and 90 air-jet looms) began commercial operations in April 2015 and its second (9,120 spindles, 1,696 rotors, 2,880 TFO drums and 66 air-jet looms) in October 2016.[8][10] The looms marked the company's entry into weaving; Chowdary said that without reaching the finished product "your total system is not complete".[1]

In 2014 a machine inauguration ceremony was held for new spinning equipment.[11]

Integration and growth (2014–2022)

 
Air-jet weaving hall

Over this period MSIL extended from yarn into weaving, fabric processing and finished home textiles, completing its integration from fibre to finished product.[12] By early 2017 the company had grown to more than 125,000 spindles, over 6,000 rotors and over 125 air-jet looms, and employed about 2,800 people. It exported close to half of its output, to countries including Bangladesh, Pakistan, China and Europe, and was planning a fabric processing unit and a move into home textiles.[1][3] Unit 4 at Mallavalli was inaugurated in 2019, and its investment programme was completed in March 2020, adding fabric processing of 1,00,000 metres a day, raising weaving capacity to 90,000 metres a day and cut, make and trim capacity to 4,00,000 sets a month.[8] The home-textile brand Astara was launched in 2020.[13][14]

The company invested ₹400 crore between 2018 and 2020 and reported sales above ₹1,000 crore for the 2021–22 financial year, 80% domestic and 20% exported.[15] Revenue rose 58% to ₹1,072.81 crore in 2021–22, and the company set a target of ₹2,000 crore by 2025 with a planned stock-market listing.[8][16] In 2022 a 10.8 MW rooftop solar plant began generating power at Remalle in July[17] and a solar power project was inaugurated at Unit 2,[18] and the company hosted an audit by IKEA and a plant visit from the Italian linen maker Frette.[19][20]

Recent developments (2023–present)

 
Participants in the LEAD leadership programme, April 2026

In 2023 an IKEA team visited the company's facilities. Revenue fell to ₹905.30 crore in 2023–24, while profit after tax rose to ₹40.93 crore.[21][22] In 2025 the company opened Mohan's Sri Vijnana Vihara School,[23] and in September 2025 founder V. Sudhakar Chowdary was elected Chairman of KRIBHCO.[24]

In 2026 a foundation ceremony was held for a new corporate office;[25] the company ran its LEAD (Leadership Excellence & Development) programme;[26] and Union Textiles Minister Giriraj Singh visited the Mallavalli unit.[27] That January The Textile Magazine profiled the company in its Heimtextil 2026 special edition, reporting a workforce of over 5,500 and the involvement of the founder's children, V. Suhruth Chowdary and Keyura, as the next generation of leadership.[28]

Timeline

Year Event
2005 Decision to enter textiles (March); company founded (7 April) and incorporated (11 May)
2006 Commercial production begins at Unit 1, Vattigudipadu, with 14,400 spindles (October)
2007 Foundation laid for Phase II at Unit 1; association with Murata Machinery begins
2008 Phase II complete; Unit 1 reaches 30,000 spindles (April)
2009 40,000-spindle Unit 2 proposed (August) and approved by bankers (October); foundation laid
2010 Civil work begins on Unit 2 (February)
2011 Unit 2 begins commercial operations (March)
2012 Unit 2, Remalle, ready (January) and inaugurated, with 44,064 spindles, 4,576 rotors, 1,920 TFO drums and 36 gins
2013 Two-phase project of ₹181 crore and ₹95 crore proposed, including the first looms; foundation laid for Unit 3
2015 Unit 3, Remalle, phase 1 begins commercial operations, with the first air-jet looms (April)
2016 Unit 3 phase 2 begins commercial operations (October)
2017 Over 125,000 spindles and 125 air-jet looms; about 2,800 employees; cover story in The Textile Magazine
2019 Unit 4, Mallavalli, inaugurated
2020 Unit 4 investment complete, adding processing and expanded cut, make and trim (March); Astara brand launched
2022 Solar power project inaugurated at Unit 2; sales above ₹1,000 crore (FY 2021–22)
2025 Mohan's Sri Vijnana Vihara School opens; founder elected Chairman of KRIBHCO
2026 Foundation laid for new corporate office; LEAD leadership programme; Union Textiles Minister visits Mallavalli
!
This article contains figures compiled from public sources that have not yet been confirmed by the Managing Director's office. Please confirm them before use in tenders, audits or external communication. (September 2026)

Several dates above are taken from the titles of albums in the MSIL Digital Archive, and figures for 2005–2017 are as reported by the Managing Director to The Textile Magazine in 2017. Exact dates of commissioning, and the years in which weaving, processing and home-textile production began, should be confirmed from company records.

References

  1. ↑ 1.00 1.01 1.02 1.03 1.04 1.05 1.06 1.07 1.08 1.09 1.10 Gopalakrishnan, K.; Prabhakar, M. K. (February 2017). "Mohan Spintex: India's fastest growing textile manufacturer". The Textile Magazine. Vol. 58 no. 4. pp. 50–58. – via MSIL Digital Archive. Retrieved 16 September 2026.
  2. ↑ "Mohan Spintex India Limited". ZaubaCorp. Ministry of Corporate Affairs records. Retrieved 16 September 2026.
  3. ↑ 3.0 3.1 Stahlecker, Peter (February 2017). "Suessen all praise for Mohan Spintex". The Textile Magazine. Vol. 58 no. 4. pp. 56. – via MSIL Digital Archive. Retrieved 16 September 2026.
  4. ↑ Jayavarthanavelu, Sanjay (February 2017). "LMW's exceptional association with Mohan Spintex". The Textile Magazine. Vol. 58 no. 4. pp. 52. – via MSIL Digital Archive. Retrieved 16 September 2026.
  5. ↑ "Phase II Bhoomi Puja, Unit 1, 2007". MSIL Digital Archive. Mohan Spintex India Limited. Retrieved 16 September 2026.
  6. ↑ (February 2017). "Murata's decade-long relationship". The Textile Magazine. Vol. 58 no. 4. pp. 54. – via MSIL Digital Archive. Retrieved 16 September 2026.
  7. ↑ "Bhoomi Puja, Unit 2, 2009". MSIL Digital Archive. Mohan Spintex India Limited. Retrieved 16 September 2026.
  8. ↑ 8.0 8.1 8.2 8.3 (16 February 2023). "Press Release: Mohan Spintex India Limited". CARE Ratings. Retrieved 16 September 2026.
  9. ↑ "Inauguration of Unit 2, 2012". MSIL Digital Archive. Mohan Spintex India Limited. Retrieved 16 September 2026.
  10. ↑ "Bhoomi Puja, Unit 3, 2013". MSIL Digital Archive. Mohan Spintex India Limited. Retrieved 16 September 2026.
  11. ↑ "Spinning: Machine Inauguration Puja, 2014". MSIL Digital Archive. Mohan Spintex India Limited. Retrieved 16 September 2026.
  12. ↑ "About Us". Mohan Spintex India Limited. Retrieved 16 September 2026.
  13. ↑ "ASTARA Franchise". Franchise India. Retrieved 16 September 2026.
  14. ↑ "Mallavalli Inauguration, 2019". MSIL Digital Archive. Mohan Spintex India Limited. Retrieved 16 September 2026.
  15. ↑ (21 June 2022). "Mohan Spintex – India's fastest growing textile manufacturer". The Textile Magazine. Retrieved 16 September 2026.
  16. ↑ (5 January 2022). "Mohan Spintex: India's fastest growing textile company". The Textile Magazine. Retrieved 16 September 2026.
  17. ↑ (30 July 2024). "Mohan Spintex India Limited: Ratings". Infomerics Valuation and Rating. Retrieved 16 September 2026.
  18. ↑ "Solar Power Project Inauguration, Unit 2, 2022". MSIL Digital Archive. Mohan Spintex India Limited. Retrieved 16 September 2026.
  19. ↑ "IKEA Audit, 2022". MSIL Digital Archive. Mohan Spintex India Limited. Retrieved 16 September 2026.
  20. ↑ "Plant Visit: Frette, Italy, 2022". MSIL Digital Archive. Mohan Spintex India Limited. Retrieved 16 September 2026.
  21. ↑ (9 April 2025). "Press Release: Mohan Spintex India Limited (Revised)". CARE Ratings. Retrieved 16 September 2026.
  22. ↑ "IKEA Team Visit, 2023". MSIL Digital Archive. Mohan Spintex India Limited. Retrieved 16 September 2026.
  23. ↑ "Mohan's Sri Vijnana Vihara School: Opening Ceremony, 2025". MSIL Digital Archive. Mohan Spintex India Limited. Retrieved 16 September 2026.
  24. ↑ "KRIBHCO Elects V. Sudhakar Chowdary Chairman, Dr. Chandrapal Singh Vice Chairman". Rural Voice. Retrieved 16 September 2026.
  25. ↑ "MSIL Corporate Office Bhoomi Puja, 2026". MSIL Digital Archive. Mohan Spintex India Limited. Retrieved 16 September 2026.
  26. ↑ "LEAD Program 2026 – Leadership Excellence & Development". MSIL Digital Archive. Mohan Spintex India Limited. Retrieved 16 September 2026.
  27. ↑ "Union Textiles Minister Shri Giriraj Singh Visit to Mallavalli Unit, 2026". MSIL Digital Archive. Mohan Spintex India Limited. Retrieved 16 September 2026.
  28. ↑ Gopalakrishnan, K. (January 2026). "Mohan Spintex India: Threads of Legacy, Sustainability and a Future-Ready Vision". The Textile Magazine. Heimtextil 2026 special edition. pp. 46–48. – via MSIL Digital Archive. Retrieved 16 September 2026.
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