What we do Acknit Industries Ltd manufactures and exports industrial safety gloves, leather products, and industrial garments, serving primarily export markets with ISO-certified facilities. |
Founded in 1,990 |
Market share Leading producer and exporter of seamless gloves in India with strong presence in European markets. |
Problem solved Providing high-quality industrial safety products that reduce workplace health risks and enhance worker safety globally. |
Top clients or who we serve B2B customers in industrial, safety, and garment sectors, exporting primarily to European countries. |
Key management Shri Krishan Saraf (MD), Deo Kishan Saraf (WTD), Abhishek Saraf (WTD). |
Our journey and innovations From seamless gloves manufacturing to diversifying into leather, garments, and power generation with advanced coating technologies. |
Where we operate Manufacturing in India’s Special Economic Zone with exports mainly to Europe. |
Top products or what we offer Seamless gloves (cotton, polyamide, kevlar), leather gloves, industrial garments, power generation services. |
Top brands Acknit Seamless Gloves (million pairs monthly capacity), Leather Gloves, Industrial Garments, Non-Conventional Safety Items. |
Raw materials needed Cotton, polyamide, synthetic yarns, leather, fabric materials for gloves and garments. |
Raw materials supplier Not specified in the data provided. |
Recurring vs cyclical contribution Revenue primarily from recurring B2B sales of gloves and garments; power generation is a smaller segment. |
Our industry position One of India’s leading glove exporters with diversified safety product range and recognized export house status. |
Financial highlights FY 2023-24 Revenue: ₹220.9 Cr; PAT: ₹8.55 Cr; Marginal revenue decline vs previous year; strong operational profits. |
Geographical revenue split Over 90% revenue from European exports; manufacturing primarily in Indian SEZ. |
Order book - |
Whats driving growth Consistent export demand, product diversification into garments and leather, steady industrial safety market. |
Our future plans Focus on expanding garment segment, improving power generation, and leveraging coating technologies. |
Our green promise Engagement in power generation via windmills contributing to sustainability efforts. |
Our people and values 191 employees with strong emphasis on ethics, transparency, and workplace safety policies. |
Key challenges ahead Global market fluctuations, raw material costs, and maintaining export competitiveness. |
Interesting facts Installed capacity over one million pairs gloves monthly; certified ISO 9001-2008; recognized export house. |
Risks and strategy Market and regulatory risks mitigated by product diversification and adherence to international standards. |
