What we do Akshar Spintex Ltd manufactures 100% cotton yarn including combed, semi-combed, and carded varieties, catering primarily to textile industries from Gujarat, India. |
Founded in 2,013 |
Market share Operates with a medium scale presence focused on supplying cotton yarn in Gujarat’s rich cotton-growing region; specific market share data unavailable. |
Problem solved Provides quality cotton yarn to textile manufacturers addressing supply needs in the domestic cotton textile sector. |
Top clients or who we serve Serves textile manufacturers and related businesses; primarily a B2B supplier within India's cotton yarn industry. |
Key management Harikrushna Shamjibhai Chauhan (Chairman & Whole Time Director) |
Our journey and innovations Incorporated in 2013; became public in 2018; developed a 24,480 spindle facility with 6000 MT annual capacity. |
Where we operate Manufacturing facility in Gujarat, serving primarily Indian textile markets. |
Top products or what we offer 100% cotton yarn including combed, semi combed, and carded yarn variants. |
Top brands - |
Raw materials needed Raw cotton sourced regionally. |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue is cyclical, influenced by cotton availability and textile demand cycles. |
Our industry position Mid-tier cotton yarn manufacturer with a localized production base near Gujarat’s cotton belt. |
Financial highlights FY 2024-25 Revenue Rs.117 Cr; Net Loss Rs.4.45 Cr; revenue declined 33% from prior year. |
Geographical revenue split - |
Order book - |
Whats driving growth Focus on operational efficiency, strategic corrective measures to enhance profitability and expand market footprint. |
Our future plans Plans to improve operational efficiency, optimize costs, and explore new revenue streams. |
Our green promise Committed to energy conservation and sustainable practices to reduce carbon footprint. |
Our people and values Board comprises six directors with a mix of executive and independent members emphasizing governance and compliance. |
Key challenges ahead Financial losses, competitive textile market pressures, and need for strategic restructuring. |
Interesting facts Successfully completed a large rights issue in 2024 strengthening capital base; extensive board evaluations ensure corporate governance. |
Risks and strategy Facing financial challenges mitigated by cost control, facility optimization, and leadership restructuring. |
