What we do Aritas Vinyl Ltd manufactures synthetic and PVC-coated leather using Transfer Coating Technology, serving automotive, footwear, furnishing, and garment industries. |
Founded in 2,020 |
Market share Emerging player with growing production capacity of 7.8 million meters annually; expanding presence domestically and in exports. |
Problem solved Provides durable, economical, and low-maintenance alternatives to genuine leather for diverse industrial applications. |
Top clients or who we serve B2B customers across automotive seating, footwear, upholstery, garments, and accessories sectors. |
Key management Anilkumar Prakashchandra Agrawal (MD) leads with 33+ years industry experience, supported by a team including expert independent directors. |
Our journey and innovations Started in 2020; capacity doubled from 42 to 78 lakh meters per year by 2024; ISO 9001 certified; active in major trade fairs. |
Where we operate Primarily India with export sales contributing approximately 17% of revenue, targeting global markets including Europe. |
Top products or what we offer PU synthetic leather and PVC-coated leather fabrics with varied textures and colors for multiple industrial uses. |
Top brands - |
Raw materials needed Primarily polyester or cotton fabric coated with PVC and polyurethane for synthetic leather production. |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue mainly from production and sales of synthetic leather products; demand linked to automotive and footwear cycles. |
Our industry position Growing manufacturer with increasing capacity, competing in the expanding synthetic leather segment in India. |
Financial highlights FY2023 revenue Rs 97.67 crore, net profit Rs 4.13 crore; capacity expansion fueling growth. |
Geographical revenue split Domestic sales 83%, exports 17% approximately as of FY2023. |
Order book - |
Whats driving growth Increased capacity, rising demand for synthetic leather, product diversification and participation in international fairs. |
Our future plans Further capacity enhancement and broader market penetration post listing to capitalize on synthetic leather demand. |
Our green promise - |
Our people and values Led by experienced promoters with professional management; committed to quality and corporate governance. |
Key challenges ahead Market competition, raw material price volatility, and maintaining growth momentum in cyclic industries. |
Interesting facts Converted from private to public company in 2025; raised Rs 37.52 crore via IPO in 2026; ISO 9001 certified. |
Risks and strategy Mitigating raw material risks, expanding product range, strengthening distribution and export capabilities. |
