What we do Gangotri Textiles Ltd is a vertically integrated textile company engaged in recycling waste cotton, yarn spinning, weaving, processing, and manufacturing ready-made garments under brands like Tibre and Fugo. |
Founded in 1,989 |
Market share Once a significant player in textile manufacturing; currently inactive due to financial distress and asset liquidation. |
Problem solved Provides sustainable recycling of cotton waste and integrated textile manufacturing to meet garment demand efficiently. |
Top clients or who we serve B2B and B2C markets, focusing on cotton yarn and men's ready-made garments across India. |
Key management Manoj Kumar Tibrewal (Promoter and Managing Director) |
Our journey and innovations Started as cotton waste recycler in 1980s; expanded into open-end spinning, weaving, and garment manufacturing with flagship brands since 1992. |
Where we operate India, primarily in Coimbatore, Maharashtra, Dindigul, and Erode regions. |
Top products or what we offer Cotton yarn, elastic and specialty yarn, fabric, and men's ready-made garments under brands Tibre, Fugo, and E Gen. |
Top brands Tibre (iconic brand since 1992), Fugo (youth trousers/shirts), Lemon (ready to stitch cut bits). |
Raw materials needed Waste cotton, cotton fibers, synthetic yarns. |
Raw materials supplier - |
Recurring vs cyclical contribution Historically cyclical tied to textile market demand; no recent revenue due to halted operations. |
Our industry position Former moderate market presence in textile spinning and garment manufacturing now diminished after asset sell-off. |
Financial highlights Zero revenue and net loss of approximately INR 0.07 crores in FY2025; company is financially sick and insolvent. |
Geographical revenue split - |
Order book - |
Whats driving growth - |
Our future plans Currently no operational activity; in insolvency proceedings with no ongoing growth initiatives. |
Our green promise - |
Our people and values - |
Key challenges ahead Heavy debt burden exceeding INR 200 crores, asset liquidation, non-operational units, and suspension of stock trading. |
Interesting facts One of earliest Indian firms to integrate cotton waste recycling with garment manufacturing under own brands. |
Risks and strategy Company faces insolvency with no assets; pursuing resolution under National Company Law Tribunal. |
