What we do Garware Technical Fibres Ltd is a leading global manufacturer of technical textiles, specializing in synthetic cordage, aquaculture nets, geosynthetics, and industrial fibres. |
Founded in 1,976 |
Market share Strong domestic and global player with significant market share in fisheries, aquaculture, geosynthetics, and sports textiles. |
Problem solved Provides innovative, durable solutions for aquaculture protection, infrastructure reinforcement, and industrial applications to enhance operational efficiency and sustainability. |
Top clients or who we serve Serves aquaculture, fisheries, infrastructure, agriculture, industrial sectors globally; B2B with international customers across 75+ countries. |
Key management Chairman & Managing Director: Mr. V. R. Garware; CEO: Mr. Shujaul Rehman (Wharton graduate); CFO: Mr. Shashank Gupta (Chartered Accountant). |
Our journey and innovations Since 1976, expanded globally, diversified into agritech and coated fabrics, acquired Norwegian companies, filed 101 patents; continuous R&D for advanced nets and geotextiles. |
Where we operate India, USA, Chile, UK, Norway, Europe, South America, Australia, and other international markets. |
Top products or what we offer Synthetic cordage, aquaculture cage nets, predator and lice nets, geosynthetic solutions for infrastructure, value-added ropes for offshore and defense segments. |
Top brands Sapphire CFR nets, X18 & X12 predator nets, Ultra Core & Seal Pro ropes, OTS marine ropes; patented, market leaders in aquaculture and industrial textiles. |
Raw materials needed High-density polyethylene (HDPE), polyolefins, synthetic fibres, specialty polymers for cordage and netting products. |
Raw materials supplier Suppliers include global polymer producers and industrial chemical companies; details proprietary. |
Recurring vs cyclical contribution Majority of revenue is recurring due to long-term contracts in aquaculture, geosynthetics and industrial products with steady demand. |
Our industry position Recognized leader in technical textiles with AA+ credit rating, strong export awards, and consistent profit growth. |
Financial highlights Consolidated FY2024-25 revenue of Rs. 1540.11 crore, net profit Rs. 231.55 crore, 16% revenue growth year-on-year, strong profit before tax at Rs. 308.46 crore. |
Geographical revenue split Domestic revenue Rs. 585 crore; international revenue Rs. 955 crore; exports contribute over 60% of consolidated revenue. |
Order book - |
Whats driving growth Robust demand in aquaculture, infrastructure projects (railways, roads), product innovation and geographic expansion including acquisitions. |
Our future plans Expanding South America and Europe presence, enhancing recycling partnerships, increasing manufacturing efficiency and launching advanced netting solutions. |
Our green promise 65% power from renewables, 24% GHG emission reduction, 65% waste recycling, commitment to sustainable manufacturing and CSR initiatives. |
Our people and values 20,000 SKUs with high-skilled R&D team; company values ownership, continuous improvement, and stakeholder value enhancement. |
Key challenges ahead Fluctuations in raw material costs, regulatory changes in aquaculture, competition from global players, and climate-related operational risks. |
Interesting facts Filament to technical fibres evolved over 45 years; filed 101 patents, operates in 75+ countries, awarded top exporter awards multiple times. |
Risks and strategy Mitigates risks through R&D, diversification, and strong governance; focuses on innovation, cost management, and expanding global footprint. |
