What we do Gloster Ltd is a leading manufacturer and exporter of jute and jute allied products, including geotextiles, treated fabrics, and packaging solutions for industrial and agricultural sectors. |
Founded in 1,992 |
Market share Prominent position as a major exporter of jute goods serving global markets with strong presence in India, Europe, Americas, Asia, and Australia. |
Problem solved Provides sustainable, biodegradable alternatives for packaging and industrial uses, addressing environmental concerns and raw material needs for jute-based products. |
Top clients or who we serve Serves B2B clients including agriculture, packaging industries, export customers worldwide across multiple geographies. |
Key management Executive Chairman Hemant Bangur, CEO and Whole-time Director Rajappa Shivalingappa, Group CFO Ajay Kumar Agarwal, Company Secretary Ayan Datta. |
Our journey and innovations Incorporated in 1992; name changed to Gloster Ltd in 2018; expanded from non-banking to jute manufacturing; multiple subsidiaries; restarted Bowreah Cotton Mills in 2024. |
Where we operate India, Americas, Europe, Asia, Australia, and other international markets through exports. |
Top products or what we offer Wide range of jute and allied products including woven/non-woven geotextiles, fire-retardant fabrics, shopping bags, and cotton made-ups. |
Top brands Flagship jute products and geotextiles with leadership in export markets; subsidiaries support diversified offerings. |
Raw materials needed Primarily raw jute fibers and cotton used in manufacturing various products. |
Raw materials supplier Procured from regional suppliers concentrating on raw jute cultivation areas predominantly in West Bengal. |
Recurring vs cyclical contribution Revenue is mostly recurring based on continuous demand for packaging and agriculture-related jute goods. |
Our industry position Strong player in jute manufacturing with growing exports and stable domestic market presence. |
Financial highlights FY 2024-25 consolidated revenue: Rs. 734.78 crore; suffered net loss of Rs. 13.35 crore; standalone profit of Rs. 43.73 crore. |
Geographical revenue split Major revenue from India (Rs. 550.18 Cr); exports significant across Europe (Rs. 81.44 Cr), Americas (Rs. 42.26 Cr), Asia, Australia, and others. |
Order book - |
Whats driving growth Rising global demand for eco-friendly packaging, government support, and increasing exports. |
Our future plans Amalgamation of subsidiaries, expanding production capacities, and enhancing export markets. |
Our green promise Focus on sustainable, biodegradable jute products supporting environmental safety and conservation. |
Our people and values Committed workforce emphasizing transparency, accountability, diversity, and adherence to governance standards. |
Key challenges ahead Volatile raw jute prices, geopolitical market disruptions affecting exports, and competition from synthetic alternatives. |
Interesting facts One of the oldest jute manufacturers with heritage operations on banks of the Ganges and recent revival of Bowreah Cotton Mills. |
Risks and strategy Raw material price volatility mitigated via long-term sourcing; expanding new markets to diversify export risks. |
