What we do Gujarat Hy-Spin Ltd manufactures and processes cotton yarn primarily for domestic markets and some exports, serving textile industry traders and industrial weaving units. |
Founded in 2,011 |
Market share Established regional player in cotton yarn manufacturing with growing domestic presence and emerging export activities. |
Problem solved Provides consistent quality cotton yarn to textile manufacturers, enabling efficient weaving and fabric production. |
Top clients or who we serve Traders and textile industrial units engaged in weaving; predominantly B2B customers. |
Key management Maganlal Parvadiya (Chairman & Whole-time Director) and Chandulal Parvadia (Whole-time Director) are founders with deep cotton industry experience. |
Our journey and innovations Transitioned from cotton trading to yarn manufacturing since 2013 with investment in modern machinery and quality testing labs to boost competitiveness. |
Where we operate Primarily India with some third-party exports; manufacturing facility in Rajkot, Gujarat. |
Top products or what we offer Cotton yarns processed using advanced spinning technology and quality control via Uster laboratory tests. |
Top brands - |
Raw materials needed Cotton bales, cotton seeds, and wash oil sourced locally for yarn production. |
Raw materials supplier Supplied by regional cotton farmers and ginners associated with promoters. |
Recurring vs cyclical contribution Revenue primarily from cyclical cotton yarn sales influenced by textile demand and raw material availability. |
Our industry position A mid-sized yarn manufacturer with stable revenues and expanding client base in the textile sector. |
Financial highlights FY 2024-25 revenue ₹92.56 crore; net profit of ₹0.1 crore with slight growth over previous year. |
Geographical revenue split - |
Order book - |
Whats driving growth Growing textile demand, modernization efforts, and export opportunities drive company growth. |
Our future plans Focus on capacity expansion, technology upgrades, and compliance improvement to enhance market position. |
Our green promise Initiatives in energy conservation and efficient resource utilization guide sustainable manufacturing. |
Our people and values Committed workforce led by experienced promoters emphasizing integrity and customer satisfaction. |
Key challenges ahead Raw material price volatility, compliance with regulatory norms, and financial strengthening are key challenges. |
Interesting facts Operates a Uster test laboratory onsite for stringent quality assurance of yarn products. |
Risks and strategy Managing supply chain risks and statutory compliance while pursuing operational efficiency improvements. |
