What we do Harish Textile Engineers Ltd manufactures textile processing & finishing machinery, non-woven fabrics, and recycled polyester staple fiber, serving textile and industrial sectors in India. |
Founded in 2,010 |
Market share A leading producer in India for textile machinery and non-woven fabric sectors with growing presence in recycled polyester fiber. |
Problem solved Provides advanced machinery and sustainable solutions for textile processing, hygiene products, and recycled polyester production. |
Top clients or who we serve Textile manufacturers, automotive interior producers, filtration, hygiene industries, B2B clients across India. |
Key management Sandeep Gandhi (Managing Director), Sunil Bhirud (Executive Director). |
Our journey and innovations Founded in 2010, grew by integrating non-woven and polyester fiber business; recently approved slump sale of textile machinery division. |
Where we operate Primarily in India, manufacturing facilities in Gujarat and Maharashtra; exports in limited scale. |
Top products or what we offer Textile processing machinery, non-woven fabrics, and regenerated polyester staple fiber products. |
Top brands - |
Raw materials needed Polyester waste, raw textiles, polymer granules for fiber production. |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue mix includes recurring industrial machinery sales and consumable non-woven and fiber products. |
Our industry position Key player in domestic textile machinery sector; expanding in non-woven and recycled polyester fiber segments. |
Financial highlights FY 2024-25 revenue approximately INR 132 crore; net profit INR 24 lakh; EBITDA around INR 5.79 crore. |
Geographical revenue split - |
Order book - |
Whats driving growth Diversification into non-woven and recycled fiber segments and demand for sustainable textile machinery. |
Our future plans Rights issue underway; focusing on restructuring by selling textile machinery business; strengthening non-woven and fiber operations. |
Our green promise Produces recycled polyester fiber contributing to sustainability; efforts in energy conservation ongoing. |
Our people and values Employs 139 staff; emphasizing employee growth and ethical governance. |
Key challenges ahead Liquidity constraints, negative working capital, ongoing debt restructuring, and competitive market pressures. |
Interesting facts Integrated non-woven and polyester fiber units added after 2019; undergoing major business restructuring in 2025. |
Risks and strategy Facing liquidity challenges; pursuing fund raise, divestitures, and lender negotiations to sustain operations and growth. |
