What we do Mayur Uniquoters Limited manufactures synthetic leather and coated fabrics serving footwear, automotive, furnishings, and exports to global OEMs including premium carmakers. |
Founded in 1,992 |
Market share Largest domestic synthetic leather manufacturer with a capacity of over 48 million linear meters annually, holding strong OEM relationships. |
Problem solved Provides high-quality, versatile synthetic leather as an eco-friendly alternative to natural leather for footwear, automotive upholstery, and furnishings. |
Top clients or who we serve Serves automotive OEMs like BMW, Mercedes, Tata; footwear brands like Bata; and retail customers via subsidiary Mayur Tecfab. B2B and B2C focus. |
Key management Suresh Kumar Poddar (Chairman and Managing Director & CEO), Arun Bagaria (Whole-time Director). |
Our journey and innovations Since 1992, expanded capacities, set up R&D pilot plant from Italy, and globally expanded through subsidiaries in USA, South Africa, and Europe. |
Where we operate India (manufacturing base) and export markets in USA, Europe, Africa, and other countries. |
Top products or what we offer Synthetic leather in 400+ PVC variants used in footwear, automotive upholstery, furniture, and retail artificial leather products. |
Top brands Flagship brand 'Texture and Hues' in retail furnishing; synthetic leather products supplied to global automotive and footwear OEMs. |
Raw materials needed PVC polymer and synthetic polymers for coated fabrics and artificial leather manufacturing. |
Raw materials supplier Not specifically disclosed; machinery imported primarily from Italy for manufacturing and R&D. |
Recurring vs cyclical contribution Revenue is largely recurring from long-term OEM contracts with growing contribution from retail sector. |
Our industry position Category leader in synthetic leather production domestically with strong global presence through subsidiaries and exports. |
Financial highlights FY 2024-25 consolidated revenue approx Rs. 920 crore; net profit Rs. 149 crore; 22% YoY PAT growth; stable credit ratings. |
Geographical revenue split 60% revenue from India; 40% from other countries including USA, Europe and Africa through subsidiaries. |
Order book - |
Whats driving growth Rising automotive production, growth in footwear & furniture sectors, exports expansion, cost efficiencies, and new product innovations. |
Our future plans Capacity expansion, R&D enhancement, geographic footprint enlargement via subsidiaries, focus on retail market growth. |
Our green promise Engagement in sustainable manufacturing practices and development of synthetic alternatives to natural leather reducing environmental impact. |
Our people and values Focus on employee development, ethical governance, inclusion, and adherence to corporate social responsibility and compliance norms. |
Key challenges ahead Raw material price volatility, competition from global and domestic players, and market fluctuations in end-user industries. |
Interesting facts First synthetic leather manufacturer with large-scale Italian technology-based plants; diversified global footprint via subsidiaries. |
Risks and strategy Mitigate through strong supplier relations, diversification, innovation, strict compliance, and maintaining cost leadership. |
