What we do Mid India Industries Ltd manufactures cotton textiles including yarn and fabrics, and also trades heavy plant machinery and spare parts mainly for export. |
Founded in 1,991 |
Market share A niche export-oriented spinning unit leveraging state-of-the-art machinery; currently undergoing diversification into machinery trading. |
Problem solved Provides high-quality cotton textiles for global markets and supplies industrial machinery and spare parts to meet industrial demand. |
Top clients or who we serve Primarily international textile buyers and industrial sectors requiring heavy machinery and spare parts; functions as B2B exporter and trader. |
Key management Sanjay Singh (Chairman & MD), Bhawani Shankar Soni (Whole Time Director) with strong leadership continuity. |
Our journey and innovations Started with cotton yarn manufacturing in 1994; expanded spindle capacity; recently diversified into machinery and spare parts trading from 2022. |
Where we operate Headquartered in India with export-oriented operations primarily serving international markets worldwide. |
Top products or what we offer Flagship products include cotton yarn and fabrics; newer offerings comprise heavy plant machinery and spare parts trading. |
Top brands - |
Raw materials needed Raw cotton sourced from Madhya Pradesh's cotton-growing region is primary input for textile manufacturing. |
Raw materials supplier Local cotton farmers and suppliers in Madhya Pradesh are the main raw material providers. |
Recurring vs cyclical contribution Revenue largely cyclical with export market exposure but trading segment provides additional business stability. |
Our industry position Small-scale textile exporter with state-of-the-art equipment; expanding presence in machinery trade to diversify revenue. |
Financial highlights FY2024-25 revenue of INR 63.22 million; net loss INR 11.79 million; improving from prior loss of INR 42.44 million. |
Geographical revenue split - |
Order book - |
Whats driving growth Diversification into machinery trading and strategic moves to enhance international marketing for textiles. |
Our future plans Plans include expanding spindle capacity and strengthening overseas offices to boost international sales and services. |
Our green promise - |
Our people and values Committed to safety culture and compliance; fosters ethical governance and employee engagement. |
Key challenges ahead Erosion of net worth and ongoing losses require strategic turnaround and market expansion. |
Interesting facts First Indian spinning unit with a Memorandum of Understanding with Italy's Unimax for exclusive purchase of production. |
Risks and strategy Facing challenges as a sick industrial company; strategy focuses on diversification and strengthening exports. |
