What we do Piotex Industries Ltd is engaged in contract manufacturing and trading of yarn, fabric, and cotton bales for garment and home furnishing industries. |
Founded in 2,019 |
Market share Emerging player focused on quality yarn manufacturing with growing presence in garment industry supply chain. |
Problem solved Provides consistent high-quality cotton yarn and fabric through controlled raw material sourcing and advanced manufacturing techniques. |
Top clients or who we serve Primarily serves garment manufacturers and home furnishing sectors; operates mainly in B2B space. |
Key management Abhay Shriram Asalkar (Chairman and Managing Director), Yogesh Omprakash Nimodiya (Executive Director and CFO) |
Our journey and innovations Started as a private limited in 2019, converted to public limited in 2023, focusing on technological advancements in yarn manufacturing. |
Where we operate India, primarily Maharashtra region with expanding footprints in textile industry. |
Top products or what we offer Cotton yarn, fabric, and cotton bales produced under contract manufacturing and job-work models. |
Top brands - |
Raw materials needed Cotton sourced directly from farms for yarn and fabric production. |
Raw materials supplier Direct farm sourcing with controlled selection by in-house technical team. |
Recurring vs cyclical contribution Revenue is largely recurring through ongoing contract manufacturing projects and trading activities. |
Our industry position Growing mid-size manufacturer with increasing sales and expanding client base in the textile sector. |
Financial highlights FY 2024-25 revenue at Rs 134.36 crore with net profit of Rs 3.36 crore; consistent revenue growth year on year. |
Geographical revenue split Majority revenue derived from domestic Indian markets, with focus on Maharashtra region. |
Order book - |
Whats driving growth Increasing demand for quality cotton yarn in garment manufacturing and efficient contract manufacturing capabilities. |
Our future plans Expand production capacity, enhance technology adoption, and broaden client base across textile segments. |
Our green promise - |
Our people and values Dedicated management and technical teams committed to quality and long-term client relationships. |
Key challenges ahead Sourcing quality raw materials competitively and scaling production while maintaining yarn quality. |
Interesting facts Transitioned from private to public limited in under four years, raising capital via Initial Public Offering in 2024. |
Risks and strategy Mitigates market volatility through direct raw material sourcing and technological investments to maintain competitive edge. |
