What we do Premier Synthetics Limited primarily trades cotton and cotton yarn, previously engaged in manufacturing cotton yarn until November 2023. |
Founded in 1,970 |
Market share Serves prominent denim manufacturers like Raymonds and Arvind; holds presence in Gujarat, Maharashtra, and Rajasthan textiles market. |
Problem solved Provides reliable sourcing and trading solutions for cotton yarn and textile materials to manufacturing units, streamlining supply chains. |
Top clients or who we serve Key clients include denim manufacturers such as Raymonds, Arvind, Jindal; primarily B2B serving textile industry players. |
Key management Mr. Gautamchand Surana, Managing Director, leads recent strategic transition focused on trading activities. |
Our journey and innovations Founded in 1970, expanded capacity in 1994-96; went public in 1993; shifted from manufacturing to trading in 2023. |
Where we operate Operates across Maharashtra, Gujarat, Rajasthan with export capacity initially established for yarn products. |
Top products or what we offer Cotton yarn trading and textile raw materials; discontinued manufacturing as of Nov 2023, focusing on trading segments. |
Top brands No flagship brands; known for cotton yarn and textile trading services with established client relationships. |
Raw materials needed Cotton fibers and spares for yarn manufacturing before discontinuation in 2023. |
Raw materials supplier Sourced locally from cotton producers and suppliers within India textile hubs. |
Recurring vs cyclical contribution Revenues are primarily trading-based with recurring orders from textile manufacturers, somewhat cyclical based on textile demand. |
Our industry position Small to mid-tier player specializing in cotton yarn trading with historical manufacturing expertise. |
Financial highlights FY 2024-25 revenue Rs.1710 Lakhs; net profit of Rs.149 Lakhs showing strong turnaround from prior losses. |
Geographical revenue split Revenues mainly from Indian states Maharashtra, Gujarat, Rajasthan; no significant foreign earnings. |
Order book - |
Whats driving growth Growth driven by firm's pivot to trading and expanding client base in textile manufacturing hubs. |
Our future plans Focus on deepening trading operations post manufacturing exit; no current expansion plans announced. |
Our green promise Committed to exploring energy efficiency and renewable energy use in operations, ongoing conservation initiatives. |
Our people and values Emphasis on employee support, governance, and transparent communication with stakeholders. |
Key challenges ahead Managing transition from manufacturing to trading; market fluctuations affecting textile demand. |
Interesting facts Listed since 1993 with over five decades history; overcame industrial sickness to profitability by 2025. |
Risks and strategy Mitigating traditional manufacturing risks by focusing solely on trading; strategic diversification planned. |
