What we do Shanti Spintex Limited manufactures diverse denim fabrics and operates a renewable energy segment in Gujarat, India, serving mainly domestic textile markets. |
Founded in 2,010 |
Market share Emerging player in Indian denim fabric manufacturing with growing domestic revenue and recent public listing to expand market presence. |
Problem solved Provides high-quality, innovative denim fabric varieties meeting fashion industry demands, while integrating sustainable energy solutions to reduce environmental impact. |
Top clients or who we serve B2B textile manufacturers and garment producers within India’s domestic market focusing on denim fabric needs. |
Key management Mr. Bharatbhushan O. Agarwal (Chairman & CFO), Mr. Rikin B. Agarwal (Managing Director), and qualified independent directors. |
Our journey and innovations Founded 2010, transitioned to public in 2023, expanded production since 2016, added renewable wind power in 2022, and recently acquired Teesta Spintex Private Limited for forward integration. |
Where we operate Operations and manufacturing mainly in Gujarat, India, catering primarily to domestic markets. |
Top products or what we offer Denim fabrics including power stretch, knit, lightweight, rigid, over-dyed, and flat finish variants in diverse shades and widths. |
Top brands - |
Raw materials needed Cotton fibers, spandex, dyes, and chemicals for denim production. |
Raw materials supplier - |
Recurring vs cyclical contribution Revenues mostly recurring from textile fabric sales; renewable energy contributes smaller cyclical income. |
Our industry position Growing textile fabric manufacturer with increasing production capacity and niche denim offerings in India's expanding denim market. |
Financial highlights FY 2024-25 revenue Rs 709.94 crore, PAT Rs 10.20 crore, showing 40% revenue growth year-over-year. |
Geographical revenue split Majority revenue from domestic Indian market. |
Order book - |
Whats driving growth Capacity expansion, strong market demand for denim fabrics, strategic acquisitions, and renewable energy initiatives. |
Our future plans Leverage acquisition for forward integration, enhance production, and optimize product mix to boost growth and profitability. |
Our green promise Operates a 2 MW wind farm, emphasizing environmentally responsible power generation and sustainable manufacturing practices. |
Our people and values Committed to safety, inclusion, and compliance, supported by a dedicated workforce and strong corporate governance. |
Key challenges ahead Input cost volatility, maintaining profitability amid margin pressures, and scaling operations effectively post-acquisition. |
Interesting facts Commissioned wind power plant in 2022 to supplement operations with renewable energy. |
Risks and strategy Mitigates input cost risks via operational efficiency; growth through innovation, strategic acquisitions, and compliance excellence. |
