What we do Shiva Suitings Ltd manufactures textile products, specializing in spinning, weaving, and finishing of fabrics within the Indian textile industry. |
Founded in 1,985 |
Market share Operates domestically with a focus on Indian textile market; no major export operations. |
Problem solved Provides quality textile solutions to meet growing domestic demand in a labor-intensive sector. |
Top clients or who we serve Serves domestic textile retailers and manufacturers; B2B focused company. |
Key management - |
Our journey and innovations Incorporated in 1985; steady operations in textiles with ongoing internal audits and compliance improvements. |
Where we operate Primarily India, with operations focused on Maharashtra region. |
Top products or what we offer Spun yarns, woven fabrics with finishing processes for textile market needs. |
Top brands - |
Raw materials needed Cotton and other natural fibers for spinning and weaving textiles. |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue is primarily cyclical, depending on textile demand and production cycles. |
Our industry position Small-scale player within fragmented Indian textile industry, focusing on domestic markets. |
Financial highlights FY 2023-24 revenue Rs. 3.78 crore with net profit Rs. 0.05 crore; slight decrease from previous year. |
Geographical revenue split Entirely domestic revenue with no foreign exchange earnings. |
Order book - |
Whats driving growth Domestic demand growth, policy support including FDI allowance, and rising income levels. |
Our future plans No significant expansion disclosed; focus on maintaining existing operations and financial controls. |
Our green promise - |
Our people and values Emphasizes employee productivity and ethical work culture with performance management. |
Key challenges ahead Competition from imports, power shortages, and rising input costs constrain growth. |
Interesting facts Company has operated since 1985 with continuous internal audits and compliance practices. |
Risks and strategy Faces risks from competition, cost volatility, and technology obsolescence; mitigates via internal controls. |
