What we do Soma Textiles & Industries Ltd is a historic Indian textile company specializing in cotton yarn, denim fabrics, shirtings, garments, now focused on cotton trading post-manufacturing closure. |
Founded in 1,940 |
Market share Once a key denim and textile producer in India, now transitioned to cotton trading after Supreme Court mandated textile plant closure. |
Problem solved Provided quality denim and textile products; currently focusing on efficient cotton trading to sustain business after factory closure. |
Top clients or who we serve Served domestic and international garment manufacturers, exporters, and textile industry players; now serves cotton traders and related clients (B2B). |
Key management S. K. Somany (Chairman), A. K. Somany (Managing Director & CEO), Shrikant Bhairaveshwar Bhat (CFO), Reena Prasad (Company Secretary). |
Our journey and innovations Founded in 1940, pioneered Indigo Denim in 1986, expanded spinning and fabric production, discontinued manufacturing in 2024 due to court orders, now cotton trading. |
Where we operate Based in Ahmedabad, India, with historical exports; current operations focused within India. |
Top products or what we offer Cotton yarn, denim fabrics, shirtings, garments historically; now engaged in trading of cotton. |
Top brands - |
Raw materials needed Cotton fibers and related textile inputs historically; raw cotton currently for trading. |
Raw materials supplier Cotton farmers, cotton markets across India and relevant suppliers. |
Recurring vs cyclical contribution Former manufacturing was cyclical with market conditions; current revenue from recurring cotton trading operations. |
Our industry position Previously reputable textile manufacturer with significant denim market presence; currently a cotton trading player adapting to market shifts. |
Financial highlights FY 2024-25 revenue was Rs 9.49 Cr; net profit of Rs 69.27 Cr primarily from trading transition; previous manufacturing revenue higher. |
Geographical revenue split Revenue primarily from Indian market; exports nil after manufacturing shutdown. |
Order book - |
Whats driving growth Shift from manufacturing to cotton trading due to court mandated plant closure; cost management and market demand in trading sector. |
Our future plans Focus on consolidating cotton trading business to sustain shareholder value; no manufacturing expansion planned. |
Our green promise - |
Our people and values Dedicated workforce with company culture emphasizing legacy, adaptability, and operational harmony. |
Key challenges ahead Regulatory compliance, rebuilding business post manufacturing closure, competitive cotton trading market. |
Interesting facts Among first Indian producers of Indigo Denim since 1986; transitioned business after Supreme Court order ceasing polluted industrial operations. |
Risks and strategy Key risk from operational shutdown; strategy is business pivot to trading and preserving long-term shareholder value. |
