What we do Sumeet Industries Ltd manufactures and exports polyester chips, filament yarns, and polypropylene multifilament yarn, with a large-scale manufacturing base in Surat, Gujarat. |
Founded in 1,988 |
Market share Established manufacturer with significant capacity expansions; key player in polyester and yarn production serving domestic and export markets. |
Problem solved Provides high-quality yarn and polyester products meeting textile industry demand with integrated captive power ensuring cost efficiency. |
Top clients or who we serve B2B focus serving textile manufacturers, exporters, and related industries. |
Key management Mr. Radheshyam B. Jaju (Chairman cum Executive Director), Mr. Pratik R. Jaju (Managing Director cum Executive Director). |
Our journey and innovations Founded in 1988; multiple capacity expansions including captive power plants and waste recycling; recent management takeover in 2024 under resolution plan. |
Where we operate India primarily, with an overseas subsidiary in Singapore (discontinued operations). |
Top products or what we offer Polyester chips, Polyester Filament Yarn (POY & FDY), Polypropylene Multifilament Yarn, Texturised Yarn, Captive power generation. |
Top brands - |
Raw materials needed Polyester granules, Polypropylene resin, MEG, PTA for polyester manufacturing. |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue mainly recurring from continuous manufacturing and supply contracts to textile sector. |
Our industry position Noted for capacity scale in textile raw materials with growing export presence; under new management aiming for operational improvements. |
Financial highlights FY 2024-25 revenue Rs. 1003.37 crore; net profit Rs. 170.26 crore; turnaround from previous year losses. |
Geographical revenue split Revenue primarily from India with growing export efforts; no significant foreign revenue for recent years. |
Order book - |
Whats driving growth Capacity expansions, captive power, strategic restructuring under new management aiming for efficiency and market expansion. |
Our future plans Setting up 17 MW solar power plant to reduce energy costs and improve sustainability; further operational efficiencies. |
Our green promise Initiatives include waste recycling plant and forthcoming clean energy solar power project. |
Our people and values Employs over 600 staff; focus on skill development, workplace safety, and ethical conduct. |
Key challenges ahead Managing operational turnaround post insolvency, cost pressures in raw materials and energy, competitive textile raw material market. |
Interesting facts Successfully resolved insolvency under NCLT with new management takeover in 2024; large-scale captive power generation capacity. |
Risks and strategy Risk mitigation via operational restructuring, financial discipline, captive power usage, and strategic leadership changes. |
