What we do Veejay Lakshmi Engineering Works Ltd is a pioneer Indian manufacturer of textile machinery, specializing in two-for-one twisters and precision assembly winders, plus yarn and knitted fabric production. |
Founded in 1,974 |
Market share Leading domestic manufacturer with over 12,000 twister machines sold domestically and internationally, holding strong presence in textile machinery segment. |
Problem solved Provides advanced textile machines that enhance yarn twisting efficiency and fabric manufacturing, supporting the textile industry's productivity and quality needs. |
Top clients or who we serve Serves textile manufacturers and related industries both in India and abroad; primarily B2B customers in textile machinery and yarn production sectors. |
Key management - |
Our journey and innovations Since 1975, innovated two-for-one twister technology, expanded into textile spinning, integrated automatic cone winders via JV with Italy's Savio Machine Tessili, and earned ISO certifications. |
Where we operate Operations primarily in India with exports supporting global markets, manufacturing plants located in Coimbatore and Mettupalayam, Tamil Nadu. |
Top products or what we offer Two-for-one twisters, automatic cone winders, precision assembly winders, cotton yarn, and knitted fabric products. |
Top brands Two for One Twister machines (#1 in category, flagship product), Automatic Cone Winders (JV with Savio Machine Tessili), Textile yarn and fabric lines. |
Raw materials needed Steel, electrical components, textile fibers (cotton), and precision machinery parts for manufacturing textile equipment and yarn products. |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue is largely cyclical, influenced by textile industry demand cycles, but with recurring revenues from service and machinery upgrades. |
Our industry position Well-established textile machinery pioneer with significant domestic market share; faces cyclical challenges but maintains technological and manufacturing edge. |
Financial highlights FY2024-25 revenue approx. Rs.79.65 crore with a net loss of Rs.3.31 crore, improved from prior year, with ongoing capital expenditure and operational adjustments. |
Geographical revenue split Primarily Indian market with exports to select international textile industry customers; detailed breakdown not specified. |
Order book - |
Whats driving growth Demand for efficient textile machinery, ongoing product innovation, joint ventures for technology, and capacity enhancements drive growth potential. |
Our future plans Focus on capacity utilization improvements, technological upgrades, and expanding automatic cone winder production via joint venture partnerships. |
Our green promise - |
Our people and values Employs around 454 staff; committed to cordial industrial relations and compliance with workplace regulations and ethics. |
Key challenges ahead Demand volatility in textile sector, pricing pressure, and liquidity constraints challenge profitability and growth ambitions. |
Interesting facts First in India to produce two-for-one twister machines, over 12,000 units sold globally, and received ISO 9001 and 9002 certifications. |
Risks and strategy Managing liquidity with promoter funding, adapting to reduced textile demand, and enhancing efficiency to mitigate cyclical downturn impacts. |
