Arvind Mills (ARVINDMILL) is involved in the business of mainly manufacturing and marketing cotton textile fabrics. Set up in 1931, is the flagship company of the Rs 20 billion (USD 500 million) Lalbhai group. Arvind N. Lalbhai is the chairman and Sanjay S. Lalbhai, the managing director of the company. The categories under which the businesses are classified are denim and khakhis, shirtings, knits and voiles. The denim division has a capacity to produce 110 million meters per year. The new product developments include poly urethane-coated denims, customized designer denims, printed denims and structurals.
It integrated forward into garment manufacturing (jeans and T-shirts) investing more than $30 million in 10 new factories. It has a SEZ in Khokra. Subsidiaries include Asman Investments, Arvind Products, Arvind Worldwide Inc., Arvind Worldwide (M) Inc., Arvind Overseas (M), Arvind Spinning and Lifestyle Fabrics. The company has set up a state-of-the-art design centre in New York targeting the premium US customers. Diesel has a joint venture with the company for the creation of a new company called Diesel India Fashion Arvind, representing the official arrival of Diesel in the Indian market. The company has 54 megamart stores in 16 cities of India. Being the third largest producer of denim in the world, Arvind caters to the high quality textile requirements of Europe, US, West Asia, the Far East & the Asia Pacific in more than 70 countries. It supplies fabric to Levi`s, Gap, Dockers and so on. The corporate and registered offices are at Naroda Road, Naroda Road, Ahmedabad?380025, Gujarat.
Financials
The company announced rise of 264.33% in standalone net profit on y-o-y basis to Rs 560.70 million, while total income increased 41.61% y-o-y basis to Rs 7.93 billion for the quarter ended March 2011.
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