Corporate News

KPR Mill: Awe inspiring success story

The company has earned a great deal of experience of over three decades to produce an indelible mark in the textile landscape and manufactures an impressive product range of textile varieties such as readymade knitted apparel, fabrics, compact, melange, carded, combed, polyester, vortex viscose and fancy yarn

K.P, Ramasamy, Chairman

KPR Mill’s sustained growth is built upon the combined efforts of virtue-driven leadership, hard-working workforce and the customers who place their trust in its products. The culture KPR Mill has built throughout the years took root in the founding principles, virtues and visions held by its founders. It was shaped by the relationships that the founders and their masterly products and services built with the customers and stakeholders. KPR Mill Limited, now considered as one of the top 10 listed textile companies in India with diversified business focus spanning across yarn, fabrics, garments, green power, sugar and ethanol provides employment to over 25,000 people of which 90% are women.

KPD Sigamani, Managing Director

The company has earned a great deal of experience of over three decades to produce an indelible mark in the textile landscape. Manufacturing an impressive product range of textile varieties such as readymade knitted apparel, fabrics, compact, melange, carded, combed, polyester, vortex viscose and fancy yarn, the company reaches out to global customers with diligence, superior quality and delivery excellence. KPR Mill has 15 manufacturing units of advanced technology equipped with a capacity to produce 100,000 MT of cotton yarn and 4,000 MT viscose yarn per annum, 40,000 MT fabrics per annum and 157 million readymade knitted apparel per annum.

One of the largest garment producers in India with an industry-acclaimed ETP-embedded fabric processing capacity of 30,000 MT per annum equipped with advanced cold processing technology and sophisticated printing division with a capacity to print 7,500 MT per annum, the company is capable of 30 million high-fashion garments placement printing per annum. It has 66 windmills with a total green power generation capacity of 6,192 MW, co-gen cum sugar plant with an aggregate capacity of 90 MW and 20,000 TCD and ethanol plants with capacity of 360 KLPD. With its unique 100% organic cotton FASO products with multiple special features, the company has set its foot strongly in the retail industry all over the southern region.

Expanding its Reach

Inspired by the market response, it has plans for spreading its wings to the rest of the country. In FY22 KPR Mill achieved its highest turnover in the last 19-year history with a record revenue of Rs 4,910 crores and a net profit of Rs 842 crore. K P Ramasamy, Chairman, KPR Mill, said: “Despite the disruptions that have impacted the industry and the value chain, we achieved growth. Our consistent performance over the years has been made possible by our strategic plans and timely execution, state-of-the-art manufacturing facilities with the latest technology, delivery of innovative products of international standards, hard work and commitment from over 25,000 dedicated workforce, reliability and long relationships with the customers that helped establish strong market position and the favourable demand conditions.”

P.Nataraj, Managing Director

“Keeping pace with the market demand, KPR Mill has upgraded its entire spinning capacity to value -added yarn such as compact, melange, colour melange, PC, slub, grindie and vortex. The industry is seeing new business opportunities arising due to change in the geopolitical situation that provides huge opportunities for Indian textiles and clothing industry to boost exports from the current level,” he added. In FY22, KPR Mill established a new garment facility with a capacity to produce 42 million knitted garments per annum at Chengappally, Erode district in Tamil Nadu and the ramping of its production is in progress. The expansion of sugar, cogeneration and ethanol production capacity with 10,000 TCD, 50 MW and 230 KLPD at Chowdapur, Gulbarga district in Karnataka has also been completed.

Outlook

The global textile and apparel industry is one of the largest in world trade. Its export is effectively in the midst of a gradual shift away from single source country. After witnessing a strong recovery from the pandemic, the entire Indian textile and apparel industry is now embarked upon a new trajectory of growth. During FY22, export of textiles and clothing registered a significant growth after several years of stagnation due to unfavourable market dynamics. The export potential of the sector and the government’s strategy to boost exports through bilateral deals is helping the country achieve novel goals. India has signed an FTA with the UAE and a trade deal with Australia.

Also, FTA negotiations with the EU and the UK, Canada and others are in process. Commenting on such developments, Ramasamy said, “We are committed to quality, excellent customer relations and services and shall continue to maintain the ethical, moral and professional standards in our business dealings. We continue to make progress on our value creation model based on a balanced pursuit of top-line and bottom-line growth with capital efficiency. Our ability to continuously deliver profitable growth demonstrates the consistency and dependability of our company. We believe that we have built a strong foundation for the future with sustainable and profitable growth for the long term.”

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