Fuelled by strategic investments and ambitious capacity expansion plans, GHCL Textiles plans to add 25,000 spindles with an investment of Rs. 215 crore by the second quarter of FY26, projecting a revenue increase of Rs 250 crore. This follows the successful installation of 40,000 spindles and 15 MW of renewable energy over the past two years. With revenue of Rs 1060 crores for FY24, GHCL Textiles aims to double its revenue within the next five years.
RSJalan, Non-Executive Director, GHCL Textiles, highlights the company's commitment to maintaining its status as a premium yarn manufacturer renowned for exceptional quality. The company continues to focus on catering to the specific needs of customers in the premium segment. The diverse product portfolio includes synthetic fiber, double yarn, open-end, and cotton yarn ranging from 24 to 120 counts, showcasing the company’s adaptability to dynamic market trends and reinforcing its competitive position.
Founded in 1927 as SreeMeenakshi Mills, the company began its modern journey with the acquisition of a distressed spinning unit in 2002. It has since transformed into one of India’s leading yarn manufacturers and exporters. In 2021, the GHCL Group demerged its Textile business into GHCL Textiles Limited and sold its Home Textiles Business to Indo Count. GHCL Textiles boasts state-of-the-art manufacturing infrastructure with advanced textile machinery. The company’s manufacturing capacity includes 2.25 lakh spindles, 3,320 rotors, 5,760 TFO drums, and 5 air jet spinning machines, with a total production capacity of 38,000 MTPA. Plans are underway to expand the product range and increase spinning capacity by 1.5 times.
The company is planning vertical integration of its textile manufacturing to include knitted and woven finished fabrics, which yield superior margins and integrate seamlessly with the existing business. GHCL Textiles has announced a total investment of Rs 1,045 crore, with Rs. 350 crores already invested in adding 40,000 spindles, Rs. 250 crore currently being invested to add 25,000 spindles, and another Rs. 500 crore planned for vertical integration in the coming years.
