Renowned exporter of fabrics and garments to both global and domestic markets for the past two decades, Globe Textiles India plans (GTIL) to augment its garment processing capacity by up to 20,000 units per day and 6 lakh units per month, aiming for a robust top line of 520 crore in the next three years.
Committed to maintaining environmental sustainability, GTIL’s eco-friendly facility features a Zero Liquid Discharge system and leverages solar energy to reduce operational costs. Aligning with the company's ethos, this initiative also contributes to its bottom line, with its revenues expected to increase by 30 per cent by 2027.
An industry leader in environmental responsibility and customer satisfaction, particularly in the realm of fashion, GTIL employs nature-friendly dyes and chemicals, along with pioneering sustainable processing techniques to deliver superior quality apparel while minimising its ecological footprint.
Further GTIL plans to soon introduce denim tops for women, affirms Bhavin Parikh, CEO. Through strategic initiatives such as a successful rights issue and acquisitions, GTIL aims to not only expand its asset base, margins, and top-line growth but also introduce innovative sustainable fashion garments.
With revenue of Rs 399.4 crore and a production capacity exceeding 2.5 lakh sq ft in December 2023 GTIL demonstrated consistent financial performance, boasting a 10-year Compound Annual Growth Rate (CAGR) of 13 per cent in both revenue and net profit.
