Himatsingka will invest Rs 1,300 crores in order to augment its manufacturing capacities and capabilities. These investments will be made in a phased manner beginning FY’16 through FY’18. They will aid in doubling the group’s sheeting capacity and help the process of backward integrating into ultra-fine count cotton spinning. The aim is also to set up the world’s largest spinning plant under one roof and foray into manufacturing terry towels.

Himatsingka intends to pursue initiatives to drive growth in its distribution verticals as well. Today, with over 10 brands, the group has among the largest portfolio of home textile brands with an annual throughput of over Rs 800 crores. It’s a vertically integrated home textile group that manufactures, retails and distributes bedding, bath, drapery, upholstery and lifestyle accessory products.

On the manufacturing front, the group has significantly enhanced performance parameters by bringing in a new paradigm on efficiencies, productivity and technology. On the global distribution front, it has been expanding its brand portfolio and thereby bringing more relevant and differentiated solutions to the global shelf. Himatsingka clocked revenues of Rs 1886 crores for FY’16. It has brought to market a DNA verified cotton value chain solution under the Pimacott brand.