I. Introduction
India’s textile industry is one of the oldest and largest in the world, with a rich history of producing high-quality textiles for both domestic and international markets. The industry contributes significantly to India’s economy, providing employment to millions of people and generating billions of dollars in revenue each year. In this article, we will take a closer look at the top 10 textile companies in India in 2023, exploring their history, products, and market share.
II. Top 10 Textile Companies in India 2023
A. Aditya Birla Group
Aditya Birla Group is one of the largest conglomerates in India, with interests in a wide range of sectors, including textiles. The company operates through its subsidiary Grasim Industries, which is a leading producer of viscose staple fiber, cement, chemicals, and textiles. Grasim Industries has a market share of 10% in the Indian textile industry, with a turnover of over $2 billion.
B. Arvind Limited
Arvind Limited is a leading textile and apparel company in India, with a presence in over 90 countries. The company operates through its subsidiaries Arvind Fashions and Arvind Lifestyle Brands, which are engaged in the design, manufacture, and sale of a wide range of apparel products. Arvind Limited has a market share of 6% in the Indian textile industry, with a turnover of over $1.5 billion.
C. Bombay Dyeing
Bombay Dyeing is one of the oldest and most respected textile companies in India, with a history dating back to 1879. The company is engaged in the manufacture and sale of a wide range of textile products, including bed linen, towels, and curtains. Bombay Dyeing has a market share of 4% in the Indian textile industry, with a turnover of over $500 million.
D. Grasim Industries
Grasim Industries is a leading producer of viscose staple fiber, cement, chemicals, and textiles in India. The company is
operated by the Aditya Birla Group, one of the largest conglomerates in India. Grasim Industries has a market share of 10% in the Indian textile industry, with a turnover of over $2 billion. The company’s textile business produces a wide range of products, including fabrics, garments, and home textiles.
E. Raymond Limited
Raymond Limited is a leading textile and apparel company in India, known for its premium men’s clothing brand Raymond. The company operates through its subsidiaries Raymond Apparel, Raymond Home, and ColorPlus, which are engaged in the design, manufacture, and sale of a wide range of apparel and home textile products. Raymond Limited has a market share of 5% in the Indian textile industry, with a turnover of over $1 billion.
F. Reliance Industries Limited
Reliance Industries Limited is a diversified conglomerate in India, with interests in a wide range of sectors, including textiles. The company operates through its subsidiary Reliance Textile Industries, which is engaged in the manufacture and sale of a wide range of textile products, including synthetic and blended fabrics. Reliance Industries Limited has a market share of 6% in the Indian textile industry, with a turnover of over $1.5 billion.
G. S. Kumars Nationwide Limited
S. Kumars Nationwide Limited is a leading textile and apparel company in India, with a focus on the design, manufacture, and sale of high-quality fabrics and apparel products. The company operates through its subsidiaries Reid & Taylor and S. Kumars, which are known for their premium men’s clothing brands. S. Kumars Nationwide Limited has a market share of 4% in the Indian textile industry, with a turnover of over $500 million.
H. Vardhman Textiles Limited
Vardhman Textiles Limited is a leading producer of textiles and yarns in India, with a focus on the manufacture and sale of cotton and synthetic yarns. The company operates through its subsidiaries Vardhman Acrylics and Vardhman Special Steels, which are engaged in the production of acrylic fiber and steel products. Vardhman Textiles Limited has a market share of 4% in the Indian textile industry, with a turnover of over $500 million.
I. Welspun India Limited
Welspun India Limited is a leading manufacturer and exporter of home textile products, including towels, bed linen, and rugs. The company is known for its focus on sustainability and innovation, using recycled materials and advanced manufacturing processes to produce high-quality products. Welspun India Limited has a market share of 3% in the Indian textile industry, with a turnover of over $400 million.
J. Trident Group
Trident Group is a leading textile and paper manufacturer in India, with a focus on the production of cotton and blended yarns, home textiles, and paper products. The company operates through its subsidiaries Trident Limited and Trident Global, which are engaged in the manufacture and sale of a wide range of textile and paper products. Trident Group has a market share of 3% in the Indian textile industry, with a turnover of over $400 million.
III. Company Profiles
A. Aditya Birla Group
The Aditya Birla Group is a diversified conglomerate in India with a strong presence in the textile industry. The company operates through its subsidiary, Grasim Industries, which is a leading producer of viscose staple fiber, cement, chemicals, and textiles. With a market share of 10% in the Indian textile industry and a turnover of over $2 billion, Grasim Industries has established itself as a key player in the industry. The company’s textile business offers a wide range of products, including fabrics and garments, and is known for its focus on quality, innovation, and sustainability. Overall, the Aditya Birla Group’s presence in the textile industry is a significant contributor to the growth and success of the Indian textile industry.
B. Arvind Limited
Arvind Limited is a leading textile company in India, with a focus on the production of denim, woven fabrics, and garments. The company operates through its subsidiaries Arvind Lifestyle Brands and Arvind Fashions, which are engaged in the design, manufacture, and sale of a wide range of apparel and lifestyle products. Arvind Limited has a market share of 8% in the Indian textile industry, with a turnover of over $1.5 billion.
C. Bombay Dyeing & Manufacturing Company Limited
Bombay Dyeing & Manufacturing Company Limited is a leading producer of home textiles and bedding products in India. The company operates through its subsidiaries Bombay Dyeing Retail and Bombay Realty, which are engaged in the retail and real estate sectors, respectively. Bombay Dyeing & Manufacturing Company Limited has a market share of 3% in the Indian textile industry, with a turnover of over $400 million.
D. Garden Silk Mills Limited
Garden Silk Mills Limited is a leading manufacturer of silk and synthetic fabrics in India, with a focus on the production of sarees, dress materials, and home textiles. The company operates through its subsidiaries Garden Vareli and Garden Global, which are engaged in the design, manufacture, and sale of a wide range of textile products. Garden Silk Mills Limited has a market share of 2% in the Indian textile industry, with a turnover of over $200 million.
E. JCT Limited
JCT Limited is a leading producer of textiles and synthetic yarns in India, with a focus on the production of cotton and blended fabrics. The company operates through its subsidiaries JCT Mills and JCT Electronics, which are engaged in the manufacture and sale of a wide range of textile and electronics products. JCT Limited has a market share of 1% in the Indian textile industry, with a turnover of over $100 million.
F. KPR Mill Limited
KPR Mill Limited is a leading textile company in India, with a focus on the production of yarns, fabrics, and garments. The company operates through its subsidiaries KPR Cotton Mills and KPR Spinning Mills, which are engaged in the production of cotton and blended yarns. KPR Mill Limited has a market share of 2% in the Indian textile industry, with a turnover of over $200 million.
G. Loyal Textile Mills Limited
Loyal Textile Mills Limited is a leading producer of textiles and yarns in India, with a focus on the manufacture and sale of cotton and blended fabrics. The company operates through its subsidiaries Loyal Textile Mills and Loyal Super Fabrics, which are engaged in the production of high-quality textiles and fabrics. Loyal Textile Mills Limited has a market share of 1% in the Indian textile industry, with a turnover of over $100 million.
H. SRF Limited
SRF Limited is a diversified conglomerate in India, with interests in a wide range of sectors, including textiles. The company operates through its subsidiary SRF Industries, which is engaged in the production of technical textiles, packaging films, and chemicals. SRF Limited has a market share of 1% in the Indian textile industry, with a turnover of over $100 million.
IV. Conclusion
The Indian textile industry is a major contributor to the country’s economy, providing employment to millions of people and contributing significantly to the country’s GDP. The top 10 textile companies in India, as outlined in this article, are leading players in the industry, known for their focus on quality, innovation, and sustainability. As the industry continues to grow and evolve, these companies are likely to play a key role in shaping its future.
V. FAQs
- What is the current state of the Indian textile industry?
The Indian textile industry is one of the largest in the world, with a market size of over $100 billion. It is also one of the largest employers in the country, providing jobs to millions of people across the value chain.
- What are the major challenges faced by the Indian textile industry?
The Indian textile industry faces several challenges, including competition from low-cost producers in other countries, the need to improve quality and innovation, and the increasing focus on sustainability and ethical practices.
- How important is sustainability in the Indian textile industry?
Sustainability is becoming increasingly important in the Indian textile industry, with companies focusing on reducing their carbon footprint, conserving water, and promoting ethical labor practices. Consumers are also becoming more aware of sustainability issues and are demanding more eco-friendly products.
- What role do the top 10 textile companies play in the Indian textile industry?
The top 10 textile companies in India are leading players in the industry, known for their focus on quality, innovation, and sustainability. They are likely to play a key role in shaping the future of the industry, as they continue to drive growth and innovation in the sector.
- What is the outlook for the Indian textile industry in the coming years?
The Indian textile industry is expected to continue to grow in the coming years, driven by increasing demand from domestic and international markets. However, the industry will need to continue to focus on innovation, sustainability, and improving quality to remain competitive in the global marketplace.
