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Indus Fila Ltd. Company History and Annual Growth Details

Indus Fila Limited, the flagship company of the group is a new
age fashion and textile manufacturer with sharp focus on design
and backward integration capabilities, thriving under the
dynamic leadership of Mr. Nitin Mandhana, the prime mover
of the Company, supported by two other promoter directors -
Mr. Shashikant Mandhana and Mr. Prakash Mandhana. The
promoters are from a family which is associated with the textile
industry for a long time.

We are engaged in yarn dyeing, fabric weaving, fabric processing
and apparel manufacturing. The commercial production of
Company's expanded activities - weaving and apparels started in
the month of November 2004. Currently we manufacture color dyed,
solid dyed fabrics for domestic garment manufacturers and exporters.
The apparel manufacturing of Men's Shirts and Ladies Tops is
mainly for exports. We have positioned ourselves as a multi product,
multi fibre and multi market player ensuring that our target market
is a diverse mix of the domestic fabrics market, garment export and
international market (fabrics exports). We have integrated
design-to-delivery capability with emphasis on design excellence and
innovative product engineering. We share a close rapport with a
number of marquee international and domestic brands - Izod, Arrow,
Chaps, Armani Exchange and Levi Strauss.

We have multi-locational production and distribution facilities spread
across Bangalore and Mysore, viz. Peenya and Nelamangala in
Bangalore, Nanjangud in Mysore fully backed up by the facilities for
product development, design studio and efficient sampling
infrastructure to provide quality services to our customers in India and
abroad. We also have distribution facilities in Chennai and Mumbai
which gives us advantage of being able to serve our customers
from multi-locations. We currently employ over 480 people.

Presently, we are operating with 156 weaving looms (including 48 looms
under 100% manufacturing agreement) producing approximately 20.80
million meters of fabric per annum and 750 sewing machines with
production capacity of 2.70 millions garments per annum.

Our Operational Income and Profit after Tax (PAT) as per the restated
financial statements for the financial year ending March 31, 2006 is
Rs 8,249.13 lacs and Rs 548.96 lacs and for the half year ended
September 30, 2006 is Rs 10917.81 lacs and Rs 1063.44 lacs
respectively. Our Operational Income and PAT have grown at a CAGR
of 99.29% and 147.23% respectively over the period of five years and
six months.


Year Key Events
1999 Incorporation of Indus Fila Private Limited
2000 Commencement of business with yarn dyeing in Nelamangala.
2001 Capex incurred to increase capabilities of yarn dyeing.
2004 Commenced weaving and garmenting activity
2005 First export order received in February 2005
Capex of Rs 870 lakhs for further addition of capacity in
weaving and garmenting.
2006 Agreement entered for acquiring fully integrated weaving,
processing and finishing unit in Mysore for a consideration
of Rs 90 crores
May 2006 Sale deed executed for acquisition of the fully integrated weaving,
processing and finishing unit in Mysore with a capacity of 50,000
meters per day and a co generation power plant of 6 MW.


- Indus Fila Ltd has informed that on July 05, 2007, the Company has acquired a 51% stake in Indus Garments (India) Pvt Ltd for a consideration of Rs 93.50 million.
Oct 24, 12:30 pm
Oct 24, 12:19 pm
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