Inside the Mind of a Visionary

An Exclusive Interview with Rohit Dev Sethi, Managing Director of ColossusTex Private Limited

Colossus Tex Private Limited and Rohit Dev Sethi are renowned for their commitment to delivering top-notch outputs in today’s experientially led times. With a cumulative experience of 25 years, the team at Colossus Tex has established a strong foothold in various sectors of the textile industry. Operating across 7 countries globally and catering to clients in 37 nations, they have fostered a robust network of manufacturing partners, buyers, and service providers. Their sterling reputation is underscored by glowing customer testimonials, owing to their unwavering dedication to delivering high-quality products, efficient logistics management, and cost-effective solutions that enhance the overall consumer experience. Partnering with Colossus Tex means gaining access to a carefully curated community of textile manufacturers offering a wide range of services, from raw materials to finished garments. Recently, TVC Media Team had the privilege of interviewing Rohit Dev Sethi, the Managing Director of Colossus Tex Private Limited, a seasoned professional with a decade of diversified experience in B2B sales and marketing, sourcing, strategic planning, production, and supply chain management both locally and internationally.

• Please enlighten our readers about ColossusTex’s brand, mission, and vision.

After dedicating more than 12 years to the textile industry, with experience spanning various sectors such as yarn spinning, fabric manufacturing, garment production, and distribution, I’ve come to realise that many companies in this field face a common set of challenges. These challenges have kept the textile industry as a low-margin business with substantial uncertainties. My inspiration draws from the success of new-generation mobile app solutions in more complex sectors like transportation, food delivery, and finding specialised technicians. I firmly believe that if we can provide a swift and effective solution to mitigate these challenges for companies and employees in the textile industry, it will significantly enhance the industry’s global performance.

Our vision is to create a robust model that fosters sustainable trade practices, deploys effective marketing strategies, and facilitates global access to unique textile products.

With our tagline, “Revolutionising Textiles for the Future,” we aspire to be a game-changer and trendsetter, ushering in a new era to replace traditional trade practices in the textile industry.

• What are the key services and products offered by ColossusTex?

ColossusTex is a forward-thinking company that aims to revolutionise the textile industry through a comprehensive range of services. We offer a diverse set of solutions to address various aspects of the textile business, including consulting, logistics, information provision, and marketing. Global presence, extensive network and a focus on maximising the potential and profitability of textile organisations is what set us apart from other companies operating the organisation. Here’s a brief overview of our core products and services:

• ColossusFind: ColossusFind is your go-to marketplace app. Buyers can easily post their requirements, while sellers can effortlessly publish their products for sale. It’s a platform where the entire buying and selling process is made seamless.
• ColossusGrow:  ColossusGrow is all about nurturing innovation. Companies can showcase their innovative products, and we provide the growth they need. Our network and subscriptions are the keys to propelling your business forward.
• ColossusDeal: ColossusDeal is your solution for dealing with non-moving stocks, idle machinery, and unutilised resources. We help you liquidate these assets, turning them into value for your business.
• ColossusMove: ColossusMove revolutionises the logistics landscape by providing unparalleled assistance that transcends the boundaries of traditional freight management. With a commitment to complete optimisation of transit freight, ColossusMove ensures that every aspect of the shipping process is finely tuned for efficiency. The platform prioritises the shortest transit time, leveraging advanced algorithms and real-time data analytics to streamline the journey from origin to destination. Offering a seamless experience, ColossusMove integrates cutting-edge technology for real-time tracking, providing shippers and recipients with instant updates on the location and status of their cargo. What sets ColossusMove apart is its comprehensive support system, not only during transit but also at the place of origin and destination. This holistic approach ensures that clients experience a level of logistics assistance that is truly ineffable, setting a new standard for the industry.
• ColossusMind: ColossusMind keeps you updated with industry news, global policies, and price trends. It is the source for brands to stay updated so that they can make well-informed business decisions.
• ColossusTech: ColossusTech offers specialised technical assistance wherein each consignment passes through elaborate testing protocols. This covers the scope of Personal Inspection, Stills and Quality Certificate.
• ColossusMeet:  ColossusMeet is a platform where business leaders share their professional journeys and the community exchanges views for maximising and streamlining business. It’s the platform to connect, learn, and grow.
• ColossusCare: ColossusCare is a service extended to the industry which focuses on getting the appropriate talent to the industry through our networking. We will contribute to finding experts for long-term & Short term service or full-time Jobs. We believe in contributing with the right talent to our partners which brings an effective culture for optimised growth of the company.
• ColossusEDGE: It is an innovative and forward-thinking financial platform that offers a range of services aimed at enhancing B2B trade and supporting the financial needs of businesses. One of its core features is the seamless onboarding of B2B partners, simplifying the process and allowing for efficient collaboration. Additionally, it empowers businesses by providing generous credit lines of up to 330 days, fostering flexibility and liquidity. This extended credit period is particularly advantageous for MSMEs and mid-sized corporations, enabling them to leverage the sanctioned CTMONEY for their raw material procurement and other necessary purchases.

• What is the Unique Selling Proposition (USP) of ColossusTex that differentiates it from competitors?

By employing state-of-the-art technology, effective sourcing and assertive marketing, our experts strive to provide you with the best outputs in these experientially led times. Over the collective experience of 25 years, our team has built a niche across various verticals of the textile industry. With global establishments in 7 countries and clientele in more than 35 nations, we stand tall with a close-knit community of manufacturing partners, buyers and service providers. While we provide exemplary services, we have obtained empowering customer testimonials. Our promise is to deliver high end quality, robust logistics management and cost optimisations that channelize into an unforgettable consumer journey. 

Our key USPs that differentiate us from other players are as follows – 

• Effective Sourcing: We offer effective sourcing of raw materials and finished products. The company has a well-established network and the ability to find the best sources for their clients, potentially resulting in cost savings and quality improvements.
• Expertise: The ColossusTex team has 25 years of collective experience in the textile industry, which includes working across various verticals. This expertise helps us to provide valuable insights and solutions to the clients’ specific needs.
• Global Presence: With establishments in 7 countries and clients in more than 35 nations, ColossusTex emphasises its global reach. This widespread presence allows us to tap into diverse markets and resources, potentially offering unique advantages to our clients.
• Transparency: Our commitment to transparent trade policies and the use of advanced analytics showcases a dedication to accountability. This is an attractive feature for our clients who want clear and reliable business partnerships.
• Sustainability: ColossusTex also underscores its commitment to sustainability. This is a growing concern in many industries, including textiles, and our company’s ability to provide sustainable goods and services sets us apart from competitors.
• Cost Optimization: The promise of cost optimization is an important factor for clients looking to reduce expenses and improve profitability. Our emphasis on cost-effectiveness focused on delivering value to their clients.
• Robust Logistics Management: Our robust logistics management system highlights our capability to efficiently manage the movement of materials and products, which is crucial in the textile supply chain.

• How is ColossusTex leveraging digital innovations to drive growth in India’s textile industry and e-commerce sector?

ColossusTex unique service named ColossusMIND focuses on providing updates on technology advancement in the field of textiles i.e. process, raw material etc. which contributes to optimising the efficiency of the factories operating with lower speeds and high rejections. A small change or technological advancement in textiles can help boost productivity by more than 20-35%. Through ColossusMIND we give updates of global prices and its trend analysis with national and international news to keep the viewers updated and enable them to take appropriate actions about their purchase and sales decisions. We also give updates about the new innovative products which brings awareness to adapt new technology and available products.

• Can you share more about the growth trajectory of ColossusTex and any milestones achieved so far?

ColossusTex has established its own offices in key locations such as China, Vietnam, Uzbekistan, Turkey, and Singapore. With exports to over 35 countries, we’ve cultivated a network of partner agents in each destination to represent our products. We are actively involved in major textile events and exhibitions worldwide to enhance ColossusTex’s global presence. Additionally, we operate warehousing facilities in three countries, ensuring convenient access to value-added and specialised products for local customers.

Our presence in Singapore, a prominent financial hub in Asia, enables us to provide long-term support to our customers. ColossusTex’s approach revolves around global accessibility, sustainable trade practices, and proactive marketing. With our expanding global footprint, we aim to raise the bar each year. 

• How does ColossusTex ensure cost-effective solutions and timely delivery of raw materials and finished products?

To meet the most versatile requirements, we connect customers with our handpicked community of textile manufacturing partners. Requisites such as raw materials, fibres, yarns, fabrics, garments and a wide scope of textile-oriented deliverables can be availed through their services.

• What sets ColossusTex apart in terms of sustainability practices and environmental stewardship within the textile industry?

ColossusTex’s sustainable textile practices exemplify its dedication to environmental responsibility and innovation. By leveraging innovative yarn solutions, such as FDY yarn, paper yarn, cotton linen yarn, and high-tenacity yarn, ColossusTex not only meets the evolving needs of consumers but also reduces its ecological footprint and promotes resource conservation. Moreover, ColossusTex’s adherence to ethical production standards underscores its commitment to social responsibility and corporate citizenship. As sustainability continues gaining prominence in the textile industry, ColossusTex remains at the forefront of positive change, demonstrating that profitability and environmental stewardship coexist harmoniously.

• How does ColossusTex empower its stakeholders to make ethical business decisions and foster long-term relationships?

ColossusTex empowers stakeholders by revolutionising traditional trade practices in the textile industry. Through promoting local production of innovative products globally, they break barriers and facilitate access to raw materials and expertise. For example, in India, we have addressed the shortage of raw materials for sports shoes by implementing local inventories, propelling India to the world’s second-largest shoe producer. This model extends to Turkey and Peru, diversifying product segments like blankets and carpets. ColossusTex doesn’t merely supply materials; they offer comprehensive services, including consulting and market expansion support. By fostering local businesses and encouraging continuous innovation, we ensure sustainability and long-term relationships. This approach not only facilitates ethical decision-making but also cultivates a culture of improvement and collaboration within the industry. 

• What is the vision and mission of ColossusTex towards revolutionising technology, sustainability, and global access to textile goods and services?

ColossusTex envisions a textile industry harmonised with innovation and tradition, revolutionising technology, sustainability, and global accessibility. By bridging the gap between tradition and modernity, we introduce cutting-edge technologies and sustainable practices to enhance efficiency and reduce environmental impact. Through automation, AI, and sustainable materials, we streamline operations and foster collaboration within the industry. By actively engaging stakeholders, we promote the adoption of these innovations, enabling traditional businesses to adapt and thrive. Our commitment lies in redefining the industry’s future, improving product quality, and minimising ecological impact. Thus, ColossusTex paves the way for a resilient and competitive textile sector while preserving its rich heritage, ensuring a sustainable and forward-thinking approach.