RSWM stands as one of the prominent manufacturers and exporters of synthetic and blended spun yarns in India. Their wide range of products caters to renowned textile companies in India and abroad. The company has also gained a reputable position in the denim fabric manufacturing sector, with its focus on delivering high-quality products. Their clientele includes both domestic giants and influential global brands.
In 2022, RSWM embarked on an ambitious expansion and modernization plan. This involved various investments, such as the establishment of 19,488 combed spinning cotton yarn spindles worth Rs. 78.35 Crores, the installation of 30,000 Mélange yarn spindles valued at Rs. 157.12 Crores, and the setup of a knitted fabric facility in Mordi costing Rs. 89 Crores in the first phase. Furthermore, RSWM dedicated Rs. 77.84 Crores towards the modernization and balancing of equipment across all their locations during FY22-23.
As part of their growth strategy, RSWM also ventured into expanding their spinning capacity by introducing 51,072 compact cotton yarn spindles, amounting to Rs. 315.00 Crores. The successful completion of this project is anticipated to significantly elevate the company’s turnover and profitability in the upcoming years.
To reinforce its foundation and pave the way for future endeavours, RSWM has focused on strengthening its existing product verticals. This strategic move aims to bolster cash flows and enable the company to undertake more prominent and stimulating projects moving forward.
RSWM, a leading textile manufacturer, has announced a significant expansion in its denim fabric capabilities with the addition of 7 lakh meters per month. This move is expected to not only increase the company’s market share with existing clients but also attract global names to its prestigious clientele.
The Chairman & Managing Director, Mr Riju Jhunjhunwala, shared his thoughts on the company’s performance, challenges, and future growth plans. He emphasized the focus on long-term growth as the key to generating value and outlined the strategies for achieving this goal. Strengthening competitive advantages, disciplined capital allocation, and pursuing efficiencies were highlighted as crucial steps.
Despite the prevailing negative sentiments, RSWM highlighted two positives. Firstly, the company’s efforts to foster strong relationships with both existing and potential customers were commendable. Secondly, despite the challenging business environment, RSWM maintained its planned investments in both verticals, investing around Rs. 410 crore in FY23.
Looking ahead, RSWM is preparing for the future with its ambitious roadmap titled Vision 2030, which projects the company’s strategy beyond 2024. Key projects include increasing yarn capacity, expanding value-added denim products and garment manufacturing, revamping the R&D facility, and implementing cutting-edge IT solutions.
Moreover, RSWM acknowledges the increasing importance of sustainability and is committed to investing in strategies and technologies to reduce its carbon footprint. The company aims to achieve significant growth in its topline and profitability while maintaining high quality in all aspects of its business.
In summary, RSWM’s expansion in denim fabric capabilities, coupled with its long-term growth strategies, signals a positive outlook for the company and the Indian textile sector overall. With a strong focus on innovation, sustainability, and customer relationships, RSWM is poised for success in the years to come.
