ARVIND LIMITED
India is the second largest textile and clothing exporter in the world, with a total exports of US$ 44.4 billion in FY22.
Arvind Limited’s principal products/services are finished fabrics and garments. Its segments are textiles, brands, retail, and others. The textiles segment includes fabric, yarn, and garments. The brands and retail segment include retailing of branded garments, apparels, and fabrics. The others segment includes technical textile, e-commerce, and project activity. It also manufactures cotton shirting, denim, knits, and bottom weights (Khakis) fabrics, and jeans and shirts garments. The Company, through its subsidiary, Arvind Lifestyle Brands Limited, markets branded apparel and licenses international brands in India. Its brands portfolio includes international brands, such as Arrow, US Polo, Izod, Elle and Cherokee. It also operates MEGAMART apparel value retail stores. It also has presence in telecom business directly and through joint venture companies.
Company Website: http://www.arvind.com/
- 42,000 employees
- 15 global apparel brands
- Standalone total revenue stood at Rs. 2,183.52 crore (US$ 273.87 million) for the first quarter of FY23.
- Largest fire protection fabric producer in the country
Arvind Limited
| Year | Milestone |
|---|---|
| 2021 |
The company posted financial results for Q1 2021, with net sales of Rs. 1,654.9 crore (US $ 227.3 million) and net profit of Rs. 53.3 crore (US$ 7.3 million) On May 23, 2021, Arvind Ltd. announced plans to raise Rs. 200 crore (US $27.5 million) in a BSE filing. The funds will be raised through issuance of non-convertible debentures (NCDs) on a private placement basis. |
| 2020 |
On October 18, 2020, Arvind Ltd. signed an MoU with the Government of Gujarat to build a first-of-its-kind mega apparel facility under the Gujarat Apparel Policy On September 15, 2020, Arvind Limited and ACT Grants jointly announced that they will produce 30 million N95 masks in the next 12 months On July 09, 2020, Flipkart Group bought a minority stake in Arvind Youth Brands, a subsidiary of Arvind Fashions Ltd’s (AFL), for Rs. 260 crore (US$ 36.88 million) Arvind launched anti-viral textile technology for its fabric and garment products under its ‘Intellifabrix’ brand |
| 2019 |
Tied up with GAP Inc to eliminate use of freshwater at Ahmedabad plant |
| 2017 |
Arvind Ltd signed a memorandum of understanding (MoU) the government of Gujarat to set up a mega apparel park with an investment of Rs. 300 crore (US$ 46.07 million) in Dahegam in Ahmedabad district |
| 2017 | Arvind launched its own ready-to-wear brand |
| 2016 | Arvind launched Nnnow.com (e-shopping). |
| 2014 | Arvind announces tie up with The Children's Place, America largest children's specialty retailer. |
| 2012 | Arvind Acquires Debenhams, Nautica and Next Business in India. |
| 2008 | Arvind Mills Ltd has informed that the name of the company has been changed from "The Arvind Mills Ltd" to "Arvind Ltd". |
| 1998 | Arvind Ltd became third largest denim producer in the world. |
| 1992 | The company increased the production of denim cloth by 23,000 tonnes per day by modernising the plant located at Khatraj of Ankur Textiles. |
| 1988 | New product groups identified were the Indigo dyed blue denim, high quality two-ply fabrics for exports, and special products such as butta sarees, full voils and dhoties. |
| 1962 | The company entered into an agreement with Tootal Broadhurst Lee Co Ltd. |
| 1931 | The company was incorporated on December, in Ahmedabad. The company manufactures cotton textiles. |
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