ARVIND LIMITED
The market for Indian textiles and apparel is projected to grow at a 10% CAGR to reach US$ 350 billion by 2030, with exports expected to reach US$100 billion.
Arvind Limited’s principal products/services are finished fabrics and garments. Its segments are textiles, brands, retail, and others. The textiles segment includes fabric, yarn, and garments. The brands and retail segment include retailing of branded garments, apparels, and fabrics. The others segment includes technical textile, e-commerce, and project activity. It also manufactures cotton shirting, denim, knits, and bottom weights (Khakis) fabrics, and jeans and shirts garments. The Company, through its subsidiary, Arvind Lifestyle Brands Limited, markets branded apparel and licenses international brands in India. Its brands portfolio includes international brands, such as Arrow, US Polo, Izod, Elle and Cherokee. It also operates MEGAMART apparel value retail stores. It also has presence in telecom business directly and through joint venture companies.
- 42,000 employees
- 15 global apparel brands
- Consolidated net profit stood at Rs. 304.90 crore (US$ 36.52 million) in FY24
- Largest fire protection fabric producer in the country
Arvind Limited
| Year | Milestone |
|---|---|
| 2023 |
In June 2023, the company is planning to invest Rs. 600 crore (US$ 72.19 million) over the next two years (FY24 and FY25) to grow its AMD and Garments businesses. In May 2023, the board of directors approved the “issue of Non-Convertible Debentures up to Rs. 200 crore (US$ 24.06 million), in one or more tranches, on private-placement basis. Arvind Ltd expands retail presence with its largest store in south India. |
| 2022 |
The textile ministry has selected 61 companies, including Arvind Limited to enjoy benefits under its US$ 1.3 billion (Rs 10,683 crore) production-linked incentive (PLI) scheme for the labour-intensive textiles and garment sector. The companies have pledged to invest US$ 2.32 billion (Rs. 19,077) crore over five years under the scheme, which will lead to an incremental turnover of US$ 22.55 billion (Rs 1.85 trillion) and direct employment generation for 240,000 people. |
| 2021 |
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 Arvind launched its own ready-to-wear brand |
| 2016 |
Arvind launched Nnnow.com (E-shopping) |
| 2014 |
Arvind announced tie up with The Children's Place, America largest children's specialty retailer |
| 2012 |
Arvind acquired Debenhams, Nautica and Next Business in India |
| 2008 |
Name of the company has been changed from "The Arvind Mills Ltd" to "Arvind Ltd" |
| 1998 |
Arvind Ltd became the third largest denim producer in the world |
| 1992 |
The company increased the production of denim cloth by 23,000 tonnes per day by modernizing 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 in December in Ahmedabad. The company manufactured cotton textiles |
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