CHAIRMAN K.P. RAMASAMY stitched up KPR Mill, much like piecing together a T-shirt-one step at a time. First, the front and back pieces were sewn together with its yarn and fabric businesses; the sleeve attachment came next with the garment business; the addition of fabric processing, printing, and embroidery capacities reinforced it like the side seams and neckline; and the sugar and ethanol business to fulfil power requirements served as the hem for a good finish.
"We didn't bring in everything suddenly. We went step by step," says Ramasamy, the patriarch of one of India's largest vertically integrated knitwear garment manufacturers, which exports to top global fashion brands like Marks & Spencer, H&M, and Primark. The profitable family-driven business generates more than ₹6,000 crore in revenues annually. Founded four decades ago by Ramasamy and his brothers, it had evolved into a yarn-and-fabric maker by 2010, catering to both domestic and international markets, with a small garment export business churning out 50 million pieces. Given the low profit margins on yarn and fabric, it made sense to broaden the scope of garment exports.
Initially, KPR Mill outsourced washing, dyeing, printing and embroidery due to a lack of crucial fabric processing capabilities in-house. But 5% of the consignment would get rejected by buyers due to damages. "When we tried it in-house, the rejects fell to 1% and we saved money," explains Ramasamy. This led them to focus on integrating spinning, knitting, processing and garmenting during 2010-15. KPR Mill now has 15 factories to spin cotton into yarn, knit yarn into fabric, process the fabric, and produce 150 million garments for export annually. It ships more than 140 million pieces, mostly to Europe, North America, Australia and the rest of Asia. Now, garment exports account for 40% of its revenues, or about ₹2,400 crore, up from ₹230 crore in FY10.
Diese Geschichte stammt aus der March 17, 2024-Ausgabe von Business Today India.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der March 17, 2024-Ausgabe von Business Today India.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
DE-RISKING THE BOOKS
INDIAN BANKS ARE BEGINNING TO TAKE BABY STEPS TOWARDS ADDRESSING CLIMATE-RELATED FINANCIAL RISKS IN THEIR BOOKS. BUT THEY MUST PUT THEIR FOOT ON THE PEDAL AND ENHANCE PREPAREDNESS
PAYING FOR CHANGE
WITH EXTREME WEATHER INCREASINGLY PUTTING THE COUNTRY AND ITS ECONOMY AT RISK, INDIA SHOULD EXPLORE CLIMATE FINANCE PATHWAYS TO FUND ITS NET-ZERO JOURNEY TOWARDS A GREENER FUTURE
BEYOND THE BLIP
ESG HAS BEEN UNDER SCRUTINY GLOBALLY AMID ALLEGATIONS OF GREENWASHING AND RECORD REDEMPTIONS FROM ESG FUNDS. BUT THAT MAY JUST BE ONE SIDE OF THE STORY, SINCE SUSTAINABLE PRACTICES HAVE BECOME CORE COMPONENTS OF COMPANIES' STRATEGIES
BANDHAN AT A CROSSROADS
THE BELEAGUERED LENDER, LED BY CHANDRA SHEKHAR GHOSH, HAS FACED A HOST OF CHALLENGES IN RECENT TIMES. IT HAS READIED A BLUEPRINT TO DEAL WITH THEM. BUT WILL IT SUCCEED WITHOUT GHOSH AT THE HELM?
RESULT AND REPERCUSSIONS
After the verdict, the Street has turned cautious with analysts expecting the new government to reassess some of its policy priorities
D-STREET ANGELS
FACED WITH A DEARTH OF PURE-PLAY THEMES IN THE SECONDARY MARKETS, SEASONED INVESTORS LIKE VIJAY KEDIA, MUKUL MAHAVIR AGRAWAL, AND THE JHUNJHUNWALAS HAVE TRAINED THEIR SIGHTS ON THE START-UP
A Man of Multitudes
IN A NEW BOOK, CAPTAINS OF INDIA INC. AND OTHERS PAY TRIBUTE TO RAHUL BAJAJ, THE TITAN OF INDIAN INDUSTRY
HOUSE OF THE RISING SUN
WITH THE GOVERNMENT OFFERING SUBSIDIES UNDER THE PM SURYA GHAR MUFT BIJLI YOJANA, MANY HOUSEHOLDS HAVE TAKEN A SHINE TO SOLAR ROOFTOP PANELS. BUT HOW MUCH DO THEY COST?
FROM GREY TO GREEN
WITH THE CLIMATE CRISIS BECOMING MORE ACUTE, GREEN HYDROGEN COULD BE AN IMPORTANT SOLUTION
ECO CHAMBER
DATA CENTRES ARE A VERY VITAL PART OF THE DIGITAL TRANSFORMATION THAT IS UNDERWAY, BUT THERE'S A PROBLEM: THEY CONSUME TOO MUCH ENERGY. AS DEMAND FOR SUCH CENTRES INCREASES IN INDIA, IT HAS NO OPTION BUT TO EMBRACE GREEN SOLUTIONS