Mohite Industries Ltd. was established in 1990. Founded by the enterprising family of Mohite, it was vastly different from their well-publicized venture related to constructing earthen dams. The dream of this company was to rewrite the rules of the textile industry. With a sprawling 35-acre facility in Vadgaon, near Kolhapur, Maharashtra, Mohite Industries has leveraged cutting-edge technology and machinery to raise new benchmarks in the production of textiles. “The company has seen a significant growth-from a revenue of 104 crores and a profit of 1 crore last year to a revenue of 850 crores and a profit of 75 crores this year,” said Chetan Joshi, Executive Director. A journey from tradition to technology
This firm is making headlines after a possible 3000 crore deal with the fashion giants, Zara (Spain) and Uniqlo (Japan). According to trade experts, the shares of the company presently trading at Rs 60 may touch Rs 900 in the next 10-12 months. We shall elaborate a little more why experts and trade pundits have forecasted a 1500% leap.
International Quality Standards
In addition, the company has invested in high quality machinery from the global leaders like Rieter, Schlafhorst, Luwa, Volkmann, and Uster. This has, therefore improved the capacity to produce high quality yarn for exports to various countries. Other than the product, the company also works with its suppliers to ensure raw quality materials.
Diversification Growth
Having started with the product line of manufacturing and exporting 100% cotton yarn in the count range from 20’s to 60’s, Mohite Industries Ltd. has diversified its product line to incorporate gray knitted fabric as well. It was aware of the spurring demand for this product and, hence, installed advanced knitting machines. Fabric processing units are to be set up further, which indicates a keen desire to go deeper in the textile value chain.
Innovation at the Heart
The development and research wing of Mohite Industries Ltd. is actively engaged in innovation with solutions that cater to the needs of individual customers. This customer-centric approach, coupled with relentless pursuit for newer markets and challenges, has placed Mohite Industries today as a dynamic and forward-thinking company.
Global Partnerships and Growth
Mohite Industries Ltd. has, in recent times forged some strategic ties with the global leaders of fashion in Spain and Japan. The company is expected to receive manifold increases in demand for their products as a result of which revenues and profitability are expected to grow manifold.
A Unique Patented Yarn:
A major accomplishment of Mohite Industries Ltd. in the near past has been the development of patented yarn that scores high on several attributes. As this yarn is stronger and softer and more color-fast, it finds great applicability in all high-end textile products. The fact that its use in products developed by global fashion behemoths will make it possible to widely utilize its wide applicability across all such high-end fashion products.
Conclusion
It would be an inspiring example for any family business about Mohite Industries Ltd., how technology and innovation can allow a company to gain world-level success. The complete dedication toward quality, customer satisfaction, and sustainable growth has made this a winner in the textile industry. Of course, with its focus on research and development, strategic partnerships, and diversified product portfolio, Mohite Industries Ltd would certainly continue its upward trajectory and set a new benchmark for the textile sector from here on.”.
