VMPL New Delhi [India], October 19: Established in 1990, Mohite Industries Ltd. marked a significant departure from the Mohite family's traditional business of constructing earthen dams. By venturing into the textile industry, the company embarked on a journey to redefine the sector.
With a sprawling 35-acre facility in Vadgaon, near Kolhapur, Maharashtra, Mohite Industries has leveraged cutting-edge technology and machinery to set new benchmarks in textile production."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." Also Read | Andhra Pradesh: ED Raids Ex-YSRCP MP MVV Satyanarayana's House, Linked Persons in Money Laundering and Land Scam Case.
A Journey from Tradition to Technology "After a potential 3000 crore deal with fashion giants Zara (Spain) and Uniqlo (Japan), this company is in the news. According to trade experts, the company's shares, currently trading at Rs 60, could cross the Rs 900 mark in the next 10-12 months. Let's delve deeper into the experts' and trade pundits' rationale behind this projected 1500% increase.
" Also Read | Suho aka Kim Jun Myeon in India: EXO Leader Charms Fans With 'Namaste', K-Pop Star Promises EXOLs To Return With His Bandmates (Watch Video). Global Quality Standards To enhance production capacity, the company has invested in state-of-the-art machinery from renowned global leaders like Rieter, Schlafhorst, Luwa, Volkm.