A Legacy of Innovation 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" "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 pandits' rationale behind this projected 1500% increase. 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, Volkmann, and Uster.
This has enabled the production of premium quality yarn that is exported to various countries. The company's commitment to quality extends beyond its products, with a strong focus on collaborating with suppliers to ensure the highest quality raw materials. Diversification and Growth Initially focusing on the production and export of 100% cotton yarn in the 20's to 60's count range, Mohite Industries Ltd.
has expanded its product portfolio to include gray knitted fabric..