Sudar Industries Wins
ILC Power Brand 2013 as Emerging Company of the Year in Textiles
Murugan Muthiah Thevar
Led Sudar Industries Wins the coveted Emerging Company of the Year in
Textiles at 4th Annual India Leadership
Conclave & Indian Affairs Business Leadership Awards 2013
Mumbai, Maharashtra,Tuesday,9th July 2013 : Sudar Industries
Limited BSE Code 533332, NSE
Symbol,SUDAR, ISIN: INE384L01017, one of the most promising company in the
textiles & Garment sector with a group turnover of more than 150 Crore
& making a strong inroads into the domestic & international market has
been conferred by the Juries of Indian Affairs (www.indianaffairs.tv ) as the Emerging Company of the Year in
Textiles at the historic 4th edition of India Leadership Conclave & Indian
Affairs Business Leadership Awards 2013 ( www.indialeadershipconclave.net/2013
) held in the commercial capital of
Mumbai on Friday 21st June 2013 at Asia’s biggest leadership conclave where
more than 300 iconic leaders were present in a day long conclave.
Sudar Industries has reported a
standalone sales turnover of Rs 126.45 crore and a net profit of Rs 12.20 crore
for the quarter ended Dec '12.Sudar Industries has given 139.38% returns over
the last 6 months and 102.20% over the last 12 months. Receiving the
prestigious title, Mr. Murugan Muthiah Thevar, founder chairman & MD of
Sudar Industries said “ As a emerging company, Sudar has always maintained the
quality keeping the latest trends in innovation & using world-class
innovation in bringing new products in the market & as Sudar attempts to
penetrate the newer market in the international foray, Sudar has set a target
to reach 500 Crore by 2014”.
Sudar Industries is as an
integrated apparel manufacturer with the established capability to design and
manufacture readymade garments across the value chain comprising cutting, body
stitching, washing, ironing and finishing.Sudar
reported a 68.67 per cent growth in revenues and 90 per cent growth in
profit after tax in 2011-2012 from the garment operations. This validated the
trustin the ability to grow business
using stakeholders capital. acquired the Land & Building and Plant &
Machineries of Benzo Petro International Ltd., [BPIL] a Company engaged in the
manufacture of petrochemical products promoted by technocrat promoters from
GAMI FAMILY comprising of Shri D.C. Gami and Shri Ramesh C. Gami through
preferential issue to BPIL.The company specialises in the manufacture of
shirts, trousers and a range of other apparel for men, women and kids. The
company manufactures and markets apparel under its own brand called Glory to Glory.
The Company also engages in contract manufacture for domestic brands and
merchant exporters.Its Products include Men's and kids wear: Plain shirts,
striped shirts, trousers, casual wear, knit wear, patchwork shirts, embroidery
shirts, mix and match shirts, denim and cargos Women's wear: Ladies shirts,
casual wear, knit wear and tank tops Industry Structure and Developments Global
textile industry.The global textile market grew 6.3 per cent in 2011 to USD
630.6 billion. In 2016, the global textile market is expected to reach USD
833.9 billion, an increase of 32.2 per cent over 2011. Fabric accounts for the
largest segment of the global textile market, accounting for 82 per cent of the
market's total value. Asia-Pacific accounts for 60.7 per cent of the global
textile mills market value.Textile production has gradually shifted from
developed / western countries to developing asian countries rapidly in the last
10 years
Mr. Murugan Muthiah Thevar is the
founder and Promoter of our Company. He has completed his matriculation from
Tamil Nadu. He is currently the Chairman and Managing Director of our company.
He has been associated with the apparel manufacturing business since 1992.
Initially, Mr. Murugan Muthiah Thevar commenced business of manufacturing of
readymade garments on job work basis for the exporters through a proprietary
concern named 'Sudar Industries'. Over a period of time due to expansion of the
customer base, increase in demand for readymade garments, and to gain advantage
of having all the outsourced activity under one umbrella, restructuring of the
business was carried out. Accordingly, on January 28 2002, Sudar Industries
Private Limited was incorporated under the Companies Act, 1956 by him. He is
responsible for developing business strategies and instrumental in formulating
strategic growth of our company. He is responsible for conceiving new and
modern innovations in processing fabrics for use in the manufacture of
garments.
Mr Kewal Handa, Former Pfizer
Chief, Dr Mukesh Batra, CMD, Dr Batra’s & Mr Satya Brahma, Chairman &
Editor-In-Chief of Indian Affairs gave away the coveted honors to Sudar
Industries in a glittering award ceremony.
