Sudar Industries Wins ILC Power Brand 2013 as Emerging Company of the Year in Textiles

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.