Siyaram Silk Mills

Siyaram
Private
Industry Textile and garment manufacture, Fashion
Headquarters Mumbai, India
Area served
 India, Middle East, Sri Lanka
Number of employees
 650 (2013)
Website Siyaram.com

Siyaram Silk Mills, Ltd, also known as Siyaram's and as SSM,[1] is an Indian blended fabric and garment-manufacturer,[2] with an associated chain of retail outlets and branded showrooms. Siyaram's was incorporated in 1978,[3] and is headquartered in the Kamala Mills compound, Lower Parel, Mumbai.[4]

Structure

Siyaram Silk Mills Ltd (SSM) is part of the Siyaram Poddar Group, which also comprises Balkrishna Industries Ltd and Govind Rubber Ltd, all listed companies at Bombay Stock Exchange.[5] SSM is a small cap company with a market cap of Rs 936.75 Cr.[6] Siyaram's manufactures and sells fabrics,[7] ready-made men’s and women's apparel, home furnishing, and yarns.[1][3][8][9] Siyaram's is associated with over 1 lakh retail outlets,[2] and has over 170 branded showrooms spread across the nation.[9] In the March 2014 quarter, the company's annualized net profit was Rs 20.2 Cr.[2] Siyaram’s produces over 4 million metres of fabric produced per month;[3] over 60 million meters of fabric annually.[10]

Siyaram's brands include J Hampstead, Oxemberg among others.[11]

Product line

According to the Economic Times, polyester viscose, derived from crude oil, forms nearly 85% of Siyaram's raw material.[2] In 2014, Siyaram's saw 80% of revenues from fabric sales, 16% from garments, and 4% from yarn.[2] Siyaram's weaving capacity is 8 crore metres; garment capacity is 40 lakh pieces per annum.[2]

Like some other textile manufacturers, Siyaram's has entered the ready made-garment (RMG) sector. Beginning in 2004,[12] it has developed product lines in home furnishing, uniform, children's clothing, and a women's line.[13]

On 24 September 2015, Siyaram's Silk Mills announced its global venture with a prominent Italian brand, Cadini[14][15] at Sahara Star, Mumbai. The company plans to develop an exclusive range of fabrics in long staple cotton, Giza cotton, linen, wool cashmere, wool-silk-linen, silk, wool blends, and jacketing fabrics in linen.

References

  1. 1 2 Hrithik Kiran Bagade, SV Krishnamachari (26 Feb 2013). "Womenswear to propel Siyaram's topline growth". Deccan Herald. Retrieved 26 Feb 2013.
  2. 1 2 3 4 5 6 Rajesh Naidu. Consistent Siyaram’s an attractive option for investors. ET Bureau, Times Internet Limited (Times of India)
  3. 1 2 3 NDTV Convergence Limited, Market Data provided by Accord Fintech
  4. ↑ Siyaram, Contact Us. "Siyaram - Contact Us". http://www.siyaram.com. External link in |website= (help)
  5. ↑ Govind Rubber Limited Announced Business Expansion Plan. India PRwire July 19, 2012
  6. ↑ http://economictimes.indiatimes.com/siyaram-silk-mills-ltd/stocks/companyid-13098.cms
  7. ↑ "Siyaram's expanding aggressively using the franchising module". Rediff News. Rediff. 10 Oct 2014. Retrieved 10 Oct 2014.
  8. ↑ "Siyaram plans to enter home furnishing". http://www.thehindubusinessline.com/. External link in |website= (help)
  9. 1 2 "Siyaram's expanding aggressively using the franchising module". Indian Television. 5 November 2014. Retrieved 5 November 2014.
  10. ↑ "Interview with Shri Ramesh Poddar, MD of Siyaram Silk Mills Ltd". http://www.textilevaluechain.com/. External link in |website= (help)
  11. ↑ "Siyaram to introduce three new brands". Business Standard. Retrieved 18 October 2015.
  12. ↑ "Siyaram launches 'Featherz' brand". Economic Times. Indiatimes. 29 Dec 2004. Retrieved 29 Dec 2004.
  13. ↑ Sangeetha G. "Siya". http://www.mydigitalfc.com/. My Digital FC (Financial Chronicle). Retrieved 4 March 2013. External link in |website= (help)
  14. ↑ PTI. "Siyaram announces joint venture with Italian lifestyle brand Cadini". http://economictimes.indiatimes.com. Economic times. Retrieved 24 September 2015. External link in |website= (help)
  15. ↑ BS Reporter. "Siyaram Silk Mills buys rights of Italian brand Cadini". http://www.business-standard.com/. Business Standard. Retrieved 24 September 2015. External link in |website= (help)
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