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{{Short description|Indian textile company}}
{{Use dmy dates|date=May 2018}}
{{Use dmy dates|date=May 2018}}
{{Use Indian English|date=May 2018}}
{{Use Indian English|date=May 2018}}
{{more citations needed|date=August 2010}}
{{more citations needed|date=August 2010}}
{{Infobox company
{{Infobox company
| name = Arvind
| name = Arvind
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Sanjaybhai Lalbhai is the current Chairman and Managing Director of Arvind and Lalbhai Group. In the early 1980s, he led the 'Reno-vision' whereby the company brought denim into the domestic market, thus starting the jeans revolution in [[India]].<ref>{{cite web|url=https://www.bbc.com/news/world-asia-25989261|title=Working Lives India: Denim king|work=BBC News|accessdate=20 May 2015|date=7 February 2014}}</ref> Today it retails its own brands like Flying Machine, Newport and Excalibur and licensed international brands like Arrow, [[Tommy Hilfiger (company)|Tommy Hilfiger]], and [[Calvin Klein (company)|Calvin Klein]] through its nationwide retail network. Arvind also runs three clothing and accessories retail chains, the Arvind Store, Unlimited and Megamart, which stocks company brands.<ref>{{cite news|url=http://www.thehindubusinessline.com/blnus/02261920.htm|title=Arvind Mills lines up Rs 850 cr expansion plan over 5 years|date=26 October 2010|work=Business Line|accessdate=27 December 2010}}{{dead link|date=March 2019}}</ref><ref>{{cite news|url=http://economictimes.indiatimes.com/news/news-by-industry/cons-products/garments-/-textiles/RIL-eyes-Arvind-Mills-manufacturing-facilities/articleshow/2493703.cms|title=RIL eyes Arvind Mills' manufacturing facilities|date=27 October 2007|work=The Economic Times|accessdate=27 December 2010|location=New Delhi|author1=Sharma, Sanjeev |author2=Jha, Mayur Shekhar}}</ref>
Sanjaybhai Lalbhai is the current Chairman and Managing Director of Arvind and Lalbhai Group. In the early 1980s, he led the 'Reno-vision' whereby the company brought denim into the domestic market, thus starting the jeans revolution in [[India]].<ref>{{cite web|url=https://www.bbc.com/news/world-asia-25989261|title=Working Lives India: Denim king|work=BBC News|accessdate=20 May 2015|date=7 February 2014}}</ref> Today it retails its own brands like Flying Machine, Newport and Excalibur and licensed international brands like Arrow, [[Tommy Hilfiger (company)|Tommy Hilfiger]], and [[Calvin Klein (company)|Calvin Klein]] through its nationwide retail network. Arvind also runs three clothing and accessories retail chains, the Arvind Store, Unlimited and Megamart, which stocks company brands.<ref>{{cite news|url=http://www.thehindubusinessline.com/blnus/02261920.htm|title=Arvind Mills lines up Rs 850 cr expansion plan over 5 years|date=26 October 2010|work=Business Line|accessdate=27 December 2010}}{{dead link|date=March 2019}}</ref><ref>{{cite news|url=http://economictimes.indiatimes.com/news/news-by-industry/cons-products/garments-/-textiles/RIL-eyes-Arvind-Mills-manufacturing-facilities/articleshow/2493703.cms|title=RIL eyes Arvind Mills' manufacturing facilities|date=27 October 2007|work=The Economic Times|accessdate=27 December 2010|location=New Delhi|author1=Sharma, Sanjeev |author2=Jha, Mayur Shekhar}}</ref>


==History and Operations==
==History and operations==
 
* 1897: Arvind Mills starts a business for [[saree|sarees.]]
* 1897 – Arvind Mills starts business for [[saree|sarees.]]
* 1931: Arvind Mills Ltd is incorporated by three brothers Kasturbhai, Narottambhai and Chimanbhai.<ref name="Arvind Ref1">{{cite news |title=Arvind Ltd. |url=https://www.business-standard.com/company/arvind-ltd-29/information/company-history |access-date=9 May 2021 |publisher=Business Standard India}}</ref> with a share capital of ₹165,000 ($2500) in [[Ahmedabad]]. The products manufactured are dhoties, [[saree]]s, mulls, dorias, crepes, shirtings, [[lingerie]], coatings, printed lawns and voiles cambrics, twills and gaberdine.
* 1931 – Arvind Mills Ltd is incorporated by three brothers Kasturbhai, Narottambhai and Chimanbhai.<ref name="Arvind Ref1">{{cite news |title=Arvind Ltd. |url=https://www.business-standard.com/company/arvind-ltd-29/information/company-history |access-date=9 May 2021 |publisher=Business Standard India}}</ref> with a share capital of ₹165,000 ($2500) in [[Ahmedabad]]. The products manufactured are dhoties, [[saree]]s, mulls, dorias, crepes, shirtings, [[lingerie]], coatings, printed lawns and voiles cambrics, twills and gaberdine.
* 1934: Becomes established as the foremost textile units in the country.<ref name="Arvind Ref1" />
* 1934 - Becomes established as the foremost textile units in the country.<ref name="Arvind Ref1" />
* 1985: Diversified into electronics by setting up a plant to manufacture electronic telephone exchanges (EPABX) and also entering into marketing pharmaceutical products and B&W and colour television sets under the name Pyramid.<ref name="Arvind Ref1" />
* 1985 - Diversified into electronics by setting up a plant to manufacture electronic telephone exchanges (EPABX) and also entering into marketing pharmaceutical products and B&W and colour television sets under the name Pyramid.<ref name="Arvind Ref1" />
* 1986: Becomes first company in [[India]] bring globally accepted fabrics such as Denim yarn dyed shirting fabrics & wrinkle free gabardines.<ref name="Arvind Ref1" />
* 1986 - Becomes first company in [[India]] bring globally accepted fabrics such as Denim yarn dyed shirting fabrics & wrinkle free gabardines.<ref name="Arvind Ref1" />
* 1987: The company takes up a [[modernisation]] program to triple the production of denim cloth and to produce double [[yarn]] fabrics for [[exports]]. The new product groups identified are: [[indigo]] dyed blue denim and high-quality two-ply fabrics for exports, and products such as butta sarees, full voiles and dhoties. Also started retail outlets for 'Arrow' brand and became the first company in [[India]] to bring international shirt brand 'Arrow'.<ref name="Arvind Ref1" />
* 1987 – The company takes up a [[modernisation]] program to triple the production of denim cloth and to produce double [[yarn]] fabrics for [[exports]]. The new product groups identified are: [[indigo]] dyed blue denim and high-quality two-ply fabrics for exports, and products such as butta sarees, full voiles and dhoties. Also started retail outlets for 'Arrow' brand and became the first company in [[India]] to bring international shirt brand 'Arrow'.<ref name="Arvind Ref1" />
* 1991: Arvind reaches 100&nbsp; million meters of denim per year, becoming the fourth-largest producer of denim in the world.
* 1991 – Arvind reaches 100&nbsp; million meters of denim per year, becoming the fourth-largest producer of denim in the world.
* 1992: The company increases production of denim cloth by 23,000 tonnes per day by modernising the plant at Khatraj of Ankur Textiles.
* 1992 – The company increases production of denim cloth by 23,000 tonnes per day by modernising the plant at Khatraj of Ankur Textiles.
* 1994: The company's operations are divided into textile, telecom and garments divisions.
* 1994 – The company's operations are divided into textile, telecom and garments divisions.
* 1995: The garment division launches ready to stitch jeans pack under the brand Ruf & Tuf.
* 1995 – The garment division launches ready to stitch jeans pack under the brand Ruf & Tuf.
* 1997: The marketing and distribution network of the Newport brand is strengthened and the relaunched Flying Machine and Ruggers brands were strengthened.
* 1997 – The marketing and distribution network of the Newport brand is strengthened and the relaunched Flying Machine and Ruggers brands were strengthened.
** Arvind Mills sets up an anti-[[piracy]] cell for the first time in [[India]] to curb large scale counterfeiting of their brands Ruf & Tuf and Newport jeans.
** Arvind Mills sets up an anti-[[piracy]] cell for the first time in [[India]] to curb large scale counterfeiting of their brands Ruf & Tuf and Newport jeans.
** Arvind Mills adopts the franchisee system for manufacturing and distribution of Ruf & Tuf jeans.
** Arvind Mills adopts the franchisee system for manufacturing and distribution of Ruf & Tuf jeans.
** Arvind Fashions doubles capacity at the [[Bangalore]] manufacturing facility to produce [[Lee (Jeans)|Lee]] jeans.
** Arvind Fashions doubles capacity at the [[Bangalore]] manufacturing facility to produce [[Lee (Jeans)|Lee]] jeans.
* 1998 – Arvind Mills emerges as the world's third largest manufacturer of denim.
* 1998: Arvind Mills emerges as the world's third largest manufacturer of denim.
** Arvind Mills goes live with [[SAP R/3]] ERP package in April 1997 in their new manufacturing units.
** Arvind Mills goes live with [[SAP R/3]] ERP package in April 1997 in their new manufacturing units.
* 2001-02 - company increases the number of Spindles and Stitching Machines by 2036 Nos and 38 Nos respectively.<ref name="Arvind Ref1" />
* 2001 (February): company increases the number of Spindles and Stitching Machines by 2036 Nos and 38 Nos respectively.<ref name="Arvind Ref1" />
* 2003 – For the fourth quarter, Arvind Mills saw a 280% growth in net profit.
* 2003: For the fourth quarter, Arvind Mills saw a 280% growth in net profit.
** Arvind Mills Ltd is assigned a "P1+" rating by [[CRISIL]], which indicates a very strong rating for their commercial paper.
** Arvind Mills Ltd is assigned a "P1+" rating by [[CRISIL]], which indicates a very strong rating for their [[commercial paper]].
**increases the number of Stitching machines by 7 Nos.<ref name="Arvind Ref1" />
** Increases the number of Stitching machines by 7 Nos.<ref name="Arvind Ref1" />
* 2004 - Expanded their shirts manufacturing capacity from 2.4 million pieces to 4.8 million pieces per annum.<ref name="Arvind Ref1" /> Its subsidiary company Arvind Spinning Ltd commences its operation.<ref name="Arvind Ref1" />
* 2004: Expanded their shirts manufacturing capacity from 2.4 million pieces to 4.8 million pieces per annum.<ref name="Arvind Ref1" /> Its subsidiary company Arvind Spinning Ltd commences its operation.<ref name="Arvind Ref1" />
* 2005 – For the fourth quarter in a row, Arvind Mills posts a profit growth in excess of 80%.
* 2005: For the fourth quarter in a row, Arvind Mills posts a profit growth in excess of 80%.
** Arvind Mills buys the entire stake in Arvind Brands from [[ICICI]] Ventures.
** Arvind Mills buys the entire stake in Arvind Brands from [[ICICI]] Ventures.
**commenced their operations of producing Jeans Pant in [[Bangalore]] with the installed capacity of 4 million Pcs per annum from March.<ref name="Arvind Ref1" />
** commenced their operations of producing Jeans Pant in [[Bangalore]] with the installed capacity of 4 million Pcs per annum from March.<ref name="Arvind Ref1" />
*2006 – New Denim collection was launched aimed at Super Premium brands of [[United States|US]],[[Europe]],[[Japan]] and [[South Korea|Korea]]. Also opened new venues for the Denim division as   response to this collection was good.<ref name="Arvind Ref1" />
* 2006: New Denim collection was launched aimed at Super Premium brands of [[United States|US]], [[Europe]], [[Japan]] and [[South Korea|Korea]]. Also opened new venues for the Denim division as response to this collection was good.<ref name="Arvind Ref1" />
 
** April: Demerge and transfer of the Garments Business Division to their 100% subsidiary company Arvind Brands Ltd and amalgamating Arvind Fashions Ltd a 100% subsidiary of Arvind Brands Ltd with Arvind Mills.<ref name="Arvind Ref1" /> Joint venture with company Arvind Murjani Brand Pvt Ltd through which they hold license to sell Tommy Hilfiger brand apparel in India.<ref name="Arvind Ref1" />
April - Demerge and transfer of the Garments Business Division to their 100% subsidiary company Arvind Brands Ltd and amalgamating Arvind Fashions Ltd a 100% subsidiary of Arvind Brands Ltd with Arvind Mills.<ref name="Arvind Ref1" /> Joint venture with company Arvind Murjani Brand Pvt Ltd through which they hold license to sell Tommy Hilfiger brand apparel in India.<ref name="Arvind Ref1" />
** August: Wholesale branded apparel business of Arvind Fashions Ltd sold to VF Arvind Brands Pvt Ltd.<ref name="Arvind Ref1" />
 
*2007: Arvind expands its presence in the retail segment by establishing MegaMart, one of India's largest value retail chains.
August - Wholesale branded apparel business of Arvind Fashions Ltd sold to VF Arvind Brands Pvt Ltd.<ref name="Arvind Ref1" />
*2008: From March, company signs an exclusive license agreement with The Philips-Van Heusen Corporation for designing,distribution and retailing of IZOD brand apparels in [[India]].<ref name="Arvind Ref1" />
*2007 – Arvind expands its presence in the retail segment by establishing MegaMart, one of India's largest value retail chains.
** May: Company's name changed from Arvind Mills Ltd to Arvind Ltd to accurately reflect the multi-faceted nature of the organization.<ref name="Arvind Ref1" />
*2008 - From March, company signs an exclusive license agreement with The Philips-Van Heusen Corporation for designing,distribution and retailing of IZOD brand apparels in [[India]].<ref name="Arvind Ref1" />
*2010: Arvind launches "Arvind Store", a concept showcasing the company's best fabrics, brands and bespoke styling and tailoring solutions under one roof.  
 
** September: Sets up a 30 million meters of denim manufacturing plant in [[Bangladesh]] with a total investment of $60 million in joint venture with Nitol group where the latter will have 20% stake in the joint venture company.<ref name="Arvind Ref1" />
May - Company's name changed from Arvind Mills Ltd to Arvind Ltd to accurately reflect the multi-faceted nature of the organization.<ref name="Arvind Ref1" />
*2010 – Arvind launches "Arvind Store", a concept showcasing the company's best fabrics, brands and bespoke styling and tailoring solutions under one roof.  
 
September - Sets up a 30 million meters of denim manufacturing plant in [[Bangladesh]] with a total investment of $60 million in joint venture with Nitol group where the latter will have 20% stake in the joint venture company.<ref name="Arvind Ref1" />
** Arvind launches its first major real estate project.
** Arvind launches its first major real estate project.
** Arvind becomes one of India's largest producers of fire protection fabrics.
** Arvind becomes one of India's largest producers of fire protection fabrics.
* 2011 - November - Arvind announced that it has divested its minority stake of 40% in VF Arvind Brands Private Limited (VFABPL),which is engaged in marketing products under the brands Lee and Wrangler and was formed in September 2006 with 60:40 shareholding between VF Mauritius and Arvind, to VF Mauritius for Rs 257 crore.<ref name="Arvind Ref1" /> Arvind share in the Joint Venture was Rs 5.47 crore as the capital of the joint venture company.<ref name="Arvind Ref1" />
* 2011 (November): Arvind announced that it has divested its minority stake of 40% in VF Arvind Brands Private Limited (VFABPL),which is engaged in marketing products under the brands Lee and Wrangler and was formed in September 2006 with 60:40 shareholding between VF Mauritius and Arvind, to VF Mauritius for Rs 257 crore.<ref name="Arvind Ref1" /> Arvind share in the Joint Venture was Rs 5.47 crore as the capital of the joint venture company.<ref name="Arvind Ref1" />
* 2012 – joint venture with PD Group, [[Germany]], for manufacturing glass fabrics.
* 2012: joint venture with PD Group, [[Germany]], for manufacturing glass fabrics.
September – Arvind's subsidiary Arvind Lifestyle Brands acquired the business operations of British fashion retailers Debenhams and Next and American Lifestyle brand Nautica in [[India]] from Planet Retail marking the entry of Arvind into the Bridge to Luxury Department Store Segment and also entering into the fast growing segment of apparel specialty retail through Next stores.<ref name="Arvind Ref1" /> The licensing agreement with Nautica consolidates company's already strong position in high potential sportswear segment.<ref name="Arvind Ref1" />
September: Arvind's subsidiary Arvind Lifestyle Brands acquired the business operations of British fashion retailers Debenhams and Next and American Lifestyle brand Nautica in [[India]] from Planet Retail marking the entry of Arvind into the Bridge to Luxury Department Store Segment and also entering into the fast growing segment of apparel specialty retail through Next stores.<ref name="Arvind Ref1" /> The licensing agreement with Nautica consolidates company's already strong position in high potential sportswear segment.<ref name="Arvind Ref1" />
 
* 2014: joint venture with PVH Corp for Calvin Klein Businesses in [[India]].
* 2014 – joint venture with PVH Corp for Calvin Klein Businesses in [[India]].
** Launches formal suits with Goodhill Corporation Limited of [[Japan]].
** Launches formal suits with Goodhill Corporation Limited of [[Japan]].
**Arvind Envisol, a subsidiary of the company providing waste water treatment solutions acquired a global patent for its Polymeric Film Evaporation Technology (PFET) as this revolutionary technology helps it to save 80% energy cost for Envisol's Zero Liquid Discharge water treatment system.<ref name="Arvind Ref1" />
** Arvind Envisol, a subsidiary of the company providing waste water treatment solutions acquired a global patent for its Polymeric Film Evaporation Technology (PFET) as this revolutionary technology helps it to save 80% energy cost for Envisol's Zero Liquid Discharge water treatment system.<ref name="Arvind Ref1" />
* 2014 – joint venture with OG Corp, Japan, for manufacturing and sale of non-woven fabrics, the project being spearheaded by Dr. Kunal Shah.
* 2014: joint venture with OG Corp, Japan, for manufacturing and sale of non-woven fabrics, the project being spearheaded by Dr. Kunal Shah.
* 2014 – forays into the E-commerce segment with custom clothing brand Creyate, offering fine bespoke menswear with a degree of customisation rarely found.<ref name="Arvind Ref1" /><ref>{{cite news| url=http://www.btvin.com/videos/watch/8451/arvind-forays-into-e-commerce-| title= Arvind Forays Into E-Commerce| publisher= [[Bloomberg TV India]] |date=19 August 2014 |author=Hegde, Prabha}}</ref>
* 2014: forays into the E-commerce segment with custom clothing brand Creyate, offering fine bespoke menswear with a degree of customisation rarely found.<ref name="Arvind Ref1" /><ref>{{cite news| url=http://www.btvin.com/videos/watch/8451/arvind-forays-into-e-commerce-| title= Arvind Forays Into E-Commerce| publisher= [[Bloomberg TV India]] |date=19 August 2014 |author=Hegde, Prabha}}</ref>
* 2014 – The company publishes its first Sustainability Report, 'Fundamentally Right'.<ref>{{cite web|url=http://apparelresources.com/wp-content/uploads/woocommerce_uploads/2016/12/arvind-sustainability-report.pdf |accessdate=30 March 2019 |title=Fundamentally Right {{!}} Arvind Sustainability Report 2013-14 |publisher=Arvind}}</ref>
* 2014: The company publishes its first Sustainability Report, 'Fundamentally Right'.<ref>{{cite web|url=http://apparelresources.com/wp-content/uploads/woocommerce_uploads/2016/12/arvind-sustainability-report.pdf |accessdate=30 March 2019 |title=Fundamentally Right {{!}} Arvind Sustainability Report 2013-14 |publisher=Arvind}}</ref>
* 2015 – partnered with USA-headquartered Invista,owner of the Lycra fibre brand to manufacture stretch denim fabric in India.<ref name="Arvind Ref1" />
* 2015: partnered with USA-headquartered Invista,owner of the Lycra fibre brand to manufacture stretch denim fabric in India.<ref name="Arvind Ref1" />
** company launches denim fabric Khadi Denim.<ref name="Arvind Ref1" />
** Company launches denim fabric Khadi Denim.<ref name="Arvind Ref1" />
**collaborates with world's largest internet giant and most renowned denim brand and launches wearable denim technology and smart denim jackets.<ref name="Arvind Ref1" />
** Collaborates with world's largest internet giant and most renowned denim brand and launches wearable denim technology and smart denim jackets.<ref name="Arvind Ref1" />
** launches a 4-in-1 smart shirt in association with Arrow.<ref name="Arvind Ref1" />
** Caunches a 4-in-1 smart shirt in association with Arrow.<ref name="Arvind Ref1" />
* 2016 – The company enters online retailing with NNNow.com,a one-stop shopping destination for trendsetters across India.<ref>{{cite web|url=http://www.thehindubusinessline.com/companies/arvind-to-digitise-its-textile-stores/article8650994.ece|title=Arvind to digitise its textile stores|last=Pani|first=Priyanka|date=26 May 2016|website=The Hindu Business Line|access-date=13 June 2016}}</ref>
* 2016: The company enters online retailing with NNNow.com,a one-stop shopping destination for trendsetters across India.<ref>{{cite web|url=http://www.thehindubusinessline.com/companies/arvind-to-digitise-its-textile-stores/article8650994.ece|title=Arvind to digitise its textile stores|last=Pani|first=Priyanka|date=26 May 2016|website=The Hindu Business Line|access-date=13 June 2016}}</ref>
* 2016 – GAP joins hands with Arvind to sell apparels through NNNow.com<ref name="Arvind Ref1" />.<ref>{{Cite news|url=https://www.thehindubusinessline.com/companies/gap-joins-hands-with-arvind-to-sell-apparels-through-nnnowcom/article9208210.ece|title=GAP joins hands with Arvind to sell apparels through NNNow.com|date=11 October 2016|newspaper=The Hindu Business Line |access-date=10 May 2018 }}</ref>
* 2016: GAP joins hands with Arvind to sell apparels through NNNow.com<ref name="Arvind Ref1" />.<ref>{{Cite news|url=https://www.thehindubusinessline.com/companies/gap-joins-hands-with-arvind-to-sell-apparels-through-nnnowcom/article9208210.ece|title=GAP joins hands with Arvind to sell apparels through NNNow.com|date=11 October 2016|newspaper=The Hindu Business Line |access-date=10 May 2018 }}</ref>
* 2016 – Arvind Fashion Brands ties up with cricket legend [[Sachin Tendulkar]] and launches True Blue, a menswear label that embodies the spirit of the global Indian.<ref name="Arvind Ref1" />
* 2016: Arvind Fashion Brands ties up with cricket legend [[Sachin Tendulkar]] and launches True Blue, a menswear label that embodies the spirit of the global Indian.<ref name="Arvind Ref1" />
* 2016 - October,announces decision to generate about Rs 740 crores by diluting 10% stake in its brand business arm pegging its enterprise value at Rs 8000 crore and same will be picked up by Multiples, the Private Equity firm founded by Renuka Ramnath.<ref name="Arvind Ref1" />
* 2016 (October) announces decision to generate about Rs 740 crores by diluting 10% stake in its brand business arm pegging its enterprise value at Rs 8000 crore and same will be picked up by Multiples, the Private Equity firm founded by Renuka Ramnath.<ref name="Arvind Ref1" />
* 2017 - launches its own Ready-To-Wear brand.<ref name="Arvind Ref1" />
* 2017: Launches its own Ready-To-Wear brand.<ref name="Arvind Ref1" />
** October - signs a Memorandum of Understanding (MoU) with the Gujarat state government to establish a mega apparel factory in the state, a Rs 300-crore project in Dahegam with capacity to produce over 24 million garments once fully operational.<ref name="Arvind Ref1" />
** October: signs a Memorandum of Understanding (MoU) with the Gujarat state government to establish a mega apparel factory in the state, a Rs 300-crore project in Dahegam with capacity to produce over 24 million garments once fully operational.<ref name="Arvind Ref1" />
** November - India's largest textile and branded apparel player announces decision to demerge its Branded Apparel and Engineering businesses from the parent company, into the entity Arvind Fashions Limited and the shareholders of Arvind Limited will be entitled for 1 equity shares of Arvind Fashions Limited for every 5 shares held by them in parent company.<ref name="Arvind Ref1" /> Engineering business will be demerged into an entity named as Anup Engineering and will be engaged in the manufacturing of critical process equipment and Shareholders of Arvind Limited will be entitled for 1 equity shares of Anup Engineering Limited for 27 shares held by them in parent company.<ref name="Arvind Ref1" /> Both the companies are planned to be listed on BSE and NSE on completion of process.<ref name="Arvind Ref1" />
** November: India's largest textile and branded apparel player announces decision to demerge its Branded Apparel and Engineering businesses from the parent company, into the entity Arvind Fashions Limited and the shareholders of Arvind Limited will be entitled for one equity share of Arvind Fashions Limited for every five shares held by them in parent company.<ref name="Arvind Ref1" /> Engineering business will be demerged into an entity named as Anup Engineering and will be engaged in the manufacturing of critical process equipment and Shareholders of Arvind Limited will be entitled for 1 equity shares of Anup Engineering Limited for 27 shares held by them in parent company.<ref name="Arvind Ref1" /> Both the companies are planned to be listed on BSE and NSE on completion of process.<ref name="Arvind Ref1" />
* 2018 - March - Adient (NYSE: ADNT), the global leader in automotive seating announced the formation of Adient Arvind Automotive Fabrics a joint venture with Arvind Limited for development, manufacture and sale of automotive fabrics in [[India]] and the new company will be based in [[Ahmedabad]], [[India]], and will manufacture high-end performance fabrics for automotive seating systems at a world-class fabric manufacturing facility.<ref name="Arvind Ref1" /> The joint venture will benefit from synergies between both comanies, each bringing industry-leading technology and design capabilities in their respective fields and the former will be the majority stakeholder in the new company with a 50.5% stake.<ref name="Arvind Ref1" />
* 2018 (March): Adient (NYSE: ADNT), the global leader in automotive seating announced the formation of Adient Arvind Automotive Fabrics a joint venture with Arvind Limited for development, manufacture and sale of automotive fabrics in [[India]] and the new company will be based in [[Ahmedabad]], [[India]], and will manufacture high-end performance fabrics for automotive seating systems at a world-class fabric manufacturing facility.<ref name="Arvind Ref1" /> The joint venture will benefit from synergies between both companies, each bringing industry-leading technology and design capabilities in their respective fields and the former will be the majority stakeholder in the new company with a 50.5% stake.<ref name="Arvind Ref1" />


==Gallery==
==Gallery==
Line 97: Line 90:


==Businesses==
==Businesses==
 
* [[Textile|Fabric]]
*[[Textile|Fabric]]
** [[Denim]]
**[[Denim]]
** [[Shirting]]s
**[[Shirting]]s
** [[Khaki]]s
**[[Khaki]]s
** [[Knitwear]]
**[[Knitwear]]
** [[Voile]]
** [[Voile]]
*[[Garment]] exports
* [[Garment]] exports
**[[Shirt]]s
** [[Shirt]]s
**[[Jeans]]
** [[Jeans]]
* Arvind Brands (owned)
* Arvind Brands (owned)
**[[Flying Machine (company)]]
** [[Flying Machine (company)]]
**Newport
** Newport
** Quads
** Quads
**Ruf & Tuf
** Ruf & Tuf
**Excalibur
** Excalibur
**ls  
** ls  
**Creyate
** Creyate
**Arvind RTW (Exclusively available at The Arvind Stores)
** Arvind RTW (Exclusively available at The Arvind Stores)
* Arvind Brands (licensed)
* Arvind Brands (licensed)
**[[The Arrow Collar Man|Arrow]]
** [[The Arrow Collar Man|Arrow]]
**[[Gap Inc.]]
** [[Gap Inc.]]
**[[Gant U.S.A.]]
** [[Gant U.S.A.]]
**[[Tommy Hilfiger]]
** [[Tommy Hilfiger]]
**[[EdHardy]]
** [[EdHardy]]
**[[Izod]]
** [[Izod]]
**[[Cherokee]]
** [[Cherokee]]
**[[Mossimo]]
** [[Mossimo]]
**[[U.S. Polo Assn.]]
** [[U.S. Polo Assn.]]
**[[Nautica (clothing company)|Nautica]]
** [[Nautica (clothing company)|Nautica]]
**[[Aéropostale (clothing)|Aeropostale]]
** [[Aéropostale (clothing)|Aeropostale]]
* Advanced Materials Division
* Advanced Materials Division
* EBO (exclusive brand outlet) / The Arvind Store  
* EBO (exclusive brand outlet) / The Arvind Store  
Line 136: Line 128:
* Real estate
* Real estate
* Mega Mart Retail
* Mega Mart Retail
* [https://www.arvindenvisol.com/ Environmental Solutions]
* Environmental Solutions<ref>[https://www.arvindenvisol.com/ Environmental Solutions]</ref>


==Financial restructuring==
==Financial restructuring==
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==External links==
==External links==
* [http://www.arvind.com Arvind official website]
* [http://www.arvind.com Arvind official website]
* [https://www.arvindenvisol.com/ Envisol Limited]
* [https://www.arvindenvisol.com/ Envisol Limited]
* [https://m.economictimes.com/arvind-brands-drops-ruggers-bay-island/articleshow/1288930.cms. Economics Times News About Arvind]{{Dead link|date=June 2020 |bot=InternetArchiveBot |fix-attempted=yes }}
* [https://economictimes.indiatimes.com/arvind-brands-drops-ruggers-bay-island/articleshow/1288930.cms Economics Times News About Arvind]
* [https://wap.business-standard.com/company/arvind-ltd-29/information/company-history Business Standard | Arvind Company History ]
* [https://wap.business-standard.com/company/arvind-ltd-29/information/company-history Business Standard | Arvind Company History ]
* [https://web.archive.org/web/20170907175025/http://in.reuters.com/finance/stocks/company-profile/ARVN.BO Reuters | Arvind ]
* [https://web.archive.org/web/20170907175025/http://in.reuters.com/finance/stocks/company-profile/ARVN.BO Reuters | Arvind ]
* [https://www.nnnow.com NNNOW.COM]
* [https://www.nnnow.com NNNOW.COM]
* [http://www.creyate.com/en/homepage Creyate] {{Webarchive|url=https://web.archive.org/web/20200311160424/http://www.creyate.com/en/homepage |date=11 March 2020 }}
* [http://www.creyate.com/en/homepage Creyate] ({{Webarchive|url=https://web.archive.org/web/20200311160424/http://www.creyate.com/en/homepage |date=11 March 2020 }})


{{Lalbhai Group}}
{{Lalbhai Group}}


[[Category:Companies listed on the National Stock Exchange of India]]
[[Category:Indian companies established in 1931]]
[[Category:Lalbhai family]]
[[Category:Lalbhai Group]]
[[Category:Manufacturing companies based in Ahmedabad]]
[[Category:Manufacturing companies based in Ahmedabad]]
[[Category:Manufacturing companies established in 1931]]
[[Category:Manufacturing companies established in 1931]]
[[Category:Companies listed on the Bombay Stock Exchange]]
[[Category:Companies listed on the National Stock Exchange of India]]
[[Category:Textile companies of India]]
[[Category:Textile companies of India]]
[[Category:Textile industry in Gujarat]]
[[Category:Textile industry in Gujarat]]
[[Category:Lalbhai family]]
[[Category:Companies listed on the Bombay Stock Exchange]]
[[Category:Indian companies established in 1931]]
[[Category:Lalbhai Group]]

Revision as of 20:47, 22 August 2021


Arvind
IndustryConglomerate
Founded1931
HeadquartersAhmedabad, India
Key people
Sanjay Lalbhai (Chairman and Managing Director), Punit Lalbhai (Executive Director), Kulin Lalbhai (Executive Director),
ProductsDenim, knits, woven, engineering, retail, telecom, advanced material, agribusiness, real estate, the Arvind Store
Revenue₹5,407.26 crore (US$760 million) (2016)[1]
₹318.85 crore (US$45 million) (2016)
Number of employees
25,620[2]
ParentArvind Lalbhai Group
Websitewww.arvind.com

Arvind Limited (formerly Arvind Mills) is a textile manufacturer and the flagship company of the Lalbhai Group. Its headquarters are in Naroda, Ahmedabad, Gujarat, India, and it has units at Santej (near Kalol). The company manufactures cotton shirting, denim, knits and bottomweight (khaki) fabrics. It has also recently ventured into technical textiles when it started Advanced Materials Division in 2011.[3] It is India's largest denim manufacturer[4]

Sanjaybhai Lalbhai is the current Chairman and Managing Director of Arvind and Lalbhai Group. In the early 1980s, he led the 'Reno-vision' whereby the company brought denim into the domestic market, thus starting the jeans revolution in India.[5] Today it retails its own brands like Flying Machine, Newport and Excalibur and licensed international brands like Arrow, Tommy Hilfiger, and Calvin Klein through its nationwide retail network. Arvind also runs three clothing and accessories retail chains, the Arvind Store, Unlimited and Megamart, which stocks company brands.[6][7]

History and operations

  • 1897: Arvind Mills starts a business for sarees.
  • 1931: Arvind Mills Ltd is incorporated by three brothers Kasturbhai, Narottambhai and Chimanbhai.[8] with a share capital of ₹165,000 ($2500) in Ahmedabad. The products manufactured are dhoties, sarees, mulls, dorias, crepes, shirtings, lingerie, coatings, printed lawns and voiles cambrics, twills and gaberdine.
  • 1934: Becomes established as the foremost textile units in the country.[8]
  • 1985: Diversified into electronics by setting up a plant to manufacture electronic telephone exchanges (EPABX) and also entering into marketing pharmaceutical products and B&W and colour television sets under the name Pyramid.[8]
  • 1986: Becomes first company in India bring globally accepted fabrics such as Denim yarn dyed shirting fabrics & wrinkle free gabardines.[8]
  • 1987: The company takes up a modernisation program to triple the production of denim cloth and to produce double yarn fabrics for exports. The new product groups identified are: indigo dyed blue denim and high-quality two-ply fabrics for exports, and products such as butta sarees, full voiles and dhoties. Also started retail outlets for 'Arrow' brand and became the first company in India to bring international shirt brand 'Arrow'.[8]
  • 1991: Arvind reaches 100  million meters of denim per year, becoming the fourth-largest producer of denim in the world.
  • 1992: The company increases production of denim cloth by 23,000 tonnes per day by modernising the plant at Khatraj of Ankur Textiles.
  • 1994: The company's operations are divided into textile, telecom and garments divisions.
  • 1995: The garment division launches ready to stitch jeans pack under the brand Ruf & Tuf.
  • 1997: The marketing and distribution network of the Newport brand is strengthened and the relaunched Flying Machine and Ruggers brands were strengthened.
    • Arvind Mills sets up an anti-piracy cell for the first time in India to curb large scale counterfeiting of their brands Ruf & Tuf and Newport jeans.
    • Arvind Mills adopts the franchisee system for manufacturing and distribution of Ruf & Tuf jeans.
    • Arvind Fashions doubles capacity at the Bangalore manufacturing facility to produce Lee jeans.
  • 1998: Arvind Mills emerges as the world's third largest manufacturer of denim.
    • Arvind Mills goes live with SAP R/3 ERP package in April 1997 in their new manufacturing units.
  • 2001 (February): company increases the number of Spindles and Stitching Machines by 2036 Nos and 38 Nos respectively.[8]
  • 2003: For the fourth quarter, Arvind Mills saw a 280% growth in net profit.
    • Arvind Mills Ltd is assigned a "P1+" rating by CRISIL, which indicates a very strong rating for their commercial paper.
    • Increases the number of Stitching machines by 7 Nos.[8]
  • 2004: Expanded their shirts manufacturing capacity from 2.4 million pieces to 4.8 million pieces per annum.[8] Its subsidiary company Arvind Spinning Ltd commences its operation.[8]
  • 2005: For the fourth quarter in a row, Arvind Mills posts a profit growth in excess of 80%.
    • Arvind Mills buys the entire stake in Arvind Brands from ICICI Ventures.
    • commenced their operations of producing Jeans Pant in Bangalore with the installed capacity of 4 million Pcs per annum from March.[8]
  • 2006: New Denim collection was launched aimed at Super Premium brands of US, Europe, Japan and Korea. Also opened new venues for the Denim division as response to this collection was good.[8]
    • April: Demerge and transfer of the Garments Business Division to their 100% subsidiary company Arvind Brands Ltd and amalgamating Arvind Fashions Ltd a 100% subsidiary of Arvind Brands Ltd with Arvind Mills.[8] Joint venture with company Arvind Murjani Brand Pvt Ltd through which they hold license to sell Tommy Hilfiger brand apparel in India.[8]
    • August: Wholesale branded apparel business of Arvind Fashions Ltd sold to VF Arvind Brands Pvt Ltd.[8]
  • 2007: Arvind expands its presence in the retail segment by establishing MegaMart, one of India's largest value retail chains.
  • 2008: From March, company signs an exclusive license agreement with The Philips-Van Heusen Corporation for designing,distribution and retailing of IZOD brand apparels in India.[8]
    • May: Company's name changed from Arvind Mills Ltd to Arvind Ltd to accurately reflect the multi-faceted nature of the organization.[8]
  • 2010: Arvind launches "Arvind Store", a concept showcasing the company's best fabrics, brands and bespoke styling and tailoring solutions under one roof.
    • September: Sets up a 30 million meters of denim manufacturing plant in Bangladesh with a total investment of $60 million in joint venture with Nitol group where the latter will have 20% stake in the joint venture company.[8]
    • Arvind launches its first major real estate project.
    • Arvind becomes one of India's largest producers of fire protection fabrics.
  • 2011 (November): Arvind announced that it has divested its minority stake of 40% in VF Arvind Brands Private Limited (VFABPL),which is engaged in marketing products under the brands Lee and Wrangler and was formed in September 2006 with 60:40 shareholding between VF Mauritius and Arvind, to VF Mauritius for Rs 257 crore.[8] Arvind share in the Joint Venture was Rs 5.47 crore as the capital of the joint venture company.[8]
  • 2012: joint venture with PD Group, Germany, for manufacturing glass fabrics.

September: Arvind's subsidiary Arvind Lifestyle Brands acquired the business operations of British fashion retailers Debenhams and Next and American Lifestyle brand Nautica in India from Planet Retail marking the entry of Arvind into the Bridge to Luxury Department Store Segment and also entering into the fast growing segment of apparel specialty retail through Next stores.[8] The licensing agreement with Nautica consolidates company's already strong position in high potential sportswear segment.[8]

  • 2014: joint venture with PVH Corp for Calvin Klein Businesses in India.
    • Launches formal suits with Goodhill Corporation Limited of Japan.
    • Arvind Envisol, a subsidiary of the company providing waste water treatment solutions acquired a global patent for its Polymeric Film Evaporation Technology (PFET) as this revolutionary technology helps it to save 80% energy cost for Envisol's Zero Liquid Discharge water treatment system.[8]
  • 2014: joint venture with OG Corp, Japan, for manufacturing and sale of non-woven fabrics, the project being spearheaded by Dr. Kunal Shah.
  • 2014: forays into the E-commerce segment with custom clothing brand Creyate, offering fine bespoke menswear with a degree of customisation rarely found.[8][9]
  • 2014: The company publishes its first Sustainability Report, 'Fundamentally Right'.[10]
  • 2015: partnered with USA-headquartered Invista,owner of the Lycra fibre brand to manufacture stretch denim fabric in India.[8]
    • Company launches denim fabric Khadi Denim.[8]
    • Collaborates with world's largest internet giant and most renowned denim brand and launches wearable denim technology and smart denim jackets.[8]
    • Caunches a 4-in-1 smart shirt in association with Arrow.[8]
  • 2016: The company enters online retailing with NNNow.com,a one-stop shopping destination for trendsetters across India.[11]
  • 2016: GAP joins hands with Arvind to sell apparels through NNNow.com[8].[12]
  • 2016: Arvind Fashion Brands ties up with cricket legend Sachin Tendulkar and launches True Blue, a menswear label that embodies the spirit of the global Indian.[8]
  • 2016 (October) announces decision to generate about Rs 740 crores by diluting 10% stake in its brand business arm pegging its enterprise value at Rs 8000 crore and same will be picked up by Multiples, the Private Equity firm founded by Renuka Ramnath.[8]
  • 2017: Launches its own Ready-To-Wear brand.[8]
    • October: signs a Memorandum of Understanding (MoU) with the Gujarat state government to establish a mega apparel factory in the state, a Rs 300-crore project in Dahegam with capacity to produce over 24 million garments once fully operational.[8]
    • November: India's largest textile and branded apparel player announces decision to demerge its Branded Apparel and Engineering businesses from the parent company, into the entity Arvind Fashions Limited and the shareholders of Arvind Limited will be entitled for one equity share of Arvind Fashions Limited for every five shares held by them in parent company.[8] Engineering business will be demerged into an entity named as Anup Engineering and will be engaged in the manufacturing of critical process equipment and Shareholders of Arvind Limited will be entitled for 1 equity shares of Anup Engineering Limited for 27 shares held by them in parent company.[8] Both the companies are planned to be listed on BSE and NSE on completion of process.[8]
  • 2018 (March): Adient (NYSE: ADNT), the global leader in automotive seating announced the formation of Adient Arvind Automotive Fabrics a joint venture with Arvind Limited for development, manufacture and sale of automotive fabrics in India and the new company will be based in Ahmedabad, India, and will manufacture high-end performance fabrics for automotive seating systems at a world-class fabric manufacturing facility.[8] The joint venture will benefit from synergies between both companies, each bringing industry-leading technology and design capabilities in their respective fields and the former will be the majority stakeholder in the new company with a 50.5% stake.[8]

Gallery

  • Arvind Mill in 1930s
    Arvind Mill in 1930s
  • Kasturbhai Lalbhai, the co-founder
    Kasturbhai Lalbhai, the co-founder
  • Sanjay Lalbhai, the Chairman and Managing Director of Arvind Limited
    Sanjay Lalbhai, the Chairman and Managing Director of Arvind Limited

Businesses

Financial restructuring

In the mid-1990s, the company undertook a massive expansion of its denim capacity even though other cotton fabrics were slowly replacing the demand for denim. The expansion plan was funded by loans from both Indian and overseas financial institutions. With the demand for denim slowing, the company found it difficult to repay the loans, resulting in an increased interest burden on the loans. In the late 1990s, the company encountered financial problems due of its debt burden, resulting in incurring significant losses.[14]

The company came up with a debt-restructuring plan for the long-term debts being taken up in February 2001. This complex financial restructuring exercise, which involved several domestic and international lenders, is considered to be the benchmark and a case study in India. The restructuring was overseen by Jayesh Shah, CFO, and advised on by a JP Morgan Hong Kong team, led by Ahmad Ayaz.

In 2018, Arvind Ltd. demerged its branded apparel and engineering business into separate entities for enhanced focus and value addition for the shareholders of the Company. It got the nod from NCLT Ahmedabad bench for demerger in Oct 2018.[15] Arvind Fashions, the branded apparel entity, will be scaling up existing brand portfolio and improve profitability across brands.[16] Anveshan Heavy Engineering, earlier known as Anup Engineering, has laid down capex plans of ₹80 crore to double existing fabrication capacity of 15,000 tonnes per annum by implementing product mix. Out of the planned investment, ₹40 crore has already been invested.[17]

See also

References

  1. ↑ "Arvind Ltd". BSE. Retrieved 30 July 2016.
  2. ↑ "Arvind Limited". arvind.com. Retrieved 20 May 2015.
  3. ↑ "industrial-visits | Oakbrook Business School". Retrieved 16 July 2019.
  4. ↑ "Arvind Mills to issue warrants to promoters". Reuters. Mumbai. 28 September 2007.
  5. ↑ "Working Lives India: Denim king". BBC News. 7 February 2014. Retrieved 20 May 2015.
  6. ↑ "Arvind Mills lines up Rs 850 cr expansion plan over 5 years". Business Line. 26 October 2010. Retrieved 27 December 2010.[dead link]
  7. ↑ Sharma, Sanjeev; Jha, Mayur Shekhar (27 October 2007). "RIL eyes Arvind Mills' manufacturing facilities". The Economic Times. New Delhi. Retrieved 27 December 2010.
  8. ↑ 8.00 8.01 8.02 8.03 8.04 8.05 8.06 8.07 8.08 8.09 8.10 8.11 8.12 8.13 8.14 8.15 8.16 8.17 8.18 8.19 8.20 8.21 8.22 8.23 8.24 8.25 8.26 8.27 8.28 8.29 8.30 8.31 8.32 8.33 8.34 8.35 8.36 "Arvind Ltd". Business Standard India. Retrieved 9 May 2021.
  9. ↑ Hegde, Prabha (19 August 2014). "Arvind Forays Into E-Commerce". Bloomberg TV India.
  10. ↑ "Fundamentally Right | Arvind Sustainability Report 2013-14" (PDF). Arvind. Retrieved 30 March 2019.
  11. ↑ Pani, Priyanka (26 May 2016). "Arvind to digitise its textile stores". The Hindu Business Line. Retrieved 13 June 2016.
  12. ↑ "GAP joins hands with Arvind to sell apparels through NNNow.com". The Hindu Business Line. 11 October 2016. Retrieved 10 May 2018.
  13. ↑ Environmental Solutions
  14. ↑ "Arvind Mills: From near bankruptcy to reinvention". The Economic Times. 14 December 2012. Archived from the original on 10 November 2013. Retrieved 10 November 2013.
  15. ↑ "Arvind gets NCLT's approval for demerger of branded apparel, engineering biz". The Economic Times. Bennett, Coleman & Co. Ltd. 26 October 2018. Retrieved 31 January 2019.
  16. ↑ "Arvind Fashions aims to double revenues to Rs 10,000 crore by 2025". CNBC TV18. TV18 Broadcast Limited. 8 January 2019. Retrieved 31 January 2019.
  17. ↑ Vora, Rutam (14 May 2018). "Arvind's engineering arm aims to be a full solutions provider for oil sector". The Hindu Business Line. Retrieved 31 January 2019.

External links

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