| File:Siyaram Silk Mills.svg | |
| Siyaram's | |
| Traded as | |
| Industry | Textile and garment manufacture, Fashion |
| Founded | 1978 |
| Headquarters | , India |
Area served | India, Middle East, Sri Lanka |
Key people |
|
| Brands |
|
Number of employees | 650 (2013) |
Siyaram Silk Mills Ltd, also known as Siyaram's or SSM,[1] is an Indian blended fabric and garment manufacturing company,[2] with an associated chain of retail outlets, and branded showrooms. Siyaram's was incorporated in 1978,[3] and has its headquarters in the Kamala Mills compound, Lower Parel, Mumbai.[4]
Structure[edit | edit source]
Siyaram Silk Mills Ltd. (SSM) is a subsidiary of the Siyaram Poddar Group, the parent company of Balkrishna Industries Ltd. and Govind Rubber Ltd., which are all listed companies on the Bombay Stock Exchange.[5] SSM is a small-cap company with a market capitalization of ₹936.75 crores.[6] Siyaram manufactures and sells fabrics,[7] ready-made men's and women's apparel, home furnishings, and yarns.[1][3][8][9] SSM is associated with one lakh retail outlets,[2] and has over 170 branded showrooms across the country.[9] In the March 2014 quarter, the company's annual net profit was ₹20.2 crores.[2] Siyaram produces over 4 million meters of fabric per month, totalling over 60 million meters annually.[10]
Product line[edit | edit source]
According to The Economic Times, polyester viscose, which is derived from crude oil, accounts for approximately 85% of Siyaram's raw material.[2] In 2014, Siyaram reported 80% of its revenue came from fabric sales, 16% from garments, and 4% from yarn.[2] Siyaram's weaving capacity is approximately 80 million meters and its garment production capacity is around 40 lakh pieces annually.[2]
Like some other textile manufacturers, Siyaram's has produced the ready-made garment (RMG) sector. Starting in 2004,[11] the company introduced product lines including home furnishings, uniforms, children's apparel, and women's clothing.[12]
On 24 September 2015 Siyaram's Silk Mills announced a partnership with Italian brand Cadini[13][14] at an event held at Sahara Star in Mumbai.
References[edit | edit source]
- ↑ 1.0 1.1 Hrithik Kiran Bagade, SV Krishnamachari (26 Feb 2013). "Womenswear to propel Siyaram's topline growth". Deccan Herald. Retrieved 26 Feb 2013.
- ↑ 2.0 2.1 2.2 2.3 2.4 2.5 Rajesh Naidu. Consistent Siyaram’s an attractive option for investors. ET Bureau, Times Internet Limited (Times of India) [1]
- ↑ 3.0 3.1 "Siyaram Silk Mills: Reports, Company History, Directors Report, Chairman's Speech, Auditors Report of Siyaram Silk Mills - NDTV". www.ndtv.com.
- ↑ "Siyaram - Contact Us". www.siyaram.com.
- ↑ Govind Rubber Limited Announced Business Expansion Plan. India PRwire July 19, 2012 [2]
- ↑ "SIYSIL Share Price - 287.00 INR, Siyaram Silk Mills stock price today, Live updates - The Economic Times". economictimes.indiatimes.com.
- ↑ "Siyaram's expanding aggressively using the franchising module". Rediff News. Rediff. 10 Oct 2014. Retrieved 10 Oct 2014.
- ↑ "Siyaram plans to enter home furnishing". www.thehindubusinessline.com.
- ↑ 9.0 9.1 "Siyaram's expanding aggressively using the franchising module". Indian Television. 5 November 2014. Retrieved 5 November 2014.
- ↑ "Interview with Shri Ramesh Poddar, MD of Siyaram Silk Mills Ltd". www.textilevaluechain.com.
- ↑ "Siyaram launches 'Featherz' brand". Economic Times. Indiatimes. 29 Dec 2004. Archived from the original on March 5, 2016. Retrieved 29 Dec 2004.
- ↑ Sangeetha G. "Siya". www.mydigitalfc.com. My Digital FC (Financial Chronicle). Retrieved 4 March 2013.
- ↑ PTI. "Siyaram announces joint venture with Italian lifestyle brand Cadini". economictimes.indiatimes.com. Economic times. Archived from the original on March 5, 2016. Retrieved 24 September 2015.
- ↑ BS Reporter. "Siyaram Silk Mills buys rights of Italian brand Cadini". www.business-standard.com/. Business Standard. Retrieved 24 September 2015.