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Siyaram Silk Mills

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Siyaram Silk Mills Ltd.
Siyaram's
Company typePublic
IndustryTextile and garment manufacture, Fashion
Founded1978; 46 years ago (1978)
Headquarters
Mumbai
,
India
Area served
India, Middle East, Sri Lanka
Key people
  • Ramesh Poddar (Chairman & Managing Director)
  • Pawan Poddar (Joint MD)
  • Kishan Poddar (Executive Director)
  • Gaurav Poddar (ED)
Brands
  • Tessio
  • Mozzo
  • Inspiro
  • Oxemberg
  • J Hampstead
Number of employees
650 (2013)

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

Structure

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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 ₹936.75 crores.[6] Siyaram's manufactures and sells fabrics,[7] ready-made men’s and women's apparel, home furnishing, and yarns.[1][3][8][9] SSM 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 ₹20.2 crores.[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 Cadini, J Hampstead, Oxemberg among others.[11]

Product line

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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

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  1. ^ a b Hrithik Kiran Bagade, SV Krishnamachari (26 Feb 2013). "Womenswear to propel Siyaram's topline growth". Deccan Herald. Retrieved 26 Feb 2013.
  2. ^ a b c d e f Rajesh Naidu. Consistent Siyaram’s an attractive option for investors. ET Bureau, Times Internet Limited (Times of India) [1]
  3. ^ a b c "Siyaram Silk Mills: Reports, Company History, Directors Report, Chairman's Speech, Auditors Report of Siyaram Silk Mills - NDTV". www.ndtv.com.
  4. ^ Siyaram, Contact Us. "Siyaram - Contact Us". www.siyaram.com. {{cite web}}: |first1= has generic name (help)
  5. ^ Govind Rubber Limited Announced Business Expansion Plan. India PRwire July 19, 2012 [2]
  6. ^ "SIYSIL Share Price - 287.00 INR, Siyaram Silk Mills stock price today, Live updates - The Economic Times". economictimes.indiatimes.com.
  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". www.thehindubusinessline.com.
  9. ^ a b "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". www.textilevaluechain.com.
  11. ^ "Siyaram to introduce three new brands". Business Standard. Retrieved 18 October 2015.
  12. ^ "Siyaram launches 'Featherz' brand". Economic Times. Indiatimes. 29 Dec 2004. Archived from the original on March 5, 2016. Retrieved 29 Dec 2004.
  13. ^ Sangeetha G. "Siya". www.mydigitalfc.com. My Digital FC (Financial Chronicle). Retrieved 4 March 2013.
  14. ^ 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.
  15. ^ BS Reporter. "Siyaram Silk Mills buys rights of Italian brand Cadini". www.business-standard.com/. Business Standard. Retrieved 24 September 2015.
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