- Business
- Polyspin Exports Limited manufactures and sells flexible intermediate bulk container (FIBC) bags, polypropylene woven fabrics, PP yarn, multifilament yarns, open-end cotton yarns, and multiwall paper bags in India; its FIBC products include U-panel bags, circular big bags, Q bags, UN-certified bags, and food-grade bags, while the spinning division produces open-end yarn through 2,400 rotors with an installed capacity of 10,800 metric tons per annum for FIBC-related products. The company, founded in 1985 and headquartered at 1 Railway Feeder Road, Cholapuram South, Rajapalayam, Tamil Nadu, operates primarily in the packaging and textiles sectors, serving industries such as fertilizers, building materials, chemicals, and cement; it exports 100% of its FIBC products to the United States, Europe, and African countries, with additional operations optimized near Tuticorin Sea Port. In recent developments, Polyspin Exports reported consolidated net sales of Rs 225.14 crore for the fiscal year ended March 2025, up 11.34% year-over-year, alongside a net profit of Rs 4.10 crore versus a prior-year loss, reflecting improved financial performance and profitability recovery; quarterly results for September 2025 showed net sales at Rs 58.87 crore with net profit rising 261% to Rs 2.42 crore, indicating ongoing operational enhancements amid stable market positioning.