- Business
- Pasupati Spinning & Weaving Mills Limited manufactures and sells polyester sewing threads, yarns and related textile products; operates through textile and textile articles as well as logistics and warehousing services segments; and engages in commodity trading. The company produces core spun polyester sewing threads, staple spun, textured, water soluble, CF polyester, trilobal polyester for embroidery and hand embroidery threads (12-ply floss); offers greige yarn, recycled polyester yarn/thread and blended yarns including cotton-polyester varieties; and markets products under Bull, Aura, Ivory Poly, Spectrum and Vanish brands. Pasupati Spinning & Weaving Mills employs advanced machinery such as SSM winding equipment from Switzerland and Obem dyeing systems from Italy; sources polyester staple fiber from Reliance Industries; and maintains OEKO-TEX certification with in-house quality controls using Uster and Keisokki instruments. Incorporated in 1979 and headquartered in New Delhi, the company maintains manufacturing facilities in Dharuhera (Haryana), Kheri (Himachal Pradesh) and other sites across 100 acres employing over 1,500 people; serves knitwear, weaving, terry towel and carpet industries; and exports to Europe, Asia, Latin America and Bangladesh with depot networks in major Indian cities including Delhi, Mumbai, Bangalore and Kolkata. Installed capacity stands at 80,912 spindles producing 15,450 tonnes of yarn and threads annually including 30,000 spindles for greige yarn (10 tonnes daily, counts 7s-70s, 2-6 ply) and 16,000 for recycled polyester (6 tonnes daily); flagship of Pasupati Conglomerate. In recent developments, the company suspends unviable spinning operations at Dharuhera due to adverse market conditions; expands knitting, garment, dyeing and processing with turnover rising to Rs 395.86 lakhs in FY2024-25 from Rs 270.34 lakhs amid orders from Vishal Mega Mart despite post-COVID garment market challenges and labor shortages; advances modernization by replacing machines with fully automatic units and commissions a solar generating plant in February 2025 for annual power savings of Rs 300 lakhs; launches logistics and warehousing using surplus Dharuhera land with revenue doubling to Rs 327.54 lakhs in FY2024-25; approves related party transactions up to INR 20 crores with Shivani Textiles Ltd (sales, purchases, job work, expenses, rent); seeks shareholder nod for secretarial auditors, cost auditor remuneration, re-appointment of Managing Director Ramesh Kumar Jain beyond age 70 through March 2030 at up to Rs 30 lakhs annually and remuneration increases for Whole Time Director Chander Mohan Sharma; and reports FY2024-25 turnover decline to Rs 100.50 crores from Rs 107.93 crores.