- Business
- Rishi Techtex Limited manufactures technical textiles, including PP/HDPE woven sacks and laminated bags under its Woven Division and knitted shade nets under its Knitted Division; core products encompass agro-tech offerings such as shade nets (including KrishiNet), mulch mats, crop covers, windbreakers, shade sails and fire protection nets for agriculture, horticulture and aquaculture applications; build-tech items like scaffolding nets, architectural membranes, awnings, canopies, floor and wall coverings, deck and patio covers and high-end hoardings; protech fire-retardant nets; and pack-tech woven sacks for cement, paint, petrochemical and other industrial packaging needs. Incorporated in 1984 and headquartered in Mumbai, India, with manufacturing plants in Daman and Vapi, the company operates primarily in India and exports internationally, holding accreditations as a Star Export House, MSME registration, ISO 9001:2015 certification and BIS approval for agro shade nets. The Woven Division processes about 5,000 metric tons per annum, while the Knitted Division handles around 3,000 metric tons per annum, serving blue-chip clients across diverse sectors. Recent developments include substantial capital investments from FY20-FY23 in automation, such as automatic bagging lines boosting output by 52% to 35 lakh bags monthly, a blown film plant, high-speed warp Raschel knitting machines and a new reprocess plant at Daman increasing capacity by 50%; product innovations like heat-control nets, fire-resistant nets supplied to events including Wimbledon Cup, Ryder Cup and Italian Open, and specialized shade nets for extreme weather; a strategic shift toward premiumisation and woven fabric manufacturing with consultant-led efficiency gains; and board changes in 2024 with the appointment of Mr. Pranab Chatterjee as an additional and independent director effective August and the re-appointment of Mr. Kunal Rastogi as independent director for a second five-year term, alongside 5% revenue growth to INR 111.74 crore in FY24 with net profit up 20% to INR 1.35 crore.