- Business
- Sumeet Industries Ltd manufactures and exports polyester chips, polyester filament yarns including partially oriented yarn (POY), fully drawn yarn (FDY), polyester texturized yarn, microfilament yarn, carpet yarn, and polypropylene multifilament yarn from its integrated facilities in Surat, Gujarat; the company operates five major divisions encompassing chip production (C.P.), POY, FDY, texturizing, twisting, and texturising with daily capacities of 288 MT for C.P., 128 MT for POY, 147 MT for FDY, and 15 MT for texturised yarn. Incorporated in 1988 as Sumeet Synthetics Private Limited and converted to a public limited company in 1992, Sumeet Industries Ltd maintains its headquarters and primary manufacturing plants in Surat, Gujarat, India, serving domestic markets and exporting to countries including Egypt, Saudi Arabia, China, Argentina, Poland, Portugal, Morocco, Colombia, Bangladesh, Russia, Ethiopia, Mexico, Nepal, Brazil, Peru, Algeria, Thailand, USA, Singapore, and Turkey. In recent developments, the company reported H1 FY26 profit after tax of ₹17.84 crore, reflecting a 230% increase, while its board approved a ₹75 crore capital expenditure for a 30,000 TPA capacity expansion and commissioned a 14 MW solar power plant.