- Business
- Swasti Vinayaka Synthetics Limited manufactures suiting, shirting, and apparel fabrics; high-end cotton, cotton-blended, linen, lycra, polyester, and viscose shirting fabrics; uniform fabrics for corporate and government institutions; salwar kameez and tunics; bridal and formal ethnic wear under the Ivy League brand; with operations focused on the textile sector serving retail chains, garment exporters, ready-made garment producers, clothing brands, and corporate clients including Bombay Dyeing, Arvind Lifestyle, Raymond Apparel, Tata Power, and LIC of India through a nationwide network of agents and dealers servicing approximately 5000 retailers primarily in Maharashtra and southern states such as Tamil Nadu, Andhra Pradesh, Karnataka, and Kerala. Incorporated in 1981 and headquartered in Mumbai with manufacturing plants in Tarapur and Palghar, Maharashtra, the company maintains modern weaving facilities including Somet Super Excel Looms and CAD-equipped design studios producing over 400,000 linear meters monthly. Recent developments include the re-appointment of Rajesh Ramprasad Poddar as Managing Director in March 2025, board approval of unaudited financial results showing net profit declines in the June and September 2025 quarters amid fluctuating sales, and the convening of the 43rd Annual General Meeting on September 30, 2025, alongside routine board meetings for quarterly results and compliance updates through November 2025.