- Business
- Gaekwar Mills Limited engages primarily in the manufacturing and sale of textiles, including spinning, weaving, and processing of cotton and other fibrous materials to produce yarn and fabric. Founded in 1928 and headquartered in Bilimora, India, the company historically operated modern textile machinery to produce fabrics. However, due to labor unrest, the company halted production activities and its main textile unit was declared sick and placed under a Board for Industrial and Financial Reconstruction (BIFR) revival scheme. Under this scheme, Gaekwar Mills plans to set up a new textile manufacturing facility on 40% of its land with updated machinery, while the remaining 60% of the land is designated for real estate development. Proceeds from real estate operations are intended to redeem debentures, finance the new textile unit setup, and meet working capital requirements. As of recent years, the company has reported no sales from textile operations while focusing on obtaining necessary governmental approvals to commence construction and restart operations. Financially, Gaekwar Mills has registered net losses in recent fiscal years but reported a small net profit in the September 2025 quarter. The company continues to focus on restructuring and strategic real estate utilization alongside traditional textile manufacturing activities to revitalize its business.