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Working Capital Report-Arvind mills 2009-2010

Working Capital Report-Arvind mills 2009-2010

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Published by: jatinkhurana01 on Mar 29, 2011
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05/23/2013

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LOVELY PROFESSIONAL UNIVERSITY

18

The aim was to indigenously produce fine and superfine cotton fabric as well as
traditional material for vast potential
Indian market.

At this juncture, Arvind Mills was set
up with the pioneering effort of three
brothers, Kasturbhai, Narrotambhai
and Chimanbhai Lalbhai becoming
World’s largest exporter and Asia’s
largest producer of denims. During 1980s several mills in Ahmedabad closed down as
a result of competition from cheaper cloth produced by small power loom enterprises.
Militancy spurred by textile labour unions prevented the shutdown of several loss-
making mills, and in the mid 1980s Ahmedabad was a city of industrial strives.
ARVIND MILLS has risen like a phoenix from the ashes of Ahmedabad textile mills.
In just eight years it has successfully implemented a turnaround strategy. Established
in 1930, Arvind Limited is the flagship company of $ 498 million. Lalbhai Group has
now focused its attention on few selected core product groups. Arvind today is a one-
stop shop for all cotton fabric requirements, where product range spans the entire
gamut of cotton fabric. It is also a rapidly expanding manufacturer of garments such as
jeans and shirts. With the best technology and business acumen Arvind Mills became
the true multinational producing the finest fabric available in the country that rivaled
imported fabric. Since then, there has been no looking back. Having established itself
as India’s largest denim manufacturer, Arvind Mills is confident that in the near future
it will become the fifth largest denim producer in the world.

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