intro Arvind Mills, the flagship company of the Lalbhai Group, is one of India's leading composite manufacturer of textiles.

Its headquarters is in Ahmedabad, Gujarat, India. It manufactures a range of cotton shirting, denim, knits and bottomweights (Khakis) fabrics. It is India's largest denim manufacturer [1] apart from being worlds fourth-largest producer and exporter of denim. In the early 1980s, the company brought denim into the domestic market, thus started the jeans revolution in India. Today it not only retails its own brands like Flying Machine, Newport and Excalibur but also licensed international brands like Arrow, Lee, Wrangler and Tommy Hilfiger, through its nationwide retail network. Arvind also runs a value retail chain, Megamart, which stocks company brands. [2][3] . The original budget for the company totaled $ 55 thousand, at present it is $ 500 million Arvind feature is that its enterprises are equipped with highly advanced equipment of a full cycle from painting the fiber to the finished product

History and operations

Arvind Mills was established in 1931. It was founded by the three brothers Kasturbhai Lalbhai, Narottambhai Lalbhai and Chimanbhai Lalbhai one of the leading families of Ahmedabad.

1931 Arvind Mills Ltd. is incorporated with share capital Rs.2525000 ($55000) in Ahmedabad. Products manufactured are dhoties, sarees, mulls, dorias, crepes, shirtings, coatings, printed lawns & voiles cambrics, twills gaberdine etc. 1987 The Company took up a modernisation programme to triple the production of denim cloth and to produce double yarn fabrics for exports. The new product groups identified were the indigo dyed blue denim, high quality two-ply fabrics for exports, and special products such as butta sarees, full voils and dhoties. 1991 Arvind reached 100 million meters of denim per year, becoming the fourth largest producer of denim in the world. 1992 The Company increased the production of denim cloth by 23,000 tonnes per day by modernising the plant located at Khatraj of Ankur Textiles. 1993 The Company proposed to expand the denim manufacturing capacity by 85,00,00 metres per annum. The Company also proposed to set up a new composite mill for producing annually 120 lakh metres of high quality shirting fabrics to be marketed in the domestic as well as international markets. 1994 The Company's operations were divided into 3 units viz., Textile Division, telecom division and garments division. 1995 The performance of textile division was significantly affected due to an unprecedented rise in cost of cotton. o Garment division launched ready to stitch jeans pack under the brand `Ruf & Tuf`.

1997 The marketing and distribution network of `Newport` brand was strengthened and the relaunched `Flying Machine' and 'Ruggers` brand were strengthened. o The Company reported a fire in the goods godown & folding packing department in Naroda Road unit of the company. o Arvind Mills sets up the anti-piracy cell for the first time in India to curb large scale counterfeiting of their highly successful brands Ruf & Tuf and Newport jeans. o Arvind Mills adopts the franchisee system for the manufacture and distribution of Ruf and Tuf jeans. o Arvind Fashions, doubles its capacity in the state-of-the-art manufacturing facility in Bangalore to produce Lee jeans. o 1997 was also the year when arvind mills started facing serious troubles financially 1998 Arvind Mills emerges as the world's third largest manufacturer of denim. o Arvind Mills goes live with SAP R/3 ERP package in April 1998 in their new manufacturing units. 1999 Arvind Mills sets a two-month deadline for hiving off its garments division into a separate company and sale of its real estate in Delhi. 2000 CRISIL downgrades the debenture issues of Arvind, indicating that the instruments were in default. 2001 Arvind Mills defaults on a $125 million floating rate note issue and puts forward a debt restructuring proposal that could significantly reduce its debt burden and sharply improve its financial health. o Arvind Mills posts a net loss of Rs 44.59 crore for the quarter ended September 30, 2001. 2003 For the fourth quarter, Arvind Mills witnesses 280% growth in the net profit o Arvind Mills Ltd is assigned a `P1+` rating by CRISIL, which indicates a very strong rating for their commercial paper. 2004 Company turns itself around showing remarkable improvement in financial performance. 2005 For the fourth quarter in a row, Arvind Mills has managed to post a profit growth in excess of 80 per cent. o Arvind Mills decides to buy entire stake in Arvind Brands from ICICI Ventures.
o

Arvind Mills does not distribute dividends to its share holders consistently.

Financial restructuring
In the mid 1990s, Arvind Mills undertook a massive expansion of its denim capacity even though other cotton fabrics were slowly replacing the demand for denim. The expansion plan was funded by loans from both Indian and overseas financial institutions. With the demand for denim slowing, Arvind Mills found it difficult to repay the loans, and thus the interest burden on the loans shot up. In the late 1990s, Arvind Mills ran into financial problems because of its debt burden, and it incurred huge losses in the late 1990s. The company came up with a massive debt-restructuring plan for the long-term debts being taken up in February 2001. This complex financial restructuring exercise, which involved several domestic and international lenders, is considered to be the benchmark and a case study in India. The restructuring was overseen by Mr Jayesh Shah, CFO and advised on by a JP Morgan Hong Kong team, led by Mr Ahmad Ayaz.

indias first home bred jeans brand Flying Machine is owned by Arvind Mills garments division. The sale of this brand is experiencing stagnation with limited sales, at mere Rs5 to Rs6 crore till 2005. In 2006, the concentration was on the circulation channels which have helped it to reach on the shelves of 200 multi-brand outlets. This has increased the sales up to Rs25 crore. In 2007, the Arvind Mills is now trying to reposition the brand, with a target of increasing the sale. The jeans market in India is worth about Rs5,000 crore, where organised brands enjoy a 15 percent share. Arvind Limited registers 176% net profit growth July 30, 2011 (India) Arvind Limited, one of the largest integrated textile, apparel and branded apparel player have registered 176% growth in consolidated Net Profit for the quarter ended 30'th June 2011. It has earned consolidated Net Profit of Rs. 61 Cr. as against Rs. 22 crores in the corresponding quarter of previous year on account of revenue growth coupled by improvement in operating margins in both Textile and Brands & Retail businesses. The consolidated revenue for the quarter is up by 39% at RS.1200 crores as against RS.863 crores in the corresponding quarter of the previous year. At the operating level,

consolidated EBIDTA increased by 47% at Rs.175 crores as against Rs. 119 crores for the corresponding quarter of the previous year. The stand-alone revenue of Arvind Limited for the quarter is up by 42% at Rs.822 crores as against Rs. 578 crores in the corresponding quarter of the previous year. The EBIDTA increased by 57% at Rs.146 crores as against Rs. 93 crores for the corresponding quarter of the previous year. The revenue growth of 44% in Branded Apparel and Retail business segments and 37% revenue growth in Textile business was the key driver for such an impressive financial performance at the consolidated level. EBIDTA margin has improved to 14.6% from 13.8% in the corresponding quarter of the previous year. Commenting on the results as well as outlook of the Company, Mr. Jayesh Shah, Director & Chief Financial Officer and Director said: "The growth across all the product segments is led by growth in domestic market on the back of strong B2C business model which Arvind has created. With fall in cotton prices, the demand for fabrics, which has been sluggish for past few months, will increase. We believe that Arvind is well poised to achieve 15%-20% revenue growth during the current year and also to maintain the operating margins." Arvind Limited unveils flagship store in HyderabadJune 18, 2011 (India) As a part of its strategy to double its fabric retail revenues to Rs. 800 crore in the next couple of years through focused approach in domestic market, Arvind Limited, the global textile conglomerate and leading apparel retailer, today launched its first flagship store in Hyderabad. With 13 stores already operational under the new 'Arvind Store' concept, Arvind plans to open 120 stores in India in the current fiscal. The new outlet, a trendy superstore spread over 4,000 square feet, comes with the avantgarde design theme and a swanky look capable of enriching the garment shopping experience of the buyers. The 'Arvind Store' brings the best of Arvind under one roof the best of its fabrics, its leading apparel brands and customized wardrobe solutions. With an infusion of new categories like poly-wool, high value Giza cotton and light-weight denim suiting, in addition to shirting fabrics, the discerning customers of Arvind will be able to customize a complete wardrobe. The 'Arvind Store' will retail all of Arvind's premium brands namely Arrow, US Polo, Flying Machine and Izod. 'Arvind Denim Labs' (ADL), a bespoke denim concept will offer customized washed denim - a first of its kind in India and perhaps the world. 'Studio Arvind', a bespoke tailoring solution, will bring the latest fits and styles in fashion. Addressing the media after inaugurating the outlet, Mr. Kulin S. Lalbhai, Chief Manager, Arvind Limited, said, "The 'Arvind Store' is a revolutionary new concept which brings many firsts to Indian retail. Our stores so far have been very well received and we have ambitious plans to launch our stores across the country. This year, we will be focusing to have sizable presence in 4 to 5 states. We are planning to cover entire country by the end

of 2015". Giving details on Arvind's overall brands and retail business, Mr Kulin Lalbhai said, "With a plan to open 100 stores each year, the 'Arvind Store' format is expected to achieve revenues of Rs 400 crores by FY'13. In addition to this format, our ready-mades brand and retail business is likely to achieve revenues of around Rs 2,000 crores by FY'13. Both these businesses put together will become more than 30% of Arvind's total revenues in a few years time." Since its inception in 1931, Arvind has continuously brought product innovation to India. Over seven decades Arvind has been defining and shaping many a collection and trendsetting styles across the ramps and retail outlets of the fashion capitals of the world. Whether it was traditional wear in the 1950s or denim in the 1980s, Arvind has always dominated its product categories through innovative, value-added products. Arvind net profit up despite sharp increase in input costsMay 21, 2011 (India) Arvind limited, one of the largest integrated textile, apparel and branded apparel player have registered 218% growth in consolidated Net Profit for the quarter ended 31st March 2011. It has earned consolidated Net Profit of Rs. 63 Cr. as against Rs. 20 crores in the corresponding quarter of previous year on account of strong volume and price growth recorded by Textile and Brands & Retail businesses. The consolidated revenue for the quarter is up by 59% at Rs.1201 crores as against Rs.756 crores in the corresponding quarter of the previous year. At the operating level, consolidated EBIDTA increased by 83% at Rs.179 crores as against Rs. 97 crores for the corresponding quarter of the previous year. For the full year ended on 31st March 2011, the Company has recorded 230% growth In Net Profit at Rs. 165 crores as against Rs. 50 crores for the previous year ended on 31st March 2010.as a result of 25% growth in Revenue at Rs. 4090 crores as against Rs. 3261 crores for the previous year ended on 31st March 2010. At the operating level, consolidated EBIDTA for the year ended 31st March 2011, Increased by 36% at Rs.S56 crores as against Rs. 410 crores for the previous year ended on 31st March 2010. The revenue growth of 47% in Branded Apparel and Retail business segments and 20% revenue growth in Textile business were the key driver for such an Impressive financial performance at the consolidated level. Within Textiles, Denim grew by 29% and Woven fabrics grew by 20%. Commenting on the results as well as outlook of the Company, Mr. Jayesh Shah, Director & Chief Financial Officer said: "Arvind has achieved major millstone of crossing annual revenue of Rs. 4000 crore during this year. We have not only achieved robust revenue growth but we also improved the operating profit margins despite sharp increase in input costs which vouches for our ability of increasing the selling prices In both domestic & international markets.

As this is the most exciting phase for Indian textile Industry as macro economic factors like increase in per capita Income, burgeoning middle class, rapid urbanization, increased organized retailing etc are driving the significant growth in Indian market for textiles & clothing. Arvind is fully geared to seize this never before opportunity with the strengths it has built over a period of time. We are also on track as far as our plans for unlocking the value of our land-bank which will lead to significant improvement in shareholders' value." The Board of Arvind Limited has also approved the merger of Arvlnd Products Limited (APL), a listed company, with Arvind Limlted. Arvind Limited controls 54% equity stake in APL. APL is operating in textile business only comprising of cotton yarn, woven Khakhi fabrics and traditional Volls business. Yarn and Khakhi units have significant linkages with Arvind and hence the proposed merger will bring significant operational synergies leading to savings in costs for the combined entity. The share exchange ratio as approved by the Board is 1 share of Arvind Limited for 11 shares of APL. Consequent to merger share capital of Arvind Limited will increase by Rs. 3.41 crores. Baroda gets its first 'Arvind Experience Store'May 04, 2011 (India) Arvind Ltd., a leading denim producer and retailer in India, unveiled its first 'Arvind Experience Store' at Baroda in Gujarat, which is the firms eighth outlet in the country. The company intends to launch in all 100 such outlets pan-India, through 2011-12. Mr Sanjay Lalbhai, Chairman and Managing Director of Arvind Ltd. while speaking about the companys future plans said that, they have already launched seven such outlets in Andhra Pradesh, and with launch of the first outlet in Gujarat, they are eyeing to launch another 92 outlets nationwide to take the total number of outlets to 100 by close of current fiscal year. Arvind Experience Store is a prototype for the fabric retail channel. The store supports a contemporary and innovative layout, and on display is the entire range of Arvind products. The store, offers tailoring and complete lifestyle solution. The Baroda outlet is spread out on an area of 2000 sq ft and displays top-notch brands like Flying Machine, US POLO and Arrow. Speaking further, Sanjay said that, Arvind Denim Labs, a concept unique to the Arvind outlet, for the first time would specially stitch washed jeans for their customers. Each of these orders would be specially customized as per customers preferences and specifications. Alongside this, the company also has launched hand-crafted bespoke denim in India for the first time. The denim segment of these new Arvind stores would have a special section particularly catering to the youth and formal wear. Arvind seeks to grow lifestyle business to Rs 25bn

Saving hopes on the soaring demand for premium apparels in the country, Arvind Mills, the textile and retail giant is looking forward to generate Rs. 25 billion in revenue from its lifestyle segment, Arvind Lifestyle through financial year 2015. Arvind Lifestyle, a fully owned subsidiary of the Rs. 40 billion Arvind Group, manages retail chains like Club America and Megamart. Now-a-days, there has been a change in the peoples aspirations, as they have gained more fashion-consciousness and desire to wear international brands due to the recognition attached to these brands. In view of this, Arvind Mills has introduced a number of global brands in its lifestyle segment, and intends to add a few more in the near future. The lifestyle subsidiary presently contributes Rs. 12 billion to the groups overall turnover. 55 percent of this comes from the private brands while the rest is contributed by the global brands, at a galvanising growth rate of 50 to 60 percent per annum. The company, alongside global brands like US Polo, Gant, Arrow and Flying Machine, has 12 private brands including Ruff and Tuff and Newport in its portfolio. Besides, it has recently launched Energie, an iconic premium global jeanswear brand for men. The brand represents global designer firm Sixty Spa and owns four exclusive outlets and 20 shop in shops in India. It also has plans to add five more exclusive Energie outlets and 20 shop-in-shops this year, and is eyeing to generate a revenue of around US$20 million solely from the Energie brand in the next two years span, while it invests about Rs. 50 to 60 million for the brands promotion and marketing. Arvind Mills, the company which is recognized as mens brands and apparel solution provider, is now venturing into the womens premium fashion wear segment, with the launch of French womens brand Elle, which is also the worlds leading fashion magazine. The company would shortly ink a licensing contract with the French brand for sourcing clothing and fashion accessories. Imp para Arvind Ltd. a global leader in the development and production of textiles is India's largest integrated textile company and operates across the entire value chain from design to fabric to brands. Arvind was the first company in India to bring international brands when they brought Arrow to India. Arvind now has licensing relationships with many international brands like Arrow, GANT & US Polo. JV's with VF Corporation with brand portfolio of Lee, Wrangler, and most recently Arvind has tied up with U.S.Polo, IZOD & GANT to exclusively design, distribute and retail these brands in India through its

holding companies Arvind Brands & Retail. Arvind also owns & operates India's largest, 140 outlet strong value retail chain under the name 'Megamart.' Commenting on the results as well as outlook of the Company, Mr. Jayesh Shah, Director Chief Financial Officer and Director said: we are witnessing growth in all our business segments with increase in denim and shirting capacity in the fourth quarter our revenue and profitability will get further boost. Our plans for expansion of fabric manufacturing capacity- from current 200 Million meters to 300 Million meters over next few years are on stream. Arvind to launch premium women & youth wear brandsNovember 29, 2010 (India) Arvind Brands, an Indian retailer plans to introduce US and Europes premium women and youth wear brands in India in mid of 2011. The company does not have a strong hold on the womens western wear segment and means to change the scenario by launching premium womens wear brand in Indian markets. However, currently the firm has made its presence felt in this field, although in a small way, with its premium wear brand Arrow. After its not very successful venture in 2005, whereby it was required to withdraw itself from the market, Arrow once again ventured into womens wear section in 2009. Presently, womens wear contributes just five percent of Arrows overall turnover of Rs 2.8 billion. Right now, the womens western wear market in India houses brands like Scullers, Allen Solly and Van Heusen, which all emerged as extensions of mens wear. Arvind Brands which aims to make it known as an apparel retailer for entire family is now even considering the kids and youth wear, strictly. Today, denim brands greatly drive the youth fashion in India, but there are some particular denim brands which rule the international market. As such Arvind, intending to come out of the image of a mens apparel firm and establish itself as a complete apparel retailer for entire family, plans to launch US Polo Kids in Indian market in February next year. The company is eyeing a growth of 50 percent in its sales for current financial year to Rs 8.5 billion.