About UsBanswara Syntex Limited (BSL) is a vertically integrated textile mill having manufacturing facilities from yarn, fabrics to readymade garments.
The company was incorporated in the year 1976, it was promoted by Mr. R L Toshniwal, the current chairman and managing director of the company, jointly with Rajasthan state industrial development and Investment Corporation Ltd. (RIICO) in Banswara, a backward district situated in the southern part of Rajasthan. Later on Mr. R. L. Toshniwal bought back the holding of RIICO. The company started its commercial production in the year 1978 with an initial spindle capacity of 12480 spindles.
The company has a track record of expanding, modernizing and diversifying its activities from time to time keeping in view the increasing demands, quality aspects, changing market requirements, etc.
The company embarked on cloth weaving activity in the year 1992 by setting up a state-of-art weaving plant to manufacture quality fabrics in the brand name of BANTEX mainly for export. The company is manufacturing fabrics supported by the well known international brand Lycra from Dupont.
BSL again diversified its activities into Cotton spinning and Readymade Garment manufacturing in the year 2004. For Readymade Garments, a separate unit was set up at Daman (U.T.) to manufacture trousers in the brand name of INTEGRATION.
In the year 2005, Banswara Textile Mills Ltd., an associate firm engaged in fabric finishing activity, was amalgamated with the company.
At present the company has an integrated production capacity of 91952 ring spindles and 576 air jet spindles, 143 looms, 5 stenters and 75,000 pieces readymade garments per month. |
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 | Fact Sheet | | | Year of Establishment | : | 1976 | | Nature of Business | : | Manufacturer, Exporter |
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NEWS [11-APR-07]
New Land Purchase»
The company has purchased 17762 sq.mtr. of land in Banswara near to its existing unit BFL. This land is proposed to be utilized for further expansions and additional utilities required for the existing production activities.
NSE LISTING»
National Stock Exchange of India Ltd. (NSE) has approved listing application of 12543861 equity shares of Rs. 10/- each of the Company for listing on National Stock Exchange Limited. The NSE has admitted the shares for trading w.e.f. 11.04.2007.
Announcement » Commencement of Thermal Power Plant The company has, successful commence its 18 MW thermal-based power plant at Banswara. The power plant is set up for 100% captive power consumption. The shift from furnace oil to thermal-based power plant is expected to cash in additional Rs. 20 crore on an annual basis. For the power plant, The plans to consume 100 % imported coal . This would help the company to cash in Rs.1.70 per unit from the existing state electricity board cost of Rs. 4.55 per unit. Moreover, this will also avail a 10-year tax holiday for the company, apart from better quality and uninterrupted flow of power for captive consumption. Increased capacities along with the savings from the power plant will see the volumes grow with leveraged operating efficiencies for the company.” Expansion Plan Status The company’s on-going expansion plan of Rs 125 crore is progressing as per schedule. Additional 11000 spindles became operational by August 2007. The revenue from these operations will be reflected in Q 3 FY08 onwards. With the ongoing expansion plan, the income from operation from yarn is expected to be at Rs. 350 crore, fabric at Rs. 200 crore and of garments at Rs. 40 crore in FY08. Going forward, the revenue from fabric and garments is expected to improve substantially with the setting up of trousers unit of 2 lakh pieces and jackets unit of 30,000 pieces per month capacity in SEZ area at Surat from Dec 07. The contribution from fabric segment would go up due to specialty product like Poly Viscose Lycra Fabric, Poly Wool , Teflon coated and Linen Fabric etc. The company’s joint venture unit at Banswara is also operating at its optimum capacity. The company is a preferred garment outsourcing partner for the major global retailers. Higher contributions from garments (particularly, career clothing for women’s & sports casual wear) and fabrics coupled with decline in power costs would enable the company to achieve significant improvement in net profit margins.
Contact Details| | Company Name:
| Banswara Syntex Limited | | Contact Person: | Mr. Inder Wali | | Telephone: | +(91)-(2962)-224123
| | Fax No: | +(91)-(2962)-240903 | | Address: | Industrial Area, Dohad Road, Banswara, Rajasthan - 327 001 (India) |
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