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Mafatlal Store-Ishwar Krupa

Opp. Swaminarayan Mandir, Kankaria Road,, Ahmedabad, Gujarat
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Factsheet

Basic Information

Nature of BusinessManufacturer

About Us

The story of the Mafatlal Group is a stirring saga of a blend of traditional values and modern technology triumphing over circumstances. Mr. Mafatlal Gagalbhai the founder, was born in 1873, to a weaver of Ahmedabad. His father, who was neither educated nor prosperous, made a living by doing odd jobs. It wasn't long before a young Mafatlal, who was still in his early teens, had to leave school to help his father peddle textile products. With goods hanging from their shoulders, both father and son would scour the countryside in search of buyers. Some of the buyers proved to be Mr. Mafatlal's benefactors in later years, when he metamorphosed into an industrialist. They not only provided him with capital, but also gave it at low rates of interest.

Driven by curiosity and ambition, he took up a job as a mill-hand. He wanted to understand the entire gamut of operations; his big break came only at the age of 31. Alongwith Chandulal Mahadevia, a friend, and Arthur Shorrock, an Englishman who knew some British textile-machinery manufacturers in Lancashire, he took over the management of a small mill in Ahmedabad, and named it the Shorrock Mill. Of the initial equity capital of Rs 3.25 lakhs, Mr. Mafatlal picked up 30 shares of Rs 1,000 each while his father picked up another 30 shares. Along with his partners, he evolved an innovative scheme to raise the rest of the funds. In those days, business concerns were run by managing agencies. So, the enterprising partners promised investors a share in the managing agency.

The first mill did extremely well, and Mr. Mafatlal developed an appetite for expansion. Six years later, in 1912, he bought a mill in neighbouring Nadiad for Rs 6.26 lakhs. The second mill was christened New Shorrock. For Mafatlal and the others in the textile business, the War years were the years of prosperity and expansion. Although the partnership was doing well, Mr. Mafatlal wanted to do something on his own. So, in 1916, he bought Jaffer Ali Mill, which was founded by the Nawab of Surat and renamed it Surat Cotton Spinning & Weaving Mills. Three years later, Mr. Mafatlal came to Mumbai, taking over the China Mill, which had been set up by a Parsi family in 1887.

It was in the 1970's and 1980's, under the leadership of Mr. Arvind Mafatlal, that the existing business was consolidated. The Group also diversified into Information Technology, Chemicals and the Engineering Industry. The late 1980's saw the Group further diversifying into the Financial Service Industry, Gas Distribution and later into Healthcare business. From 1995 onwards, the strategy has been to focus on the Core Competence viz. Textiles and Chemicals and divest from other businesses. Today, Chairman Mr. Hrishikesh Mafatlal, provides the strategic vision for Arvind Mafatlal Group, as it strides ahead with ambitious plans for the future.+ Read More

Board of Directors

Shri Hrishikesh A Mafatlal ~ Chairman Shri Priyavrata H. Mafatlal ~ Executive Director
Shri Aniruddha Deshmukh ~ Managing Director & C.E.O.
Shri A K Srivastava ~ Director
Shri V R Gupte ~ Director
Shri P N Kapadia ~ Director
Smt Latika Pradhan ~ Director¿¿¿
Shri Gautam Chakravarti ~ Director
Shri Sujal Shah ~ Director

Our Management

Shri Aniruddha Deshmukh ~ Managing Director & C.E.O.
Shri V K Maheshwari ~ President & Business Head (Textiles)
Shri M B Raghunath ~ President (Sales & Marketing)
Shri Suketu N Shah ~ President & Business Head (Denim)
Shri Milan Shah ~ Chief Financial Officer
Shri R R Likhite ~ Group Sr. Vice President (HR & Adm.)
Shri Suresh Kumar ~ Sr. Vice President (HR) Shri Ashish Karanji ~ Company Secretary & Compliance Officer

Our Milestones

1905
Sets up first textile mill in Ahmedabad, India
1912 Purchased a second textile mill in neighbouring Nadiad, India
1916 Purchased another mill in Surat
1919 Shifts base to Mumbai with the purchase of a textile mill
1931 Establishes one more textile mill in Navsari
1944 Shri Navichandra Mafatlal takes over the family business, after the sad demise of the founder, Shri Mafatlal Gagalbhai.
1945-54 Group invests heavily in cotton textile mills and their modernization to become the third largest mill owner in India. Establishes a strong foothold in mumbai
1954 Shri Arvind Mafatlal takes over the reins of the group companies and starts diversification of the Group businesses.
1970 Mafatlal promotes ace cricketers and football players thereby gaining tremendous mileage.
1979 After division of the Mafatlal Group business, the Arvind Mafatlal Group focuses on textiles, petro chemicals, rubber chemicals and fluoro chemicals.
1980-90 Consolidates its position in textiles, expanding the textile machinery activities.
Mr. Hrishikesh Mafatlal takes over the reins of the company.
1994

1996
Obtains ISO-9001 certification.

Joint Venture (50%:50%) with Burlington Industries, USA called Mafatlal Burlington Industries Ltd. for manufacturing denim fabrics.
2000

2006
Major expansion in the area of corporate uniform and work wear fabric.

Paved a new path to success by acquiring the entire stake of Burlington Industries, USA to setup Mafatlal Denim Ltd.
2007

2009
Introduce largest collection of school uniform fabrics in domestic market.

Mafatlal Denim Ltd. establishes itself as the largest supplier of denim material in India, and as a reliable supply chain partner for value added and fashion denims.
2011 The sad demise of the Chairman Emeritus Shri Arvind Mafatlal
2012 Launches home furnishing range with terry towels and bedsheets
2013 Mafatlal Denim Ltd. amalgamated with Mafatlal Industries Ltd.
Modernisation of Nadiad unit.
Capacity expansion of Navsari unit.
+ Read More

Get in touch with us

Reach Us

Mafatlal Store-Ishwar Krupa1st Floor, Silver Lake,Opposite Rambag Bag,Shelat Bhavan, Jagabhai Park, Krishnakunj Society,Maninagar,Maninagar, Opp. Swaminarayan Mandir, Kankaria Road,, Ahmedabad-380008, Gujarat, India

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