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Siyaram Silk Mills

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Key peoples of Mills

Ramesh Poddar (Chairman & Managing Director) Pawan Poddar (Joint MD) Kishan Poddar (Executive Director) Gaurav Poddar (ED)

Siyaram Silk Mills Ltd.
Siyaram's
Company typePublic
IndustryTextile and garment manufacture, Fashion
Founded1978; 47 years ago (1978)
Headquarters
Mumbai
,
India
Area served
India, Middle East, Sri Lanka
Key people
  • Ramesh Poddar (Chairman & Managing Director)
  • Pawan Poddar (Joint MD)
  • Kishan Poddar (Executive Director)
  • Gaurav Poddar (ED)
Brands
  • Tessio
  • Mozzo
  • Inspiro
  • Oxemberg
  • J Hampstead
Number of employees
650 (2013)

Siyaram Silk Mills Ltd, also known as Siyaram's or SSM,[1] is an Indian blended fabric and garment-manufacturer company,[2] with an associated chain of retail outlets and branded showrooms. Siyaram's was incorporated in 1978,[3] and is headquartered in the Kamala Mills compound, Lower Parel, Mumbai.[4]

Structure

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Siyaram Silk Mills Ltd (SSM) is a subsidary of the Siyaram Poddar Group, the parent company of Balkrishna Industries Ltd and Govind Rubber Ltd, all listed companies on the Bombay Stock Exchange.[5] SSM is a small cap company with a market cap of ₹936.75 crores.[6] Siyaram's manufactures and sells fabrics,[7] ready-made men’s and women's apparel, home furnishing, and yarns.[1][3][8][9] SSM is associated with one lakh retail outlets,[2] and has over 170 branded showrooms across the nation.[9] In the March 2014 quarter, the company's annualized net profit was ₹20.2 crores.[2] Siyaram’s produces over 4 million meters of fabric per month, totaling over 60 million meters annually.[10]

Product line

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According to the Economic Times, polyester viscose which is derived from crude oil, accounts for approximately 85% of Siyaram's raw material.[2] In 2014, Siyaram's reported 80% of its revenue came from fabric sales 16% from garments, and 4% from yarn.[2] Siyaram's weaving capacity is approximately 8 crore metres, and its garment production capacity is around 40 lakh pieces annually.[2]

Like some other textile manufacturers, Siyaram's has expanded into the ready-made garment (RMG) sector. Starting in 2004,[11]the company introduced product lines including home furnishings, uniforms, children's apparel, and women's clothing.[12]

On 24 September 2015, Siyaram's Silk Mills announced a partnership with Italian brand, Cadini,[13][14] at an event held at Sahara Star in Mumbai.

References

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  1. ^ a b Hrithik Kiran Bagade, SV Krishnamachari (26 Feb 2013). "Womenswear to propel Siyaram's topline growth". Deccan Herald. Retrieved 26 Feb 2013.
  2. ^ a b c d e f Rajesh Naidu. Consistent Siyaram’s an attractive option for investors. ET Bureau, Times Internet Limited (Times of India) [1]
  3. ^ a b "Siyaram Silk Mills: Reports, Company History, Directors Report, Chairman's Speech, Auditors Report of Siyaram Silk Mills - NDTV". www.ndtv.com.
  4. ^ Siyaram, Contact Us. "Siyaram - Contact Us". www.siyaram.com. {{cite web}}: |first1= has generic name (help)
  5. ^ Govind Rubber Limited Announced Business Expansion Plan. India PRwire July 19, 2012 [2]
  6. ^ "SIYSIL Share Price - 287.00 INR, Siyaram Silk Mills stock price today, Live updates - The Economic Times". economictimes.indiatimes.com.
  7. ^ "Siyaram's expanding aggressively using the franchising module". Rediff News. Rediff. 10 Oct 2014. Retrieved 10 Oct 2014.
  8. ^ "Siyaram plans to enter home furnishing". www.thehindubusinessline.com.
  9. ^ a b "Siyaram's expanding aggressively using the franchising module". Indian Television. 5 November 2014. Retrieved 5 November 2014.
  10. ^ "Interview with Shri Ramesh Poddar, MD of Siyaram Silk Mills Ltd". www.textilevaluechain.com.
  11. ^ "Siyaram launches 'Featherz' brand". Economic Times. Indiatimes. 29 Dec 2004. Archived from the original on March 5, 2016. Retrieved 29 Dec 2004.
  12. ^ Sangeetha G. "Siya". www.mydigitalfc.com. My Digital FC (Financial Chronicle). Retrieved 4 March 2013.
  13. ^ PTI. "Siyaram announces joint venture with Italian lifestyle brand Cadini". economictimes.indiatimes.com. Economic times. Archived from the original on March 5, 2016. Retrieved 24 September 2015.
  14. ^ BS Reporter. "Siyaram Silk Mills buys rights of Italian brand Cadini". www.business-standard.com/. Business Standard. Retrieved 24 September 2015.
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