Corporates

Ashima To Raise Rs 70 Crore Via Private Placement Of NCDs

Textile Insights August 4, 2025

Ashima Ltd has announced the issuance of 7,000 unlisted, secured, unrated, redeemable, rupee-denominated Non-Convertible Debentures (NCDs) of Rs 1 lakh each, aggregating to Rs 70 crore, on a private placement basis. The NCDs, carrying a coupon rate of 7.5% per annum, will have a tenure of nine

Corporates

EPS Appoints Tom Bertke To Drive Xaar Versatex Sales In North America

Textile Insights August 4, 2025

EPS, part of the Xaar Group, has named Tom Bertke as Sales Manager for the Xaar Versatex Printbar in North America. With more than 30 years in capital equipment sales, including 25 years in inkjet technology, Bertke brings extensive experience from leadership roles at Domino, EFI, Jetrion, SPG Prints, Durst, Konica Minolta, Ricoh and Hitachi. […]

Corporates

Kusumgar Appoints Anil Kumar Gupta As President – Operations

Textile Insights August 4, 2025

Kusumgar, a leading name in the technical textiles sector, has appointed Anil Kumar Gupta as President – Operations. With over 28 years of experience in textiles and manufacturing, Gupta has a strong track record of leading multi-plant operations, driving business transformations, and building high-performing teams. He began his career with Voltas Ltd., (a TATA Enterprise)

Corporates

Trident Group Becomes Title Sponsor Of PGTI Trident Open

Textile Insights August 3, 2025

Trident Group has made a strategic entry into Indian professional golf by partnering with the Professional Golf Tour of India (PGTI) as the title sponsor of the inaugural Trident Open Golf Championship, scheduled from November 11–14 at the prestigious Chandigarh Golf Club. The tournament carries a prize purse of Rs 1 crore. This collaboration marks […]

Corporates

SCZONE Breaks Ground On US$ 55 Mn Textile Projects In Sokhna

Textile Insights August 3, 2025

The General Authority for the Suez Canal Economic Zone (SCZONE) has launched two major textile projects within the TEDA–Egypt industrial developer area in the Sokhna Industrial Zone, with combined investments exceeding US$ 55 million. The ground-breaking ceremony was attended by Waleid Gamal El-Dien, Chairman of SCZONE, alongside senior officials and company

Corporates

Mayer & Cie. Expands Braiding Portfolio With 48-Carrier Machines

Textile Insights August 3, 2025

Mayer & Cie. has expanded its braiding portfolio with the successful development and delivery of two 48-carrier machines: the MR‑11, shipped in late 2024, and the MR‑15, delivered in July 2025. Both machines mark a significant milestone for the company’s braiding division, which has operated from Mayer & Cie.’s Albstadt headquarters since 2019. “With the […]

Corporates

T.T. Ltd Rights Issue Oversubscribed 1.13x, Raises Rs 40 Crore

Textile Insights August 3, 2025

T.T. Ltd has successfully closed its Rights Issue of 3,33,30,444 fully paid-up equity shares, raising Rs 40 crore, with the issue being oversubscribed 1.13 times. The issue, priced at Rs 12 per share (including a premium of Rs 11), closed on July 31, 2025, reflecting strong investor confidence in the company’s growth trajectory. The funds […]

Corporates

Trident Group Expands Global Footprint With New Office In Dubai

Textile Insights August 3, 2025

Trident Group, India’s leading business conglomerate and the world’s largest manufacturer of terry towels, has announced the opening of its new office in Dubai. Located at THTL Trading LLC, 1202, Maze Tower, Sheikh Zayed Road, near the Museum of the Future, the office will act as a strategic hub to strengthen the company’s presence across […]

Corporates

PUMA Appoints Andreas Hubert As Chief Operating Officer

Textile Insights August 3, 2025

The Supervisory Board of sports company PUMA has appointed Andreas Hubert (49) as Chief Operating Officer (COO), effective September 1, 2025. He will join PUMA’s Management Board, which will then comprise five members. As COO, Hubert will oversee global sourcing operations, sustainability and product development, IT and logistics. The new role consolidates responsibilities

Corporates

Sunil Krishnan Appointed Business Head – Knits Division At Alok Industries

Textile Insights August 3, 2025

Textile industry veteran Sunil Krishnan has taken charge as Business Head – Knits Division at Alok Industries Ltd., where he will be responsible for driving a topline in excess of ₹400 crore and maximizing profitability for the knits fabric division in alignment with the group’s vision. Krishnan, who brings over two decades of experience in […]