Sangam India Targets Rs 4,000 Crore Revenue By Fiscal 2024-25
SN Modani led and Bhilwara based Sangam India aims to achieve around Rs 4,000 crore in revenue by fiscal 2024-25, as against Rs 2,730 crore, the textiles company reported in fiscal 2022-23.
“The textile company hopes to cross Rs 3,000 crore in revenues in the current fiscal,” media reports stated.
Sangam India is a producer of cotton, PV-dyed yarn, and ready-to-stitch fabrics and has set the ambitious target, due to ongoing expansions in its various plants.
The operation of Sangam India are spread over seven production locations and has installed capacity of 236,000 spinning spindles and 3,000 OE rotors.
Sangam India also has setup a seamless knitted garment manufacturing plant which produces 5.4 pieces per year.
The company is in the process of expanding cotton, denim and synthetic weaving capacity at a cost of Rs 600 crore and plans to invest an additional Rs 300 crore by the end of this year.
