Siyaram Silk Mills Limited, also known as Siyaram's and as SSML,[1] is an Indian blended fabric and garment-manufacturer,[2] with an associated chain of retail outlets and branded showrooms and an online store—Siyaram's Online Shop. Siyaram's was incorporated in 1978,[3] and is headquartered in the Kamala Mills compound, Lower Parel, Mumbai.[4]
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| Siyaram's | |
| Company type | Public |
| Industry | Textile and garment manufacture, Fashion |
| Founded | 1978 |
| Headquarters | , India |
Area served | India, Middle East, Sri Lanka |
Key people |
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| Brands |
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Number of employees | 650 (2013) |
Structure edit
Siyaram Silk Mills Ltd (SSM) is part of the Siyaram Poddar Group, which also comprises Balkrishna Industries Ltd and Govind Rubber Ltd, all listed companies at 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] Siyaram's is associated with over 1 lakh retail outlets,[2] and has over 170 branded showrooms spread 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 metres of fabric produced per month;[3] over 60 million meters of fabric annually.[10]
Siyaram's brands include Cadini, J Hampstead, Oxemberg among others.[11]
Product line edit
According to the Economic Times, polyester viscose, derived from crude oil, forms nearly 85% of Siyaram's raw material.[2] In 2014, Siyaram's saw 80% of revenues from fabric sales, 16% from garments, and 4% from yarn.[2] Siyaram's weaving capacity is 8 crore metres; garment capacity is 40 lakh pieces per annum.[2]
Like some other textile manufacturers, Siyaram's has entered the ready made-garment (RMG) sector. Beginning in 2004,[12] it has developed product lines in home furnishing, uniform, children's clothing, and a women's line.[13]
On 24 September 2015, Siyaram's Silk Mills announced its global venture with a prominent Italian brand, Cadini[14][15] at Sahara Star, Mumbai. The company plans to develop an exclusive range of fabrics in long staple cotton, Giza cotton, linen, wool cashmere, wool-silk-linen, silk, wool blends, and jacketing fabrics in linen.
References edit
- ^ a b Hrithik Kiran Bagade, SV Krishnamachari (26 Feb 2013). "Womenswear to propel Siyaram's topline growth". Deccan Herald. Retrieved 26 Feb 2013.
- ^ 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]
- ^ a b c "Siyaram Silk Mills: Reports, Company History, Directors Report, Chairman's Speech, Auditors Report of Siyaram Silk Mills - NDTV". www.ndtv.com.
- ^ Siyaram, Contact Us. "Siyaram - Contact Us". www.siyaram.com.
{{cite web}}:|first1=has generic name (help) - ^ Govind Rubber Limited Announced Business Expansion Plan. India PRwire July 19, 2012 [2]
- ^ "SIYSIL Share Price - 287.00 INR, Siyaram Silk Mills stock price today, Live updates - The Economic Times". economictimes.indiatimes.com.
- ^ "Siyaram's expanding aggressively using the franchising module". Rediff News. Rediff. 10 Oct 2014. Retrieved 10 Oct 2014.
- ^ "Siyaram plans to enter home furnishing". www.thehindubusinessline.com.
- ^ a b "Siyaram's expanding aggressively using the franchising module". Indian Television. 5 November 2014. Retrieved 5 November 2014.
- ^ "Interview with Shri Ramesh Poddar, MD of Siyaram Silk Mills Ltd". www.textilevaluechain.com.
- ^ "Siyaram to introduce three new brands". Business Standard. Retrieved 18 October 2015.
- ^ "Siyaram launches 'Featherz' brand". Economic Times. Indiatimes. 29 Dec 2004. Retrieved 29 Dec 2004.
- ^ Sangeetha G. "Siya". www.mydigitalfc.com. My Digital FC (Financial Chronicle). Retrieved 4 March 2013.
- ^ PTI. "Siyaram announces joint venture with Italian lifestyle brand Cadini". economictimes.indiatimes.com. Economic times. Retrieved 24 September 2015.
- ^ BS Reporter. "Siyaram Silk Mills buys rights of Italian brand Cadini". www.business-standard.com/. Business Standard. Retrieved 24 September 2015.