About Ambika Cotton Mills Limited

 

Ambika Cotton Mills Limited is an Indian textile manufacturer incorporated in 1988 and headquartered at Coimbatore, Tamil Nadu. The company specialises in manufacturing and selling premium cotton yarn and knitted fabrics, which are supplied to leading apparel and textile markets globally. With a strong focus on quality and innovation, Ambika has established itself as a preferred partner for fine cotton yarns in international markets.

 

The company operates a compact spinning capacity of 1,08,288 spindles across four manufacturing units, along with a knitting facility that converts around 40,000 kilograms of yarn per day into fabrics. Its production plants are located at Kanniyapuram, Dindigul, supported by renewable energy assets through windmills at Tirunelveli, Dharapuram, and Theni in Tamil Nadu. These renewable energy investments help meet captive consumption needs for spinning and knitting operations, ensuring sustainable growth.

 

Ambika’s markets span across Europe, Asia, North America, Africa, and India, including exports through Special Economic Zones. Key milestones include its incorporation in 1988, steady expansion of specialised spinning facilities, and diversification into knitting at Dindigul. The Board of Directors approved the company’s latest financial statements on May 27, 2025. Ambika has no subsidiaries.

 

Ambika Cotton Mills Limited’s Business Segments

 

By Product/Vertical:

 

• Cotton yarn: 53.10% of turnover

 

• Knitted fabrics: 36.17% of turnover

 

• Waste cotton: 10.73% of turnover

 

Domestic vs International:

 

• Exports accounted for 72.43% of total turnover in FY 2024–25, highlighting Ambika’s strong global presence.

 

Ambika Cotton Mills Limited’s Key Management

• P. V. Chandran – Chairman and Managing Director

 

• Dr. K. Venkatachalam – Director

 

• E. M. Nagasivam – Independent Director

 

• Mrs. Vijayalakshmi Narendra – Independent Director

 

• Mrs. Bhavya Chandran – Non-Executive Director (Promoter Group)

 

• Mrs. Vidya Jyothish Pillai – Non-Executive Director (Promoter Group)

 

• Dr. T. Bina – Additional Director (Independent) (w.e.f. March 26, 2025)

 

• Mrs. T. R. Seethalakshmi – Additional Director (Independent) (w.e.f. March 26, 2025)

 

• N. Subramaniam – Independent Director (February 11, 2025 to June 18, 2025)

 

• M. Vijayakumar – Chief Financial Officer

 

• Radheshyam Padia – Company Secretary

Latest Updates on Ambika Cotton Mills Limited

 

• Capacity Expansion: The company is executing a Rs 40.00 crore project to install 6,048 additional spindles integrated with solar power capacity. Funded entirely through internal accruals, the project will be commissioned by September 2025 and will focus on producing specialty yarns.

 

• Export Mix: Exports contributed 72.43% of turnover in FY 2024–25, underlining Ambika’s global reach and strong relationships with international clients.

 

• Financial Strength: The balance sheet shows no long-term liabilities, reflecting the company’s conservative financial strategy and debt-free position.

 

• Credit Ratings: CRISIL reaffirmed its ratings during FY 2024–25 as CRISIL A+/Stable for long-term instruments and CRISIL A1 for short-term borrowings.

 

• Compliance Update: BSE and NSE imposed fines during the year for certain SEBI (LODR) compliance matters. The fines were paid, and waiver requests have been filed.