About Bombay Dyeing and Manufacturing Company Limited

Bombay Dyeing and Manufacturing Company Limited (Bombay Dyeing) is a Wadia Group company that operates through three divisions—Polyester, Realty and Retail—each aligned to distinct market needs. Its core offerings include polyester staple fibre (PSF) manufacturing, real estate development in Mumbai, and home textile retail under the “Home & You” umbrella. The company’s structure and focus areas are detailed in its Annual Report’s “About Us” and operating segment disclosures.

 

Bombay Dyeing serves customers across India and abroad. It operates 1 plant and 7 offices in India, with a national presence spanning 28 states and 1 Union Territory. Its PSF division has a footprint in 23 countries, and export contribution from the PSF plant stood at 32%, while Realty and Retail reported NIL exports.

 

In real estate, the company has completed three major Mumbai projects—Springs, WIC Worli (Axis Bank HQ, a commercial tower) and Island City Center (ICC) residential—and has successfully sold all units in ICC I and II over the last two years. It is currently pursuing the 3rd phase of ICC, covering approximately 1.2 million square feet out of a planned 3.5 million square feet. The company reports that, with the land sale, it has become cash positive, and new launches are expected to generate steady cash flows.

 

Bombay Dyeing had 1 subsidiary as at March 31, 2025. The consolidated disclosures also reflect associates accounted for using the equity method.

 

Bombay Dyeing and Manufacturing Company Limited Key Milestones 

Key milestones highlighted in the report include the real estate project completions and sales noted above, as well as a strengthened balance sheet—Debt Equity ratio is Nil and the company reports being debt-free; interest coverage improved following prepayment of all loans in the previous year.

 

Bombay Dyeing and Manufacturing Company Limited Business Segments

• Polyester Staple Fibre (PSF): 90.80% of turnover.
• Real Estate: 6.24% of turnover.
• Retail/Textiles: 2.96% of turnover.
• Exports contribution (divisional): PSF 32.00%; Realty NIL; Retail NIL.

 

Bombay Dyeing and Manufacturing Company Limited Key Management

• Nusli N. Wadia — Chairman.
• Rajnesh Datt — Manager (w.e.f. February 4, 2025).
• Khiroda Jena — Chief Financial Officer & Chief Risk Officer (w.e.f. August 19, 2024).
• Sanjive Arora — Company Secretary.

 

Latest Updates on Bombay Dyeing and Manufacturing Company Limited

• Realty: Completed Springs, WIC Worli – Axis Bank HQ and ICC residential; all units in ICC I and II sold. The company is progressing the ICC Phase 3 development (about 1.2 million square feet of 3.5 million square feet). It reports becoming cash positive with the land sale and indicates that new launches are expected to generate steady cash flows.
• Retail: “Home & You” launched premium collections—Celebrating India, Regal Living, Blooming Muse (All Digital), and Ecstasy (Dyed in 400TC)—and strengthened offline rack space with a lean cost, low working-capital model.
• Operational footprint: As of the latest year, Bombay Dyeing has 1 plant and 7 offices in India, with a presence across 28 states and 1 Union Territory; its PSF division serves 23 countries.
• Financial and compliance notes: The Debt Equity ratio is Nil and the company reports being debt-free; interest coverage strengthened after prepayment of all loans in the previous year. During February 2025, a GST inspection was conducted; the department sought an explanation on an alleged GST liability, with Rs 23.49 crore paid under protest and no demand order received at the time of reporting. The Board notes no significant and material orders by regulators and no reportable material events during the year.