About Damodar Industries Limited

Damodar Industries Limited is a listed Indian textile company with its registered office at 19/22 & 27/30, Madhu Estate, Pandurang Budhkar Marg, Worli, Mumbai – 400 013, Maharashtra, and a manufacturing plant at T-26, Add. Textile Park (MIDC Amravati), Amravati, Maharashtra – 444605. The company operates in the textile industry with a focus on spinning and value‑added yarns, and its communications prominently reference capabilities in spinning, fancy, roving injected and weaving. Over the years, Damodar has built a strong position in the fancy yarn segment, backed by promoters with over four decades of industry experience and a history of expanding manufacturing capabilities.

Product-wise, the company produces specialty Open End Yarns and exclusive yarns for home textiles and the sweater market, supported by investments that include installing 1,420 rotors and Italian branded machinery. In-house designers in a dedicated R&D set-up develop new blends and looks, enabling a wide array of value‑added yarns. The company’s shares are listed on BSE (Code: 521220) and NSE (Symbol: DAMODARIND). Customers are spread across geographies, with trade receivables diversified and monitored regularly, as noted in the company’s credit risk disclosures.

Subsidiaries: Not disclosed in the Annual Report 2024‑25, which presents audited standalone financial statements for the year ended March 31, 2025. As on March 31, 2025, the company had 680 permanent employees on its rolls.

Key milestones of Damodar Industries Limited

Key milestones include a recent upgrade in credit ratings and manufacturing enhancements. The company reports a profit growth trend over the past three years and highlights promoters’ long experience as a foundation for a stable market position. It also underscores strong internal financial controls operating effectively as of March 31, 2025, as per the independent auditor’s opinion.

Damodar Industries Limited Key Management

• Arunkumar Biyani – Chairman
• Aman Biyani – Managing Director (from November 19, 2024)
• Ajay Biyani – Managing Director (till November 19, 2024)
• Anil D. Biyani – Executive Director (till November 19, 2024)
• Aditya Biyani – Executive Director (from November 19, 2024)
• Ketan K. Patel – Independent Director
• Mamta A. Biyani – Independent Director
• Pankaj Srivastava – Independent Director
• Sheetal Prashad Singhal – Chief Financial Officer
• Indrajit Kanase – Company Secretary & Compliance Officer (from August 04, 2023)

Latest Updates on Damodar Industries Limited

• Leadership changes: Shareholders approved, via postal ballot, the appointment of Aman Biyani as Managing Director and Aditya Biyani as Executive Director; the e‑voting window ran from January 20, 2025 to February 18, 2025.
• Credit rating: The company’s long‑term bank loan rating stands at CRISIL BBB‑/Stable and short‑term at CRISIL A3, reflecting an upgrade from earlier levels as noted in the Management Discussion & Analysis (MD&A) and Corporate Governance sections.
• Manufacturing enhancements: Installation of 1,420 rotors for specialty Open End Yarns and Italian branded machinery to produce exclusive yarns for home textiles and sweater markets; ongoing in‑house product development through the R&D team.
• Portfolio and asset actions: The MD&A references the anticipated realisation from the sale of the Dadra plant, alongside government subsidies, as factors supporting the financial position and liquidity profile.
• Governance and controls: Independent auditors affirmed that internal financial controls over financial reporting were adequate and operating effectively as of March 31, 2025.
• Shareholder information: As on March 31, 2025, 98.96% of equity shares were in dematerialised form; the company continues to be listed on BSE and NSE.