About Gloster Limited

Gloster Limited is one of India’s foremost manufacturers and exporters of jute and jute-allied products, with a legacy of excellence in sustainable fibre-based manufacturing. Incorporated as a public company, Gloster’s diverse product portfolio includes woven and non-woven jute geotextiles, treated fabrics (rot-proof and fire-retardant), jute-based interior décor items, and packaging materials for industrial and agricultural use. The company also manufactures eco-friendly jute and cotton shopping bags and made-ups, catering to growing global demand for biodegradable and sustainable products.

Gloster operates state-of-the-art manufacturing facilities in India and serves a wide customer base across India and international markets, exporting to the Americas, Europe, Asia, Australia, and other regions. Its diversified client portfolio ensures no single customer contributes more than 10% of total revenue, underscoring strong risk diversification and a resilient business model.

As on March 31, 2025, the company had five wholly owned subsidiaries. Gloster’s consolidated operations also include its newly added Cables business, marking a strategic diversification beyond jute into industrial manufacturing.

Key Milestones and Developments (FY2024–25)

• Expansion into cables: Gloster commenced commercial production of electrical cables through its subsidiary Fort Gloster Industries Limited on May 30, 2024, formally expanding into a new vertical beyond traditional jute products.
• Corporate restructuring: On November 13, 2024, the Board approved the amalgamation of two wholly owned subsidiaries—Gloster Lifestyle Limited and Gloster Specialities Limited—into Gloster Limited, subject to necessary regulatory approvals.
• Listing update: The company’s equity shares were voluntarily delisted from the Calcutta Stock Exchange with effect from January 29, 2025; however, the shares continue to remain listed on NSE and BSE.
• Certifications and sustainability: Gloster holds globally recognised certifications such as FAIRTRADE, GOTS (Global Organic Textile Standard), GRS (Global Recycled Standard, Unit–DTA), and SA 8000 (Ananya Unit). It is also a member of the Indian Green Building Council (IGBC), reflecting its commitment to sustainable manufacturing and ethical labour practices.
• Export clientele: The company serves major international brands including MUJI (through Marubeni), Coop (via Synoking), Siplec, and Lottemart (via J.S. Company)—demonstrating Gloster’s established relationships in the global retail and lifestyle supply chain.
• Historical milestones: Bonus share issuances were completed on March 7, 2016 and December 19, 2022, reinforcing long-term shareholder value creation.

Business Segments (Consolidated FY2024–25)

• Jute Goods: 87.44% of total revenue
• Cables: 12.56% of total revenue

Geographical Revenue Mix

• Within India: 74.88%
• Outside India (Exports): 25.12%

Key Management

• Shri Hemant Bangur – Executive Chairman
• Rajappa Shivalingappa – Chief Executive Officer & Whole-Time Director
• Ajay Kumar Agarwal – Chief Financial Officer

Ayan Datta – Company Secretary