Indo Count Industries Limited

Indo Count Industries Limited is a home textiles company founded in 1988, with commercial operations commencing the same year, and operates in a single segment: textiles focused on bed linen and related made-ups as disclosed under segment reporting and statutory notes for FY 2024–25. Activities span manufacturing and exporting home textiles, with revenue from sale of products and job work services recognized upon transfer of control per contract terms, reflecting its core in bed linen exports and processing services. Operating geographies include India-based manufacturing facilities at Kolhapur (Maharashtra) and Bhilad (Gujarat), with global sales presence through subsidiaries in the USA, UK, and UAE supporting international distribution and customer proximity in key markets. The company has four direct subsidiaries: Indo Count Retail Ventures Pvt. Ltd. (India), Indo Count Global, Inc. (USA, consolidated; includes Fluvitex USA, Inc., Modern Home Textiles, Inc., and Indo Count Global East, Inc.), Indo Count UK Limited (UK), and Indo Count Global DMCC (UAE), with no subsidiaries sold or liquidated during FY 2024–25. Key milestones in FY 2024–25 include capacity and efficiency upgrades across energy, water, and steam systems; commissioning and operation of ground-mounted 8 MW and rooftop 1.3 MW solar plants; and multiple industry awards for sustainability and operational excellence, underscoring leadership in home textiles and responsible manufacturing. On a standalone basis, for the year ended March 31, 2025, revenue from operations was Rs 3,771.65 crore with profit after tax of Rs 237.21 crore, reflecting continued scale in its bed linen franchise.

Indo Count Industries Limited Business Segment

• Segment structure: The company operates only in a single segment, textiles, with chief operating decision makers identified as the Chairman, Vice Chairman, and CEO; segment reporting confirms no other reportable segments for FY 2024–25.

Indo Count Industries Limited Key Management

• Anil Kumar Jain — Executive Chairman

• Mohit Jain — Executive Vice Chairman

• Kailash R. Lalpuria — Executive Director & CEO

• Kamal Mitra — Director (Works) / Whole-time Director

• Manish Bhatia — Chief Financial Officer (appointed w.e.f. February 11, 2025)

• K. Muralidharan — Group Chief Financial Officer (elevated w.e.f. February 11, 2025)

• Satnam Saini — Company Secretary

• Independent Directors (selection): Dr. Sanjay Kumar Panda; Siddharth Mehta; Akash Kagliwal; L. Viswanathan; Ambika Sharma; with certain Independent Directors ceasing w.e.f. August 16, 2024 as disclosed.

Latest Updates on Indo Count Industries Limited

• Commissioned renewable energy capacities: 8 MW ground-mounted solar plant (~11 million KWH per annum) and 1.3 MW rooftop solar plant (~2 million KWH per annum), enhancing green power mix in FY 2024–25.

• Energy and process efficiency upgrades: Enhanced turbine performance; installed 250 KW back-pressure turbine at Bhilad (1.6 million KWH per annum); increased condensate recovery; automation and VFD installations reducing steam, coal, and power consumption in FY 2024–25.

• Water stewardship: Expanded ETP, RO, and MEE as part of a phased pathway towards Zero Liquid Discharge by 2030; reduced freshwater intake and increased recycling initiatives during FY 2024–25.

• Leadership and governance changes: Appointment of Manish Bhatia as CFO and elevation of K. Muralidharan as Group CFO w.e.f. February 11, 2025; re-appointment proposals for Executive Chairman, Executive Vice Chairman, and Whole-time Director; secretarial auditor appointment proposal aligned with amended SEBI Listing Regulations.

• Awards and recognitions: CII National Award for Excellence in Water Management 2024; Global CSR & ESG Awards 2024 in two categories; CITI Sustainability Awards; Home Excellence Award by Home Fashion Products Association; “Vastra Ratna Global Achiever Award” to Executive Chairman by Texprocil in 2024.