About Siyaram Silk Mills Limited

Siyaram Silk Mills Limited is a leading Indian textile and fashion conglomerate with a heritage dating back to 1978 and a public listing since 1980. The Company is engaged in the manufacture and marketing of fabrics, readymade garments, and indigo yarn, serving diverse consumer segments through an extensive pan‑India retail and distribution network, as well as exports to multiple international markets. Its brand portfolio spans menswear fabrics, apparel, and accessories under premier brands and sub‑brands such as Siyaram’s, Mistair, J. Hampstead, CADINI, and Oxemberg, complemented by the newly launched ZECODE and DEVO brands catering to fast fashion and ethnic wear segments.

The Company operates fully integrated manufacturing facilities across Tarapur, Daman, Amravati, and Silvassa, enabling an end‑to‑end value chain encompassing weaving, processing, dyeing, finishing, and garmenting. Siyaram’s domestic business leverages a strong regional retail structure through distribution partners, multi‑brand outlets, franchise stores, and company‑managed retail formats. Internationally, Siyaram’s products are exported to 29 countries, with exports forming a growing part of its diversified business mix. As of the latest reporting year, the Company has one wholly owned overseas subsidiary supporting its global operations.

For over four decades, Siyaram has been known for continuous innovation in fabrics, design, and retail experiences, backed by its tagline of quality, tradition, and trust. Its cluster-based retail approach enhances localised consumer engagement and brand visibility, while in‑house design and manufacturing capabilities provide agility in product development across trends and markets.

Key Milestones of Siyaram Silk Mills Limited

• 1978 – Founded, marking the Company’s entry into fabric manufacturing and marketing.
• 1980 – Public listing of Siyaram Silk Mills Limited on the Indian stock exchanges.
• Expansion into readymade garments, accessories, and finished apparel segments under brands such as Oxemberg and J. Hampstead.
• Launch of high-value lifestyle brands such as CADINI Italy and new-age fast fashion labels ZECODE and DEVO.
• Commissioning of integrated facilities across Tarapur, Daman, Amravati, and Silvassa to cover the full manufacturing cycle.
• Entry into lifestyle retail beyond textiles with the launch of Cadini Italy Perfumes in FY 2024‑25.

Siyaram Silk Mills Limited Business Verticals and Geographical Mix

Business Verticals (FY 2024‑25):

• Fabrics – 81% of total revenue (core business segment focusing on men’s suiting, shirting, and blended fabrics).
• Readymade Garments – 13% of total revenue (brands include Oxemberg, J. Hampstead, ZECODE, and DEVO).
• Others (including dyed yarn and accessories) – 6% of total revenue.

Geographical Mix:

• India – 90.33% of total turnover, supported by a vast network of distributors and franchisees across all regions.
• Exports – 9.67% of total turnover, covering 29 countries across Asia, the Middle East, Africa, Europe, and North America.

Siyaram Silk Mills Limited Key Management

• Ramesh D. Poddar – Chairman & Managing Director
• Pawan D. Poddar – Joint Managing Director
• Shrikishan D. Poddar – Executive Director
• Gaurav P. Poddar – President & Executive Director
• Ashok M. Jalan – Senior President cum Director
• Surendra S. Shetty – Chief Financial Officer
• William V. Fernandes – Company Secretary

Latest Updates on Siyaram Silk Mills Limited

• Branded retail expansion: The Company expanded into fast fashion and ethnic wear through new retail brands ZECODE and DEVO, targeting youth and aspirational consumers. This move marked a diversification within Siyaram’s apparel portfolio.
• Lifestyle extension: Siyaram introduced premium Cadini Italy perfumes in India during FY 2024‑25, marking its entry into high-end lifestyle products available through online and retail channels.
• Brand ambassador: Engaged Bollywood star Ranbir Kapoor as the brand ambassador to reinforce brand visibility and reposition Siyaram as a fashion-forward textile brand.
• Strategic capital action: On October 26, 2024, the Board approved a Scheme of Arrangement for issuing 9% cumulative non‑convertible redeemable preference shares via bonus. Series‑I shares are redeemable in three years and Series‑II in five years, subject to regulatory and shareholder approvals.
• Credit rating: CRISIL reaffirmed the Company’s long-term rating at AA‑/Stable and short-term/commercial paper rating at A1+, showcasing consistent credit strength.
• Governance measures: Appointment of GMJ & Associates as Secretarial Auditors for FY 2025–26 to FY 2029–30; re‑appointment of Ashok M. Jalan as Executive Director for a period of five years effective January 30, 2025.