About Standard Industries Limited

Standard Industries Limited, one of India’s oldest corporate entities, traces its origins to 1892 when it was incorporated as The Standard Mills Company Limited under the Indian Companies Act, 1882. Reflecting its diversified business evolution, it was renamed Standard Industries Limited in October 1989. Headquartered in Navi Mumbai with corporate offices in Mumbai, the Company operates across two principal business segments — a Property Division (earlier real estate) and trading in textiles and chemicals. At the Group level, its industrial activity includes the manufacture of common salt through a wholly owned subsidiary, providing a stable manufacturing complement to its trading operations.

The Company’s Property Division is focused on monetising and managing surplus real estate assets in line with prevailing market conditions. Simultaneously, the textiles and chemicals trading division caters to institutional and wholesale clients in India, reinforcing its domestic orientation. During FY 2024–25, Standard Industries generated all its revenue from customers within India, and none of its non-current assets are situated outside the country. The Company’s consolidated financial statements for the year ended March 31, 2025, were approved by the Board on May 20, 2025, underscoring 128 years of continuous reporting and governance adherence.

Standard Industries Limited operates with two wholly owned subsidiaries, reflecting a straightforward and efficient corporate structure. With a lean workforce of 14 permanent employees as of March 31, 2025, the Company continues to demonstrate financial discipline and operational prudence as core attributes of its enduring corporate framework.

Key Milestones of Standard Industries Limited

• 1892 – Incorporated as The Standard Mills Company Limited under the Indian Companies Act, 1882, commencing operations as part of India’s early industrial ecosystem.
• October 1989 – Adopted the name “Standard Industries Limited” to represent its broader business interests.
• Initiation of Property Division to monetise surplus real estate and optimise asset utilisation.
• Expansion of trading operations in textiles and chemicals to strengthen its domestic market presence.
• Consistent compliance with Indian Accounting Standards and RBI-related disclosure frameworks as a diversified Indian corporate entity.

Standard Industries Limited Business Verticals 

Business Verticals:

• Property Division: Management and monetisation of surplus real estate assets. The division operates under a flexible liquidation model dependent on prevailing market conditions.
• Trading Division: Domestic trading in textiles and chemicals, serving institutional buyers and retail intermediaries. Products include fabrics, garments, and chemicals for industrial use.
• Manufacturing (Subsidiary): Production of common salt through a wholly owned subsidiary, contributing steady operational income and diversification at the Group level.

Geographical Presence:

• India – The company’s entire revenue and asset base are located within India, reflecting its long-term domestic focus.
• International – The company does not generate revenue from foreign customers and has no non-current assets outside India.

Standard Industries Limited Key Management

• Shri Pradeep R. Mafatlal – Chairman
• Shri D. H. Parekh – Executive Director
• Shri J. R. Shah – Chief Financial Officer
• Smt. Tanaz B. Panthaki – Vice President (Legal) & Company Secretary

Latest Updates on Standard Industries Limited

• Trading performance: The Company expanded its product range in the textile trading business and secured institutional orders for shirts and trousers. The school uniform segment performed strongly during the year.
• Customer concentration: Two major customers accounted for approximately 64.16% of trading revenue during FY 2024–25, reaffirming strong institutional demand in the domestic market.
• Board composition updates: Changes during the year included cessation of Shri Shobhan Diwanji (August 13, 2024) and appointments of Shri Ganpatrao Patwardhan (August 6, 2024), Shri Vedant Podar, and Shri Rajanya P. Mafatlal (November 7, 2024).
• Corporate governance: The company continues to uphold robust governance standards with periodic board evaluations and dynamic oversight reflecting legacy stewardship and evolving strategic priorities.
• Upcoming AGM: The 128th Annual General Meeting is scheduled for July 29, 2025, at 3.00 PM via Video Conferencing/Other Audio-Visual Means (VC/OAVM), with the deemed venue as the registered office in Navi Mumbai.