About Suryalakshmi Cotton Mills Limited

Suryalakshmi Cotton Mills Limited (SCML), established in 1962, is a vertically integrated textile company specialising in premium yarns and denim fabrics. The company operates manufacturing facilities for spinning in Telangana (Amangallu) and Maharashtra (Amravati), and an integrated denim fabric plant at Ramtek, Nagpur, Maharashtra, with an annual capacity of 40 million metres. SCML serves over 29 countries with a portfolio of more than 3,000 specialty denim varieties, catering to global fashion brands including Levi’s, Kontoor, Amazon, and Walmart. Its product range includes a variety of yarns—such as 100% spun polyester, cotton-polyester viscose blends, Tencel, and recycled fibres—and denim fabrics with options ranging from mercerised, coated, coloured, stretch, rigid, yarn-dyed, to over-dyed varieties weighing between 5 oz to 15 oz.

The company has adopted advanced textile production technologies including CleanKore for eco-friendly and resource-efficient finishing and dyeing processes, along with the addition of newer looms and modern dye houses. SCML also expanded its solar power capacity from 3.5 MW to 6 MW to support sustainable energy needs. Its environmental commitment is reflected through its progression to Silver status in the Indigood certification and achieving a 50% reduction in freshwater consumption. The company ranks within the top 10% of the industry in Higg Index audits, indicating strong sustainability credentials.

Key Milestones of Suryalakshmi Cotton Mills Limited

• 1962 – Company founded.
• Expansion of spinning capacity to approximately 89,952 spindles.
• Development of over 3,000 speciality denim fabric variants through in-house R&D.
• Completed integration of CleanKore sustainable dyeing technology.
• Solar energy capacity increased to 6 MW to aid green energy use in manufacturing.
• Recognition with Silver certification under the Indigood program and top 10% ranking in Higg industry assessments.
• Leadership and governance enhancements with key appointments to the Board and senior management in FY 2024–25.

Suryalakshmi Cotton Mills Limited Business Verticals and Geographic Presence

Core Business Areas:

• Premium yarn manufacturing, including spun polyester, cotton blends, viscose blends, Tencel, elastane, and specialty yarns.
• Denim fabric manufacturing offering a broad assortment designed for diverse garment applications including raw, stretch, rigid, and over-dyed fabrics.
• Development and deployment of sustainable textile finishing and dyeing technologies.

Geographical Reach:

• Domestic manufacturing facilities at Amangallu (Telangana), Amravati (Maharashtra), and Ramtek, Nagpur (Maharashtra).
• Export markets extending to 29 countries worldwide, including longstanding engagements with global apparel and retail brands.
• Domestic revenue accounted for 76.50% of total sales in FY 2024–25, with the balance from international customers.

Suryalakshmi Cotton Mills Limited Key Management

• Sri L. N. Agarwal – Chairman and Managing Director
• Sri Paritosh Agarwal – Managing Director
• Sri Santosh Kumar Agarwal – Chief Financial Officer (appointed January 1, 2025)
• Sri Sudhir Bhansali – President (Finance) (appointed December 2, 2024)
• Sri E. V. S. V. Sarma – Company Secretary & Compliance Officer
• Sri Siddhant Sharma – Chief Executive Officer, Ramtek Unit, Denim Division
• Sri S. V. Murthy – Chief Operating Officer, Amravati Unit
• Sri R. L. Narayana – President, Amangallu Unit

Latest Updates on Suryalakshmi Cotton Mills Limited

• Maintained strong capacity utilisation and volumes during FY 2024-25, with domestic revenue contributing 76.50% and export revenue growing by 9% despite global market uncertainties.
• Invested Rs 22.3 crore in capital expenditure to modernise production machinery and processes.
• Advanced environmental initiatives by integrating CleanKore technology, increasing solar power generation to 6 MW, reducing freshwater use by 50%, and achieving Silver certification under Indigood.
• ICRA reaffirmed credit ratings at [ICRA]BBB (Stable) and [ICRA]A3+ for long-term and short-term facilities respectively.
• Board changes included addition of Non-Executive Directors Sri R. Surender Reddy, Smt. Aruna Prasad, and Dr. Malapally Chowda Reddy Balaji, alongside reappointment of Sri L. N. Agarwal as Chairman and Managing Director.
• Senior management changes included the appointment of Sri Santosh Kumar Agarwal as CFO and Sri Sudhir Bhansali as President (Finance).