Siyaram Silk Mills
Indian textile manufacturer
From Wikipedia, the free encyclopedia
Siyaram Silk Mills Ltd, also known as Siyaram's or SSM,[1] is an Indian blended fabric and garment manufacturing company,[2] with an associated chain of retail outlets, and branded showrooms. Siyaram's was incorporated in 1978,[3] and has its headquarters in the Kamala Mills compound, Lower Parel, Mumbai.[4]
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| Siyaram's | |
| Type | Public |
| Industry | Textile and garment manufacture, Fashion |
| Founded | 1978 |
| Headquarters | , India |
Area served | India, Middle East, Sri Lanka |
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| Brands |
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Number of employees | 650 (2013) |
Structure
Siyaram Silk Mills Ltd. (SSM) is a subsidiary of the Siyaram Poddar Group, the parent company of Balkrishna Industries Ltd. and Govind Rubber Ltd., which are all listed companies on the Bombay Stock Exchange.[5] SSM is a small-cap company with a market capitalization of ₹936.75 crores.[6] Siyaram manufactures and sells fabrics,[7] ready-made men's and women's apparel, home furnishings, and yarns.[1][3][8][9] SSM is associated with one lakh retail outlets,[2] and has over 170 branded showrooms across the country.[9] In the March 2014 quarter, the company's annual net profit was ₹20.2 crores.[2] Siyaram produces over 4 million meters of fabric per month, totalling over 60 million meters annually.[10]
Product line
According to The Economic Times, polyester viscose, which is derived from crude oil, accounts for approximately 85% of Siyaram's raw material.[2] In 2014, Siyaram reported 80% of its revenue came from fabric sales, 16% from garments, and 4% from yarn.[2] Siyaram's weaving capacity is approximately 80 million meters and its garment production capacity is around 40 lakh pieces annually.[2]
Like some other textile manufacturers, Siyaram's has produced the ready-made garment (RMG) sector. Starting in 2004,[11] the company introduced product lines including home furnishings, uniforms, children's apparel, and women's clothing.[12]
On 24 September 2015 Siyaram's Silk Mills announced a partnership with Italian brand Cadini[13][14] at an event held at Sahara Star in Mumbai.