Sangam India eyes Rs 4,000-cr revenue
Cotton, PV-dyed yarn and ready-to-stitch fabric producer Sangam India expects to achieve a revenue of around Rs 4,000 crore by 2024-25, following capacity expansion at its seven production units in Bhilwara in Rajasthan, a top company executive has said.
“We recorded Rs 2,730 crore revenue in FY23, and this financial year we are expecting to touch Rs 3,000 crore. With our capacity expansion in various product categories, we are targeting close to Rs 4,000 crore revenue by 2024-25,” Sangam India Managing Director and CEO S N Modani told PTI over phone.
However, in this financial year the company’s profit will be impacted as the market is under pressure following global economic conditions, he added. The long-term debt of the company, which employs over 1,200 people, is Rs 600 crore. The company has seven production units in Bhilwara with over 2,36,000 spindles and 3,000 rotors.