Evolution
Driven by Values, Technology & Responsibility
1984
Foundation
Maiden business at Coimbatore, India
1989
First Steps
Knitted garment export at Tirupur.
1995
First Steps
First spinning unit at Sathyamangalam with 6,000 spindles. Increased to 30,240 spindles by 1999
2001
Business Expansion
Spinning mill at Karumathampatti with 30,240 spindles; Knitting facility & Wind mill for captive use
2003
Business Expansion
Spinning unit at Neelambur with 50,784 spindles; Knitting facility & Wind mill
2005
Business Expansion & Alternative Energy Initiatives
At Arasur 1,00,800 spindles; Knitting facility, Garment Unit and Wind Mills
2006
Global Majors Investments
Private Equity participation by leading US Corporate ‘Brandot Investments’ & Two others - $ 25 Mn
2007
Public Listing
IPO at a premium. Shares Listed at Bombay & National Stock Exchanges, India
2010
Business Expansion & Alternative Energy Initiatives
Expansion of value-added Compact Spinning with 1,03,680 spindles at Karumathampatti besides upgrading green energy through windmill.
2011
Modernisation cum expansion
At Sathyamangalam Mill, enhancing spindles to 51,456.
2012
Modernisation cum expansion
Melange yarn project with 16,128 spindles at Karumathampatti.
2013
Sugar cum Co-gen
Co-gen cum Sugar Plant at Karnataka – 30 MW and 5000 TCD capacity.
2014
Expansion
Expanded Garment capacity at Arasur by 10 Million pieces.
2015
Fully Air Conditioned
New green field Garment capacity at Thekkalur with 12 Million pieces.
2016
Expansion
Established New green field garment facility of 36 Mn garments.
2017
Environment-friendly Process through Technology
Established new Ecofriendly Processing capacity with Advanced Technology - 9000 MT. Established Sophisticated high resolution printing division – 7500 MT
2018
Technology Enablement
Established 10 Million Garment Manufacturing unit at Mekelle, Ethiopia.
2019
Expansion : Processing
Increased Processing capacity by 4000 MT
2019
Garment Expansion
Brown field garment expansion by 10 Mn Garments
2019
Ethanol Plant and Expansion
Setup 120 KLPD Ethanol Plant at Karnataka. Sugar Mill capacity expanded to 10000 TCD
2019
Our Brand
Retail segment : ‘FASO’ 100% Organic Cotton Men’s innerwear launched
2019
Singapore Office
To enlarge export activities in Asia, established a Wholly owned Subsidiary Company at Singapore
2020
Expansion
Sugar cum Ethanol Business in Karnataka :with Sugar - 10,000 TCD :47.50 MW :230 KLPD , Garment Capacity Expansion in Tamil Nadu with 42 million Garments per Annum
2021
Expansion
Processing Unit Capacity increased by 3000 MT
2022
Expansion
New Garment Facility at Chengapalli and New Sugar cum Ethanol Facility at Karnataka.
2023
Expansion
Roof top 12 MW solar power installed at Arasur factory.
2023
Expansion
Added Latest Technology 'Vortex' to produce viscose yarn
2023
Expansion
Increased Ethanol Capacity
2023
FASO Women's wear launched.
