Arvind Mills Essay

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STRATEGIC FINANCIAL MANAGEMENT REPORT ON SICK INDUSTRIAL UNIT ARVIND MILLS Type | Public (NSE , BSE) | Industry | Textiles | Founded | 1931 | Headquarters | Ahmedabad | Key people | Sanjay Lalbhai (CEO &MD) Arvind N. Lalbhai | Products | Denim, Knits, Khakhis | Revenue | Rs. 52.35 Billion | Net income | Profit Rs. 4.36 Billion[1] | Employees | 25620[2] | Website | www.arvindmills.com | CH: 1 INTRODUCTION TO ARVIND MILL * ArvindMills, the flagship company of the Lalbhai Group, is a producer & manufacturer of textiles. * Its headquarters is in Ahmedabad, Gujarat, India. * It manufactures a range of cotton shirting, denim, knits and bottom weights (Khakis) fabrics. * It is India's largest denim manufacturer. * It is world’s fourth-largest producer and exporter of denim. * In the early 1980s, the company brought denim into the domestic market, thus started the jeans revolution in India. * Today it not only retails its own brands like Flying Machine, Newport Excalibur but also licensed international brands like Arrow, Lee, Wrangler and Tommy Hilfiger, through its nationwide retail network. * Arvind also runs a value retail chain, Megamart, which stocks company brands. * The original budget for the company totaled $ 55 thousand, at present it is $ 500 million ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- CH: 2 HISTORY& OPERATIONS ------------------------------------------------- * 1931 – Arvind Mills Ltd. is incorporated with share capital Rs.2525000 ($55000) in Ahmedabad. Products manufactured are dhoties, sarees, mulls, dorias, crepes, shirtings, coatings, printed lawns & voiles cambrics,

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