Meera Industries is a textile-machinery maker that turned a single patented idea - twisting, plying and reverse-twisting yarn in one step - into a near-monopoly in India’s carpet-yarn sector, then used that position to build a yarn-processing business and a brand-new plastic-packaging line. It was founded in Surat in 2006, listed on the BSE in 2017, and now exports machines to over 39 countries from an 85,000 sq. ft. factory, while describing itself as “born out of the Make in India and Atmanirbhar Bharat ideology”. The recurring approach is to design machines that do what imported equipment does but cost less and are easier to maintain, then stay close to the customer’s shop floor long after the sale - a formula it is now applying beyond textiles. # Business segments Three engines at different stages - a textile-machinery cash cow with a near-monopoly in carpet yarn, a yarn division that doubles as a live showroom, and a plastic-packaging bet that began production only in mid-2025 - each built with the cash flows of the one before. ## 1. Textile machinery: where the group’s reputation and cash come from **Meera designs and builds the twisting, cabling and heat-setting machines that process yarn for virtually every major Indian carpet maker, and competes against European brands by offering similar quality at a lower cost with local service.** - **Patented one-step process** - the flagship TPRX-50 twister uses the company’s own TPRS technology (Twisting, Plying, and Reverse Twisting in One Step), which combines what were previously separate operations into a single machine, so a customer saves time and floor space. - **Near-monopoly in carpet yarn** - the company is the trusted partner of almost all major Indian carpet-yarn manufacturers, and its cabling and continuous heat-setting machines are described as the “first choice” in that segment. - **Competes where Europeans dominate** - in the BCF (Bulked Continuous Filament) carpet-yarn segment, 90% of the global market is held by European manufacturers; Meera’s CT-260 cabler/twister, with its individual tape-drive system, is built to win orders in that space. - **Machines for the hardest-to-twist yarns** - the DTX-300 twists ultra-high-molecular-weight polyethylene yarns such as Dyneema and Kevlar, used in aerospace and medical applications; only a handful of suppliers worldwide can do this with the required accuracy, and Meera is one of them. - **Sold, then supported for life** - revenue comes from one-time equipment sales, but the model depends on post-installation handholding, machine audits, and a ready supply of spares, which keeps customers coming back for their next line. ## 2. Yarn division: a working showroom that pays for itself **The in-house yarn unit twists and sells yarn for industrial use, giving the company a recurring revenue stream while proving its own machines work in real production conditions.** - **Live demonstration of every machine** - started in FY 2017-18, the division runs the same equipment Meera sells, so a prospective buyer can see finished yarn coming off the line rather than relying on a brochure. - **Recurring revenue from a capital-goods company** - unlike the one-time sale of a twister, yarn processing generates repeat income, which smooths out the lumpy order book of the machinery business. - **Operates from the same Surat site** - the division is integrated with the main manufacturing ecosystem, so it shares overheads and technical expertise with the machinery side. ## 3. Plastic division: a packaging bet built on the group’s engineering backbone **Meera began making cast polypropylene film (CPP) - the clear, flexible plastic used in food and pharmaceutical packaging - in June 2025, using the same in-house engineering capability that built its textile machines.** - **Brand-new capacity, switched on after FY25** - the division was formally launched in June 2025 with an installed capacity of 300 tonnes per month, targeting output of 250 tonnes per month, and the land is already available to double that to 600 tonnes. - **Sold by weight to packaging converters** - the film is priced at roughly ₹135 per kilogram, and at launch the order book stood at ₹20 crore, with maximum revenue potential at the initial capacity estimated at ₹40 crore. - **Funded without dilution** - Phase I required an investment of ₹10 crore and the full-capacity build-out is estimated at ₹35 crore, all financed without issuing new equity. # Group structure and partners **A family-led Surat manufacturer with a small US subsidiary that acts as a direct sales-and-service outpost for the Americas, and a European marketing base in Barcelona.** - **Promoter family runs the shop floor** - Dharmesh Desai (Chairman & MD, a mechanical engineer from NIT Surat with over 25 years in the industry) oversees strategy and operations; his spouse Bijal Desai handles administration; their daughter Kenny Desai joined the board in August 2024 with a background in marketing. - **Wholly owned US subsidiary** - Meera Industries USA, LLC, based in High Point, North Carolina, trades in customized machinery and parts, and provides American and Latin American customers with faster spares, on-site demos and prompt service without having to deal with a distant factory. - **Barcelona base for Europe** - the company has established a local marketing presence in Spain to target the European Union market, complementing its CE-compliant machinery. - **Listed on the BSE SME platform** - the company's shares are listed on the BSE SME platform effective from its 2017 listing and is audited by M/s K A Sanghvi & Co LLP, with HDFC Bank as its banker as of FY25.