Shri Jagdamba Polymers is a technical-textiles specialist that turns plastic granules into high-strength industrial fabrics and bags, exporting roughly nine out of every ten units it makes. Founded in 1985 as a tiny woven-sack unit in rural Dholka, Gujarat, with one extrusion line and ten looms, it has spent four decades layering on coating, laminating and non-woven capabilities to become a recognised Star Export House. The recurring approach is to stay narrowly focused on HDPE/PP (high-density polyethylene / polypropylene) fabric engineering, serve demanding overseas buyers who specify exactly how the material must perform, and feed the factory with captive solar and wind power to keep energy costs predictable.
Business segments
Three engines at different stages - a dominant technical-textiles export factory, a small woven-fabrics line, and a tiny captive-renewable-energy unit - all housed inside a single operating company.
1. Technical textiles: the export factory that carries the business
The company makes coated, laminated and non-woven industrial fabrics and bags from HDPE and PP granules, then ships them to buyers in North America, Europe and Asia who use them as construction membranes, geotextiles, bulk packaging and moisture-resistant sacks.
- One material family, many end-uses - every product starts with HDPE or PP resin and becomes a textile fabric that is impregnated, coated, covered or laminated with plastic, classified under a single customs code (HSN 59039090). The same underlying technology serves construction (geotextiles, façade systems, safety fabrics), industrial packaging (bulk bags, woven sacks) and automotive or medical applications, so the factory can shift mix without retooling.
- Built for export from the start - the company operates a 100% Export Oriented Unit (Unit III) alongside its two other Dholka plants, and its main focus is the export market, with customers in the USA, UAE, Canada, Taiwan, the UK, Hong Kong and Slovenia. Because revenue is earned in dollars and pounds, the company uses foreign-currency borrowings as a natural hedge against exchange-rate swings.
- Quality certification opens doors - the manufacturing and supply of HDPE/PP woven fabrics and bags is ISO 9001:2015 certified, which matters when selling into specification-driven markets where buyers audit the plant before placing orders.
- Raw-material prices move with oil, so sourcing is strategic - HDPE and PP are petrochemical derivatives whose prices swing with crude oil and global supply disruptions; the company manages this through proactive procurement, cost management, and by operating in an open-market procurement environment.
- Job work fills the lines - beyond selling its own manufactured and traded goods, the company earns revenue from job-work services, producing to a client’s specification and recognising income once the service is delivered and collectability is assured.
2. Woven fabrics: a small standalone line
A minor stream of woven fabric sales sits alongside the main coated-and-laminated business, serving buyers who need the base fabric without further finishing.
- Same looms, simpler product - woven fabrics are an intermediate stage in the company’s own production chain, so selling them externally requires no additional machinery, only a decision to ship before coating or lamination.
- Fills capacity in quieter periods - when export orders for finished bags and membranes dip, the looms can keep running to produce plain fabric for domestic or regional buyers, keeping labour and overhead absorption steady.
3. Wind and solar: captive power that lowers the factory’s energy bill
The company owns wind turbines and a growing solar installation that generate electricity for its own manufacturing units, turning an unavoidable cost into a partly self-controlled input.
- Windmills at two sites - the company operates windmill power plants at Chotila and Savli, feeding power directly into its operations.
- Solar added in layers - a solar photovoltaic plant was first installed at Unit III, and in July 2024 the company finalised installation of an 8 MW solar power project at an estimated cost of around Rs. 25 crores to meet more of its energy requirements through green power.
- Captive use, not grid sale - the wind and solar output is consumed inside the company’s own factories to reduce power and fuel costs, so the “wind mill” segment is a cost-saving tool rather than a standalone profit centre.
Group structure and partners
The company sits inside a network of commonly controlled textile and investment entities, with a newly formed subsidiary preparing to enter the same technical-textiles space.
- One subsidiary, not yet operational - Global Polyweave Private Limited was incorporated in August 2024 to manufacture and trade technical textiles, polymers, geotextiles and woven/non-woven products. The company initially held 55% and later increased its stake to 80% via a rights issue, though the subsidiary had not commenced business as of the latest filing.
- A cluster of related parties - entities such as Shakti Polyweave, Shri Techtex, Aurum Fabrictech and Shakti Techtex (a 100% EOU) share common directors and engage in job-work, goods purchases and sales with the company.
- A large partnership investment - the company holds an investment in Harmony Finvest, a partnership firm, carried at over Rs. 3,600 lakhs as of March 2024.
- Promoter reclassification simplified the share register - in March 2022, nine individuals were reclassified from promoter group to public shareholders, reducing promoter holding from about 73% to roughly 63% without any sale of shares to outsiders.