### **Overview** Sky Industries Limited, incorporated in **1989**, is a **leading Indian manufacturer and exporter** of **narrow woven fabrics**, specializing in **hook and loop tape fasteners** and **value-added technical textiles**. With over **35 years of industry experience**, the company has established itself as a trusted supplier across domestic and international markets, serving more than **800 customers in India** and exporting to **over 10 countries**, including the USA, UK, Germany, Italy, Turkey, Bangladesh, and Sri Lanka. The company operates exclusively in the **narrow woven fabrics** segment, with a strong focus on **innovation, sustainability, customization, and operational excellence**. It serves diverse end-use industries such as **footwear, automotive, orthopaedics, medical devices, defence, sportswear, fashion, and packaging**. --- ### **Core Business & Product Portfolio** Sky Industries is **India’s only listed company** manufacturing hook and loop tape fasteners, offering a comprehensive range of engineered fastening solutions: - Hook and loop tapes (standard and self-adhesive variants) - Technical webbings and velvets - Functional elastics - Neoprene and neoprene-based fabrics (via subsidiary) Products are customized in terms of size, shape, adhesive type, and performance characteristics to meet client-specific needs across industries. --- ### **Subsidiary & Strategic Expansion: Skytech Textiles Private Limited** In **June 2024**, Sky Industries launched **Skytech Textiles Private Limited**, a wholly-owned subsidiary focused on **high-performance neoprene-based fabrics**. This strategic move supports the company’s diversification into **specialized fabric solutions** and capitalizes on growing demand in global markets for: - Equestrian gear - Swimwear and scuba suits - Luggage and sportswear - Orthopaedic aids and medical supports The **neoprene manufacturing facility** is located in **Bhiwandi, Maharashtra**, and aims to reduce India’s import dependence in this high-value segment. --- ### **Key Partnerships** - **Aplix Inc. (Global Marketing Partner in India)**: Since **June 2025**, Sky Industries serves as the **official marketing partner** of Aplix Inc., a world-renowned innovator in fastening systems with over 50 years of experience. - This partnership expands Sky’s ability to offer **advanced, sustainable fastening solutions** in sectors like **automotive, aerospace, hygiene, and packaging** in India. - Aplix’s focus on **precision, durability, and eco-friendly solutions** complements Sky’s innovation-driven, customer-centric approach. --- ### **Manufacturing & Capacity** Sky Industries operates two modern manufacturing facilities: - **TTC Industrial Area, Pawne, Navi Mumbai** (since Aug 2024) - **Bhiwandi, Maharashtra** Collectively, the facilities span **approximately 80,000 sq. ft.**, with integrated **end-to-end capabilities from yarn to finished technical textile products**. **Installed Monthly Capacity (as of Aug 2024):** - **Hook & Loop Fasteners**: 9 million meters - **Webbings & Velvet**: 3 million meters The company has **acquired land in Gujarat** for a **new manufacturing plant**, currently under commercial development, to expand capacity and meet rising domestic and global demand. --- ### **Sustainability & Certifications** Sky Industries is committed to **environmental responsibility and sustainable manufacturing**: - **Global Recycled Standard (GRS) Certified** (achieved Jun 2025) - Uses **recycled materials** in production - Pursues **eco-friendly materials and greener processes** - Holds multiple certifications: - **ISO** - **IATF 16949** (for automotive quality management) - **OEKOTEX** (for textile safety) - **Bureau of Indian Standards (BIS) Certification** – **only licensed Indian manufacturer** permitted to use the **BIS mark** for hook and loop tapes The company actively participates in the **BIS Committee** for formulating national standards, reinforcing its leadership in quality and compliance. --- ### **Market Position & Strategic Focus** - **Core Strengths**: - Market leader in **premium hook and loop tape fasteners** in India - **Only listed Indian manufacturer** in its niche - Strong R&D focus and **lean, digitized manufacturing** - Diversified customer base (top 10 customers account for ~15% of revenue) - Institutional demand from **healthcare and defence** ensures stable revenue - **Strategic Priorities**: - Expand **customized, value-added product offerings** - Increase **export share** from current ~15–20% (target: over 20%) - Drive **digitalization, automation, and operational efficiency** - Invest in **R&D and sustainability** to align with global trends - Leverage **“Make in India”** and **100% FDI in textiles** to attract global partnerships --- ### **Recent Milestones (Jun 2025)** - Inaugurated **first Public Display Centre in Mumbai** to enhance stakeholder engagement and showcase innovations. - Reported **strong financial performance**, driven by: - Revenue growth - Improved **EBITDA margins** - Higher net profits - Growth attributed to **operational discipline, innovation, and customer-centric strategies**. - Leadership across **Production, Sales, and R&D** is driving **domestic and global market expansion**. --- ### **Global Presence & Export Performance** - **Exports** to over **10 countries**, including USA, Canada, Germany, UK, Italy, Australia, Turkey, Bangladesh, and Sri Lanka - Export revenue grew **nearly fivefold** between 2019–2021, accelerated by: - US-China trade tensions - Post-pandemic global supply chain diversification - “China+1” sourcing shift – positioning India, and Sky Industries, as preferred alternative - Recognized with multiple **“Highest Exporter Awards”** by **SRTEPC** (Ministry of Textiles, Government of India) --- ### **Contact & Operational Summary** - **Founded**: 1989 - **Incorporated**: 1989 | **Listed**: Yes (Only Indian listed player in hook & loop segment) - **Headquarters & Manufacturing**: Navi Mumbai & Bhiwandi, Maharashtra - **New Facility**: Gujarat (under development) - **Employees**: Not disclosed | **Customer Base**: 800+ domestic, 10+ export countries - **Ind AS Segment**: Single segment – Narrow Woven Fabric Products