Every sheet of paper ever made has passed over a fabric - and Voith Paper Fabrics India Ltd is the only company in India that makes the full range of those fabrics. Incorporated in 1968 as Porritts & Spencer (Asia) Limited and later renamed after its integration into the German Voith Group, the company has spent more than fifty years as a focused manufacturer of paper machine clothing, the consumable industrial felts that paper mills must replace continuously. Everything it does follows a single logic: it is a subsidiary of the world’s leading full-line paper-industry supplier, and it wins by bringing that parent’s technology, R&D and global reach to every Indian paper mill - from the smallest 5-tonne-per-day unit to the largest 2,000-tonne-per-day plant. # Business segments A single engine - the manufacture and trading of paper machine clothing - serving every paper grade and every mill size in India, with international sales routed through the Voith Group’s global network. ## 1. Paper machine clothing: the consumable that keeps paper mills running **It is the only full-line supplier of paper machine clothing in the Indian sub-continent, making and trading every type of industrial felt and fabric that a paper machine consumes - a replacement-part business, not a capital-equipment sale.** - **The only full-range manufacturer in the Indian sub-continent** - no other domestic producer can supply the entire spectrum of paper machine clothing across all paper grades, from newsprint and writing paper to packaging board and tissue, which makes the company a single-source partner for mills that would otherwise have to piece together their fabric needs from multiple suppliers. - **Consumable demand, not discretionary spending** - paper machine clothing wears out during production and must be replaced regularly, so mills buy it as an operational necessity regardless of the economic cycle, tying the company’s fortunes to the volume of paper being made rather than to mills’ capital-expenditure budgets. - **Technology and R&D from the parent, not built from scratch** - the company pays technical know-how fees to the Voith Group (₹72.69 million in FY24) for access to the Group’s research and development, which lets it introduce advanced products and offer customised solutions without maintaining its own large R&D department. - **Sold directly at home, routed through the Group abroad** - in India the company sells directly to paper mills, while exports to North America, South America, Europe, China and South East Asia are merchandised through other Voith Group companies, giving it international reach without the cost of building its own overseas sales force. - **Predictive service as a competitive edge** - with an experienced technical support team and digitisation, the company can identify potential problems on a customer’s paper machine and take remedial action before a breakdown occurs, helping mills avoid the heavy cost of unplanned downtime. # Group structure and partners **A listed Indian subsidiary of the German Voith Group, with no subsidiaries of its own - it is a pure operating company that draws technology, global distribution and board leadership from its parent.** - **Controlled by the Voith Group** - VP Auslandsbeteiligungen GmbH holds 74.04% of the equity and nominates the Chairman, making the company a consolidated part of one of the world’s leading full-line paper-industry suppliers. - **International sales flow through fellow subsidiaries** - products for foreign markets are merchandised through Voith Group companies such as JM Voith SE & Co. KG and Voith Paper (China) Co. Ltd., with whom the company buys, sells and exchanges services at arm’s length. - **Listed but tightly held** - the equity shares trade on the Bombay Stock Exchange, though the free float is limited by the parent’s dominant stake, and the company’s Faridabad land is still registered under its original Porritts & Spencer (Asia) Limited name, a legacy of its pre-Voith origins.