### **Overview** Winsome Textile Industries Ltd, founded in 1980 in Baddi, Himachal Pradesh, is a leading Indian manufacturer and exporter of **value-added, specialty, and sustainable yarns**, with a strong focus on **mélange, dyed, and fiber-dyed yarns**. Headquartered in Chandigarh, the company operates one of India’s largest and most advanced integrated textile facilities, spanning spinning, dyeing, knitting, and renewable energy generation across a 45-acre campus in Baddi. With a legacy of over four decades and leadership under Mr. Ashish Bagrodia (Chairman & Managing Director), Winsome has evolved from a 16,000-spindle unit into a **110,000-spindle powerhouse**, serving over **250 global customers in more than 50 countries**. The company is increasingly recognized as a **preferred supplier to premium global apparel brands**, including those in the H&M, GAP, Tommy Hilfiger, and Marks & Spencer supply chains. --- ### **Core Business & Product Portfolio** #### **Yarn Division** - **Specialized Yarn Production**: Focuses on **mélange, dyed, fancy, slub, and specialty yarns** made from **natural fibers (cotton, wool, silk, linen)** and **synthetic/recycled fibers (polyester, nylon, modal, Tencel, bamboo)**. - **Count Range**: NE 8s to NE 60s in both carded and combed forms, suitable for knitting and weaving. - **Value-Added Focus**: Nearly **100% of its portfolio consists of value-added yarns**, commanding premium pricing and offering higher margins compared to commodity grey yarns. - **Key Innovations**: - **Double-twisted mélange yarns** for the growing sweater market. - **Jaspe Mélange**, **Chill/Flake Mel**, **Neppy Mélange**, **Shiny Mel**, and **Recycled Melange Yarns**. - Specialty types: **Fluorescent Melange**, **Eco Star**, **Sparkle Yarn**, **Zero Twist**, **Mohair Touch**, **Fuzzy Melange**. - **Sustainable offerings**: Recycled cotton, recycled polyester, Liva-Eco, Ecovero, biodegradable melange. #### **Dyed Yarn Capabilities** - **One of India’s largest dye houses**, with a **daily capacity of 35 metric tons** (increased from 30 MT). - Processes **cotton, viscose, modal, Tencel, bamboo, linen, polyester**, and blends. - Advanced machinery from **Cubotex, Stalam, SSM, Dettin**, and **Setex/Orgatex-integrated systems**. - In-house lab with **Pantone color matching**, **Azo-free dyes**, and **custom shade development** for over **50,000 shade variations**. - **Hybrid model**: Made-to-order for custom value-added products, stocked inventory for faster-moving mid-value yarns. #### **Knitted Fabric Division** - Capacity: **8 metric tons per day**, producing fabrics in **14gg to 28gg** and **26–34 inch diameters**, including **Autostriper** and patterned fabrics. - Product Range: - **Sparkling Mel** (glittering effect in light) - **Vintage Mel / Foggy Melange** (linen-like finish) - **Linen Look Mel**, **Fuzzy Melange**, **Shimmer Melange (cotton-nylon blend)** - Used in T-shirts, hoody jackets, lower garments, and knitwear. --- ### **Strategic Initiatives & Growth Drivers** #### **1. Product & Market Diversification** - Strategic shift from commoditized yarns to **high-margin, niche, and sustainable products**. - Expanding product range with **R&D investments** in new fiber blends and **special-effect yarns**. - Introduction of **"Rapido Melange"** – a fast-track production line enabling delivery in **under 25 days**, enhancing supply chain responsiveness. #### **2. Sustainability & ESG Integration** - **Modernization of spinning and dyeing units** with a ₹65 crore investment (FY25–FY26) to boost efficiency and sustainability. - **Renewable energy integration**: - **3.5 MW run-of-the-river hydel plant** (Dharamshala) supplying ~20% of power. - **2.9 MW solar power plant** commissioned in April 2024. - **Environmental compliance**: Azo-free dyes, low-waste processes, and plans to replace fossil fuels with **agro-based fuels** by end-2025. - **ESG policy** development underway (12–24 month plan). #### **3. Global Expansion & Customer Strategy** - **Export-led growth**: 57% of FY24–25 revenue (~₹495 crore) from exports, up from 45.6% in FY22. - Key markets: **Americas and Europe (81% of exports)**, with growing demand from Asia and Africa. - Positioned as a **reliable alternative under the 'China-Plus-One' sourcing strategy**, benefiting from global diversification trends. - Serves both **international brands directly and domestic fabric manufacturers** supplying global labels. #### **4. Vertical Integration & Operational Excellence** - **Integrated model** covering spinning (110,000 spindles), dyeing (35 MT/day), knitting (8 MT/day), and power (hydel + solar). - Dyes own yarns and uses **in-house yarn for fabric production**, boosting profitability. - **In-house lab** ensures rigorous quality control; government-recognized as a **research institution** (tax benefits on imports). - Achieved **30% higher utilization** of dyeing capacity than nameplate rating through process optimization. --- ### **Financial & Operational Highlights (as of Aug 2025)** | **Metric** | **Detail** | |-------------------------------------|----------| | **Spinning Capacity** | 110,000 spindles | | **Dyeing Capacity** | 35 MT/day | | **Knitting Capacity** | 8 MT/day | | **Cotton Sourcing** | 100% high-quality cotton secured in advance via procurement offices across key ginning centers | | **Export Markets** | >50 countries | | **Global Customers** | 250+ | | **Domestic Customers** | 600+ | | **Export Revenue (FY24–25)** | ₹495 crore (57% of total) | | **PBIDT Margins** | Higher than peers due to value-added focus, low competition | | **EBITDA Margins** | >13–14% in most years (9.53% in FY21, above industry avg) | --- ### **Innovation & Marketing Leadership** - Pioneered **seasonal shade cards** (Autumn-Winter, Spring-Summer) with **2-year trend forecasts**, helping customers anticipate fashion cycles. - Launched **gender-neutral, season-agnostic collections** and **PC Melange Shade Card V19** with recycled content. - Strong **brand recall** as a “one-stop solution provider” for melange and dyed yarns. --- ### **Capital Expenditure & Financial Discipline** - **Phased CAPEX strategy**: - FY19–FY20: ₹5.16 crore - FY21–FY22: ₹21.42 crore - FY23–FY24: ₹76.93 crore - **FY25–FY26: ₹65+ crore planned** for modernization - Focus on **debt reduction**, **financial sustainability**, and **high-return de-bottlenecking investments**. - Minimal speculative exposure—operates strictly as a **converter of fibers**, avoiding inventory risk through **"sell-first, make-later"** and **"sell-and-make" hybrid models**.