- **Damodar Industries is a yarn maker that has spent over 35 years turning commodity fibres into high-value specialty threads - it is one of India’s largest manufacturers of fancy yarns, the textured, multi-colour yarns that give fashion fabrics their look and feel**. **Founded in 1987 and run by a family with more than four decades in textiles, the company has always followed the same playbook: develop new yarns in-house before anyone else, then sell them into markets that bigger mills ignore**. **That approach recently led to a hard reset - it closed its Daman plant and sold its Dadra plant, consolidating everything into one modern facility in Amravati, just as the next generation of the promoter family took the reins in late 2024**. # Business segments A single engine - specialty and fancy yarn manufacturing - run from one integrated plant, selling to apparel and home-textile makers across India and export markets. ## 1. Specialty and fancy yarns: where commodity fibre becomes fashion **The company makes the yarns that give sweaters their slubs, bouclé loops and colour effects - it does not spin plain commodity yarn, it engineers texture and appearance, and that lets it charge for differentiation rather than compete on the price of cotton.** - **One of India’s largest in a fragmented niche** - the company claims leadership in the fancy yarn segment, a category where most competitors are small unorganised players who cannot match its range of blends or its in-house design capability. - **In-house R&D is the real factory** - a dedicated team of designers develops new yarns with different blends, finishes and constructions, staying ahead of fashion trends so that each season’s collection is ready before buyers ask for it; every product is conceived and executed inside the company, not copied from a catalogue. - **One plant, world-class machines** - the Amravati facility runs Swiss, Japanese and German equipment across roughly 70,000 spindles and 1,420 rotors, including Italian-branded machines dedicated to the sweater and home-textile markets. Consolidating from three plants to one eliminated older, obsolete machinery and concentrated production under a single roof. - **Exports are the anchor, not an afterthought** - over half of revenue came from exports in FY25, with products going mainly to Europe, Asia and Latin America; foreign exchange earned was Rs. 21,859 lakhs. The customer base is broad - many buyers across geographies, no single customer dominates, and credit terms run 30 to 90 days backed by guarantees or letters of credit where needed. - **A domestic network that reaches where others do not** - the company sells under the “Damodar” brand through a pan-India distribution and franchisee network, deliberately targeting Tier II and Tier III cities with marketing campaigns tailored to each local market. # Group structure and partners **A family-run, publicly listed single-entity with no subsidiaries - the next generation now runs operations while the founding generation remains on the board.** - The promoter group held 70.63% of equity as of FY21; by May 2026, the total promoter shareholding was 34.61%, of which 64.60% was encumbered. - In November 2024, the founder’s sons - Aman Biyani and Aditya Biyani, both commerce graduates with over 15 years of business management experience - took over as Managing Director and Whole Time Director, succeeding the previous generation. - The company has no subsidiaries or joint ventures as of FY25; it previously had a subsidiary, Damosuam Carriers Pvt. Ltd., which no longer appears as a subsidiary in the latest filings. - Related-party transactions exist with several promoter-linked entities including Shri Damodar Yarn Manufacturing Pvt. Ltd., Suam Overseas Pvt. Ltd., and Damodar Overseas Pvt. Ltd., the last of which is associated through a director but is not a subsidiary. - Credit ratings from CRISIL as of FY25 are BBB-/Stable on long-term bank loans, A3 on short-term bank loans, and BBB-/Stable on fixed deposits. The company accepts public fixed deposits - it accepted and renewed Rs. 28.24 crore in FY24 with no defaults - and maintains banking relationships with State Bank of India, YES Bank, HDFC Bank, Kotak Mahindra Bank and Bank of Baroda.