### **Overview** Delta Manufacturing Limited (DML), originally incorporated as Delta Magnets Limited in 1982, is a diversified Indian industrial manufacturer with core operations in **magnetic materials** and **garment trims**. The company has undergone a significant strategic transformation over the past decade, transitioning from traditional manufacturing to a technologically advanced player serving global OEMs and India’s leading textile and apparel brands. DML operates two primary business divisions: 1. **Magnet Division**: Designs and manufactures soft and hard ferrite magnets, serving Tier 1 suppliers to automotive (two-wheelers, three-wheelers, passenger vehicles), electronics, aerospace, railways, and telecommunications industries globally. 2. **Garment Trims Division**: Produces woven labels, heat transfers, fabric printed labels, and elastic/non-elastic tapes for major textile and garment manufacturers across India, including export-oriented and sustainable fashion brands. The company operates **three integrated manufacturing and R&D facilities in India**, with a production footprint in Nashik (MIDC industrial site) and a recently expanded trim manufacturing unit in Tirupur, Tamil Nadu. While it previously maintained a UK-based magnet division and distribution facility, these were divested in 2022 as part of a portfolio rationalization initiative. --- ### **Leadership & Management** **Dr. Ram H. Shroff – Managing Director (since 2012)** Dr. Shroff has been instrumental in DML’s operational turnaround and strategic repositioning. Under his leadership, the company has achieved substantial production capacity expansion and global client acquisition. Key achievements: - **Capacity Expansion**: - Soft ferrite production scaled from **7 MT/month to 140 MT/month**. - Hard ferrite output increased from **70 MT/month to 125 MT/month**, achieved through incremental and targeted capital investments. - Led a shift toward innovation and customer-centric operations, positioning DML as a leading supplier in its segments. - Expanded DML’s market reach across automobiles, railways, telecommunications, and aerospace sectors. - Spearheaded digital transformation initiatives, including real-time data integration, fast sample turnaround, and precise color matching systems. Dr. Shroff also holds leadership roles outside DML—he is the founder and head of **Charak Pharma**, an Ayurvedic company present in over 45 countries—though this venture operates independently of DML. --- ### **Strategic Developments (2023–2025)** #### **1. Joint Venture with PREMO S.L. (Spain)** In 2025, DML formed a **strategic joint venture with PREMO S.L., Spain**, a global leader in magnetics and electronic components. This partnership focuses on: - Manufacturing **soft ferrite magnets** for high-value applications in automotive and electronics. - Enabling **full utilization of magnet division capacity**. - Opening doors to **global collaborations and technology exchange**. - Strengthening DML’s product offering and competitive positioning in international markets. This collaboration marks a landmark milestone in DML’s globalization strategy. #### **2. Expansion of Garment Trims Division** - A **new manufacturing facility was established in Tirupur, Tamil Nadu**, a key hub for India’s textile industry. - The expansion is strategic, aiming to: - Improve **customer service efficiency and delivery timelines**. - Capture growing demand from **export clients and sustainable fashion brands**. - Support scalability through enhanced infrastructure and new machinery. - The division obtained critical global certifications including: - **Global Organic Textile Standard (GOTS)** - **Sedex** - **HIGG Index** - **TQP (Textile Quality Protocol)** These validate sustainability and ethical manufacturing practices, enhancing access to global buyers. #### **3. Product Innovation & Operational Excellence** - DML continues to invest in **R&D** to develop new products for untapped segments in both textiles and magnetics. - The company produces over **50,000 unique SKUs** and handles **125–150 orders daily**, demonstrating operational agility. - Capabilities include rapid prototyping, real-time tracking, and precision customization (e.g., color matching), giving it a competitive edge. #### **4. Strategic Transformation & Financial Objectives** - DML is shifting focus from traditional components to **technologically advanced subsystems**, driving differentiation. - The company aims to achieve **profitable growth** through: - Cost optimization - Working capital efficiency - Joint ventures and innovation-led expansion - Target: Become **net debt-free within three years** (by 2028) via disciplined financial management. --- ### **Challenges & Market Environment** DML operates in a **highly competitive, cost-sensitive environment** marked by: - **Rising raw material and energy costs** - **Global supply chain disruptions** - **Geopolitical instability** impacting input pricing and logistics - **Intense competition** in both magnet and textile segments To counter these headwinds, DML is focusing on: - **Advanced technology adoption** for optimal resource utilization - **Efficient production mix** - **Leveraging existing infrastructure** without requiring large new capital outlays --- ### **Corporate Governance & Key Personnel** While the note focuses on DML, it is important to distinguish leadership roles in associated but separate entities: - **Jaydev Mody** – First-generation entrepreneur with interests in gaming, hospitality, textiles, and magnetics. Played a pivotal role in landmark real estate developments in India. - **Anjali Mody** – Leads design and project execution at **Delta Corp** (unrelated to DML), overseeing the 'Deltin' rebranding and major hospitality projects in Goa. *Note: No direct operational link to Delta Manufacturing Ltd.* - **Javed Tapia** – Serial entrepreneur in fintech, IT, and renewable energy; founder of Clover group and 45 Degrees. Not affiliated with DML. - **Rajesh Jaggi** – Vice Chairman of Real Estate, Everstone Group; key figure behind IndoSpace. *Not associated with DML operations.*