Spunweb Nonwoven makes the fabric inside the diaper, the surgical gown, and the crop cover - not by weaving thread, but by melting plastic granules and bonding them into a breathable sheet in a single continuous process. Founded in 2015 in Wankaner, Gujarat, it began with one production line aimed at the hygiene and medical industries, then consolidated its footprint by acquiring a sister manufacturing entity in 2023 and listing on the NSE EMERGE platform in 2025. The recurring approach that explains the business is a deliberate spread across six fabric grades and multiple end-markets - from diapers to dragon-fruit covers - so that no single sector dominates, paired with a pass-through pricing model that hands raw-material price swings straight to the customer.
Business segments
A single manufacturing engine producing polypropylene spunbond nonwoven fabric, sold to over 500 B2B customers across hygiene, packaging, medical, and agriculture end-markets, with a small B2C export subsidiary that sources locally.
1. Spunbond nonwoven fabric: the group’s sole manufacturing engine
Seven production lines melt polypropylene granules and bond them into fabric in one step - no yarn, no weaving - creating a lightweight, breathable material that can be made water-repellent, skin-soft, flame-retardant, or UV-resistant depending on the customer’s need.
- One process, six personalities - the same spunbond technology yields six distinct fabric grades: Hydrophobic (water-repellent, for diaper back sheets and packaging), Hydrophilic (liquid-absorbing, for diaper and sanitary-pad top sheets), UV Treated (sun-resistant, for crop and fruit covers), FR Treated (flame-retardant, for aviation and construction), Anti Static (charge-dissipating, for surgical caps and masks), and Super Soft (skin-friendly, for adult and baby diapers). Fabric weight ranges from 7 to 150 GSM, and products are available in over 20 colours with customisation options including coatings, slitting, and printing.
- Hygiene pays the bills - the hygiene sector (baby diapers, adult care, femme care, pet care) contributes over half of revenue, and it carries the highest margin among end-markets; packaging margins run about 1% to 1.5% lower, and agriculture about 0.5% to 1% lower. Roughly half of capacity is dedicated to higher-margin hygiene products, with the rest allocated to medium- and lower-margin applications.
- Scale through seven Chinese-sourced lines - the group operates 7 production lines, all sourced from China, across two entities at a single location in Wankaner, Gujarat: the listed parent SNL runs 3 lines with 20,400 MTPA of capacity, and the wholly owned subsidiary SIPL runs 4 lines with 18,740 MTPA, for a combined installed capacity of 39,140 MTPA. The lines come in three technology configurations - S, SS, and SSS - and three widths (1.6 m, 2.6 m, 3.2 m), with narrower lines dedicated to specific products to reduce wastage.
- Raw material risk passed straight through - the key input is polypropylene granules, sourced roughly 50% from domestic suppliers and 50% from imports (Singapore, Saudi Arabia, and others) on a spot-price basis, with one-year MOUs for domestic suppliers like Reliance and IOCL. The company operates a pass-through pricing mechanism, so polypropylene price changes flow directly to customers - an industry practice that insulates margins from commodity swings.
- Solar cuts the power bill - the group has commissioned 6.5 MW of ground-mounted solar capacity (4.5 MW at SNL, 2.0 MW at SIPL) plus rooftop installations, together generating about 1.19 crore units annually and covering nearly 60% of SNL’s total power consumption. The company also benefits from government subsidies for technical textiles, including a 20% capital subsidy on investment and a benefit of 1 per 15% on the electric unit rate.
2. Cigate Consumer: a small B2C window for export markets
A 51%-owned subsidiary that sources finished consumer products locally and sells them to export customers - a B2C sideline, not a manufacturing operation.
- Separate from the factory - Cigate Consumer Private Limited (CCPL) serves export clients with end-consumer products, operating in the B2C segment rather than the parent’s B2B fabric-supply model.
- Local sourcing, export focus - the subsidiary sources products locally for its export operations, meaning it does not draw on the parent’s manufacturing output.
Group structure and partners
A listed parent with two subsidiaries - one a wholly owned manufacturing twin, the other a majority-owned export sideline - all controlled by the founding promoters.
- Spunweb Nonwoven Limited (SNL) is the listed parent, operating 3 production lines with 20,400 MTPA of capacity at Wankaner, Gujarat.
- Spunweb India Private Limited (SIPL) is a 100% wholly owned subsidiary, acquired in 2023, operating 4 production lines with 18,740 MTPA of capacity at the same Wankaner location.
- Cigate Consumer Private Limited (CCPL) is a 51% majority subsidiary dedicated to export clients only.
- Promoters Kishan Dilipbhai Kagathara and Jay Dilipbhai Kagathara, together with a promoter group of 28 entities and individuals, held 65.27% of the company as of March 2026.