United Polyfab Gujarat Ltd is a textile manufacturer that turns raw cotton into finished yarn and fabric under one roof - spinning, weaving, and dyeing all happen in-house so the company controls quality and cost at every step. Founded in 2010 and operating out of a single factory complex in Timba, Gujarat, it began commercial production in 2013 and graduated from the NSE’s SME platform to the main board at the end of 2021. The recurring approach is simple: own the machines that do the work, buy the raw material with experienced eyes, and sell to businesses that need consistent supply - no brands, no retail, just manufacturing throughput. # Business segments A single textile engine, backward-integrated from fabric to yarn, with captive renewable power feeding the factory floor - one reportable segment, one location, one operating rhythm. ## 1. Cotton yarn and fabric: the factory that spins, weaves and dyes **Everything runs through one integrated site where cotton enters and finished fabric leaves - the company makes its living on the spread between raw cotton cost and the price its business customers will pay for reliable output.** - **Spinning sets the floor** - roughly 40,000 spindles produce about 800 tonnes of yarn each month, covering counts from Ne 10/1 to Ne 40/1 across carded, combed, compact, core-spun and doubled varieties, so the company can supply both weaving and knitting customers from the same shed. - **Weaving and dyeing add the margin** - the factory turns out grey and dyed fabrics and 100% cotton yarn at an average production capacity of 1.5 million metres per month, which means the company captures value beyond the yarn stage instead of stopping at the first sale. - **Cotton is the whole cost story** - raw cotton is an agricultural commodity whose price swings with weather, government policy and global supply, so the company keeps a dedicated procurement team that buys across multiple intermediaries and chases the best landed cost, domestic or imported. - **Sold to other businesses, not to shoppers** - customers are domestic traders, garment manufacturers and brands, and the company has begun building relationships with large physical and online retailers to supply fabric and garments directly. Revenue is recognised when goods leave the gate and title passes. - **Reputation is the repeat-order engine** - long-standing relationships with major customers, built on quality, design capability and cost, have been the main growth driver, with marketing led by the executive directors themselves rather than a separate sales force. ## 2. Captive renewable power: the factory’s own electricity supply **A windmill and a ground-mounted solar plant feed the production lines directly, cutting the grid-electricity bill and insulating the factory from power-price moves.** - **Wind came first** - a 2.7 MW windmill in Jamnagar, Gujarat, is already commissioned and sending power straight to the production facilities. - **Solar followed at scale** - a 9.38 MW ground-mounted solar plant in Mehsana, Gujarat, built with Zodiac Energy Ltd at a project cost of about ₹18.6 crore, was installed and expected to begin operations shortly after November 2025. - **Energy strategy is woven into operations** - the company’s stated manufacturing philosophy includes sustainable energy and energy-efficient machinery, and it has pursued process upgrades and new technology specifically to conserve power. # Group structure and partners **The listed company sits inside a web of promoter-linked textile enterprises, with a newly formed subsidiary pointing toward a different industry altogether.** - **One wholly owned subsidiary, not yet operating** - United Green Distilleries Private Limited was incorporated in October 2023 to build an ethanol distillery that would sell biofuel to oil marketing companies for petrol blending, along with dealing in sugar, starch and related products; it had not commenced business as of incorporation. - **Promoter entities trade alongside the company** - related parties include United Polyfab Private Limited, United Techfab Limited, United Cotfab Limited, Vinod Spinners Private Limited and several others, all with overlapping directors and promoters, and the company routinely buys from and sells to them in the ordinary course of business. - **Board control rests with the founding family** - Managing Director Gagan Mittal runs day-to-day operations; his father Nirmalkumar Mittal and Ritesh Hada serve as promoter non-executive directors, alongside three independent directors.