Post Demerger, Arvind Targets Rs 20,000 Cr. With 4 Listed Firms

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Post Demerger, Arvind Targets Rs 20,000 Cr. With 4 Listed Firms

Sanjay Lalbhai-led Arvind Limited announced a revenue target of Rs 20,000 crore in the next five years with interests spanning textiles, garments, brands, real estate and engineering. The Ahmedabad-based company is set to demerge its fashion and engineering businesses later this year.

"We plan to invest Rs 1,500 crore in the next three years in Arvind Limited to make it a Rs 10,000 crore company from Rs 6000 crore now," Kulin Lalbhai, executive director of Arvind Limited said.

"In the brand and retail segment, each of our brands is growing at the rate of 20% and we see this business growing to Rs 9,000 crore in the next five years from Rs 4,000 crore now,"

Facility expansion

Out of the demerger will emerge Arvind Fashions and Anup Engineering in the latter half of this year. Arvind Fashions will house branded apparel and the retail business while the engineering business will go to Anup Engineering.

Arvind is also expanding its garment facilities in Ethiopia and in Andhra Pradesh and Jharkhand in India.

"Earlier, only 10% of our fabrics were converted into garments; now we aim to convert over 50% of our fabrics into garments. We plan to do 50-60 million pieces a year," said Lalbhai.