Involved in manufacturing and marketing of denim fabrics, cotton fabrics and khakis Nandan Denim Ltd., one of the leading integrated denim fabric manufacturers of India, has reported an increase of 35 per cent in its net profit in the first fiscal quarter of ended on June 30, 2015. The company registered Rs. 15.50 crore as net profit compared to Rs. 11.47 crore in the corresponding period last year.
Deepak Chiripal, CEO of the company informs, “We are investing towards creation of machine and manpower competence to build a brand that would be synonymous with the consistent quality and timeliness of delivery.
Furthermore, Nandan Denim has increased its production capacity from 6 MMPA to the intended capacity of 110 MMPA in the past decade. It is planning to expand further with an investment of around Rs. 612 crore post to which, Nandan Denim touts to become the largest denim manufacturer in the country and the fourth largest in the world and has a state-of-the-art manufacturing facility unit near Ahmedabad.
