The Mafatlal Group has decided to merge its subsidiaries Mafatlal Denim (MDL) and Mishapar Investments into Mafatlal Industries for better operational efficiencies and faster expansion. According to the scheme of amalgamation sanctioned by the Bombay High Court and the Gujarat High Court, the country’s largest school uniform fabric supplier Mafatlal Industries (MIL) will merge its two entities which will help the company expand its capacity to produce denim and other fabrics at the company’s Navsari and Nadiad plants in Gujarat.
Rajiv Dayal, company’s newly-appointed MD and Chief Executive commented, “This move will help us offer our entire textile portfolio to our clients. Globally, there are very few companies who can supply denim as well as textile, and we would be one of them after this merger.” Earlier, Dayal was heading the company’s denim business.
