List Of Top 10 Textile Companies In India 2023

Top 10 Textile Companies in India: Textile business in India has been a profitable business for over the centuries. Whenever you think about doing a business, you must check your competitors first. And in fact, research is a must one. India has been abundantly making profits from its textile companies. Some are new, and some are old.

This business is mushrooming everywhere in India. India is famous for its textile business. A historical connection with textile is there with the country. There are many right now, but I’ll be discussing only the top 10 textile companies in India.

Table of Contents

Arvind Mills

Founded in the year 1931, Arvind Mills is considered one of India’s first textile companies. Interesting to know that they started their journey with only $55000, but now the turnover is $935 million. The company has a wide range of products like knits, fabrics, cotton shirting, apparel, and many more. Its headquarter is situated in Ahmedabad, Gujarat. Being an old player in the game, the company has still held its legacy.

Founded in – 1931
Employees – 25000+
Market Cap – 1,315 Cr.
Turnover – 935 Million dollar
Revenue – 7,299 Cr.
Headquarter – Ahmedabad, Gujarat

Vardhman Textiles Ltd

Vardhman textile is one of the leading textile companies in India. It was established in 1965. Started in Ludhiana, Punjab, now the company has spread across 75 other countries with a 1 billion dollar turnover. The company manufactures yarn, fabric, garments, alloy steel, and sewing thread.

Also Read: Top 10 Chemical Companies in India

Being a public sector company, the group has 25 manufacturing facilities that spread across India’s 5 states. Vardhman has evolved with modern-day textile, which has made the company’s growth and rich industry experience. They produce 100,000 tonnes of special and alloy steel per annum.

Founded in – 1965
Employees – 25000+
Market Cap- 5,160 Cr.
Turnover – 1 Billion dollar
Revenue – 6,706 Cr.
Headquarter – Ludhiana, Punjab, India

Raymond Ltd

Raymond Ltd, a subsidiary of Raymond Group, is another old company that is considered one of the pioneering manufacturing companies in the textile business. The company was established in 1925. It has evolved with the changing fashion, which is why Raymond has kept its place at the top. The company manufactures garments, designer wear, fabrics, denim, etc.

Founded in – 1925
Employees – 10000+
Market Cap- 3,443 Cr.
Turnover – 250 Million dollar
Revenue – 6,767 Cr.
Headquarter – Mumbai, India

Trident Ltd

Being a comparatively new player in the game, Trident has evolved into one of the leading textile companies in India. The company started its journey in the year 1990. They manufacture a wide range of yarn, bed, paper, chemicals, linen, etc. Its headquarter is situated in Ludhiana, Punjab. Trident is considered as one of the largest exporters of home textiles products.

Founded in – 1990
Employees – 13500+
Market Cap- 2,979 Cr.
Turnover – Unknown
Revenue – 5,394 Cr.
Headquarter – Ludhiana, Punjab, India

Also Read: Top 10 Paint Companies in India

Bombay Dyeing and Manufacturing Company Ltd

I can definitely say that the oldest name in the textile industry in India is Bombay Dyeing. With 250 years in the field, they have maintained their tradition in the market. Started in the British era, 1879, the company has now 350 stores across India. Their revolutionary design makes them an important player in the textile industry.

Founded in – 1879
Employees – 10000+
Market Cap – Unknown
Turnover – 310 Million dollar
Revenue – Unknown
Headquarter – Mumbai, India

FabIndia Pvt Ltd

FabIndia started its journey in 1960 by John Bissell. With a 68 million dollar turnover, the company has made a huge impact on the textile industry. Its headquarter is situated in New Delhi. Famous for selling ethnic products, they promote rural employment by giving work to villagers in India. One of the successful retail businesses was created by Fabindia. They are in the business segments of textiles, garment accessories, and home furnishings.

Founded in – 1960
Employees – 40000+
Market Cap – Unknown
Turnover – 68 Million dollar
Revenue – 65 Million dollar as of 2008
Headquarter – New Delhi, India

Grasim Industries Ltd

With 6500+ employees, Grasim is one of the most recognized companies in India. The company started its journey in the year 1947. Grasim also manufactures cement, yarn, and many more. Being a subsidiary company of Aditya Birla Group, Grasim is the world’s second-largest producer of viscose rayon fibre. They produce viscose staple fibre and viscose filament yarn. It was ranked 24th by Fortune India 500 in 2020.

Founded in – 1947
Employees – 6500+
Market Cap – 66, 084 Cr.
Turnover – 20,550 Cr.
Revenue – 78, 591 Cr.
Headquarter – Mumbai, India

Also Read: Top 10 Steel Manufacturing Companies in India

JCT Ltd

JCT is the first company that introduced eco-friendly fabrics. The company was established in 1946 by the Thapar Group. They operate in two segments – textiles and filament yarn. Another knowledgeable fact is that the company was the first to get the ISO 9001 certification. With 4500+ employees, the company is headquartered in Hoshiarpur in Punjab.

Founded in – 1946
Employees – 4500+
Market Cap – 75 Cr.
Turnover – 70 Million dollar
Revenue – 592 Cr.
Headquarter – Hoshiarpur, Punjab, India

The Lakshmi Mills Company Ltd

With the focus on quality and customer satisfaction, Lakshmi Mills has earned a reputation in developing the textile industry in India. The inception of the company was in 1910 by the respected person G. Kuppuswamy Naidu. Being the flagship company of Lakshmi Machine Works, the company produces textile yarn, textile garments, weaving, and spinning. It is considered as one of the top 10 textile companies in India.

Founded in – 1910
Employees – 1000+
Market Cap – 125 Cr.
Turnover – 27 Million dollar
Revenue – 152 Cr.
Headquarter – Coimbatore, Tami Nadu, India

Reliance Textile

We are all aware of the name. Reliance has made a significant contribution in every industry along with textile also. The group spreads across a diverse range of fields. Founded by Dhirubhai Ambani in 1975, Vimal has brought an essential change in the textile industry. Recognized by the World Bank, they focus on quality production and modern technology. The textile company is a major player in making automotive furnishing business which consists of jacquard weaving, knitting, and finishing line.