Top 10 Textiles Companies in India 2024

Textile companies have played a significant role in human history, dating back thousands of years to ancient civilizations such as Egypt, Mesopotamia, and China. The textile industry has evolved from manual weaving and spinning techniques to highly mechanized processes driven by technological advancements. During the Industrial Revolution, textile manufacturing underwent a transformation with the introduction of power looms and spinning machines, leading to the establishment of large-scale textile mills. Throughout the 20th century, textile companies expanded globally, with countries like India, China, and the United States emerging as major textile producers.

Today, the textile industry is a crucial sector of the global economy, encompassing a wide range of activities from raw material production to finished product manufacturing. While traditional textile manufacturing hubs like India and China continue to dominate the market, there has been a shift towards automation, digitalization, and sustainability in response to changing consumer preferences and market dynamics. The current market scenario is characterized by intense competition, evolving consumer trends, and growing demand for eco-friendly and ethically produced textiles.

Textiles Companies in India: Historical Background, Current Market Scenario

India has a rich heritage in textiles, dating back thousands of years, with the country being known for its fine craftsmanship and diverse textile traditions. The Indian textile industry has been a key contributor to the nation's economy and cultural identity for centuries. Historically, India was renowned for its handloom textiles, including cotton, silk, and wool, which were highly sought after in international trade. With the advent of the Industrial Revolution, the textile industry in India underwent significant transformations, leading to the establishment of large-scale mills and the adoption of mechanized production methods.

Today, the Indian textile industry is one of the largest in the world, contributing significantly to the country's GDP and employing millions of people across the value chain. India is a major player in both domestic and international textile markets, known for its diverse product offerings, quality craftsmanship, and competitive pricing. The current market scenario is characterized by a mix of traditional handloom and modern textile manufacturing, with a focus on innovation, sustainability, and digitalization to meet the evolving demands of consumers and global markets.

Top Textiles Manufacturing Companies List by Market Capitalisation

The textiles industry in India is one of the oldest and most significant sectors, contributing significantly to the country's economy and employment. With a rich heritage of craftsmanship and innovation, India is renowned globally for its diverse range of textiles, from traditional handlooms to modern textiles. Here, we delve into the top 10 textiles companies in India, highlighting their contributions, innovations, and market presence.

Also Read: Top 10 FMCG Companies in India 2024

1. Grasim Industries Ltd

Market Cap: ₹ 163,530.71 Cr.
Sales (latest quarter): ₹ 37727.13 Cr.
Net Profit (latest quarter): ₹ 2721.81 Cr.
Quarterly profit growth: 14.57 %
Exchange: BSE, NSE
Official Website: grasim.com

Grasim Industries Limited, the flagship company of the Aditya Birla Group, is one of the top publicly listed companies in India. Incorporated in 1947, it started as a textile manufacturer in India. Today, it has evolved into a leading diversified player with leadership presence in many areas. It is a leading global producer of cellulosic fibres, miscellaneous chemicals, fashion yarns and fabrics in India. Implementing the next phase of the transformational growth journey, the company has entered the paint business under the brand name 'Birla Opus'. Of the six plants to be set up across India for manufacturing decorative paints, three plants have started operations in April 2024. Leveraging the group's synergy, Grasim has launched 'Birla Pivot', a B2B online marketplace for construction materials. Through its subsidiaries, UltraTech Cement, Aditya Birla Capital and Aditya Birla Renewables, it is also India's leading cement producer, leading diversified financial services player and clean energy solutions player. Grasim strives to create sustainable value for more than 45,000 employees, more than 2,52,000 shareholders, society and customers. The company reported consolidated net revenue of ₹1,30,978 crore and EBITDA of ₹20,837 crore in FY 2024.

Grasim ventured into the textile industry in 1949 by establishing Jaya Shree Textiles at Rishra in West Bengal. Today, Jaya Shree Textiles is one of India's leading linen and wool manufacturers. It has four strategic business units (SBU), i.e. Linen Spinning, Linen Fabric, Wool Combing and Worsted Spinning. All four SBUs are driven by the common goal of making the workplace a source of creativity, innovation, and self-fulfillment for all employees. It is the only integrated linen factory in the country with state-of-the-art facilities equipped with the latest spinning, weaving and finishing systems from Switzerland and Italy. Today, Jaya Shree Textiles sells its products in over 50 countries spread across six continents. Jayashree Textiles has given an international edge to the emerging Indian fashion industry. The finest flax for making 100% pure linen is sourced from France, Belgium and other parts of Europe. State-of-the-art European technology is used to spin, weave and dye the fiber which makes it unique and difficult to replicate. This superior technology enables Jaya Shree Textiles to create more than 3000 different types of weaves, textures and blends. The company has revolutionized the Indian textile market by popularizing linen to a wider customer base in India with its brand 'Linen Club'. Linen Club is the largest linen fabric brand in India with over 70 years of expertise in linen manufacturing and design. Linen Club is a pioneer of linen in India and is now retailed through both specialty retail outlets and multi-brand shops. It is the world's largest linen retail chain.

2. Trident Ltd

Market Cap: ₹ 18,891.04 Cr.
Sales (latest quarter): ₹ 1682.26 Cr.
Net Profit (latest quarter): ₹ 59.01 Cr.
Quarterly profit growth: -56.37 %
Exchange: BSE, NSE
Official Website: tridentindia.com

Trident Ltd, founded in 1990 by Mr. Rajinder Gupta in Ludhiana, Punjab, started as a single plant for producing yarn and has grown into a globally recognized entity. Over the years, it expanded its operations from yarn manufacturing to include a diverse portfolio, including home textiles, paper, chemicals, and energy. The company went public in 1992, which facilitated further growth and diversification.

Trident Ltd is now a leading player in the textile and paper industries. It is one of the largest manufacturers of terry towels in the world and holds a significant market share in bed linen and wheat straw-based paper production. With operations in over 100 countries, Trident has established a robust global presence. The company has been performing well in recent years, with increasing revenues and expanding market reach, supported by its strong focus on sustainability and innovation.

Product and Service Range:

Trident’s product range is diverse, catering to various sectors:

Textiles: This includes bath and bed linen, yarn, and various textile products known for their quality and innovative designs.
Paper: Trident is known for its eco-friendly paper products, including writing and printing paper, made using sustainable practices.
Chemicals: The company produces chemicals like sulfuric acid, which are essential for various industrial applications.
Energy: Trident is also involved in the production of clean and renewable energy, contributing to its sustainability goals.

Technological Innovations:

Trident Ltd has always prioritized technological advancements to stay ahead in the competitive market. Some of its notable innovations include:

Advanced Manufacturing: The company employs state-of-the-art machinery and automation in its textile and paper manufacturing processes, ensuring high efficiency and quality.
Sustainability Initiatives: Trident has invested in eco-friendly technologies, such as zero liquid discharge systems and renewable energy projects, to minimize its environmental footprint.
Digital Transformation: Embracing Industry 4.0, Trident has integrated digital solutions in its operations, including data analytics, IoT, and AI, to optimize production, supply chain management, and customer service.
Product Innovation: The company continually develops new products, such as anti-bacterial fabrics and high-absorbency towels, to meet changing consumer demands and maintain its competitive edge.

3. Raymond Ltd

Market Cap: ₹ 17,017.26 Cr.
Sales (latest quarter): ₹ 2608.5 Cr.
Net Profit (latest quarter): ₹ 229.79 Cr.
Quarterly profit growth: -16.17 %
Exchange: BSE, NSE
Official Website: raymond.in

Raymond Ltd, established in 1925, is one of India's oldest and most well-known textile and apparel companies. Founded by the Wadia family, the company started as a small woolen mill in Thane, Maharashtra. Over the decades, Raymond has evolved into a diversified conglomerate with a significant presence in the fabric, apparel, and fashion retail sectors. The company played a pioneering role in introducing fine fabrics and pioneering high-quality worsted suiting in India, becoming synonymous with premium menswear.

Raymond Ltd remains a dominant force in the Indian textile and apparel industry. It is renowned for its suiting fabrics and has a strong retail presence through its "The Raymond Shop" chain, which spans over 200 cities across India and several international locations. The company has maintained its market leadership through consistent brand reinforcement, quality products, and expanding its product portfolio to include contemporary and fashionable clothing for various demographics. Despite economic fluctuations, Raymond has demonstrated resilience with strategic initiatives aimed at innovation and market expansion.

Product and Service Range:

Raymond's extensive product and service range includes:

Textiles: High-quality worsted fabrics, shirting fabrics, and denim. The company is a leading producer of suiting fabrics, offering a wide variety of materials and designs.
Apparel: Under brands like Raymond Ready to Wear, Park Avenue, ColorPlus, and Parx, the company offers a diverse range of clothing, from formal wear to casual and semi-formal attire.
Made-to-Measure Services: Tailoring services that provide custom-fitted clothing, enhancing customer satisfaction with personalized fit and style.
Home Textiles: Expanding into bed and bath linens, further diversifying its product range.
Engineering and Tools: Raymond also operates in the engineering sector, manufacturing precision tools and auto components.

Technological Innovations:

Raymond Ltd has consistently embraced technological advancements to maintain its competitive edge:

Advanced Textile Technology: Implementation of state-of-the-art machinery and processes in textile production to ensure superior quality and efficiency.
Sustainable Practices: The company has adopted eco-friendly manufacturing processes, including water conservation, waste management, and the use of renewable energy sources to minimize its environmental impact.
Digital Transformation: Investing in digital platforms and e-commerce to enhance customer reach and streamline operations. The company utilizes data analytics and CRM systems to better understand and cater to consumer preferences.
Product Development: Continuous innovation in fabric technology, such as wrinkle-resistant, water-repellent, and anti-microbial fabrics, to meet evolving consumer needs.
Smart Manufacturing: Incorporation of Industry 4.0 practices, including automation, IoT, and AI, to improve production efficiency and product quality.

4. Welspun Living Ltd

Market Cap: ₹ 13,605.29 Cr.
Sales (latest quarter): ₹ 2575.24 Cr.
Net Profit (latest quarter): ₹ 130.55 Cr.
Quarterly profit growth: 4.12 %
Exchange: BSE, NSE
Official Website: welspunindia.com

Welspun Living Ltd is a part of the Welspun Group, one of India’s largest conglomerates. The company was established in 1985 and has since become a leading player in the home textiles industry. Headquartered in Mumbai, Welspun Living has grown from a modest start to becoming a globally recognized name, thanks to its emphasis on quality, innovation, and customer satisfaction. The company has expanded its operations and market presence through strategic acquisitions and continuous investments in technology and capacity.

Welspun Living Ltd is a dominant player in the home textiles sector, with a significant global footprint. The company supplies its products to major retailers and brands around the world, including the United States, Europe, and Asia. Welspun Living is known for its high-quality products and innovative designs, which have helped it maintain a strong market position. The company's focus on sustainability and ethical practices has also resonated well with consumers, further enhancing its brand reputation. Despite market challenges, Welspun Living has managed to sustain growth through diversification and adapting to changing consumer preferences.

Product and Service Range:

Welspun Living Ltd offers a wide array of home textile products, including:

Bed Linen: Sheets, pillowcases, duvet covers, and bedspreads known for their quality and comfort.
Bath Linen: Towels, bathrobes, and bath mats, featuring innovative materials and designs.
Rugs and Carpets: A variety of styles and sizes to cater to diverse aesthetic preferences.
Decorative Bedding: Quilts, comforters, and decorative pillows that add style and comfort to homes.
Home Décor: A range of products that include cushions, throws, and other home accessories.
Wellness and Hygiene Products: Expanding its portfolio to include products like anti-bacterial and hypoallergenic textiles.

5. Vardhman Textiles Ltd

Market Cap: ₹ 13,540.62 Cr.
Sales (latest quarter): ₹ 2459.41 Cr.
Net Profit (latest quarter): ₹ 202.13 Cr.
Quarterly profit growth: 26.36 %
Exchange: BSE, NSE
Official Website: vardhman.com

Vardhman Textiles Ltd was established in 1965 by Lala Rattan Chand Oswal, beginning its journey as a small yarn manufacturer in Ludhiana, Punjab. Over the decades, it has grown into one of India’s largest integrated textile manufacturing companies. Vardhman expanded its operations through strategic investments in capacity building and technology, evolving from yarn manufacturing to producing a wide range of textile products, including fabrics, garments, and sewing threads.

Vardhman Textiles Ltd is a leading player in the Indian textile industry and has a significant presence in the global market. The company is recognized for its high-quality yarns and fabrics, catering to both domestic and international markets. Vardhman has built strong relationships with major global brands and retailers, supplying them with diverse textile products. The company's robust financial performance and strategic expansions have enabled it to maintain a strong market position despite the competitive landscape and economic fluctuations.

Product and Service Range:

Vardhman Textiles Ltd offers a comprehensive range of products:

Yarns: The company produces a variety of yarns, including cotton, synthetic, and blended yarns, which are used in various textile applications.
Fabrics: Vardhman manufactures a wide range of fabrics, including woven and knitted fabrics, suitable for apparel, home textiles, and industrial applications.
Garments: The company has ventured into garment manufacturing, producing high-quality apparel for various markets.
Sewing Threads: Vardhman also produces sewing threads, catering to the needs of the apparel and textile industries.
Fiber: The company is involved in producing different types of fiber, contributing to the initial stages of the textile manufacturing process.

6. Alok Industries Ltd

Market Cap: ₹ 13,207.54 Cr.
Sales (latest quarter): ₹ 1469.31 Cr.
Net Profit (latest quarter): ₹ -215.93 Cr.
Quarterly profit growth: 27.43 %
Exchange: BSE, NSE
Official Website: alokind.com

Alok Industries Ltd was established in 1986 by Mr. Surendra Jiwrajka and his family. Initially focused on the domestic market, Alok quickly grew to become one of India's leading integrated textile companies. The company's expansion was driven by continuous investment in technology, capacity building, and diversification into new product lines. Over the years, Alok Industries has developed a comprehensive value chain, from spinning and weaving to processing, knitting, and garment production.

Alok Industries Ltd is a significant player in the global textile market. The company faced financial difficulties and entered bankruptcy proceedings in 2017. However, it has since been revived under the management of Reliance Industries and JM Financial. This restructuring has helped stabilize the company and position it for future growth. Today, Alok Industries has a strong presence in both domestic and international markets, supplying textiles to major global brands and retailers. The company's comprehensive product range and extensive manufacturing capabilities enable it to meet diverse market demands.

Product and Service Range:

Alok Industries Ltd offers a wide array of products and services, including:

Yarns: Alok produces a variety of yarns, including cotton, blended, and polyester yarns, catering to different textile applications.
Fabrics: The company manufactures a broad range of woven and knitted fabrics, suitable for apparel, home textiles, and industrial uses.
Home Textiles: Alok is known for its extensive home textile offerings, including bed linen, terry towels, blankets, and decorative home products.
Garments: The company produces ready-made garments for both domestic and international markets, including casual wear, formal wear, and activewear.
Polyester: Alok manufactures polyester chips, partially oriented yarn (POY), and textured yarn, contributing to its vertical integration and broad product base.

7. Arvind Ltd

Market Cap: ₹ 9,582.19 Cr.
Sales (latest quarter): ₹ 2074.51 Cr.
Net Profit (latest quarter): ₹ 104.42 Cr.
Quarterly profit growth: 16.43 %
Exchange: BSE, NSE
Official Website: arvind.com

Arvind Ltd was founded in 1931 by the Lalbhai family in Ahmedabad, Gujarat, initially as a manufacturer of superfine fabrics. Over the years, the company has grown into one of India's largest textile conglomerates, known for its pioneering efforts in introducing denim to India in the 1980s. Arvind Ltd has continually evolved, diversifying its operations to include a wide range of textiles and apparel, and expanding its presence in international markets.

Arvind Ltd is a leading player in the global textile and apparel industry. It is renowned for its high-quality fabrics and innovative products. The company has a significant market share in both the domestic and international markets, supplying to top global brands and retailers. Arvind has maintained a strong financial performance, driven by its diversified product portfolio and strategic expansions. The company is also recognized for its commitment to sustainability and ethical manufacturing practices, which resonate well with today's consumers.

Product and Service Range:

Arvind Ltd offers a comprehensive range of products and services, including:

Denim: Arvind is one of the largest producers of denim in the world, known for its high-quality and innovative denim fabrics.
Woven Fabrics: The company manufactures a wide variety of woven fabrics, including shirting, khakis, and suitings, catering to both domestic and international markets.
Knits: Arvind produces a range of knitted fabrics used in casual and sportswear.
Garments: The company manufactures a variety of garments, including jeans, shirts, suits, and activewear, supplying many leading global brands.
Advanced Materials: Arvind has diversified into advanced materials, producing technical textiles used in various industrial applications.
Retail: The company operates retail stores under various brands, including Flying Machine, Arrow, and US Polo Assn., providing a direct connection with consumers.
Sustainable Textiles: Arvind focuses on sustainable textile solutions, including organic cotton, recycled fabrics, and eco-friendly dyeing processes.

8. Garware Technical Fibres Ltd

Market Cap: ₹ 8,550.87 Cr.
Sales (latest quarter): ₹ 382.27 Cr.
Net Profit (latest quarter): ₹ 69.56 Cr.
Quarterly profit growth: 16.57 %
Exchange: BSE, NSE
Official Website: garwareropes.com

Garware Technical Fibres Ltd, formerly known as Garware-Wall Ropes Ltd, was established in 1976 by Dr. Bhalchandra Digamber Garware. The company started as a manufacturer of synthetic cords and ropes and has since evolved into a global leader in technical textiles and high-performance fibers. Over the decades, Garware Technical Fibres has diversified its product portfolio and expanded its presence to cater to various industrial sectors, emphasizing innovation and quality.

Garware Technical Fibres Ltd is a prominent player in the technical textiles industry, serving a broad range of sectors including aquaculture, agriculture, sports, shipping, and defense. The company has a strong market presence both in India and internationally, exporting to over 75 countries. Garware Technical Fibres is known for its high-quality products, technical expertise, and innovative solutions tailored to meet specific industry needs. The company has shown robust financial performance, driven by its diverse product offerings and strategic expansions.

Product and Service Range:

Garware Technical Fibres Ltd offers a wide range of products and services, including:

Aquaculture: Innovative solutions such as cage nets, predator nets, and aquaculture accessories designed to enhance fish farming efficiency and safety.
Agriculture: Products including shade nets, anti-hail nets, and crop support systems that help improve agricultural productivity and protect crops from environmental damage.
Sports: High-performance sports nets used in various sports like cricket, football, and tennis, designed for durability and safety.
Shipping and Marine: Durable synthetic ropes, nets, and mooring solutions for maritime and offshore applications, known for their strength and reliability.
Geosynthetics: Solutions for civil engineering applications, including erosion control, soil stabilization, and drainage systems.
Defense and Aerospace: Specialized fibers and materials used in defense and aerospace applications, offering high strength and resistance to extreme conditions.
Industrial Products: A range of industrial textiles used in manufacturing, construction, and other industrial applications.

9. Indo Count Industries Ltd

Market Cap: ₹ 7,104.19 Cr.
Sales (latest quarter): ₹ 1093.26 Cr.
Net Profit (latest quarter): ₹ 91.94 Cr.
Quarterly profit growth: -2.93 %
Exchange: BSE, NSE
Official Website: indocount.com

Indo Count Industries Ltd, founded in 1988 by Mr. Anil Kumar Jain and Mr. Anil Kumar Windlass, is a prominent player in the home textile industry. Starting with a single manufacturing unit in Kolhapur, Maharashtra, the company has experienced significant growth and expansion over the years. Indo Count's commitment to innovation, quality, and customer satisfaction has propelled it to become one of the leading textile exporters in India.

Indo Count Industries Ltd is a key player in the global home textile market, with a strong presence in over 50 countries. The company is known for its high-quality bed linen, bath linen, and other home textile products. Indo Count's market reputation is built on its ability to deliver innovative designs, superior quality, and timely delivery to its customers. Despite market challenges, the company has maintained a robust financial performance, driven by its focus on product innovation, operational efficiency, and strategic partnerships.

Product and Service Range:

Indo Count Industries Ltd offers a comprehensive range of products and services, including:

Bed Linen: The company produces a wide variety of bed linen products, including bed sheets, pillowcases, duvet covers, and bedspreads, known for their softness, durability, and innovative designs.
Bath Linen: Indo Count manufactures bath towels, hand towels, washcloths, and bathrobes, using high-quality materials and advanced weaving techniques.
Decorative Pillows: The company offers a range of decorative pillows and cushion covers, featuring unique designs and patterns to complement various home decor styles.
Hospitality Textiles: Indo Count provides customized solutions for the hospitality industry, including bedding and linens tailored to meet the specific requirements of hotels, resorts, and other establishments.
Retail Brands: The company markets its products under various retail brands, including Boutique Living, Boutique Living Elite, and Boutique Living Signature, catering to different market segments and consumer preferences.

10. Jindal Worldwide Ltd

Market Cap: ₹ 6,764.55 Cr.
Sales (latest quarter): ₹ 573.79 Cr.
Net Profit (latest quarter): ₹ 28.17 Cr.
Quarterly profit growth: 6.18 %
Exchange: BSE, NSE
Official Website: jindaltextiles.com

Jindal Worldwide Ltd, part of the OP Jindal Group, traces its origins back to 1986 when it was established as a textile manufacturing company in Mumbai, India. Led by the visionary leadership of the Jindal family, the company embarked on a journey of growth and expansion. Over the years, Jindal Worldwide has evolved into a vertically integrated textile conglomerate, with operations spanning from yarn production to fabric weaving, processing, and garment manufacturing. The company's commitment to excellence, innovation, and sustainability has been instrumental in its success.

Jindal Worldwide Ltd is a prominent player in the global textile industry, with a strong presence across various segments including home textiles, apparel fabrics, and technical textiles. The company caters to a diverse clientele, serving leading brands and retailers worldwide. Despite market fluctuations and challenges, Jindal Worldwide has maintained a resilient performance, leveraging its vertical integration, operational efficiency, and market intelligence to adapt to changing market dynamics and customer preferences.

Product and Service Range:

Jindal Worldwide Ltd offers a comprehensive range of products and services, including:

Home Textiles: The company produces a wide array of home textile products such as bed linen, curtains, upholstery fabrics, and decorative cushions, known for their quality, durability, and innovative designs.
Apparel Fabrics: Jindal Worldwide manufactures a diverse range of fabrics for apparel applications, including shirting, suiting, denim, and knitwear fabrics, catering to various fashion segments and consumer preferences.
Technical Textiles: The company provides technical textile solutions for industrial applications, including geotextiles, agrotextiles, and protective textiles, offering specialized functionalities and performance characteristics.
Garments: Jindal Worldwide is involved in the manufacturing of garments, producing a range of apparel products for men, women, and children, under its own brands as well as private labels for clients.
Yarns: The company is engaged in yarn spinning, producing a variety of yarns including cotton, polyester, viscose, and blends, to meet the diverse needs of its downstream operations and customers.

Also Read: Top 10 Consumer Durables Companies In India

Conclusion

The textiles industry in India continues to thrive, driven by innovation, quality, and a rich cultural heritage. The top 10 textiles companies listed above represent the diversity and excellence of the Indian textiles sector, contributing significantly to the country's economic growth and global reputation. As these companies continue to innovate and adapt to changing market dynamics, they will play a pivotal role in shaping the future of the textiles industry in India and beyond.