| The Malwa group has varied interests in textiles ranging from cotton, yarn, denim, woollen garments and sewing thread |
| Apart from integrated operations in India, Malwa Industries Limited has recently acquired a denim garment manufacturing facility in Jordan and also a denim garment finishing facility in Italy.1 |
| Speaking to Business Standard, Rishi Oswal, chief executive officer and managing director, Malwa Industries Limited said his company was a vertically integrated textile company, producing denim fabric and denim garments for Indian and international markets. |
| "We are coming out with an IPO for 2 crore shares in the current fiscal and we intend to raise market capital worth Rs 200 crore from it. Out of that money, Rs 60 crore will be used for expansion purposes, Rs 50 crore to pay off the debt of our Jordan and Italy plants, Rs 50 crore for working capital and Rs 28.5 crore for setting up a 6 Mw power plant where power will be generated from rice husk. This power plant will feed the entire complex and will start its production this July. Some of that money will also be used for acquisition of properties, as well as promotion of our own brands." |
| The company's installed capacity is 20 million meters per annum for denim fabric and 8.5 million pieces of denim garments comprising 4.5 million pieces per annum in India and 4 million pieces per annum in Jordan. |
| It also has high-end finishing capacity for 2.5 million pieces per annum in Italy. "The company plans to double the denim production capacity from 20 to 40 million meters per annum," said Oswal. |
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