GTN TEXTILES

GTN Textiles Pvt. Ltd NORTH ALUVA, ERUMATHALA P O

PRESENTED BY
TONY ANTONY 1598 Birmingham Graduate School Kakkanad ,Infopark

COMPANY PROFILE
GTN Textiles are the Manufacture of Cotton Yarn Situated in North Aluva /(near) Erumathala post. Capacity of 12000 Spindles. In 1966, the company was taken over by the present promoters, the Patodia GTN Group It Constantly modernised its production facilities. GTN established in 1966, and is now the national leader in fine-count cotton yarn exports. It has won the Textile Export Promotion Council Award for the best export effort in fine-count cotton yarn since 1984. The Group has four export oriented Cotton Spinning Units. [GTN textile Pvt LtdPatspin India Ltd 1 & 2 - , GTN Enterprises Ltd]

BRANCHES
Spindle Capasity GTN textiles Ltd (Aluva) Patspin INDIA Ltd 1 (Kanjikod) Patspin India Ltd 2 (undal petta) Ring spinning 32500 2500 50000 Compact spinning 26500 23200 50000 1400 Total spinning 60000 4870 1 lakh 45100

GTN Enterprises Ltd 30700 (Udumalaippetai)

Head Office: Cochin

GTN Enterprises Garment Division :Tiruppur

Seaport:Tuticori n,chinni

Corporate Office :Mumbai0

Mr. Binod Kumar Pattodia

Mr. B K Patodia is the head of the well known G. T. N. Group. Of Companies. He is also the Director of Kerla State Industrial Development Corporation Ltd, Trivandrum Committee Member Of Cotton Textiles Export Promotion Counicl Indo American Chamber Of Commerce & Industry, Branch (Kerla) GTN Group has Joint Venture with ITOCHU Corporation, Japan GTN also has tie ups with other companies like AM Player, Yves Saint Laurent, Lerros and Louis Estere

HISTORY OF GTN TEXTILES

1966 - The company was taken over by the promoters, the Patodia Family of GTN Group. 1983 - The company Ltd. had established a unit at Chitkul Village, Medak District in Andhra Pradesh. 1993 - On 9th march 1993 company had allotted 18 lakh equity shares of Rs 10 each. 1994 - The company had promoted Patspin India Limited, joint venture alongwith an equity participation of ITOCHU Corporation, Japan and KSIDC, Trivandrum.[Kerala State Industrial Corporation Ltd (KSIDC), the nodal agency of Government of Kerala engaged in the promotion and development] 1995 - The company had acquired Cotton Spinning Unit in Nagpur, Maharashtra during 1994-95 by virtue of amalgamation of Perfect Spinners Limited with the company. 1997 - It further set up a yarn dyeing and other are situated in Andhra Pradesh.

2004 - The company was ranked 63rd in the BB 100 Gross Forex listing
- The company ranked 327th in Industry 2.0's second annual listing of top 500 manufacturing companies in India. - The company, had received a composite score of 12 out of a possible 15 in Industry 2.0's SCM Metrics study. 2005 - GTN Industries Limited was incorporated as a public limited company on 28th March, 2005 under the Companies Act, 1956. - It obtained the certificate for commencement of business on 6th April, 2005. - GTN Industries Limited had changed its name to GTN Textiles Limited and vice versa through the fresh certificate of incorporation 27th December 2005, issued by the Registrar of Companies, Kerala. http://www.moneycontrol.com/stocks/marketinfo/namechange/index.php] 2007 - On 26th July 2007, company had authorized the board to borrow money for and on behalf of the company in any manner from time to time and without prejudice. - Shri. B L Singhal and Shri. M L Patodia were re-appointed, as the directors of the company.

2008 - Shri. P K Kurian, the director on the board of the company was died on 2nd January, 2008.

BOARD OF DIRECTORS
NAME DESIGNATION

B K Patodia N K Bafna R Rajagopalan B L Singhal Prem Malik C D Thakker E K Balakrishnan

Chairman & Managing Director Director Director Director Director Director Company Secretary

THE WISDOM OF THE PAST HOLDS VISION FOR THE FUTURE

Our performance is our promise-Implicit, high ethical and moral values and unsewerving commitment to our customer defines the foundation of the GTN group.The exceedingly high standards we set for ourselves is driving force behind the quality and excellence of all our endeavours B K Patodia, Chairman & MD

ACHIVEMENTS
1985-86

TEXPROCIL Silver Award

1986-87

TEXPROCIL Silver Award

National Export Award for Outstanding performance by Govt.of India ministry of commerce
TEXPROCIL Silver Award
TEXPROCIL Gold Award

1987-88

1988-93

1993-96

TEXPROCIL BRONZE Award 1996-97

The Cotton Textiles Export Promotion Council (TEXPROCIL)

1997-98

TEXPROCIL GoldAward Birla Award for its research & Devolopment and modernization efforts. TEXPROCIL Gold Award TEXPROCIL Gold Award Cochin Special Economic Zone Excellence Award TEXPROCIL Gold Award

1998-2000

2000-01

2001-03

TEXPROCIL Bronze Award 2003-04 GTN Named Star Exporters & Export house for its excellence in Export TEXPROCIL BRONZE Award 2004-08

OTHER ACHIVEMENTS

ISO 9001 & ISO 14001 Quality Environment Management System(QEMS)

Machinaries are upgraded into semi ELITE Spinning

DEPARTMENTS
MANUFACTURING DEPARTMENT MAINTENANCE DEPARTMENT QUALITY ASURANCE DEPARTMENT RAW MATERIAL DEPARTMENT

PERSONNAL & INDUSTRIAL RELATIONS DEPARTMENT

FINANCE DEPARTMENT MARKETING DEPARTMENT EDP / IT

STRENGTHS Latest Technology Well accepted Brand Name Market Leader Improved Quality Standard Financially sound, profit making company Experienced and committed Personnel Good work force ISO certified (International Organization for Standardization) Large Reserves (capital) Foreign Collaboration Decades of experience In trading cotton and yarn Infrastructure Good working environment (Plant Location and friendly working atmosphere) Easy transportation facilities The Relationship between employees and employer Safety and security policies are strict Responsible use of fuels and materials Local support

WEAKNESSES

Raw Material Prices are increasing Occasionally they have faced Labour unrest in the past Lack of transportation facility for the employees Less interaction between marketing and other departments The operating expenses are on the higher side

OPPORTUNITIES

Now a days cotton product has increased with the demand in the local market itself India has the the Largest cotton cultivation so as the scope in textile market is also high Globalization has increased the opportunities for the export of textiles The availability of cheaper labour New technology can adopt to maximize quality production

THREATS

Growing competition from Foreign Brands Rising price of Raw materials Inflexible Government Policies such as Reduce production by 33.33 % (ie,1 /3 rd of the existing production) Climate change (Global warming ) resulting in a drastic decrease in the cotton cultivation Entering New Player from outside Change in technology need to upgrade the machine to stay alive in this competitive world Workers need more time and training , to be on the pace while upgrading the machines. Increase Electricity price Since 2010 Indian Govt. Oeder to rein exalating cotton yarn price & restricted Cotton Raw material Export. Decrease in money value

EFFICIANCY OF THE COMPANY

 GTN exports its product to over twenty five Countries across the world(Major customers are Italy, Japan, China, Austria, Spain and UK.) In marketing Main server of the company is at cochin Trade unions- INTUC, CITU ,AITUC the unrecognised union GTN workers (jobber Association) About 910 and above workers are ther in the company Company provide Employees welfare ,Employees credit society,marriage Assistance,insurance likked Gratuityscheme,13 paid holidays ,Service Awards,Educational Aids year ending Charity Drives, Health Initiatives =And many more...

Other Details

GTN TEXTILES