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MSMEs face existential crisis
Crisil report says that the pain will radiate as India Inc heads towards approximately 15 per cent decline in revenue and approximately 25 per cent fall in earnings before interest, taxes, depreciation and amortisation (Ebitda).
Raymond spins out FMCG Group
The textile giant Raymond has spun out a fast moving consumer goods (FMCG) group to extend the famous apparel brand to over a dozen personal and home care products. The 90-year-old company already has JK Helene Curtis, which sells Park Avenue deodorants, and JK Ansell, the maker of Kama Sutra condoms, with a combined annual revenue of Rs 800 crore. The new division will house Raymond products, along with new brands spread across skin and hair care segments.
Mafatlal vision to forge ahead in textiles
The story of the Mafatlal Group is a stirring saga of a blend of traditional values and modern technology triumphing over circumstances. Mafatlal Gagalbhai, the founder, took over the management of a small mill in Ahmedabad, and named it Shorrock Mill.
Symphony has well-established clientele in textile space
Established in 1988, Symphony leverages a unique and successful asset-light business model for its residential coolers in India and in-house lean manufacturing for its industrial coolers in Mexico to achieve sustainable and profitable growth.
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