Creative Group upbeat on future prospects
The Mumbai-based Creative Group, which is a leading textile manufacturer with an annual turnover of Rs 1,000 crore, has been growing at the rate of 30 per cent in the last five years.
The Mumbai-based Creative Group, which is a leading textile manufacturer with an annual turnover of Rs 1,000 crore, has been growing at the rate of 30 per cent in the last five years. The group has 14 plants across India with over 8,000 skilled employees. Its brand Portico New York, opened in 2000, is into home furnishings. Leaving behind other players in the race, Portico New York has marked its presence at about 1,000 retail stores. The price band ranges from Rs 999 to Rs 15,000 per sheet set.
Creative’s textile division has an exclusive facility for yarn dyeing, stitching and made-up processing. The group has a yarn processing capacity of 350 metric tons a month, weaving capacity of one lakh meters a day, polyester carpet yarn capacity of 300 metric tons a month.
Creative’s textile division has an exclusive facility to weave wider width and processing sheeting, dobby and jacquard fabrics meant for international markets. About 15,000 bed sets get exported a day. With capacity expansion in weaving and modernisation to close the gap that exists between their weaving and processing capacity and to meet demand with the expansion in garmenting process on cards, both at their Vapi and Dammu plants. The group aims to reach a turnover of Rs 2,000 crore by 2022.
