NSE listed Mittal Lifestyle Ltd. having composite Denim Garment manufacturing unit at Bhiwandi_ is planning major Expansion, after which it will become the second-largest manufacturer of denim jeans in India. The company has set up two new manufacturing facilities with a production capacity of 25,000 units of denim jeans per month. The company has ultra-modern R&D facilities at its manufacturing unit located at Bhiwandi
The company has commenced manufacturing of garments with new brands, GERICHO LONDON and MCALLEN PARIS which will boost revenues and profitability.
According to Mr. Brijeshkumar Mittal, CMD., the company plans to touch turnover of 125 crores and profitability approximately 7 crores for the year ended March 2021.
With the boost to the Textile and Garment Industry by the Govt, textile and garment companies including Mittal Life Style Ltd would benefit to a large extent. According to a recent survey, Indian branded apparel industry is estimated to be $10 billion in size and growing at 10-12% per annum, having a very huge potential.
