Lakshmi mills, Coimbatore
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Lakshmi Mills was established in 1910 in Coimbatore, India. It is a major textile manufacturer known for producing cotton and synthetic yarns. The company has two manufacturing units in Coimbatore and Kovilpatti and is ISO 9001:2008 certified. Lakshmi Mills is over 100 years old and has a history of paying dividends to shareholders for the last 75 years without interruption.
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AYM Syntex, Yarn Manufacturer in India. Market Leader in speciality yarns, India
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Lakshmi mills, Coimbatore
- 2. Lakshmi Mills History • Lakshmi Mills was established in the year 1910. • It was founded by G.Kuppuswamy Naidu. • Biggest textile industry in coimbatore. • Headquator is located in Papanaickenpalayam, coimbatore.
- 3. Lakshmi Mills • Lakshmi Mills Company is a major textile yarn and cloth manufacturer in Coimbatore. • It has two composite textile units in Coimbatore: Avinashi Road Palladam and one in Kovilpatti. • It manufactures 100% combed cotton yarns in NE 50s to NE 120s. • Polyester cotton blended yarns in NE 40s to NE 100s.
- 4. Board of Directors • Sri S. Pathy (Chairman & Managing Director) • Sri.R.Santharam (Vice Chairman) • Sri V.Jagannathan • Sri D.Rajendran • Sri Satish Ajmera • Sri V.S.Velayutham • Sri.Sanjay Jayavarthanavelu • Sri Aditya Krishna Pathy ( Whole time Director)
- 5. Groups • Lakshmi Automatic Loom Works Limited • Educational Institutions • Mani Feeder School, Coimbatore • Mani Higher Secondary School, Coimbatore • The Lakshmi Mills Higher Secondary School, Kovilpatti • G Venkataswamy Naidu College, Kovilpatti • Sengadu Vocational Training Centre, Coimbatore
- 6. Acclaims & Awards • 1991- Best Suppliers Award • 1993 -Meritorious Improvement in Ginning Award • 1995- Indira Gandhi Priyadarshini Award • 2001- Dedicated Service in Cotton Trade
- 8. Quality • Both the Units are ISO 9001: 2008 Certified • Lakshmi Mills is known for Technology Adoption.
- 9. Centenerian at play • Rank as among the oldest textile companies in the organized sector. • merely rewarded its long suffering shareholders with a 9% dividend. • The company proudly adds that it has a track record of paying a dividend to its shareholders for the last 75 years without a break.
- 10. Exploiting its land bank • The market value of its combined stake in Lakshmi Machine Works, Lakshmi Automatic Loom Works, and Rajshree Sugars was valued at Rs 1.3 bn . • The shareholding by the company in its group companies, which also represent the group's voting strength. • Equity holding in its group companies is mere deadwood for all practical purposes.
- 11. Reap the whirlwind • The company manufactures and sells cotton and synthetic yarn. • Other sales related income is from the hocking of waste cloth. • Activities include exports of textiles. • “Dyche life” – Delhi (2007-2008) • Garnered revenues of Rs 1.3 bn during the year, against revenues of Rs 1 bn in the preceding year.
- 12. Social support • Sri G. Kuppusamy Naidu memorial Sports Trust is exclusively functioning to promote the Sports activities. • Sri G.Kuppusamy Naidu All India Hockey tournament which has been conducted for the past thirty eight years.
- 13. Stock • BSE LIVE Open:Rs.1560.25 (25th) • Today:Rs.1560.00 ;1560.25 • NSE Rs.1484 • 1947 – 24000 shares of Rs.50 each