S. Kumars

S. Kumars Nationwide Limited
Textile conglomerate
Traded as BSE: 514304
NSE: SKUMARSYNF
Industry Manufacturing and Trading of textiles & apparels
Founded 1990 as S.Kumars Synfabs Ltd.
6 October 2000 - name changed to S. Kumars Nationwide Ltd. (SKNL)
Founder S.Kumars Group was founded & created by Late Seth Shri Shankarlalji Surajmalji Kasliwal & Late Sethani Smt. Chandrawatiji Shankarlalji Kasliwal (3rd Legal wife) in the year 1943.
Headquarters Mumbai, India
Key people
 Nitin Kasliwal (Chairman & MD)
Website sknl.co.in

S. Kumars Nationwide Limited or SKNL (BSE: 514304, NSE: SKUMARSYNF), manufactures and markets the famous Reid & Taylor brand amongst other well known brands in India. SKNL is one of India’s leading textile and apparel company with expertise in multi-fibre manufacturing. The company has extended its presence in multiple product categories from Fabrics to Apparels and Home Textiles.

History

The S. Kumars Group was founded by Shankarlal Surajmal Kasliwal and Chandrawati Shankarlal Kasliwal in 1943. It was named after Shankarlal. On 28 September 1990, S. Kumars was incorporated as a private limited company, and became a Public Company with effect from 28 February 1991.

The name was changed to S. Kumars Nationwide Limited (SKNL) in October 2000. SKNL is one of India’s leading textile and apparel companies with expertise in multi-fiber manufacturing. The company has extended its presence in multiple product categories from Fabrics to Apparels and Home Textiles.

Brands and subsidiaries

Textiles and apparel

SKNL has set up a texturising and twisting plant at Dewas in Madhya Pradesh. In 1997, SKNL acquired a spinning-cum-weaving unit near Dewas (Madhya Pradesh), from Standard Industries Limited.

In 1998, SKNL entered into a collaboration with Reid & Taylor of Scotland for manufacturing and marketing the Reid & Taylor worsted suiting in India. In 2006, SKNL launched "Carmichael House", a complete range of home linen products and accessories.[1]

In 2006, SKNL launched "Belmonte", a youth menswear brand that had both fabric and ready-to-wear garments under one label. It claims to be India's only youth brand to offer "Total Wardrobe Solutions" - Fabric, Apparel and accessories.

In 2007, the prestige clothing brand Stephens Brothers was licensed to SKNL in India. It was launched in December 2007, to introduce the English cut & style to Indian consumer. The brand is now owned by the UK Group Austin Reed.

In 2008 SKNL acquired assets of Legguino s.p.a. Italy, manufacturer and seller of high value fine cotton shirting supplying to the topmost fashion houses of Europe and U.S.A. This provides front-end back-end synergy for SKNL’s Baruche Superfine Cottons plant.

Subsequently SKNL entered into a joint venture and licensing agreement with Donna Karan International to manufacture / sell DKNY menswear.[2] The agreement was terminated in 2012.[3]

In 2009, SKNL has acquired assets of Hartmarx Corporation, a well-known suits manufacturing company in American and European markets.

Organization

SKNL businesses are divided into product-specific Strategic Business Units (SBUs): Consumer Textiles, Home Textiles, Worsted Suitings, Ready to Wear and High Value Fine Cotton (HVFC). Each of these SBUs is headed by an Executive Director, Chief Executive Officer or a Chief Operating Officer. The corporate activities related to finance, planning, research, publicity, marketing, human resources etc. are centralized.

Consumer Textiles
Home Textiles
Ready to Wear (TWS)
Baruche Superfine Cottons

Reid & Taylor (India) Limited

S. Kumars acquired rights for manufacturing and marketing the Reid & Taylor worsted suiting in India in 1998. Reid & Taylor was originally started by a Scottish man named Alexander Reid in the 1830s. The concern, financed by Joseph Taylor, went on to become a notable worsted suiting brand. S. Kumars set up a luxury suiting plant at Mysore in 1998 for Reid & Taylor (India) Ltd. The brand has been endorsed by India's notable film actor, Amitabh Bachchan. In 2008, 24.5% stake in Reid & Taylor was acquired by an affiliate of GIC Special Investments for Rs 900 crore.[4]

Luxury Textiles
Ready to Wear

References

  1. ↑ "SKNL launches new home textile brand "Carmichael House"". 2006-08-06. Retrieved 2009-06-27.
  2. ↑ "DKNY and SKNL Sign Men's Wear Deal". 2010-05-04. Retrieved 2014-11-17.
  3. ↑ "Sports Direct in running to win DKNY licence". 2012-10-13. Retrieved 2014-11-17.
  4. ↑ GIC To Buy Out 25.4% "Stake In Reid & Taylor" Check |url= value (help). Retrieved 2009-06-27.

External links

This article is issued from Wikipedia - version of the Friday, February 26, 2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.