S. Kumars Nationwide Limited or SKNL (, ) is a textile and apparel company with expertise in multi-fibre manufacturing presently under liquidation. The company has extended its presence in multiple product categories from fabrics to apparels and home textiles.
History
S. Kumars Group was founded by Late Seth Shri Shankarlalji Surajmalji Kasliwal & Late Sethani Smt. Chandrawatiji Shankarlalji Kasliwal in the year 1943. The brand & logo S.KUMARS originally stands for 'S' for Shankarlal and 'Kumars' for his 6 sons viz. AlokKumar, VivekKumar, AshokKumar, SumatiKumar, ShambhuKumar & AbhayaKumar.
The Group started with textile trading, distribution and subsequently commencing textile manufacturing activities in 1943.
Surajmal & Sons Pvt Ltd (the Parent Co.of S.Kumars Group) was founded & floated by Late Seth Shri Shankarlalji Surajmalji Kasliwal & Late Chandrawatiji Shankarlalji Kasliwal in 1943 which exist till date. S.Kumars Enterprises (Synfabs) Pvt Ltd belonging to S.Kumars Group was incorporated by Late Seth Shri Shankarlalji Surajmalji Kasliwal in 1968, which exist till date.
Later the S.Kumars Group floated a deemed public company on 28 February 1991 and a public company on 7 July 1992.
The name of the Public Company was S.KUMARS SYNFABS LTD and later the name was changed to S.Kumars Nationwide Limited (SKNL) in October 2000.
Brands and subsidiaries
Textiles and apparel
SKNL has set up a texturising and twisting plant at
Dewas
Dewas is a city in the Malwa region of the Indian state of Madhya Pradesh. The municipality was formerly the seat of two 15-Gun Salute state princely states during the British Raj, Dewas Junior state and Dewas Senior state, ruled by the Pua ...
in
Madhya Pradesh
Madhya Pradesh (, ; meaning 'central province') is a state in central India. Its capital is Bhopal, and the largest city is Indore, with Jabalpur, Ujjain, Gwalior, Sagar, and Rewa being the other major cities. Madhya Pradesh is the seco ...
. 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
Scotland (, ) is a country that is part of the United Kingdom. Covering the northern third of the island of Great Britain, mainland Scotland has a border with England to the southeast and is otherwise surrounded by the Atlantic Ocean to the ...
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.
In 2006, SKNL launched "
Belmonte", a youth menswear brand that had both fabric and ready-to-wear garments under one label.
In 2007, the 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
DKNY is a New York City–based fashion house for men and women, founded in 1984 by Donna Karan.
History
Karan worked for 15 years at Anne Klein, including 10 as its head designer. In 1984 Karan and her late husband Stephan Weiss were offered t ...
menswear. The agreement was terminated in 2012.
In 2009, SKNL has acquired assets of
Hartmarx Corporation
Hart Schaffner Marx is an American manufacturer of tailored menswear owned by New York-based Authentic Brands Group. Founded in 1887 and incorporated in 1911 as "Hart Schaffner & Marx", the company is located in Des Plaines, Illinois.
History
T ...
, 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
*Belmonte (Fabrics)
*Uniformity by Belmonte (Uniform fabric)
*S.Kumars (Work wear fabric)
; Home Textiles
*Carmichael House (Premium)
*Benetton ( Super Premium)
; Ready to Wear (TWS)
*Belmonte (Mid-Premium)
; 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
Mysore (), officially Mysuru (), is a city in the southern part of the state of Karnataka, India. Mysore city is geographically located between 12° 18′ 26″ north latitude and 76° 38′ 59″ east longitude. It is located at an altitude of ...
in 1998 for Reid & Taylor (India) Ltd. The brand has been endorsed by India's notable film actor,
Amitabh Bachchan
Amitabh Bachchan (; born as Amitabh Shrivastav; 11 October 1942) is an Indian actor, film producer, television host, occasional playback singer and former politician known for his work in Hindi cinema. He is regarded as one of the most succe ...
. In 2008, 24.5% stake in Reid & Taylor was acquired by an affiliate of GIC Special Investments for ₹900 crores.
; Luxury Textiles
*Reid & Taylor (Luxury Suitings)
; Ready to Wear
*Reid & Taylor ( Premium)
References
External links
*
Overview at Google Finance
{{DEFAULTSORT:Kumars, S.
Companies based in Mumbai
Manufacturing companies established in 1948
Clothing brands of India
Textile industry in Maharashtra
Indian companies established in 1948
Companies listed on the National Stock Exchange of India
Companies listed on the Bombay Stock Exchange