Siyaram Silk Mills Limited, also known as Siyaram's and as SSML, is an Indian blended fabric and garment-manufacturer, with an associated chain of

retail outlet Retail is the sale of goods and services to consumers, in contrast to wholesaling, which is sale to business or institutional customers. A retailer purchases goods in large quantities from manufacturers, directly or through a wholesaler, and th ...

s and branded showrooms and an online store—'
Siyaram's Online Shop
''. Siyaram's was incorporated in 1978, and is headquartered in the Kamala Mills compound, Lower Parel, Mumbai.

Structure

Siyaram Silk Mills Ltd (SSM) is part of the Siyaram Poddar Group, which also comprises Balkrishna Industries Ltd and Govind Rubber Ltd, all listed companies at Bombay Stock Exchange. SSM is a

small cap Market capitalization, sometimes referred to as market cap, is the total value of a publicly traded company's shares outstanding, outstanding common shares owned by stockholders. Market capitalization is equal to the share price, market price p ...

company with a market cap of ₹936.75 crores. Siyaram's manufactures and sells fabrics, ready-made men’s and women's apparel, home furnishing, and yarns. Siyaram's is associated with over 1

lakh A lakh (; abbreviated L; sometimes written lac) is a unit in the Indian numbering system equal to one hundred thousand (100,000; scientific notation: 105). In the Indian 2,2,3 convention of digit grouping, it is written as 1,00,000. For ex ...

retail outlets Retail is the sale of goods and services to consumers, in contrast to wholesaling, which is sale to business or institutional customers. A retailer purchases goods in large quantities from manufacturers, directly or through a wholesaler, and t ...

, and has over 170 branded showrooms spread across the nation. In the March 2014 quarter, the company's annualized net profit was ₹20.2 crores. Siyaram’s produces over 4 million metres of fabric produced per month; over 60 million meters of fabric annually. Siyaram's brands includ
CadiniJ HampsteadOxemberg
among others.

Product line

According to

the Economic Times ''The Economic Times'' is an Indian English-language business-focused daily newspaper. It is owned by The Times Group. ''The Economic Times'' began publication in 1961. As of 2012, it is the world's second-most widely read English-language bus ...

polyester Polyester is a category of polymers that contain the ester functional group in every repeat unit of their main chain. As a specific material, it most commonly refers to a type called polyethylene terephthalate (PET). Polyesters include natural ...

viscose, derived from

crude oil Petroleum, also known as crude oil, or simply oil, is a naturally occurring yellowish-black liquid mixture of mainly hydrocarbons, and is found in geological formations. The name ''petroleum'' covers both naturally occurring unprocessed crude ...

, forms nearly 85% of Siyaram's

raw material A raw material, also known as a feedstock, unprocessed material, or primary commodity, is a basic material that is used to produce goods, finished goods, energy, or intermediate materials that are feedstock for future finished products. As feedst ...

. In 2014, Siyaram's saw 80% of revenues from fabric sales, 16% from garments, and 4% from

yarn Yarn is a long continuous length of interlocked fibres, used in sewing, crocheting, knitting, weaving, embroidery, ropemaking, and the production of textiles. Thread is a type of yarn intended for sewing by hand or machine. Modern manufact ...

. Siyaram's weaving capacity is 8 crore metres; garment capacity is 40 lakh pieces per annum. Like some other

textile manufacturer The textile industry is primarily concerned with the design, production and distribution of yarn, cloth and clothing. The raw material may be natural, or synthetic using products of the chemical industry. Industry process Cotton manufacturi ...

s, Siyaram's has entered the ready made-garment (RMG) sector. Beginning in 2004, it has developed product lines in home furnishing, uniform, children's clothing, and a women's line. On 24 September 2015, Siyaram's Silk Mills announced its global venture with a prominent Italian brand, Cadini at Sahara Star, Mumbai. The company plans to develop an exclusive range of fabrics in long staple cotton, Giza cotton, linen, wool cashmere, wool-silk-linen, silk, wool blends, and jacketing fabrics in linen.

References

{{Authority control Clothing manufacturers Clothing companies of India Silk mills Manufacturing companies established in 1978 1978 establishments in Maharashtra Textile companies based in Maharashtra Silk in India Clothing brands of India Companies listed on the National Stock Exchange of India Companies listed on the Bombay Stock Exchange