RSWM Limited
TypePublic Ltd. Co.
NSE: RSWM, BSE: 500350
IndustryTextile industry
Founded1960
FounderL N Jhunjhunwala
Headquarters
Noida, Uttar Pradesh
,
India
Area served
India & overseas
RevenueIncrease ₹3,850 crore (US$480 million) (FY 2021-22))[1]
ParentLNJ Bhilwara Group
Websitewww.rswm.in

RSWM Limited is an Indian textile company which manufactures synthetic and blended spun yarns. Its headquartered in Noida, Uttar Pradesh having registered office in Kharigram, Rajasthan. It is a flagship company of LNJ Bhilwara group.[2][3][4]

RSWM is a listed company in National Stock Exchange (NSE: RSWM) and Bombay Stock Exchange (BSE: 500350).[5][6]

History

RSWM Limited was established in 1960 as Rajasthan Spinning & Weaving Mills Limited at Calcutta, India. In 1980, the company Collaborated with Zwicky & Co., Switzerland to manufacture of polyester sewing thread with an annual capacity of 120 tonnes.[7]

In 1992, RSWM signed a MoU with Madhya Pradesh Government for beneficiation of 2000 TPD of rock phosphate. In the year 1995 RSWM partnered with Canadian company Dominion Textile for manufacturing high value added Denim.[8]

In 1997, the company setup two power plants of capacity 4.2 MW each at Gulabpura and Banswara. In 2000, RSWM signed agreements with National Securities Depository Limited and Central Depository Services to facilitate all types of investors to hold and trade in the company's equity shares in electronic mode. In 2006, the company change its name from Rajasthan Spg. & Wvg. Mills Limited to RSWM Limited.[7]

In 2020, RSWM Ltd. partnered with the Swiss company HeiQ under its brand Mayur Suitings.[9] Later in 2021, Mayur Suitings was acquired by Indian textile company DONEAR Industries.[10]

Awards

References

  1. ↑ "RSWM Yearly Results, Financial summary, RSWM Yearly Earnings". The Economic Times.
  2. ↑ "LNJ Denim to invest Rs 350 cr for expansion". The Indian Express. 3 May 2011.
  3. ↑ Narayanan, K. S. Badri (8 November 2021). "Stocks that will see action today (Nov 8)". Business Line.
  4. ↑ "Panama Papers: Textile major Bhilwara Group has firm in BVI, says it is a lawful investment". The Indian Express. 5 May 2016.
  5. ↑ "RSWM Ltd". Business Standard India.
  6. ↑ "RSWM Ltd". www.moneycontrol.com.
  7. 1 2 "RSWM History | RSWM Information". The Economic Times.
  8. ↑ "RSWM Ltd". NDTV.
  9. ↑ "RSWM ties up with HeiQ to offer antiviral fabric under Mayur brand". The Hindu. 24 June 2020.
  10. ↑ "Donear acquires Mayur Fabrics, PV Suiting Global distribution network from RSWM - ET Retail". The Economic Times.
  11. ↑ "LIST OF AWARD WINNERS OF RAJIV GANDHI NATIONAL QUALITY AWARDS" (PDF). Bis.org.
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