India’s largest denim fabric maker gets honoured as one of the giants of tomorrow
August 22, 2016: Nandan Denim Limited (NDL), poised to be Asia’s largest denim fabric manufacturer, has been honoured as one of the giants of tomorrow by Fortune India in its 500 Biggest & Best Midsize companies’ rankings. Nandan Denim ranks at number 38 among the Fortune India Next 500 (2016) companies for wealth creation over 3 years (59.64% CAGR). Besides, over 5 years, it ranks 42nd with 45.21% CAGR increase in market capitalization as of April 2016. Every year, Fortune India comes out with the definitive ranking of India’s 500 biggest and best midsize companies. The list celebrates those organisations that fuel India’s economy
Shri Nitin Gadkari, Union Minister for Road Transport and Highways and Shipping presented the award to Mr. Deepak Chiripal, CEO, Nandan Denim Ltd at ceremony organised at Leela Palace, Chanakyapuri, New Delhi on August 19, 2016.
Mr. Deepak Chiripal, CEO, Nandan Denim Limited said, “It is indeed an important moment for us, as the company’s efforts have been recognized by a leading and globally reputed publication. We are now further motivated towards continuing our efforts for quality excellence and commitment.”
Nandan Denim Limited is a part of a leading conglomerate, Chiripal Group, which was established in 1972 and is currently diversified across several businesses like Textiles, Petrochemicals, Chemicals, Packaging, Infrastructure and Education.
Headquartered in Ahmedabad, Gujarat, Nandan Denim has expanded its capacity from 6 MMPA to a capacity of 110 MMPA (estimated in FY 2017) over the period of last 10 years – a 15 fold growth in denim capacity in last one decade. On completing the expansion Nandan Denim Ltd will become Asia’s biggest denim fabric maker. Company exports denim fabric to over 27 countries across the globe and is a supplier to major brands such as GAP, Polo, Calvin Klein, Tommy Hilfiger, Armani, Ralph Lauren etc.
About Nandan Denim Ltd (www.nandandenim.com)
Nandan Denim Limited (NDL) is world’s fifth largest integrated denim fabric maker. Company forayed into textile manufacturing in 2004. Nandan Denim currently engages in manufacturing of denims, cotton fabrics and khakis.
NDL is a part of leading conglomerate, Chiripal Group, established in 1972 and is currently diversified across several businesses like Textiles, Petrochemicals, Chemicals, Packaging, Infrastructure and Education.
Headquartered in Ahmedabad, Gujarat, NDL has expanded its capacity from 6 MMPA to the intended capacity of 110 MMPA over the period of last 12 years. Further, company has earmarked a capacity expansion plan to strengthen its domestic market share, expand its exports business and have an increased focus on value-added segments. Post expansion, NDL will become the largest denim manufacturer in Asia and the fourth largest in the world.
The Company has a state-of-the-art manufacturing facility unit near Ahmedabad, Gujarat and exports its denim fabric to over 28 countries. A team of 3,000 passionate & motivated individuals drive Nandan Denim Ltd.