Website [1] | Founded 1910 | |
Key people S. Pathy(Chairman)R. Santharam(Vice Chairman) Revenue INR 2.21 Billion (Balance Sheet info) Stock price 502958 (BOM) ₹ 2,350.00 0.00 (0.00%)10 Mar, 3:30 PM IST - Disclaimer | ||
Lakshmi Mills Company is a major textile yarn and cloth manufacturer in Coimbatore, India. The company was established by G.Kuppuswamy Naidu in 1910.
Contents
- Axis bank lakshmi mills coimbatore fire accident 25 04 2013
- History
- Group expansion
- Notable directors
- References
It has two composite textile units in Coimbatore: Avinashi Road and Palladam and one in Kovilpatti. The promoters of the mill were also instrumental in starting various textile machinery companies notably LMW and medical and educational institutions. The unit in Coimbatore in Papanaickenpalayam is also a well known famous landmark of the city.
Axis bank lakshmi mills coimbatore fire accident 25 04 2013
History
The founder G. Kuppuswami Naidu born in Papanaickenpalayam, Coimbatore was into cotton ginning and trading. Lakshmi Mills was incorporated in 1910 as a composite textile mill to produce cotton yarn and fabric cloth under ‘Lakshmi Mills’ label in Avinashi Road. In mid-1940s second unit was started at Kovilpatti, Tamil Nadu and in mid-1960s Palladam unit commenced operations. In 1977, Coimbatore Cotton Mills, established in 1930s as a composite textile unit Singanallur was merged into Lakshmi Mills. This unit was under Lakshmi Mills management since 1950s. By 1960s staple fibre production was added to the product line. The company had showrooms in prominent cities and town in South India to sell suiting, shirts, sarees and other textile products.
Group expansion
Lakshmi Mills was also instrumental in the groups expansion into textile machinery companies like LMW, Lakshmi Automatic Looms, Lakshmi Card Clothing, Lakshmi Ring Travellers. The management along with R.Venkataswamy family set up the viscose staple yarn production unit South India Viscose with technology license from SNIA Viscosa of Milan, Italy .
Lakshmi Mills manufactures 100% combed cotton yarns in NE 50s to NE 120s, polyester cotton blended yarns in NE 40s to NE 100s. In addition, the Company manufactures 100% lenzing micro modal/modal/tencel yarns, micro modal/modal cotton blended yarns, 100% micro tencel yarn, tencel/cotton blended yarn.
Notable directors
Notable directors and founding family members include S.Karivardhan, onetime Indian motorsport personality and founder's managing director, G. K. Devarajulu,one time Managing Director and founder of LMW, G. K. Sundaram one time freedon fighter.
The group companies The company was also instrumental in promoting various sports notably Hockey, Motorsports and Horse racing.