MUMBAI-HEADQUARTERED SVP GROUP, WHICH was founded by Shri Vallabh Pittie Group in 1898, carries a deep family legacy of producing textiles for many many years. However, unlike many of its peers which left behind when the competition and technological disruptions hit the market, SVP went ahead with heavily investing in manufacturing technology and latest machines for the future. In most of its initial phase, the company focused primarily on trading while relying on third parties for manufacturing. It was in 2007 when the company decided to establish its own manufacturing unit with the acquisition of its first plant in Palani Distt of Tamilnadu. Soon it acquired two more plants at Coimbatore and Ramnad in 2010. The big transformation came when the company set up the most modern, AI based, state of the art plant at Jhalawar, Rajasthan in a record 15 months in 2016. Backed by advanced manufacturing facilities, SVP went global in 2019 and set up another plant at Sohar, Oman. Today, with a total capacity of 5,48,000 spindles and 5900 rotors across its plants, SVP has become one of the largest compact cotton yarn manufacturers in the world.
The domestic market includes Ichhalkaranji, Bhiwandi, Ahmedabad, Surat, Wapi, Silvasa and Bhilwara in India. Whereas, internationally, it supplies to Vietnam, Bangladesh, China, Pakistan, Turkey and Portugal.
In an exclusive interview with Manufacturing Today, the company’s CEO OP Gulia shares how the century-old textile company shed its legacy baggage to embrace smart manufacturing to become one of the leading suppliers of combed compact cotton in the world.
Here are the excerpts:
What steps did you take as part of the transformation of the manufacturing process?
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