18 November 2022, Mumbai:
Udai Kumar Agarwal is the chief operating officer of Lux Industries. An accomplished professional he will work with the leadership team to implement the company’s strategic vision across business operations.
He has more than 13 years of relevant industry experience spanning from business development to business process improvement. He has a strong track record of leading businesses, setting up of green field apparel projects, and launching new innovative products.
Lux operates brands like Genx, Lyra, and Onn, among many others, and is one of the largest players in the hosiery business. Lux has improved its product mix and has had an increased share of value-added products.
Lux has also been working on improving cost efficiencies. The company has streamlined its supply and distribution network and is working closely with its channel partners and distributors to monitor its working capital cycle. Lux has a market share of 20 percent of the organised industry.
Lux launched India’s first scented vest range under its brand Lux Cozi. To fight the rising mercury during summers the refreshing scented vests are a landmark product in the men’s innerwear category.
Lux aims at doubling production capacity over the next three or four years and is working on this.
