SVP Global Ventures: Innovations led business model providing an edge over its peers in traditional Textile Industry
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12th August 2021, Mumbai:
Chirag Pittie, Director, SVP Global Ventures Ltd is a generation next young dynamic entrepreneur visionary to be leading one of the front running vertically integrated textile manufacturers of globally continues to focused on cutting edge techniques & processes using 'Artificial Intelligence based spinning technology' which provides it an edge over its peers in conventional industry.
Putting success in quick perspective The tactical decision to set up a plant in Oman has proven to be game changer. Just to place on record, Phase 1 of the expansion was completed on July 21 with the capacity of 150,000 spindles and 3500 rotors at a capex of USD 150 mn that too in record time in spite of COVID 19 constraints. A very strategic plant provides which speaks of farsightedness as it has both operational and logistics advantages as it continues to run on the premise of energy conservation i.e. low cost funding and power. Thus SVP Global has built stupendous overall capacity of 400,000 Spindles and 5900 Rotors.
Quality is a way of life here with followings certifications
Such as Organic, BCI, GOTS, OCS, OEK-TEX STD 100, Fair Trade, SUPIMA Gold and ISO. Recently SVP was accredited as an approved supplier for Swedish retail giant IKEA and certified at Level B by Inditex, the Zara Brand, which is a License to SVP Global products.
Sustainably profitable company boasts of The EBITDA margins growing continuously from 7.1% in FY17 to 16.5% in FY21.
The way forward is SVP is now heading in the direction of complete value chain of textile and forward integration in the direction of setting garments facility in Oman and India assures that group will hold out on its sustainable gains.
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