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Industry Textiles
Business Summary

VIJAY Textiles Ltd (VTL), the Rs 56-crore furnishings and upholstery fabrics manufacturer, is picking up 4.17 per cent stake in Suryajyoti Spinning Mills Ltd (SSML), the Rs 122-crore yarn manufacturer, through preferential offer route. Vijay Textiles, the manufacturer of furnishings, accessories and upholstery fabrics, has proposed to open up three more retail stores with an estimated investment of Rs 50 crore, as part of its retail strategy.

The company retail strategy initiative during last year has paid dividend and the company has decided to open three more stores in Andhra Pradesh with an estimated investment of Rs 50 crore. The same will be further expanded to other major metros in the country too, he added. Similarly, following an encouraging response from the non-resident Indians for its fabrics, the company is also planning to set up franchisees in New Jersey and Chicago in the US, apart from exporting to Gulf and African countries.

Company Websitehttp://www.vijaytextilesltd.com
Phone+91-40-27848479
Contact Address Details
Office Address 104, Surya Towers,
S.P. Road,
Secunderabad 500003

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