Arvind Mills, the flagship company of the Lalbhai Group, has existed since 1931. Half a century before, when the Indian economy opened up, Arvind Mills began laying the foundation to become a global enterprise. It manufactures a range of premium cotton shirting, world-class knits, bottomweights, and over 150 varieties of denim. 1931 is a common year starting on Thursday. ... India has had robust economic growth since 1991 when the government reversed its socialist-inspired policy of a large public sector with extensive controls on the private sector and began to liberalize the economy. ... Cotton is a soft fibre that grows around the seeds of the cotton plant, a shrub native to the tropical and subtropical regions of both the Old World and the New World. ... Part of a pair of denim blue jeans Denim closeup Denim, in American usage since the late 18th century, denotes a rugged cotton twill textile, in which the weft passes under two (twi_ double) or more warp fibers, producing the familiar diagonal ribbing identifiable on the reverse of the fabric...
ArvindMills Limited, one of the largest integrated textile players in the world have announced their financial results for financial year ended 31st March, 2007.
The figures for the current financial year are not comparable to previous year figures as the current year figures include performance of Arvind Brands Limited which was merged in to the company with effect from 1st April 2006.
The sales for the fourth Quarter is up by 35% at Rs.483 Crores as against Rs.358 Crores in the corresponding quarter last financial year.
ArvindMills, the flagship company of the Lalbhai Group, is one of India's largest composite manufacturer of textiles.
Ahmedabad City was known as 'Manchester of the East,' and ArvindMills has a good contribution in the development of textile industry in Gujarat.
In the mid 1990s, ArvindMills undertook a massive expansion of its denim capacity in spite of the fact that other cotton fabrics were slowly replacing the demand for denim.