Introduction
Filatex India Ltd. is promoted by the reputed Bhageria
family hailing from Distt. Jhunjhunu Rajasthan. The
company, a listed public limited company, was
incorporated on 8th August 1990 and received its
certificate of commencement of business on 5th
September, 1990. FIL is involved in the business of
manufacturing polyester and polypropylene multifilament
yarns (commonly known as PFY) at its Dadra Plant and
Polyester, nylon and polypropylene monofilament yarns at
its Noida Plant. At Dadra, FIL, initially started with a
small capacity for manufacture of POY of 5000 MT p.a. in
1996 and gradually increased the same to 66523 MT p.a.
in the year 2008-09 during this period FIL also ventured
into the manufacture of Polypropylene Crimps and
Textured Yarn which is a higher value added product and
now contributes 20% approximately of total turnover of
the company and FIL, today is the market leader in the
product. FIL also added another value added product
namely Fully Drawn Yarn (FDY) in its product range and
the company is able to cater to diversified needs of its
customers under one roof. Similarly, at its Noida plant
the company, which is considered to be a pioneer in
manufacturing of Monofilament yarns in the Indian
market, started with a small capacity of 500 MT p.a. in
1994 to manufacture Polyester, nylon and polypropylene
monofilament yarns and has increased the same to 1500 MT
p.a. in 2008-09.
It has been the philosophy of the Company to plough
back the profits to achieve economic size to sustain and
compete in the long run. This also indicates the
commitment of the promoters to the industry and the
business model. Both, the Dadra & Noida plants of
the company are fully automated and ISO 9002 certified.
The plant at Silvassa has the locational advantage due
to its proximity to market. Surat & Silvassa account
for more than 45% of total demand of POY & more than
85% of total demand for chips in India. The plant at
Dadra enjoys various fiscal Benefits like–Sales tax
exemption, Income tax exemption u/s 80 I A of Income Tax
Act and low cost of power @ 4.00/unit.
FIL has been continuously undertaking cost reduction
measures to remain competitive. The energy costs and
selling & administration overheads of FIL are lower
amongst the peer group. Lower operating cost coupled
with lower capital cost and optimum capacity utilisation
on a consistent basis, have lead to smooth sailing of
FIL even during sluggish market conditions when other
units succumbed to the market pressures.
