Arvind Share Price

Arvind Ltd

Arvind Limited, one of India’s leading vertically integrated textile companies, boasts a legacy that spans almost eight decades. With its diverse product offerings, Arvind has carved a niche as one of the world’s largest denim manufacturers. The company’s operations cover a wide range of fabric manufacturing, including cotton shirting, denim, knits, and bottom weights (such as khakis), as well as the production of garments such as jeans and shirts. Through its subsidiaries, Arvind has made a significant impact in the retail apparel sector in India and internationally, marketing branded apparel under a broad portfolio that includes renowned brands such as Flying Machine, Arrow, US Polo, Izod, Elle, and Cherokee, to name a few. Additionally, the company operates retail value stores under the brand UNLIMITED, expanding its reach in the apparel market.

Early Beginnings and Expansion

Arvind Ltd. was originally incorporated as Arvind Mills Ltd. in 1931 by three brothers—Kasturbhai, Narottambhai, and Chimanbhai. The name of the company was later changed to Arvind Limited in July 2008 to reflect its diverse business interests beyond textiles. In 1934, Arvind Mills became one of the foremost textile units in India, setting the foundation for the company’s leadership in the textile manufacturing space. In 1986, Arvind introduced denim, yarn-dyed shirting fabrics, and wrinkle-free gabardines to India, which was a groundbreaking move at the time. This move solidified Arvind's position as a pioneer in the industry.

In 1987, the company took another major step by bringing the international shirt brand Arrow to India, opening retail outlets for the brand and expanding its portfolio of products. This marked the beginning of Arvind's expansion into the retail space, where it would continue to thrive for decades. Through various technical and marketing alliances with global brands, Arvind gained a strong foothold in the textile sector. Some of the key collaborations included partnerships with F. M. Hammerle VonOgensver Waltungs of Austria, Alamac Knit Fabrics Spinners of the United States, and Webexi Dict Turt of Switzerland, which further enhanced Arvind's reputation in the textile world.

Diversification and Growth into New Markets

In the 1980s, Arvind began diversifying its business. The company ventured into electronics by establishing a plant for manufacturing electronic telephone exchanges (EPABX). It also entered the pharmaceutical sector, marketing products, and even started manufacturing BW and color television sets under the name Pyramid. These ventures were part of Arvind's strategy to explore new avenues for growth.

The company continued expanding its textile capabilities, with notable milestones in the early 2000s. In the 2001-02 period, Arvind increased its spindle and stitching machine capacity, which enabled it to ramp up production. By 2003, Arvind expanded its shirt manufacturing capacity from 2.4 million pieces annually to 4.8 million pieces. This increase in production capacity helped the company meet the growing demand for its products. The company furthered its growth by establishing Arvind Spinning Ltd., a subsidiary that commenced operations in 2003.

Strategic Investments and Joint Ventures

Arvind’s growth trajectory accelerated with strategic investments in new areas. In 2005, the company began producing jeans at a new plant in Bangalore, with an installed capacity of 4 million pieces per year. This move into denim jeans was part of Arvind's broader strategy to tap into emerging global markets for premium and super-premium denim. During this period, Arvind also launched new denim collections aimed at markets in the United States, Europe, Japan, and Korea, which garnered positive responses.

In 2006, Arvind underwent a major restructuring process by demerging and transferring its Garments Business Division to Arvind Brands Ltd. The company also entered into a joint venture with Arvind Murjani Brand Pvt Ltd to sell Tommy Hilfiger apparel in India, further solidifying its position in the branded apparel market. The wholesale branded apparel business of Arvind Fashions Ltd was sold to VF Arvind Brands Pvt Ltd in 2006, and in March 2008, Arvind signed an exclusive license agreement with Phillips-Van Heusen Corporation to distribute IZOD brand apparel in India.

Innovations and Technological Advancements

The period from 2010 onwards marked a new phase of innovation and technological advancement for Arvind. In 2010, Arvind established The Arvind Store, which brought together its entire range of fabrics and apparel under one roof. This initiative allowed customers to explore Arvind’s extensive textile offerings, from denim to shirting fabric, while also benefiting from bespoke tailoring services through Studio Arvind. This move aligned with Arvind’s focus on integrating its textile manufacturing with retail operations.

In 2011, Arvind entered a joint venture with the Nitol Group of Bangladesh to set up a denim manufacturing plant in Bangladesh, marking its first major step outside of India in terms of textile production. The joint venture would provide Arvind with access to global markets and increase its manufacturing capacity. During the same year, Arvind expanded its portfolio by introducing international fashion brands such as Calvin Klein, Tommy Hilfiger, Gap, Ed Hardy, Hanes, Nautica, and Elle into the Indian market.

Arvind's commitment to innovation continued in 2014 when its subsidiary, Arvind Envisol, received a global patent for its Polymeric Film Evaporation Technology (PFET), a breakthrough in wastewater treatment. The technology reduces energy costs for zero-liquid discharge systems by as much as 80%, positioning Arvind as a leader in sustainable practices in the textile industry.

Branding, Retail, and Global Expansion

As part of its continued efforts to position itself as a global player, Arvind entered into several high-profile partnerships and acquisitions. In 2014, the company launched Creyate, a custom clothing brand offering bespoke menswear with a degree of customization previously unseen in the Indian market. Arvind also partnered with Invista, the owner of Lycra fibre, to manufacture stretch denim fabric in India, and launched a variety of innovative products, including smart denim jackets in collaboration with global tech leaders.

Arvind’s expansion into the branded apparel sector continued with its tie-up with cricket legend Sachin Tendulkar in 2016 to launch the True Blue menswear label. That same year, the company launched Nnnow.com, an online retail platform catering to trendsetters across India. In October 2016, Arvind raised Rs 740 crore by diluting a 10% stake in its brand business arm, which valued the arm at an impressive Rs 8,000 crore.

Demerger, Restructuring, and Future Prospects

In 2017, Arvind underwent a composite scheme of arrangement involving the demerger of its real estate business and the transfer of its engineering operations to Anveshan Heavy Engineering Ltd. This restructuring was part of the company’s strategy to streamline its operations and focus on its core textile and apparel businesses. Further restructuring occurred in 2018 when Arvind Fashions Ltd, Anveshan Heavy Engineering Ltd, and The Anup Engineering Ltd merged with Arvind Ltd. This restructuring allowed Arvind to focus on its key business segments while simplifying its corporate structure.

As of 2023, Arvind made further investments in renewable energy, acquiring a 31.20% stake in Renew Green (GJ Eight) Pvt Ltd for a wind-solar hybrid power project in Gujarat. The company also divested its subsidiary, Arvind Internet Ltd, to Bigfoot Retail Solutions in 2023, consolidating its position in core textile and apparel businesses.

Throughout its journey, Arvind has maintained a strong market presence, not only in India but also globally. Today, it stands as one of the largest and most successful textile and apparel manufacturers in the world. With its diversified interests, continuous innovation, and strategic expansions, Arvind remains a significant player in the global textile and retail markets.

In recent years, the performance of Arvind Ltd. has been closely monitored by investors, with the company’s stock reflecting the growth trajectory of the business. The Arvind Share Price continues to be an indicator of investor confidence in the company’s ongoing success and its ability to innovate and adapt to changing market dynamics.