A lady employee within the garment division of Techno Activewear in Vijayamangalam on Saturday. |Picture courtesy: SPL
Techno Sportswear, an activewear producer with manufacturing amenities in Tirupur and Erode districts of Tamil Nadu, plans to broaden into Odisha, stated Sunil Jhunjhunwala, managing director and co-founder of the corporate.
The corporate acquired $25 million in personal fairness from A91 Companions in Could 2024. The corporate has invested in factories in Perundurai and Vijayamangalam beneath the central authorities’s manufacturing coordination scheme and is manufacturing 25 tonnes of material per day. “We anticipate the gross sales to be round Rs 600 crore in 2025-26 and attain Rs 1,000 crore this 12 months,” he stated. The corporate has invested in constructing built-in manufacturing amenities in recent times. The corporate has arrange a polyester movie yarn knitting and cloth processing facility in Perundurai and a garment unit in Vijayamangalam.
“We’ve signed a memorandum of understanding with the Odisha authorities. The state has ports, labor and uncooked supplies can be found. We’re organising a garment unit there,” he stated.
The corporate has registered manufacturers in over 20 international locations whereas increasing its home presence by on-line and offline retail. He stated the corporate needs to strengthen manufacturing and develop export potential first in West Asia and Southeast Asian international locations.
Techno Sportswear, which employs about 2,000 folks, has 51 personal shops and plans so as to add one other 80 shops this monetary 12 months, added CEO Paspen Mighty.
