S. Kumars

S. Kumars Nationwide Limited or SKNL (BSE: 514304, NSE: SKUMARSYNF) is a textile and apparel company with expertise in multi-fibre manufacturing presently under liquidation. The company has extended its presence in multiple product categories from fabrics to apparels and home textiles.

S. Kumars Nationwide Limited
TypeTextile conglomerate
BSE: 514304
NSE: SKUMARSYNF
IndustryManufacturing and Trading of textiles & apparels
Founded1990 as S.Kumars Synfabs Ltd.
6 October 2000 - name changed to S. Kumars Nationwide Ltd. (SKNL)
FoundersLate Seth Shri Shankarlalji Surajmalji Kasliwal
Late Sethani Smt. Chandrawatiji Shankarlalji Kasliwal
Headquarters
Mumbai
,
India
Key people
Nitin Kasliwal (Chairman & MD)
Websitesknl.co.in

History

S. Kumars Group was founded by Late Seth Shri Shankarlalji Surajmalji Kasliwal & Late Sethani Smt. Chandrawatiji Shankarlalji Kasliwal in the year 1943. The brand & logo S.KUMARS originally stands for 'S' for Shankarlal and 'KUMARS' for his 6 sons viz. Alokkumar, Vivekkumar, Ashokkumar, Sumatikumar, Shambhukumar & Abhayakumar.

The Group started with textile trading, distribution and subsequently commencing textile manufacturing activities.

In 1968 S. Kumars Enterprises (Synfabs) Pvt Ltd. was incorporated by Kasliwal.

Later the S. Kumars Group floated a deemed public company on 28 February 1991 and a public company on 7 July 1992.[1]

The name of the Public Company was S. Kumars SYNFABS LTD and later the name was changed to S. Kumars Nationwide Limited (SKNL) in October 2000.

Brands and subsidiaries

Textiles and apparel

SKNL has set up a texturising and twisting plant at Dewas in Madhya Pradesh. In 1997, SKNL acquired a spinning-cum-weaving unit near Dewas (Madhya Pradesh), from Standard Industries Limited.

In 1998, SKNL entered into a collaboration with Reid & Taylor of Scotland for manufacturing and marketing the Reid & Taylor worsted suiting in India. In 2006, SKNL launched "Carmichael House", a complete range of home linen products and accessories.[2]

In 2006, SKNL launched "Belmonte", a youth menswear brand that had both fabric and ready-to-wear garments under one label.

In 2007, the clothing brand Stephens Brothers was licensed to SKNL in India. It was launched in December 2007, to introduce the English cut & style to Indian consumer. The brand is now owned by the UK Group Austin Reed.

In 2008 SKNL acquired assets of Legguino s.p.a. Italy, manufacturer and seller of high value fine cotton shirting supplying to the topmost fashion houses of Europe and U.S.A. This provides front-end back-end synergy for SKNL’s Baruche Superfine Cottons plant.

Subsequently SKNL entered into a joint venture and licensing agreement with Donna Karan International to manufacture / sell DKNY menswear.[3] The agreement was terminated in 2012.[4]

In 2009, SKNL has acquired assets of Hartmarx Corporation, a well-known suits manufacturing company in American and European markets.

Organization

SKNL businesses are divided into product-specific Strategic Business Units (SBUs): Consumer Textiles, Home Textiles, Worsted Suitings, Ready to Wear and High Value Fine Cotton (HVFC). Each of these SBUs is headed by an Executive Director, Chief Executive Officer or a Chief Operating Officer. The corporate activities related to finance, planning, research, publicity, marketing, human resources etc. are centralized.

Consumer Textiles
  • Belmonte (Fabrics)
  • Uniformity by Belmonte (Uniform fabric)
  • S.Kumars (Work wear fabric)
Home Textiles
  • Carmichael House (Premium)
  • Benetton ( Super Premium)
Ready to Wear (TWS)
  • Belmonte (Mid-Premium)
Baruche Superfine Cottons

Reid & Taylor (India) Limited

S. Kumars acquired rights for manufacturing and marketing the Reid & Taylor worsted suiting in India in 1998. Reid & Taylor was originally started by a Scottish man named Alexander Reid in the 1830s. The concern, financed by Joseph Taylor, went on to become a notable worsted suiting brand. S. Kumars set up a luxury suiting plant at Mysore in 1998 for Reid & Taylor (India) Ltd. The brand has been endorsed by India's notable film actor, Amitabh Bachchan. In 2008, 24.5% stake in Reid & Taylor was acquired by an affiliate of GIC Special Investments for Rs 900 crore.[5]

Luxury Textiles
  • Reid & Taylor (Luxury Suitings)
Ready to Wear
  • Reid & Taylor ( Premium)

References
  1. "Company History - S Kumars Nationwide". Retrieved 1 September 2017.
  2. "carmichael-house"/16/16/232655 "SKNL launches new home textile brand "Carmichael House"". 6 August 2006. Retrieved 27 June 2009.
  3. "DKNY and SKNL Sign Men's Wear Deal". 4 May 2010. Retrieved 17 November 2014.
  4. "Sports Direct in running to win DKNY licence". 13 October 2012. Retrieved 17 November 2014.
  5. "Stake In Reid & Taylor". Retrieved 27 June 2009.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.