Siddhi Cotspin

About the Company

Siddhi Cotspin is a Gujarat-based textile manufacturer established in 2015, primarily engaged in manufacturing and selling cotton yarns. The company operates a Greenfield project at Village Dholi, Dholka, Ahmedabad with 29,376 spindles capacity producing cotton yarn and value-added yarns. With production capacity of 90.12 lakh kg for cotton yarn and 135.80 lakh kg for value-added yarn, the company serves the textile industry with stringent quality standards. Led by Managing Director Navin Saraogi with 20+ years textile industry experience, Siddhi Cotspin focuses on eco-friendly manufacturing processes using renewable energy.

Strengths

• Experienced promoter and management team
• Consistently maintains quality standards
• Strong and diversified supplier base
• Optimal utilisation of resources
• Long-standing relationships with our customers

Risks

• Dependence on cotton prices which are volatile and subject to agricultural and global market conditions
• Limited geographic diversification with single manufacturing facility creating operational concentration risk
• Working capital intensive business model requiring continuous funding for raw material procurement