Siyaram Silk Mills

What Siyaram Silk Mills does

Siyaram Silk Mills Limited is a publicly listed (BSE/NSE ticker: SIYSIL) Indian textile and apparel manufacturer founded in 1978 and headquartered in Mumbai. The company operates as a vertically integrated platform with divisions covering yarns, fabric manufacturing (suitings, shirtings, linen, bamboo, Den-Knit stretch fabrics), garment production, home furnishings, institutional uniforms (Unicode), exports, and retail distribution. It runs a portfolio of 14+ brands spanning value to luxury segments — including flagship Siyaram's, premium J. Hampstead and Cadini, mid-tier Oxemberg and Devo, value Zecode, fabric brands Mistair, Royale Linen, Cavalero, Canetti, and apparel brands such as Mozzo. Manufacturing capacity includes 10L+ metres of weaving and 10L+ garment pieces per annum, with ~1 million metres of fabric exported monthly to global brands including NEXT, M&S, Burberrys, Topman, Perry Ellis, Target, Calvin Klein, Kenneth Cole, and Express across UK, Europe, North America, Latin America, Gulf countries, South-East Asia, and Africa.

Revenue is generated across four primary streams: B2B fabric exports to international brands, domestic retail through 200+ Siyaram's Shop franchise stores, 27 Zecode and 17 Devo exclusive brand outlets, wholesale/bulk distribution, and institutional uniform sales via Unicode. Q4 FY26 standalone revenue from operations reached Rs 852.60 crore (+15.8% YoY) with net profit of Rs 94.60 crore (+30.6% YoY) and EBITDA of Rs 151.60 crore (+21.04% YoY). Pricing is not publicly disclosed and operates through negotiated B2B contracts, franchise fees (e.g., Rs 1 lakh for J. Hampstead EBO), and varied retail price points by brand positioning. The brand is promoted through celebrity ambassadors (Ranbir Kapoor, Aditya Roy Kapur, Rana Daggubati for Oxemberg), television advertising, social media, and annual CSR events such as the National Cricket Tournament for the Blind. The company was restructured through a Draft Scheme of Arrangement with NCLT in late 2025 to amalgamate its three subsidiaries, and it continues to operate as an independent, promoter-controlled listed entity.

Name

Siyaram Silk Mills

Legal name

Siyaram Silk Mills Limited

Website

https://siyaram.com

Company type

Public

Founded year

1978

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Siyaram Silk Mills is a publicly listed Indian textile and apparel company operating an integrated platform spanning yarn manufacturing, suiting/shirting fabric production, garments, home furnishings, and multi-brand retail. It serves global fashion brands via exports, domestic consumers through 200+ franchise stores, and institutions via uniform contracts.

Ownership category

akta.pro rank

Product category

Textile and Apparel Manufacturing

NAICS

Broadwoven Fabric Mills (31321), Textile Mills (313), Apparel Knitting Mills (31512), Fiber, Yarn, and Thread Mills (313110)

SIC

Broadwoven Fabric Mills, Man Made Fiber & Silk (2221), Men's & Boys' Furnishgs, Work Clothg, & Allied Garments (2320), Apparel & Other Finishd Prods Of Fabrics & Similar Matl (2300), Wholesale-Apparel, Piece Goods & Notions (5130)

akta.pro primary industry

Greige Woven Fabric Mills (IMAOABAA)

akta.pro secondary industries

Knitted Fabric Mills (IMAOABAB), Textiles & Fabric / Piece Goods Wholesale (CRAOADAH), Textiles, Fabrics, Trims & Components Suppliers (CRAAAAAL)

Keywords

• Men's suiting fabrics
• Shirting fabrics
• Textile manufacturing
• Branded menswear
• Institutional uniforms

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Marketing or Sales, Infrastructure, Technology or R&D

Revenue model

1. Fabrics: Manufacturing and sale of suitings, shirtings, linen, and specialized fabrics including Mistair, Royale Linen, Den-Knit stretch fabrics, and bamboo fabrics. Fabrics are sold through wholesale, retail, and export channels.
2. Apparel/Retail: Sale of branded apparel through company-owned and franchise retail stores under multiple brands including Siyaram's Shop, J. Hampstead, Oxemberg, Cadini, Devo, and Zecode. Also includes custom tailoring services through Tailor Fit.
3. Exports: Export of fabrics to international markets including UK, Europe, North America, Latin America, Gulf countries and South-East Asia. The company sells approximately 1 million metres of fabric monthly to global brands.
4. Institutional Sales: Supply of uniforms to schools, corporate and institutional clients through the Unicode brand.

Go-to-market motion3 records

Distribution channels7 records

Marketing channels7 records

Core offering

Siyaram Silk Mills manufactures and sells suiting and shirting fabrics along with ready-made branded menswear garments. The company operates an integrated textile-to-retail business spanning fabric weaving, processing, garment production, and multi-brand retail through 200+ stores in India. It also exports fabrics to international fashion brands and supplies uniforms to schools and corporate clients.

Product overview

Siyaram Silk Mills is a diversified textile and apparel company established in 1978, operating as a platform of multiple brands and manufacturing divisions. The company offers a comprehensive portfolio spanning fabric manufacturing (Suitings & Shirtings, Mistair, Den-Knit, Royale Linen), premium apparel brands (J. Hampstead, Cadini, Oxemberg, Siyaram's Mozzo), retail brands (Siyaram's Shop with Tailor Fit tailoring service, Devo, Zecode), institutional offerings (Unicode uniforms), and home furnishings. The company operates 200+ retail stores across India under various brand formats and exports to international markets including partnerships with NEXT, M&S, BURTONS, TOPMAN, PERRY ELLIS, TARGET, CALVIN KLEIN, and EXPRESS. Manufacturing capabilities include fabrics, apparel, home furnishing, institutional, exports, and yarns divisions.

Differentiator

Problem solved

Functional benefit

Brands

• J. Hampstead: Premium luxury menswear brand inspired by 200-year-old bespoke tailoring art; offers worsted fabric and high-quality formal shirts for young men
• Oxemberg
• Devo
• Zecode
• Cadini
• Mistair
• Royale Linen
• Mozzo
• Canetti
• Cavalero
• Den-Knit
• Unicode
• Siyaram's Gifting

Products and services

• Siyaram's Suitings & Shirtings Flagship fabric brand offering traditional suitings and shirtings, the company's core product line established since 1978, sold through wholesale, retail, and export channels.
• J. Hampstead European-inspired luxury suiting and shirting brand targeting affluent consumers with high-quality worsted fabric and customized tailoring services.
• Cadini Premium suiting and shirting brand featuring Italian-inspired designs and luxury fabrics targeting formal and occasion wear, including a Cadini Italy Perfume line launched in November 2024.
• Mistair Premium fabric brand featuring breathable materials suitable for formal and semi-formal occasions, with Aditya Roy Kapur as brand ambassador.
• Royale Linen Linen fabric collection featuring sophisticated and elegant linen suiting and shirting for formal and casual wear.
• Oxemberg Fashion apparel brand offering styles for work, festive occasions, and everyday wear with contemporary designs, endorsed by Rana Daggubati.
• Devo Modern retail brand offering contemporary fashion apparel through exclusive brand outlets across multiple Indian cities.
• Zecode Value fashion retail brand with multiple store locations across Karnataka and other Indian states, focusing on affordable fashion for budget-conscious consumers.
• Unicode Institutional uniform design brand creating school, corporate, and institutional uniforms with sophisticated and elegant designs.
• Den-Knit Stretch fabric collection designed for comfort and flexibility, suitable for India's hybrid office environments.
• Siyaram's Mozzo Contemporary menswear brand offering casual and semi-formal apparel with modern styling.
• Apparel Manufacturing Garment manufacturing division producing finished apparel products with a capacity of 10 lakh+ pieces per annum.
• Home Furnishing Home textile and furnishing products including bedding, drapery, and interior textiles.
• Yarns Yarn manufacturing and sourcing division supporting the company's fabric production capabilities.
• Exports Division International export division supplying fabrics to UK, Europe, North America, Gulf countries, and South-East Asia, with monthly export capacity of 1 million metres to global brands including NEXT, M&S, CALVIN KLEIN, and TARGET.
• Siyaram's Shop Multi-brand retail store offering suits, shirts, fashion fabrics, and everyday apparel through 200+ franchise stores across India, with made-to-measure tailoring services.
• Siyaram's Gifting Gift and combo pack products for gifting occasions, part of the lifestyle product portfolio.
• Canetti Premium fabric brand offering designer suiting materials for special occasions.
• Cavalero Premium suiting brand offering quality fabrics for formal occasions.

Quantifiable outcome

• Q4 FY26 revenue grew 15.8% YoY to Rs 852.60 crore
• +2 more outcomes

Named customers9 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Nine partnerships are on record, tiered core and major.

• NEXTcoreStrategic or Co-development PartnerNEXT, a major UK-based fashion retailer, sources fabrics from Siyaram Silk Mills. This partnership represents Siyaram's ability to meet international quality standards required by global fashion brands.
• M&S (Marks & Spencer)coreStrategic or Co-development PartnerMarks & Spencer, the iconic British retailer, sources fabrics from Siyaram for their garment production. This partnership validates Siyaram's global quality standards.
• BURTONSmajorStrategic or Co-development PartnerBURTONS, British fashion retailer, sources fabrics from Siyaram for their product lines.
• TOPMANmajorStrategic or Co-development PartnerTOPMAN, British fashion brand, sources fabrics from Siyaram for their menswear collections.
• PERRY ELLIScoreStrategic or Co-development PartnerAmerican fashion brand Perry Ellis sources fabrics from Siyaram, representing their presence in the North American market.
• TARGETcoreStrategic or Co-development PartnerTarget Corporation, one of the largest US retailers, sources fabrics from Siyaram, demonstrating their scale and quality consistency.
• CALVIN KLEINcoreStrategic or Co-development PartnerCalvin Klein, the premium American fashion brand, sources fabrics from Siyaram, representing their luxury market capabilities.
• KENNETH COLEmajorStrategic or Co-development PartnerKenneth Cole Productions sources fabrics from Siyaram for their footwear and accessories lines.
• EXPRESSmajorStrategic or Co-development PartnerExpress, American fashion retailer, sources fabrics from Siyaram for their apparel collections.

Scale indicators10 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Trident Group: Diversified Indian textile manufacturer in yarn, terry towels and home textiles with global retail customer base; comparable on integrated manufacturing and export scale though less focused on branded menswear.
• Welspun India: Large Indian textile exporter (home textiles and flooring) with significant international B2B customer base including Target; comparable on global retailer partnerships and manufacturing scale.
• Bombay Dyeing: Historic Indian textile group with a broader portfolio across real estate and home textiles plus branded fabrics and apparel; overlaps with Siyaram on suiting/shirting fabric and retail.
• Aditya Birla Fashion and Retail: India's largest branded apparel platform with menswear brands (Louis Philippe, Van Heusen, Allen Solly) that compete for similar franchisee and mall footprints as Siyaram's Shop and Devo.

Direct peers

• Page Industries: Exclusive licensee for Jockey and Speedo in India with comparable vertically integrated apparel manufacturing and franchise/EBO-led retail; comparable on distribution-led growth in Indian branded apparel.
• Raymond Limited: India's largest branded suiting and shirting manufacturer with overlapping fabric-to-apparel platform, franchise retail and Tier-2/3 distribution; the closest listed competitor to Siyaram's core business.
• Vardhman Textiles: Large Indian yarn and woven fabric manufacturer supplying to global apparel brands; comparable on fabric manufacturing scale, B2B customer mix and yarn-to-fabric vertical integration.
• Arvind Limited: Integrated Indian textile major producing denim, woven fabrics and branded apparel (Arrow, US Polo, Tommy Hilfiger licences) — directly comparable on fabric-to-apparel model and global brand partnerships.
• Donear Industries: Indian suiting and shirting fabric manufacturer with comparable branded fabric portfolio (Donear, Graviera, OCM) targeting similar menswear fabric and retail channels.

Regional players

• Kewalram Chanrai (KC Group): Singapore-headquartered textile and apparel conglomerate with strong India menswear presence (e.g., Blackberrys) and overseas distribution; comparable on menswear retail franchising model in India and Southeast Asia.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/siyaramsindia
• YouTubeyoutube.com/user/SiyaramsIndia
• Facebookfacebook.com/SiyaramSilkMills
• LinkedInlinkedin.com/company/siyaram-silk-mills-ltd.
• Instagraminstagram.com/siyaramsindia

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Siyaram Silk Mills