Spica Group
Spica Group is a family-owned Indian textile manufacturer (founded 1965) producing narrow elastics, socks, and yarns at industrial scale from facilities in Pune and Hanoi, serving global garment, medical, footwear, and sportswear B2B customers across 15 countries.
- Company typePrivate
- Founded1965
- HeadquartersMumbai, India
- Headcount1,001–5,000
- GTM typeB2B
- OfferingHardware or Manufacturing
What Spica Group does
Spica Group is a privately-held, family-owned Indian textile manufacturer founded in 1965 and headquartered in Pune, with a regional manufacturing subsidiary in Hanoi, Vietnam (Spica Elastic Vietnam Co., LTD). The company operates three integrated product lines: narrow fabrics (knitted, woven, printed, and jacquard elastics, plus shoe tapes and medical tapes), high-quality socks (sports, formal, casual, and specialty), and yarns (sewing thread, elastomer yarns, dyed yarns, and novelty yarns such as Feather Yarn). Its underlying technology centers on weaving, knitting, and dyeing processes, with proprietary capabilities including 512-hook Jacquard weaving and the recently launched Adaptifit Elastics (January 2025), a body-contouring elastic technology.
The company manufactures at industrial scale — 65 million pairs of socks, 1.5 billion yards of elastic, and 10 million pounds of dyed yarn annually — and serves B2B customers across garments/apparel, medical tapes, footwear, sportswear, and home textiles in 15 countries, displaying 22 client logos on its corporate site. It holds OEKO-TEX, GOTS, OCS, and RDS certifications, operates a renewable-energy (wind power) and zero-water-discharge sustainability program installed at its Pune plant in June 2024, and sells exclusively through direct B2B relationships under quote-based, multi-year contract pricing. Leadership is structured across three generations of the Jaitha family, with a Chairman, Managing Director, Executive Director (Marketing & Business Development), a Financial & Strategic Initiatives lead, and dedicated India and Vietnam country management; the company reports ~3,000 employees globally and 60% women representation across management levels.
Spica Group firmographics
Firmographics- Name
- Spica Group
- Legal name
- Spica Elastic Vietnam Co., LTD (Vietnam entity)
- Website
- https://spica-group.com
- Company type
- Private
- Founded year
- 1965
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- Spica Group is a family-owned Indian textile manufacturer (founded 1965) producing narrow elastics, socks, and yarns at industrial scale from facilities in Pune and Hanoi, serving global garment, medical, footwear, and sportswear B2B customers across 15 countries.
- Ownership category
- akta.pro rank
Spica Group industry classification
Industry- Product category
- Industrial Textile Manufacturing
- NAICS
- Narrow Fabric Mills and Schiffli Machine Embroidery (313220), Fiber, Yarn, and Thread Mills (31311), Knit Fabric Mills (313240)
- SIC
- Textile Mill Products (2200), Knitting Mills (2250)
- akta.pro primary industry
- Narrow Fabrics & Webbings (Tapes/Ribbons/Straps) (IMAOABAD)
- akta.pro secondary industries
- Drawcords, Ribbons & Decorative Trims (Cords/Ribbons/Piping/Braids/Lace/Fringe) (IMAOALAG), Adhesives, Tapes & Bonding for Apparel (Seam Tape/Hot-Melt Films/Heat-Seal Tapes/Trim Attachment Adhesives) (IMAOALAJ), Textiles, Fabrics, Trims & Components Suppliers (CRAAAAAL)
Keywords
Where Spica Group is headquartered
LocationHeadquarters
- HQ city
- Mumbai
- HQ country
- India
- HQ region
- Asia
Offices2 records
Markets served
Spica Group business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Personnel, Operations, Supply Chain, Infrastructure, Technology or R&D, Marketing or Sales
Revenue model
- Narrow Fabrics Manufacturing & Export: Manufacturing and exporting narrow fabrics including woven, jacquard, and knitted elastics, shoe tapes, and medical tapes to global markets
- High Quality Socks Production: Manufacturing sports socks, formal socks, casual socks, and specialty socks for global apparel and sportswear industries
- Yarns Production & Sales: Producing and selling sewing thread, elastomer yarns (covered spandex/rubber), and dyed yarns to textile and garment manufacturers
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | B2B bulk manufacturing pricing |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels7 records
Spica Group product offering
Product offeringCore offering
Spica Group is a textile manufacturer and exporter specializing in narrow fabrics (knitted, woven, printed, and jacquard elastics, shoe tapes, and medical tapes), high-quality socks, and yarns (sewing thread, elastomer yarns, and dyed yarns). The company operates integrated manufacturing facilities in India (Pune) and Vietnam (Hanoi), producing 65 million pairs of socks, 1.5 billion yards of elastic, and 10 million pounds of dyed yarn annually for global garment, medical, footwear, and sportswear industries.
Product overview
Spica Group is a premium textile manufacturer offering three core product categories: Narrow Fabrics (including knitted, woven, printed, and jacquard elastics, shoe tapes, and medical tapes), High Quality Socks (sports, formal, casual, and specialty socks), and Yarns (sewing thread, elastomer yarns, and dyed yarns). The company also offers specialized product lines like Adaptifit Elastics—a contour-fitting elastic innovation launched in January 2025—and Feather Yarn. The portfolio serves diverse industries including garments, medical, footwear, textiles, and sports, with manufacturing capabilities of 65 million pairs of socks annually and 1.5 billion yards of elastic per year.
Differentiator
Problem solved
Functional benefit
Brands
- Adaptifit: A uniquely designed range of elastics made to take the form and contour of body shapes, providing comfortable fit for all body shapes and sizes.
Products and services
- Narrow Fabrics
Companies that use Spica Group
Customer profileNamed customers5 records
Segments5 records
Ideal customer profiles5 records
Spica Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Spica Group partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core.
- NaukricoreIndian job portal partnership for talent acquisition in India operations. Job postings available at https://www.naukri.com/spica-jobs
- LinkedIncoreSocial media recruitment partnership for employer branding and job postings for global talent acquisition
- VietnamWorkscoreVietnamese job portal partnership for talent acquisition in Vietnam operations at https://www.vietnamworks.com/nha-tuyen-dung/cong-ty-tnhh-spica-elastic-viet-nam-c194500
Scale indicators7 records
Recent moves6 records
Expansion highlights6 records
Spica Group competitors and assessment
Company assessmentDirect peers
- Page Industries: India's largest socks and innerwear manufacturer (Jockey licensee, Speedo licensee)—directly comparable on the high-quality socks manufacturing scale-up and vertical integration dimension of Spica's portfolio.
- Stretchline: UK-founded, globally operating narrow elastic and narrow fabric supplier serving intimate apparel, athleisure, and sportswear brands—closest comparable by product mix (knitted/woven elastics) and target customer base.
- Paiho Group: Taiwan-headquartered global leader in narrow fabrics, elastic webbing, jacquard elastics, and shoe components for athletic and intimate apparel brands—the largest direct competitor with overlapping narrow elastic and footwear tape portfolios.
- Bullion Elastic: Indian manufacturer of narrow woven and knitted elastic tapes, drawcords, and specialty textile trims—direct domestic competitor to Spica serving garment, footwear, and industrial customers from India.
Broad incumbents
- Hyosung TNC: Korean textile conglomerate and world's largest spandex/creora producer that supplies covered-elastomer yarns to the same narrow fabric and apparel value chain where Spica competes.
- Arvind Limited: Indian textile conglomerate operating in woven fabrics, knits, and trims—competes with Spica in fabric/elastics supplying domestic garment and global apparel brands from India operations.
- MAS Holdings: Sri Lankan apparel and textile manufacturer with fabric, elastic, and intimate-apparel-focused operations in South/Southeast Asia—comparable scope (narrow fabrics + apparel adjacencies) and similar geographic diversification strategy.
- Texhong Textile Group: Hong Kong-listed, vertically integrated yarn and textile fabric manufacturer with comparable dyed-yarn production scale and global apparel brand customers across Asia.
- Indorama Ventures: Thai global petrochemicals-to-yarn manufacturer producing polyester and value-added textile yarns—broad incumbent comparable on the yarn/dyeing scale dimension of Spica's business.
- Grasim Industries (Birla Cellulose): Indian Aditya Birla Group's textile and fiber subsidiary producing cellulosic fibers and yarns—overlaps with Spica's dyed-yarn business and supplies downstream textile mills including narrow-fabric converters.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Spica Group social profiles
Digital presenceSpica Group compliance and trust
Trust signalCompliance4 records
Spica Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
Spica Group leadership team
Management profileNumber of profiles
Profiles9 records
Spica Group subsidiaries and ownership
Company hierarchySubsidiaries1 record
Spica Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Spica Group M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Spica Group
What does Spica Group do?
Spica Group is a textile manufacturer and exporter specializing in narrow fabrics (knitted, woven, printed, and jacquard elastics, shoe tapes, and medical tapes), high-quality socks, and yarns (sewing thread, elastomer yarns, and dyed yarns). The company operates integrated manufacturing facilities in India (Pune) and Vietnam (Hanoi), producing 65 million pairs of socks, 1.5 billion yards of elastic, and 10 million pounds of dyed yarn annually for global garment, medical, footwear, and sportswear industries.
Is Spica Group a public or private company?
Spica Group is a private company. It is classified as family owned and is currently operating.
When was Spica Group founded?
Spica Group was founded in 1965. It employs 1,001 to 5,000 people.
Where is Spica Group based?
Spica Group is headquartered in Mumbai, India, in the Asia region.
How does Spica Group make money?
Three revenue lines are on record. Narrow Fabrics Manufacturing & Export is the primary driver. The others are high Quality Socks Production and yarns Production & Sales.
Who are Spica Group's main competitors?
Direct peers on record are Page Industries, Stretchline, Paiho Group and Bullion Elastic. Broad incumbents are Hyosung TNC, Arvind Limited, MAS Holdings, Texhong Textile Group, Indorama Ventures and Grasim Industries (Birla Cellulose).
Does Spica Group have an API?
No public API is recorded for Spica Group.
What industry is Spica Group in?
Spica Group's product category is Industrial Textile Manufacturing. Its primary akta.pro industry code is IMAOABAD, Narrow Fabrics & Webbings (Tapes/Ribbons/Straps), with a secondary code of IMAOALAG, Drawcords, Ribbons & Decorative Trims (Cords/Ribbons/Piping/Braids/Lace/Fringe). Its NAICS code is 313220 and its SIC code is 2200.