Laxmi Cotspin

What Laxmi Cotspin does

Laxmi Cotspin Limited is a publicly listed Indian textile manufacturer (NSE: LAXMICOT) founded on October 19, 2005 as a joint venture between Rajuri Steel Pvt. Ltd. and Vikram Tea (Bhaishree Group). The company operates a single, backward-integrated facility in Samangaon, Jalna, Maharashtra, strategically placed in the Marathwada & Vidharbha region, which accounts for approximately 75% of Maharashtra's raw cotton production. Roughly 251–500 employees run ginning, pressing, spinning, and technical textile operations across the same premise, supported by a network of 4,000+ dedicated farmers.

The product portfolio spans ring-spun, open-end, and TFO cotton yarns (counts Ne 16s–40s), cotton bales (including BCI and organic certified varieties), cotton oil by-products (oil cake, wash oil, oil sediment), and a higher-margin Meditech line of absorbent cotton and medical textiles manufactured under GMP, ISO 13485, CE, and EU MDR licenses. Quality control is built around Statex CSP, RKM Strength Tester, USTER UT5 Evenness Tester, and Black Board Yarn Appearance Tester equipment. The company holds a broad certification stack — GOTS, GRS, OCS, BCI, OEKO-TEX, ISO 13485, ISO 14001, GMP, EU MDR, and the GOI Star Export House designation — that allows it to serve both commodity spinning-mill customers and certified sustainable/medical buyers.

Laxmi Cotspin sells primarily through direct B2B sales to domestic spinning mills and weaving factories, and exports globally (with named activity in China via Intertextile Yarn Expo, Shanghai 2018). Pricing is quote-based across all product lines. Revenue is reported at approximately $1.50B in fiscal 2025, with the customer base split across spinning/weaving, healthcare/medical textile, and animal-feed/industrial by-product segments. The company has two wholly-owned subsidiaries — Laxmi Spintex and Laxmi Surgical — that extend its spinning and surgical products footprint.

Name

Laxmi Cotspin

Legal name

Laxmi Cotspin Limited

Website

https://laxmicotspin.com

Company type

Public

Founded year

2005

Operating status

Operating

Headcount range

251–500 employees

Short description

Laxmi Cotspin Limited is an Indian cotton textile manufacturer (NSE: LAXMICOT) producing cotton yarns, cotton bales, oil by-products, and medical textiles. The company serves domestic spinning mills, weaving factories, and healthcare buyers via a single backward-integrated facility in Jalna, Maharashtra.

Ownership category

akta.pro rank

Headquarters

HQ city

Jalna

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Cotton Yarn Sales: Manufacturing and sale of 100% pure Cotton Combed Hosiery and warp yarn in count range Ne 30s-40, also open end yarn Ne 16s-20s OE and TFO twisted yarn. Sold to domestic and international weaving/spinning customers.
2. Cotton Bales Sales: Sale of 100% cotton bales (28-32 mm range) to spinning mills.
3. Cotton Oil By-Products: Sale of oil cake (animal feed supplement), wash oil (cleaning/maintenance), and oil sediment (industrial byproduct) from cottonseed processing.
4. Medical Textiles (Technical Textile): Premium quality absorbent cotton and other medical textiles sold to healthcare industry.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Laxmi Cotspin Limited manufactures and supplies 100% pure cotton combed hosiery and warp yarn (Ne 30s-40), open-end yarn (Ne 16s-20s OE), TFO twisted yarn, and 100% cotton bales (28-32 mm, including BCI and Organic-certified varieties). The company also produces cottonseed by-products (oil cake, wash oil, oil sediment) and, through its Technical Textile (Meditech) division, premium absorbent cotton and other medical-grade textiles for the healthcare industry, all from a backward-integrated ginning-pressing-spinning facility in Samangaon, Jalna, Maharashtra.

Product overview

Laxmi Cotspin Limited is a cotton manufacturing and supplier operating as a joint venture between Rajuri Steel Pvt. Ltd. and Vikram Tea (Bhaishree Group), established on 19th October 2005. The company's product portfolio centers on three core categories: (1) Yarns — ring-spun, open-end, and TFO cotton yarns in counts Ne 16s-40s for weaving; (2) Cotton Bales — raw cotton bales including BCI and Organic-certified varieties; and (3) Oil Mill By-products — cottonseed oil cakes, wash oil, and sediment. Backward-integrated operations span ginning, pressing, spinning, and technical textile (medical device) production at a single Samangaon, Jalna facility.

Differentiator

Problem solved

Functional benefit

Products and services

• Ring-Spun Cotton Yarns 100% combed-grade cotton ring-spun yarns in Ne 30s-40s count range, available in standard, Lycra-blend, slub, and compact variants for weaving applications. Sold to spinning mills and weaving factories.
• Open-End Cotton Yarns Open-end carded cotton yarns in Ne 16s-20s range, supplied for weaving applications.
• TFO Twisted Cotton Yarns Two-for-one twisted (TFO) yarns in 100% combed grade, Ne 30s-32s count, suitable for compact weaving applications.
• Cotton Bales 100% cotton bales in 28-32 mm length range supplied to spinning mills. Available in standard, BCI-certified, and Organic-certified varieties for sustainable textile production.
• Cottonseed Oil By-Products By-products of cottonseed processing including oil cakes (nutrient-rich animal feed supplement), wash oil (for cleaning and maintenance), and oil sediment (industrial by-product). Sold to animal feed and industrial buyers.
• Medical Absorbent Cotton & Technical Textiles (Meditech) Medical-grade absorbent cotton and other medical textiles manufactured under GMP, ISO 13485, and EU MDR medical device manufacturing licenses. Sold to healthcare industry buyers including hospitals and medical device distributors.

Quantifiable outcome

• Backward integration reduces time consumption and freight savings, making cotton products competitively priced
• +1 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Nine partnerships are on record, tiered minor, core and flagship.

• Messe FrankfurtminorGTM or Marketing Partner · 15 October 2018Laxmi Cotspin participated in Intertextile Yarn Expo held in Shanghai, China from October 15-17, 2018, organized by Messe Frankfurt, showcasing their cotton yarn and cotton bale products to international buyers.
• Texprocil (The Cotton Textiles Export Promotion Council)minorGTM or Marketing Partner · 15 October 2018Texprocil, Mumbai, invited Laxmi Cotspin to participate in Intertextile Yarn Expo in Shanghai, China (October 2018). The export promotion council supports Indian cotton textile exporters in international market access.
• Cotton Association of India (CAI)minorGTM or Marketing Partner · 5 October 2018Laxmi Cotspin was a sponsor at the 2nd Domestic Conference of Cotton Association of India held in Aurangabad. Managing Director Mr. Sanjay Rathi participated in a panel discussion on HVI testing, classing, standard packaging of bales and CAI standards.
• Maharashtra Private Spinning Mill AssociationminorGTM or Marketing Partner · 5 October 2018Jointly organized Cotton India 2018 conference with CAI in Aurangabad. Laxmi Cotspin was a sponsor and Managing Director Mr. Sanjay Rathi participated in panel discussions.
• IKEAcoreStrategic or Co-development Partner · 1 January 2017IKEA recognizes Laxmi Cotspin's dedication towards delivering high-quality BCI cotton and products. Laxmi Cotspin participates in the IKEA CMSS (IKEA Cotton Must be Sustainable Sourced) initiative, supporting IKEA's commitment that all cotton used in its products comes from more sustainable sources using less water, chemical fertilizers, and pesticides.
• Rajuri Steel Pvt LtdflagshipStrategic or Co-development Partner · 19 October 2005Rajuri Steel Pvt Ltd, India's premier producer of high-strength quenched steel bars and wires (leading TMT bar producer since 1995), is one of the two parent companies of Laxmi Cotspin Ltd. Along with Vikram Tea (Bhaishree Group), Rajuri Steel recognized an opportunity in the cotton industry and invested in the cotton spinning mill, giving birth to Laxmi Cotspin Ltd. on 19th October 2005.
• Vikram Tea (Bhaishree Group)flagshipStrategic or Co-development Partner · 19 October 2005Vikram Tea, a division of Vikram Tea Processor Pvt Ltd, dedicated to delivering exquisite tea experiences since 1975. Renowned for handpicking the finest Assam tea leaves. Along with Rajuri Steel, Vikram Tea (Bhaishree Group) invested in the cotton spinning mill, giving birth to Laxmi Cotspin Ltd. on 19th October 2005.
• World Wide Farming (WWF) IndiacoreStrategic or Co-development PartnerLaxmi Cotspin collaborates with WWF India and Krushi Vidnyan Kendra (KVK) Jalna to evolve sustainable cotton farming practices. The collaboration contributes towards environmentally friendly cotton production through BCI certified cotton sourcing from local farmers.
• Krushi Vidnyan Kendra (KVK) JalnacoreStrategic or Co-development PartnerCollaboration with KVK Jalna alongside WWF India for developing sustainable cotton farming practices. The partnership enables sourcing of BCI certified cotton from local farmers and supports environmentally friendly cotton production.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Sangam India: Indian integrated textile manufacturer producing cotton and synthetic yarn, with denim and garments downstream — comparable scale and customer base in the Indian spinning sector.
• Vardhman Textiles: Large Indian cotton yarn and fabric manufacturer with vertically integrated spinning operations and a broad customer base across domestic and export markets — directly comparable business model to Laxmi Cotspin's yarn and bale portfolio.
• Nahar Spinning Mills: Indian cotton and blended yarn spinner with integrated operations and export focus; closely comparable yarn-count range and B2B customer profile to Laxmi Cotspin.
• Filatex India: Indian manufacturer of cotton and synthetic yarn, including specialty and technical yarn variants; directly comparable mid-cap Indian spinning peer serving domestic weaving and export customers.
• Trident Limited: Indian integrated textile manufacturer producing cotton yarn, terry towels, and home textiles with significant export operations; comparable scale and vertical-integration profile to Laxmi Cotspin.
• Sutlej Textiles and Industries: Indian yarn and fabric manufacturer with cotton and synthetic spinning capacity; comparable mid-cap Indian peer with overlapping yarn product lines and export channels.

Broad incumbents

• Birla Cellulose (Aditya Birla Group): Major Indian fibre and yarn manufacturer producing viscose, cotton-blended, and specialty yarns globally; broader fibre focus but overlapping yarn customers and comparable Indian export footprint.
• Arvind Limited: Large Indian textile conglomerate spanning denim, woven fabrics, and technical textiles with global brands; broader portfolio but overlaps with Laxmi Cotspin in cotton-spinning inputs and technical-textile ambitions.
• Welspun Living: Large Indian home-textiles manufacturer with significant cotton yarn requirements and global retail relationships; adjacent incumbent that consumes similar yarn inputs and operates in overlapping export channels.

Emerging players

• Indo Count Industries: Indian cotton yarn and home-textiles manufacturer with strong export focus; comparable cotton-spinning operations but a more downstream-tilted portfolio than Laxmi Cotspin.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/LaxmiCotspin
• Facebookfacebook.com/laxmicotspin

Compliance12 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries2 records

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 Laxmi Cotspin