Swaraj Suiting

What Swaraj Suiting does

Swaraj Suiting Limited is a Bhilwara, Rajasthan-based textile manufacturer incorporated in 2003, listed on NSE and BSE Main Boards following a migration from NSE Emerge (SME Platform) in July 2026 after its 2022 IPO. The company operates a 125-loom weaving unit producing grey and finished cotton and synthetic fabric at an installed capacity of approximately 22 million meters per annum, primarily historically executed on a job-work basis for large textile processors such as Arvind Limited, which convert the company's grey fabric into denim. Core products are grey fabric, finished fabric, cotton fabric, synthetic fabric, and denim fabric, serving downstream home-textiles and bottom-wear (denim) manufacturers.

The business model combines one-time sales of manufactured fabric with professional-services-style job work manufacturing for major textile brands, priced on a quote-based B2B basis with no public pricing. Distribution is direct to enterprise customers — garment makers, home-textile producers, and textile processors — with no retail or consumer channels. The company is promoter-controlled by the Khan family, with Mohammed Sabir Khan as Chairman & Managing Director (25+ years of textile experience) and Nasir Khan and Samar Khan as Whole Time Directors.

Swaraj Suiting is executing a forward integration strategy via a denim fabric processing plant in Neemuch, Madhya Pradesh (~15 million meters per annum capacity, commercial production from July 2025) and a backward integration into yarn through a Spinning Unit in Madhya Pradesh (commercial production from March 2025). The strategic intent, per company disclosures, is to capture more of the textile supply chain, lower production costs, and lift operating margins beyond its legacy grey-fabric, job-work model. The expansion has been supported by IPO proceeds, a capital subsidy from MPIDC in September 2024, and a preferential issue of warrants approved by SEBI in January 2026.

Name

Swaraj Suiting

Legal name

Swaraj Suiting Limited

Website

https://swarajsuiting.com

Company type

Public

Founded year

2003

Operating status

Operating

Headcount range

101–250 employees

Short description

Swaraj Suiting Limited is a Bhilwara, Rajasthan-based textile manufacturer producing grey, finished, cotton, synthetic, and denim fabric via 125 looms, historically serving large job-work customers like Arvind Limited and now vertically integrating into denim processing and spinning in Madhya Pradesh.

Ownership category

akta.pro rank

Product category

Textile Manufacturing

NAICS

Broadwoven Fabric Mills (313210)

SIC

Broadwoven Fabric Mills, Cotton (2211), Broadwoven Fabric Mills, Man Made Fiber & Silk (2221)

akta.pro industry

PRIMARYIMAOACAI

Denim & Garment Wet Processing (Stone Wash/Acid Wash/Distressing)

Industrials, Manufacturing & Construction/Textiles, Apparel & Leather Manufacturing/Textile Finishing & Dyeing (Printing/Coating/Lamination)

Keywords

• Cotton fabric manufacturing
• Synthetic fabric weaving
• Grey fabric production
• Denim fabric processing
• Textile job work

Headquarters

HQ city

Bhilwara

HQ country

India

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Fabric Manufacturing & Sales: Production and sale of cotton and synthetic fabric to textile manufacturers and garment makers. Revenue generated through direct sales of manufactured fabric products.
2. Job Work Manufacturing: Manufacturing fabric products on job work basis for major market players like Arvind Limited, who convert the company's products into denim fabric. This provides steady revenue through service fees.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Swaraj Suiting Limited manufactures grey and finished cotton and synthetic fabric at its Bhilwara (Rajasthan) weaving unit, primarily used in home textiles and bottom wear. The company also performs job-work manufacturing for major textile brands such as Arvind Limited, which convert the grey fabric into denim. The company is forward-integrating into denim fabric processing via a new plant in Neemuch, Madhya Pradesh, with capacity of approximately 15 million meters of denim fabric per annum.

Product overview

Swaraj Suiting Limited is a textile manufacturing company with a single unified product portfolio focused on fabric production. The company operates a weaving unit in Bhilwara, Rajasthan producing grey and finished cotton & synthetic fabrics (22 million meters annual capacity), with an expansion project in Madhya Pradesh for denim fabric processing (15 million meters annual capacity). The core products—Grey Fabric, Finished Fabric, Cotton Fabric, Synthetic Fabric, and Denim Fabric—represent different stages and types within the same fabric manufacturing value chain. The company historically operated on a job-work basis for major players like Arvind Limited, who converted Swaraj's fabrics into denim, but is now vertically integrating into denim processing.

Differentiator

Problem solved

Functional benefit

Products and services

• Grey Fabric Grey (unfinished) fabric produced at the Bhilwara weaving unit, used as a base material for further processing into home textiles and bottom wear. Sold to textile processors and garment manufacturers.
• Finished Fabric Finished fabric processed from grey fabric, used in home textiles and bottom wear applications. Sold to textile manufacturers and garment makers.
• Cotton Fabric Cotton fabric manufactured at the Bhilwara weaving unit, primarily produced on job-work basis for major textile brands which convert it into denim and other downstream products.
• Synthetic Fabric Synthetic fabric manufactured at the Bhilwara weaving unit, sold to textile manufacturers and garment makers for downstream processing.
• Denim Fabric Denim fabric processed at the Neemuch (Madhya Pradesh) unit as forward integration of the company's grey fabric business. Sold to garment manufacturers and textile brands for bottom wear and apparel production.
• Job Work Manufacturing Contract manufacturing of cotton and synthetic fabric on job-work basis for major textile players who convert the fabric into denim or other finished products. Revenue is earned through service fees for manufacturing.

Quantifiable outcome

• ~22 million meters annual production capacity for cotton & synthetic fabric
• +1 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Scale indicators5 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Nitin Spinners Limited: Indian textile manufacturer focused on cotton yarn and knitted fabric. Comparable in mid-cap Indian cotton textile manufacturing and in serving home textile and apparel customers.
• Vardhman Textiles Limited: Vertically integrated Indian textile manufacturer with cotton yarn, fabric, and denim operations. Comparable in product portfolio (broadwoven cotton and synthetic fabrics) and in pursuing forward integration into denim and finished textiles.
• Nahar Spinning Mills Limited: Indian textile manufacturer with cotton yarn, fabric, and garment operations. Comparable in broadwoven cotton fabric manufacturing and in vertically integrated operations from spinning to fabric.
• Loyal Textile Mills Limited: Indian textile manufacturer with yarn, fabric, and garment operations. Comparable in integrated cotton textile manufacturing model and in serving apparel brands domestically and internationally.
• Trident Limited: Indian textile manufacturer with cotton yarn, terry towels, home textiles, and paper operations. Comparable in vertically integrated cotton textile manufacturing and exposure to home textile end markets.
• Sangam (India) Limited: Indian textile manufacturer with denim, suiting, and fabric operations. Directly comparable in product mix (denim and broadwoven fabrics) and in mid-cap Indian textile manufacturing scale similar to Swaraj's.
• Arvind Limited: Large Indian textile conglomerate with denim, shirting, and composite fabric manufacturing. Directly comparable to Swaraj as both its largest disclosed customer and a fabric manufacturer operating in the same broadwoven cotton/synthetic and denim categories.
• Bombay Dyeing & Manufacturing Company: Indian textile manufacturer producing cotton and blended fabrics. Comparable in broadwoven cotton fabric manufacturing and in serving home textile and apparel end markets in India.
• KPR Mill Limited: Integrated Indian textile player with yarn, fabric, and garment divisions producing cotton-based products. Comparable in vertically integrated textile manufacturing model and in serving the same downstream garment and home textile customer base.

Broad incumbents

• Raymond Limited: Large Indian textile and apparel conglomerate with fabric, suiting, and garment operations. Overlaps with Swaraj in broadwoven fabric manufacturing but operates at significantly larger scale and broader scope as an incumbent.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 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 Swaraj Suiting