Indo Rama Synthetics

What Indo Rama Synthetics does

Indo Rama Synthetics (India) Limited is a publicly listed polyester manufacturer (NSE: INDORAMA; BSE: 500207), incorporated in 1986 and headquartered in Gurugram, with its registered office and 250-acre integrated manufacturing complex at Butibori near Nagpur, Maharashtra. The company is part of the diversified Indorama Group with broader presence in Indonesia, Thailand, the USA, Nepal and Sri Lanka. Indo Rama operates India's largest dedicated single-location polyester manufacturing facility, with a 6 lakh tonne per annum production capacity, and is supported by 71.08 MW of captive power generation (40 MW coal-based cogeneration plus 31.08 MW DG sets).

The company's product portfolio covers the full polyester value chain: Polyester Chips (the upstream intermediate), Partially Oriented Yarn (POY), Fully Drawn Yarn (FDY), Draw Texturised Yarn (DTY) and Polyester Staple Fibre (PSF). Manufacturing relies on continuous polymerisation of Purified Terephthalic Acid (PTA) and Mono Ethylene Glycol (MEG), melt spinning, draw-texturising, and computer-controlled denier and draw-force testing. Technical collaborations with Dupont (USA), Toyobo (Japan) and Zimmer AG (Germany), together with ISO 9001, ISO 14001, OEKO-TEX and REACH certifications, underpin product quality and export-grade compliance.

Indo Rama generates revenue primarily through direct B2B sales of polyester products to textile spinning mills, downstream processors and international textile buyers, distributed via five marketing offices in Coimbatore, Ludhiana, Mumbai, Panipat and Gurugram plus overseas channels into Asia, Europe, Africa and the Americas. Reported FY2026 sales were Rs 4,910.06 crore (+15.29% YoY) with net profit of Rs 150.21 crore. The customer base is broad and undifferentiated, anchored by long-standing textile mill relationships, and the company has recently expanded into sustainable polymers and specialty yarns through wholly-owned subsidiaries.

Name

Indo Rama Synthetics

Legal name

Indo Rama Synthetics (India) Limited

Website

https://indoramaindia.com

Company type

Public

Founded year

1986

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Indo Rama Synthetics (India) Limited is a publicly listed polyester manufacturer operating India's largest dedicated single-location facility at Butibori, producing PSF, POY, FDY, DTY and Polyester Chips for textile spinning mills, downstream processors and international buyers.

Ownership category

akta.pro rank

Product category

Polyester Manufacturing

NAICS

Artificial and Synthetic Fibers and Filaments Manufacturing (32522), Fiber, Yarn, and Thread Mills (31311)

SIC

Textile Mill Products (2200)

akta.pro primary industry

Man-Made Fiber Manufacturing (Polyester/Nylon/Acrylic/Viscose) (IMAOAAAB)

akta.pro secondary industry

Polyesters & PET Chain (PTA, MEG, PET) (IMAEADAG)

Keywords

• Polyester manufacturing
• Polyester staple fibre
• Polyester yarn production
• Continuous polymerization
• Captive power generation

Headquarters

HQ city

Gurugram

HQ country

India

HQ region

Asia

Offices6 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Polyester Products Sales: The company generates revenue primarily from manufacturing and selling polyester products including Polyester Staple Fibre (PSF), Partially Oriented Yarn (POY), Fully Drawn Yarn (FDY), Draw Texturised Yarn (DTY), and Polyester Chips. Products are sold to domestic and international customers in textile and manufacturing industries.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels3 records

Core offering

Indo Rama Synthetics manufactures and supplies a complete range of polyester products from its 6 lakh tonne per annum integrated complex at Butibori, Nagpur. The portfolio comprises Polyester Staple Fibre (PSF), Partially Oriented Yarn (POY), Fully Drawn Yarn (FDY), Draw Texturised Yarn (DTY) and Polyester Chips, produced through continuous polymerization of PTA and MEG and supplied to textile manufacturers and downstream processors in India and overseas.

Product overview

Indo Rama Synthetics is a polyester manufacturer offering a portfolio of five core products: Polyester Staple Fibre (PSF), Partially Oriented Yarn (POY), Fully Drawn Yarn (FDY), Draw Texturised Yarn (DTY), and Polyester Chips. The company also has a power generation segment with 71.08 MW installed capacity. The product portfolio follows an integrated manufacturing model where Polyester Chips serve as the foundational intermediate material, which is then further processed into POY, which in turn feeds into FDY and DTY production. PSF represents the staple fibre product line. The company operates a single-location integrated manufacturing complex at Butibori, near Nagpur in Maharashtra.

Differentiator

Problem solved

Functional benefit

Products and services

• Polyester Staple Fibre (PSF) Polyester Staple Fibre made by melt-spinning PTA and MEG polymer into tow, then drawing, crimping and cutting into fixed lengths similar to cotton fibres. Used by spinning mills and textile manufacturers for yarn production. Available in deniers 0.8D through 2.0D with superior spin-finish application ensuring smoother downstream processing.
• Partially Oriented Yarn (POY) POY produced by continuous polymerization of polyester melt extruded through spinnerets and cooled in quench chambers, with finish application and interlace for high-speed processing. Used as feedstock for further texturising into DTY and for downstream textile applications.
• Fully Drawn Yarn (FDY) FDY produced at higher spinning speeds with intermediate drawing integrated in the process, allowing stabilisation through orientation and crystallisation. Suitable for direct twisting, warping and weaving with higher package weights. Used by textile manufacturers for fabric production.
• Draw Texturised Yarn (DTY) DTY is a fully drawn, fully oriented polyester multifilament yarn with soft crimp, high bulk and texture with cotton feel. Manufactured by texturising partially oriented yarn using texturising machines, used for fabric end uses such as garments and furnishings.
• Polyester Chips Polyester chips produced in a continuous polyester polymerization plant with uniform chemical and physical properties. The molten polymer is cast, cooled, cut into chips, dried and classified before storage. Used as a foundational intermediate material for further processing into filaments, yarns and downstream textile products.
• Captive Power Generation Captive power generation through 71.08 MW installed capacity (40 MW STG coal-based cogeneration plus 31.08 MW DG sets furnace oil-based) supplying internal power needs of the Butibori manufacturing complex to ensure production reliability and cost competitiveness.

Quantifiable outcome

• Reduced specific water consumption by 24.5% over the last four years
• +2 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Four partnerships are on record, tiered minor and core.

• Tata Power Renewable Energy LimitedminorOthers · 20 May 2016Indo Rama disposed of its 30 MW Wind Project (wholly-owned subsidiary) to Tata Power Renewable Energy Limited through a Share Purchase Agreement signed on March 9, 2016.
• Dupont (USA)coreTechnology or IntegrationTechnical collaboration with Dupont of USA for polyester manufacturing technology and expertise.
• Toyobo (Japan)coreTechnology or IntegrationTechnical collaboration with Toyobo of Japan for polyester manufacturing technology. PSF manufactured under license from Toyobo.
• Zimmer AG (Germany)coreTechnology or IntegrationTechnical collaboration with Zimmer AG of Germany for polyester manufacturing technology and equipment.

Scale indicators10 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Century Enka: Indian manufacturer of polyester/nylon filament yarn and nylon tyre cord fabric. Directly comparable in PFY/yarn production for the Indian textile industry.
• Filatex India: Indian manufacturer of polyester yarn (PFY), PSF and PET resin with integrated manufacturing. Direct competitor in PSF and PFY yarn categories across the Indian textile market.
• Wellknown Polyesters: Indian polyester yarn manufacturer producing PFY (POY/FDY/DTY) and PSF. Direct competitor in the domestic polyester filament and staple fibre market.
• Sanathan Textiles: Indian polyester yarn manufacturer with integrated PSF and PFY capacity, serving textile and industrial markets. Overlaps in PSF/POY/DTY production and Indian customer base.
• Shubhalakshmi Polyester: Indian polyester yarn manufacturer producing POY, FDY and DTY for textile and technical applications. Comparable product portfolio and target customers.
• Reliance Industries (Polyester & PET): India's largest polyester/PET producer through its Oil-to-Chemicals and Polyester Chain, producing PFY, PSF, PET resin and intermediates. Directly comparable as a domestic competitor across PSF, POY, FDY and Polyester Chips.

Broad incumbents

• Indorama Ventures: Indo Rama's parent group and the world's largest PET and polyester producer; operates an integrated PTA-PET-yarn value chain globally. Comparable as the dominant industry incumbent and technology benchmark.

Emerging players

• SASA Polyester: Indian polyester yarn and specialty yarn manufacturer with growing capacity in POY/DTY. Emerging competitor in Indian polyester filament yarn segments.

Regional players

• Thai Polyester Company: Thailand-based polyester yarn manufacturer producing PFY for domestic and export markets. Comparable product offering in the regional polyester value chain.

Others

• Zhonglu Group: Chinese polyester manufacturer producing PSF, PFY and PET resin at scale. Comparable in product portfolio and manufacturing process, though operating from a different geography.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/indo-rama-retail-holdings-pvt-ltd-

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries4 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 Indo Rama Synthetics