What Bhilwara Technical Textiles Lt does

Bhilwara Technical Textiles Limited (BTTL) is a publicly listed Indian technical textile manufacturer (BSE: BTTL) incorporated in 2007 pursuant to a scheme of de-merger of the Strategic Investment Division of RSWM Ltd., part of the LNJ Bhilwara group. The company manufactures and supplies automotive fabrics, home furnishing fabrics, made-ups, and apparels using cotton, nylon, silk, polyester, acrylic and other fibers, operating from a corporate office in Noida and a registered office in Banswara, Rajasthan. Its business model is B2B direct sales to manufacturers in automotive and home furnishing industries, with claimed global export reach, though actual international revenue is not separately disclosed.

The company has 11-50 employees and reports single-segment textile operations. Recent quarterly results show sharp top-line growth off a small base — Q3 FY26 sales rose 207.14% YoY to ₹8.60 crore and Q4 FY26 sales rose 413.91% YoY to ₹7.76 crore — but full-year FY26 swung to a net loss of ₹11.22 crore versus a net profit of ₹7.30 crore the prior year, with a negative ROCE of -1.50% and 91.4% of shareholder funds allocated to investment assets rather than manufacturing capacity. A related party transaction with Maral Overseas Limited, valued at up to ₹8.04 crore and approved on 29 March 2026, represents approximately 98.10% of consolidated turnover, indicating near-total customer concentration on a financially distressed group entity (Maral reported a standalone net loss of ₹24.20 crore for FY24-25 with a 3.44 debt-to-equity ratio). Governance is family-influenced, with Shri Shekhar Agarwal as Managing Director and Shri Shantanu Agarwal as Director, alongside independent directors appointed in 2021, 2023, and 2025.

Name

Bhilwara Technical Textiles Lt

Legal name

Bhilwara Technical Textiles Limited

Website

https://bttl.co.in

Company type

Public

Founded year

2007

Operating status

Operating

Headcount range

11–50 employees

Short description

Bhilwara Technical Textiles Limited is a publicly listed Indian manufacturer of technical textiles producing automotive fabrics, home furnishing fabrics, made-ups, and apparels for B2B customers, operating as a de-merged entity of RSWM Ltd. within the LNJ Bhilwara group.

Ownership category

akta.pro rank

Product category

Technical Textiles

NAICS

Textile Mills (313), Other Textile Product Mills (3149), Broadwoven Fabric Mills (31321)

SIC

Textile Mill Products (2200), Broadwoven Fabric Mills, Man Made Fiber & Silk (2221), Apparel & Other Finishd Prods Of Fabrics & Similar Matl (2300)

akta.pro primary industry

Technical Fabric Mills (Performance/Protective/Medical Substrates) (IMAOABAH)

akta.pro secondary industries

Nonwoven & Technical Fabrics (CRAAAMAD), Knitted Fabric Mills (IMAOABAB), Nonwoven Fabric Mills (Spunbond/Meltblown/Needle-punched) (IMAOABAC)

Keywords

• Technical textiles
• Automotive fabrics
• Home furnishing fabrics
• Made-ups manufacturing
• Apparel fabrics

Headquarters

HQ city

Noida

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

Distribution channels1 record

Marketing channels1 record

Core offering

Bhilwara Technical Textiles Limited (BTTL) manufactures and supplies technical textiles including automotive fabrics, home furnishing fabrics, made-ups, and apparel products. The company produces these items from cotton, nylon, silk, polyester, acrylic, and other fibers for industrial and consumer end-use markets, and exports technical textiles globally.

Product overview

Bhilwara Technical Textiles Limited (BTTL) is a manufacturer of technical textiles operating under a de-merger from RSWM Ltd.'s Strategic Investment Division. The company produces a portfolio of textile products including automotive fabrics, home furnishing fabrics, made-ups, and apparels, manufactured using cotton, nylon, silk, polyester, acrylic, and other fibers. BTTL operates as a single-segment textile manufacturing company with a focus on quality and innovation in technical textile solutions for diverse industries.

Differentiator

Problem solved

Functional benefit

Products and services

• Automotive Fabrics

Segments3 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

One partnership is on record.

• Maral Overseas LimitedminorOthers · 29 March 2026Related party transaction approved by shareholders (99.53% yes vote) valued at up to ₹8.04 crore. Transaction represents approximately 98.10% of BTTL's consolidated turnover. Maral Overseas has financial challenges including standalone net loss of ₹24.20 crore for FY24-25 and high debt-to-equity ratio of 3.44, raising dependency concerns.

Scale indicators9 records

Recent moves6 records

Expansion highlights3 records

Broad incumbents

• SRF Limited: A diversified Indian conglomerate with a technical textiles business segment producing coated fabrics, tyre cord, and industrial textiles. Comparable as a technical textiles player serving automotive and industrial end-uses, though at much larger scale and broader portfolio.
• Welspun Living Limited: A leading Indian home textiles company producing towels, bed linen, and flooring. Comparable on the home-furnishing/made-ups side of BTTL's portfolio, though it operates at vastly greater scale with global retail customers.
• Trident Limited: A large Indian textile manufacturer with home textiles (towels, bed linen), yarn, and paper divisions. Comparable on home-furnishing fabric manufacturing and yarn-to-fabric integration, though at substantially larger scale and broader product mix.
• KPR Mill Limited: An integrated Indian textile manufacturer producing yarn, knitted fabrics, and garments. Comparable as a fabric-and-apparel manufacturer with similar fiber-mix breadth (cotton, synthetics) and export orientation.
• Vardhman Textiles Limited: One of India's largest integrated textile manufacturers producing yarn, fabric, and made-ups including home textiles. Comparable as a broad incumbent operating across the same textile value chain as BTTL but at significantly larger scale.
• Indo Count Industries Limited: An India-listed home textiles manufacturer specializing in bed linen and sheets for global retail. Comparable on the home-furnishing textile side of BTTL's business and on export-driven customer model.

Direct peers

• RSWM Limited: BTTL's parent company and the entity from which BTTL was de-merged in 2007. RSWM manufactures yarn, denim, and technical textiles, making it a directly comparable peer for product portfolio and customer base.
• Maral Overseas Limited: A related-party textile manufacturer under the LNJ Bhilwara group producing yarn, knitted and woven fabrics. It is BTTL's largest counterparty (~98% of consolidated turnover) and the most directly comparable peer in terms of product mix and group affiliation.
• Garware Technical Fibres Limited: An India-listed manufacturer specializing in technical textiles for fishing, agriculture, aquaculture, and industrial applications. Comparable as a focused technical textile manufacturer serving niche industrial end-markets with similar R&D-driven positioning.

Emerging players

• Fiberweb India Limited: An India-listed manufacturer of nonwoven technical fabrics used in industrial and consumer applications. Comparable as a smaller, focused technical textiles peer with similar product positioning in nonwoven/industrial substrates.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks7 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 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 Bhilwara Technical Textiles Lt