What Pashupati Group does

Pashupati Group is a vertically integrated textile conglomerate founded in 1997 and headquartered in Ahmedabad, Gujarat, India. The group operates a "Farm to Fabric" production model that spans the full cotton value chain: ginning, oil milling, spinning (cotton and blended yarn), TFO (twisted folded yarn), weaving, sizing, and warping. Its flagship listed entity, Pashupati Cotspin Ltd (listed on the NSE in 2017), operates with an annual production capacity of 40,000 MT of cotton bales, 10,950 MT of yarn, and 10 million meters of fabric. The group exports to 35 countries and is led by founder Saurin J Parikh as Chairman and Managing Director.

Beyond its textile core, Pashupati has diversified into adjacent verticals: pharmaceuticals via Uniza Group (acquired/integrated in 2020, ~800 employees), hospitality via Hotel Welcome (2018), and a warehousing business. The group reports consolidated turnover exceeding Rs. 1,000 crore (~$150M USD) and employs more than 2,000 people across businesses. It holds sustainability certifications including BCI (member since 2010), GOTS, GRS, and supplier compliance with IKEA and Primark PSCP standards, and operates 17.6MW of captive renewable energy capacity.

The group's revenue mechanics are split across B2B yarn and fabric sales to branded textile customers (Ashima, Birla, Raymond, Arvind), pharmaceutical formulation and distribution via Uniza, hospitality revenue from Hotel Welcome, and warehousing rentals to industrial clients (Comfort Trims, Kansai Nerolac, Nihon Parkerizing, 3T Logistics, Hitech Engineers, Star Agri). Quality control is supported by HVI, AFIS, and Uster testing instrumentation across the textile operations.

Name

Pashupati Group

Legal name

Pashupati Cotspin Limited

Website

https://pashupatigroup.in

Company type

Public

Founded year

1997

Operating status

Operating

Headcount range

11–50 employees

Short description

Pashupati Group is a vertically integrated Indian textile conglomerate (Ahmedabad, founded 1997) producing cotton yarn, fabric, and bales, with diversified operations in pharmaceuticals, hospitality, and warehousing, serving branded textile manufacturers and industrial clients globally.

Ownership category

akta.pro rank

Product category

Textile Manufacturing

NAICS

Broadwoven Fabric Mills (313210), Broadwoven Fabric Mills (31321), Fiber, Yarn, and Thread Mills (3131), All Other Textile Product Mills (31499)

SIC

Broadwoven Fabric Mills, Cotton (2211), Textile Mill Products (2200), Miscellaneous Fabricated Textile Products (2390)

akta.pro primary industry

Greige Woven Fabric Mills (IMAOABAA)

akta.pro secondary industry

Apparel Dyeing, Printing, Finishing & Laundries (CRAAAAAM)

Keywords

• Cotton textile manufacturing
• Yarn spinning
• Greige fabric production
• Pharmaceutical distribution
• Warehouse logistics services

Headquarters

HQ city

Ahmedabad

HQ country

India

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Textile Products Manufacturing and Sales: Core revenue from manufacturing and sale of cotton bales, cotton yarn (single/double), greige fabric, finished fabric, yarn beams, cotton seed, cotton cake, cotton linters, and wash oil. Vertically integrated operations from ginning to weaving.
2. International Exports: Exports textile products to 35 countries across the globe including Bangladesh, S Korea, Thailand, Vietnam, Indonesia, Oman, Hong Kong, China, Europe, Israel.
3. Warehousing and Logistics: State-of-the-art warehouse facilities spanning 3,50,000 sq.ft. serving manufacturing, assembly, storage, and logistical requirements for third-party clients.
4. Hospitality Services: Hotel Welcome property offering rooms, banquets, and restaurants.
5. Pharmaceutical Products (Uniza): Uniza Group venture in pharmaceutical sector with domestic (Uniza Healthcare LLP) and international (Uniza Lifecare Private Limited) operations.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Pashupati Group is a vertically integrated textile manufacturer operating a Farm to Fabric model spanning ginning, oil mill, spinning, TFO (Two-for-One twisting), weaving, sizing, and warping. The group manufactures cotton bales, cotton yarn (single and double), greige and finished fabrics, yarn beams, and by-products (cotton seed, cotton cake, cotton linter, wash oil). Beyond textiles, the group runs a warehousing business (3,50,000 sq.ft.), a hospitality venture (Hotel Welcome), and a pharmaceutical division (Uniza).

Product overview

Pashupati Group operates a vertically integrated textile business under the Farm to Fabric concept. The group's core textile operations span: Ginning (112 Double Roller Gins, 2.5 Lakh Cotton Bales/40,000MT annual capacity), Oil Mill (24 expellers, 27,000 MT Cotton Seed Cake annually), Spinning (37,000 spindles producing 10,950 tons cotton yarn annually, Ne 20s to 40s), TFO (10 machines, 2,482 MT annually for double yarn Ne 2/20 to 2/40), Weaving (48 E-Shed looms, 10 Million Meters annually, plus Dobby weave machines up to 16 shaft), and Sizing/Warping services. The group produces Cotton Bales, Cotton Yarn (Single/Double), Greige Fabric, Finish Fabric, Yarn Beams, and by-products including Cotton Seed, Cotton Cake, Cotton Linter, and Wash Oil. Additionally, the group has diversified into pharmaceuticals (Uniza Healthcare/Lifecare), hospitality (Hotel Welcome), logistics (Pashupati Warehouse), and CSR initiatives (Pashupati Healthcare Foundation). The flagship company Pashupati Cotspin Ltd is listed on NSE, exports to 35 countries, and operates 350,000 sq.ft of warehouses with 17.6MW green energy capacity.

Differentiator

Problem solved

Functional benefit

Products and services

• Cotton Bales Raw cotton bales with staple length 27.5mm to 30.5mm, MIC 3.5 to 4.9, and strength G/Tex (ICC): 21-23, GPT (HVI): 27-29. Certified under BCI, Organic, PSCP, GRS, and IKEA. Annual capacity of 2.5 Lakh bales (40,000 MT) from 112 Double Roller Gins.
• Cotton Yarn Single / Double Single yarn (Ne 12s to 42s in Compact, Combed, Carded, Lycra, Eli Twist variants for weaving/knitting) and double yarn (Ne 2/20 to 2/40). Manufacturing capacity of 37,000+ spindles and 10+ TFOs producing 10,950 tons annually. Certified BCI, Organic, GRS, IKEA.
• Greige Fabric Woven greige fabric on Toyota E-Shed looms including Poplin, Twill, Satin, Pique Cord, Cambric, Oxford, Herring-Bone, Pinpoint Oxford, Plain, Drill, Rib stop, Percale, Seer Sucker, Cotton/Lycra, Guaze, Canvas, and Matt. Annual capacity of 10 Million Meters. Exports to Bangladesh, S Korea, Thailand, Vietnam, Indonesia, Oman, Hong Kong, China, Europe, Israel. Certified BCI, Organic, PSCP, GRS, IKEA.
• Finish Fabric Finished woven fabrics including Suitings (100% Poly, PV, Polywool, 100% Cotton, PC blended with/without lycra, Teflon coatings, FR treatments) and Shirtings (100% Poly, PC, PV, Linen blends, Checks, Stripes with/without lycra). Includes Polywool and Pure Wool suitings. Widths range from 48" to 82". Certified BCI, Organic, PSCP, GRS, IKEA.
• Yarn Beam Yarn beams for weaving including 30s and 40s compact and 40/2 eli twist. Produced via direct warping and sectional warping. Annual capacity of 2,100 MT. Certified BCI, Organic, PSCP, GRS, IKEA.
• Cotton Seed Cotton seed as a by-product from ginning operations. Annual production of 37,000 MT.
• Cotton Cake Cotton cake produced from oil extraction process using 24 expellers. Annual production of 27,000 MT.
• Cotton Linter Cotton linter from delinting process using 6 delinting machines. Annual production of 1,600 MT. Available in Conventional, BCI, and Organic variants.
• Wash Oil Wash oil by-product from cotton processing. Annual production of 3,000 MT.
• Pashupati Warehouse Modern warehouses spanning 3.5 lakh sq.ft. (40,000 MT capacity) with CC flooring, rodent/snake proof construction, forklift and conveyor belt facilities, 80-ton weighbridge, and 4 lakh litres water storage. Serves industrial and agricultural commodities clients.
• Uniza Healthcare (Pharmaceuticals) Pharmaceutical venture with domestic operations (Uniza Healthcare LLP) and international operations and manufacturing (Uniza Lifecare Private Limited). Includes partnership with Generic Aadhaar for affordable medicines in India and US-tied innovative product launches. 800+ employees.
• Hotel Welcome Hospitality venture offering hotel accommodations with modern rooms, banquets, conference halls, and restaurants. Located in Kadi area, Gujarat.
• Eli Twist and Lycra Yarn Specialty yarn variants including Eli Twist and Lycra blended yarns for enhanced fabric properties. Certified Organic, OCS, GRS, BCI.

Quantifiable outcome

• 36 Million+ green units generated annually from renewable energy
• +3 more outcomes

Named customers10 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Seven partnerships are on record, tiered core.

• Generic AadhaarcoreStrategic or Co-development Partner · 13 September 2022Uniza and Generic Aadhaar partnership announced in September 2022 with a vision to expand coverage of affordable medicines for the masses in India. This represents Uniza Healthcare's distribution expansion strategy.
• Primark Sustainable Cotton Program (PSCP)coreOthers · 1 January 2022Registered in Primark Sustainable Cotton Program since 2022, enabling supply of sustainable cotton to Primark and its supplier network.
• Small Farmers Agribusiness Consortium (SFAC)coreOthers · 1 January 2022Pashupati Cotspin Ltd empanelled as Cluster Based Business Organization (CBBO) during 2022-23 by SFAC (Society promoted by Department of Agriculture, Cooperation and Farmers Welfare, Ministry of Agriculture and Farmers Welfare, Govt. of India) for FPO formation and promotion under the 10,000 FPO scheme.
• USA Companies (unnamed)coreStrategic or Co-development Partner · 3 August 2021Uniza Group tied up with USA companies for launching innovative products for Indian markets in August 2021. Focus on bringing US pharmaceutical innovations to Indian consumers.
• Better Cotton Initiative (BCI)coreOthers · 1 January 2010Pashupati Group is a proud member of BCI since 2010. BCI is a global not-for-profit organization that aims to make global cotton production better for the people who produce it, better for the environment, and better for the sector's future.
• Global Organic Textile Standard (GOTS)coreOthersGOTS certified company following best practices for organic cotton supply chain. Provides training to farmers under the GOTS program for sustainable cotton production.
• Global Recycled Standard (GRS)coreOthersCertified in Global Recycled Standard for recycled textile materials, enabling supply of recycled content products to brands requiring GRS certification.

Scale indicators19 records

Recent moves18 records

Expansion highlights5 records

Direct peers

• Trident Group: Indian integrated textile conglomerate producing cotton yarn, terry towels, and paper from agricultural residues. Comparable in cotton-based integrated manufacturing and export orientation.
• Vardhman Textiles: Large Indian integrated textile manufacturer producing cotton yarn, fabric, and sewing thread. Highly comparable to Pashupati in vertical integration across spinning and weaving, and a direct peer in cotton-based B2B textile supply.
• Raymond Limited: Leading Indian suiting and shirting producer with vertical integration from wool/cotton to finished garments. Comparable product mix to Pashupati's finish fabric range, and a fabric customer of Pashupati.
• Sutlej Textiles and Industries: Indian manufacturer of cotton and blended yarn, home textiles, and apparel fabrics. Direct peer in cotton yarn and woven fabric manufacturing with similar export footprint.
• Nahar Spinning Mills: Indian cotton yarn and fabric manufacturer with spinning, weaving, and processing operations. Closely comparable in cotton yarn count range, fabric production, and B2B export model.
• Filatex India: Indian manufacturer of polyester and cotton yarn and fabric. Comparable in yarn manufacturing scale, B2B sales model, and product overlap in cotton-blend textile categories.
• Loyal Textile Mills: Indian cotton yarn, fabric, and garment manufacturer with integrated operations. Comparable in cotton spinning, weaving, and apparel-grade fabric production for global brands.
• Indo Count Industries: Indian home textile manufacturer producing cotton bedding, sheets, and towels for global brands. Comparable in cotton-based textile manufacturing with sustainability certifications and export orientation.
• Arvind Limited: Major Indian woven fabric and branded apparel manufacturer producing denim, shirting, and knit fabrics. Direct peer in woven textile manufacturing and a customer of Pashupati for greige fabric.

Broad incumbents

• Welspun India: Large Indian home textile conglomerate producing towels, bedding, and flooring. Broader scope and scale than Pashupati, but comparable in cotton-based textile manufacturing, global brand supply, and sustainability-certified production.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/pashupatigroup

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 records

Subsidiaries6 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 Pashupati Group