Aarvee Denims & Exports Ltd actively engages in the manufacturing and exporting of denim fabric and garments. The company is a significant player in the denim industry that serves both the domestic and international markets. Its product lineup includes a wide range of denim fabrics to satisfy the diverse demands of the fashion industry.
It aims to reach unprecedented heights with hard work and dedication, focusing on integrated and diversified processes. Their mission focuses on delivering satisfying results and exceeding client expectations with best-in-class products. The company values transparency and aims for quality control, consistent production, and customer satisfaction.
Founders & Leadership Team
The Arora & VB Group, with over 50 years of experience in the textile trade, founded Aarvee Denims & Exports Ltd in 1988. This foundation allowed the company to rapidly ascend to a leading position in the global textile market.
Since its inception, Aarvee Denims & Exports Ltd is under the guidance of an experienced leadership team. Ashish Virendrabhai Shah is serving as one of the directors since the company's founding day. The board also includes Vinod Parmanand Arora, who joined the team on 1 October 2010, and Kalpesh Virendrabhai Shah.
Through strategic expansion and a commitment to quality and innovation, the company has notably expanded its production capabilities. This narrative of growth shows the company's ability to adapt and strategically navigate the textile industry under the leadership of its founders and directors.
Products & Services
Aarvee Denims & Exports Ltd provides a comprehensive array of products and services that cater to the global textile and apparel industry.
The company's product lineup showcases an extensive range of denim fabrics and apparel manufacturers worldwide. Their offerings include various types of denim, such as basic indigo blue, colored, ring, shirting, printed, stretch, satin, flat finish, and specialty denim like ecru, overdyed, tinted, and coated fabrics. These products feature advanced technologies, including LYCRA® dualFX® technology, for durability and flexibility.
It also produces non-dyed fabrics which expands its portfolio to cater to a broader range of apparel needs. This variety underscores the company's commitment to versatility and innovation in textile production.
In terms of services, Aarvee Denims likely spans the entire production value chain, supply chain management, and sustainability initiatives. Their approach to service emphasizes close collaboration with clients. They make sure that each fabric meets specific design and performance criteria. Furthermore, the company's dedication to eco-friendly practices reflects a broader industry trend toward sustainable fashion.
Financial Performance
Aarvee Denims & Exports Ltd showed significant financial changes in its recent quarters. For the quarter ending on June 30, 2023, the company's sales decreased to I₹103.71 million from ₹1,070.64 million compared to the previous year. Similarly, its revenue fell to ₹105.37 million from ₹1,103.75 million. The net loss for the company increased to ₹ 185.9 million from a previous loss of ₹100.32 million.
By September 30, 2023, the company's total revenue was ₹248.12 million. Despite slight recoveries in gross profit, operating income and net income remained in the negative zone, illustrating the financial difficulties faced during these periods.
Furthermore, AARVEEDEN reported a standalone net loss of ₹12.97 crore for the quarter ending September 2023. This marked an improvement from a net loss of ₹17.37 crore in the previous period. This indicates some level of financial recovery, although the company continues to operate at a loss.
Learn about the share price of the company.
This performance shows the company's struggle with financial stability. It also reflects the broader challenges within the textile and apparel manufacturing industry.
Final Words
Aarvee Denims & Exports Ltd stands out for its quality, innovation, and customer services. As one of the world's largest vertically integrated denim mills, it shows extensive manufacturing capabilities alongside a commitment to sustainability. The blend of tradition, innovation, and commitment to excellence positions it in the competitive global textile market.