Description : SIYARAM SILK MILLS LIMITED promoted by SIYARAM PODDAR GROUP was incorporated on 29th June 1978. Initially, company was engaged in trading activity of suiting and shirting. Over the period of time, the company has expanded, diversified and integrated its facilities substantially and presently has facilities for manufacturing and marketing of suiting, shirting, texturising, dyeing yarn and ready-made garments.
The company was incorporated as a Private Limited Company and in 1980 it was converted into a Public Limited company through a Public issue of Rs. 50 Lacs which was oversubscribed. The proceeds of the issue were utilized for setting up of a weaving Plant in Tarapur, Maharashtra. The said unit was further expanded in1984.
In1985, a texturising/dyeing/weaving unit was set up at Patalganga in the State of Maharashtra. The Project was financed by a mixture of foreign currency loan and issue of Right Equity Shares and Non-Convertible Debentures. The Plant was equipped with modern twisting and texturising machineries, including yarn dyeing facilities. In 1986, the weaving capacity was further expanded by inducting imported Sulzer Projectile Shuttless Looms at Murbad in Maharashtra. In addition to Sulzer Looms, Water Jet Looms imported from Japan were also installed there. In 1989, encouraged by demand of texturised yarn, additional manufacturing facilities for texturising/twisting was setup at Silvassa.
With a change in the trend in fashion market readymade garments have become very famous. To cater quality products to this growing segment, Siyaram forayed into the Ready-made Garment Market with brand name of OXEMBERG, a brand that has been extremely well received in the market.
Along with firmly establishing its brand image, a major expansion-cum-modernization prgoramme was undertaken at the Tarapur weaving Plant during the year 1992-93. Under this programme, old generation looms were replaced with new Dornier looms of latest technology. The said expansion cum modernization programme increased the production capacity by a substantial margin.
In the year 1995, Siyaram's entered into a tie-up with J.Hampstead, a well reputed and 125 years old company of England to supply most sophisticated high premium fabrics of Marino wool. This put Siyaram's offerings on par with the leading high premium brands in the country.
The company has shown uninterrupted growth in sales as well as in profitability. The company enjoys excellent reputation in the fiercely competitive textile market and it has a proven track record
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