For more multi bagger recommendations click here. Our experts panel will help you to get you those life-changing stocks, tomorrow's bluechips today. Arvind is in the Textiles - Denim sector.
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Remember me Keep me signed in. Don't have an account yet? News Arvind Fashion eyes Rs 7, crore revenue by Views Buy Arvind; target of Rs Kotak Securities Dec 06, Re-rating subject to an improved performance in textiles Nov 08, News Arvind Q2 profit at Rs Technicals Arvind closes above Day Moving Average of Jul 30, Aug 29, Technicals Arvind closes below Day Moving Average of In the early s, he led the 'Reno-vision' whereby the company brought denim into the domestic market, thus starting the jeans revolution in India.
Arvind also runs three clothing and accessories retail chains, the Arvind Store, Unlimited and Megamart, which stocks company brands. In the mids, the company undertook a massive expansion of its denim capacity even though other cotton fabrics were slowly replacing the demand for denim. The expansion plan was funded by loans from both Indian and overseas financial institutions. With the demand for denim slowing, the company found it difficult to repay the loans, resulting in an increased interest burden on the loans.
In the late s, the company encountered financial problems due of its debt burden, resulting in incurring significant losses. The company came up with a debt-restructuring plan for the long-term debts being taken up in February This complex financial restructuring exercise, which involved several domestic and international lenders, is considered to be the benchmark and a case study in India.
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