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Maxwell Industries opens first retail store ‘Inners’ in Navi Mumbai

17 Aug 2012 Evaluate

Maxwell Industries had opened its first exclusive retails store in the name ‘Inners’ the inner wear studio for all the inner-wear, located at Kopar Khairane in New Mumbai on August 15, 2012.

Last year in December, the company had successfully completed the sale of its spinning business and received full consideration of Rs 39 crore from M C Spinners. The company had entered into business purchase agreement with M C Spinners on June 03, 2011 for sale of company’s spinning business unit situated at Cobichettipalyam, Tamil Nadu.

Maxwell Industries is a leading manufacturer of high quality 100% cotton yarn manufacturer in India for hosiery/weaving industries. It operates in the highly competitive domestic and international market as suppliers of 100% Combed Auto leveled and Auto Coned Contamination controlled Siro cleared hosiery/woven cotton yarn for the high tech knitting/weaving industry.

Peers
Company Name CMP
Vardhman Textiles 571.05
Welspun Living 202.90
Arvind 548.70
Raymond Lifestyle 668.20
K.P.R. Mill 1121.05
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