Filatex India’s wholly owned subsidiary – Texfil has signed a Memorandum of Understanding (MoU) with lndeca Sporting Goods, an entity of Decathlon Group, France, on December 11, 2025, to work together on the use of high-quality recycled polyester in sports apparel.
Under this MoU, Decathlon will conduct structured trials of Ecosis recycled polyester chips and yarn with its network of manufacturing partners in India. The two companies will also explore a system to channel suitable pre- and post-consumer polyester textile waste from Decathlon sports India ’s sourcing ecosystem back to Texfil for recycling. This MoU records the shared intent to evaluate and scale the use of Ecosis recycled polyester within Decathlon’s products, with the common objective of keeping textile waste in circulation and reducing the need for virgin resources.
Texfil has developed an in-house chemical recycling process based on glycolysis that preserves the quality of polyester. Recycled chips produced through this technology are marketed under the trademark Ecosis. Texfil currently operates an 800 kg/day pilot plant and is setting up a commercial facility with a capacity of 26,750 MTPA. This commercial facility is expected to be commissioned in September, 2026.
Filatex India is engaged in manufacturing Monofilament Yarns for Zippers, Tooth Brush Bristles, Velcro, Magic Fasteners and Forming Fabrics in India.
| Company Name | CMP |
|---|---|
| Trident | 25.98 |
| Filatex India | 45.60 |
| Nitin Spinners | 461.15 |
| Nahar Spinning Mills | 245.30 |
| Sanathan Textiles | 449.95 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: