Originally incorporated on November 5, 1990, Shekhawati Poly-Yarn commenced manufacturing activities under the stewardship of Mukesh Ruia and Ramniranjan Ruia. The company has been in the Polyester Industry for more than a decade and since incorporation has been engaged solely into the manufacture of Polyester Texturised Yarn (PTY), which is used in the process of weaving of fabric used for suiting, shirting, dress materials, saris, hosiery, knitted fabric, zipper fastener, curtain and industrial cloth as also to manufacture fancy yarn for high value dress materials and upholstery. For FY10, company reported revenues of Rs 890 million and net profit of Rs 220 million, earning a paltry 2.5% net margin. For H1FY11, sales increased to Rs 580 million, but margins were flat at 2.70%, on net profit of Rs 160 million.
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