In its 500 biggest and best midsize companies’ rankings, Fortune India has honoured Nandan Denim that is poised to be Asia’s largest denim fabric manufacturer. The company ranks at N0. 38 among Fortune India Next 500 (2016) companies for wealth creation over three years. Besides, over five years, it has been ranking 42nd with 45.21 per cent CAGR increase in market capitalization as of April 2016.
Every year, Fortune India comes out with the definitive ranking of India’s 500 biggest and best midsize companies. The list celebrates those organisations that fuel India’s economy. Nandan Denim is a part of leading conglomerate, Chiripal Group that was established in 1972 and is currently diversified across several businesses like textiles, petrochemicals, chemicals, packaging, infrastructure and education.
Headquartered in Ahmedabad, Gujarat, Nandan Denim has expanded its capacity from 6 MMPA to a 110 MMPA (estimated in FY 2017) over last 10 years, a 15 fold growth in denim capacity in last one decade.
