Spentex Industries Ltd Achieves Revenue of Approx. INR 61.62 Crores in FY 2024-2025

Spentex Industries Ltd, a company that was under Corporate Insolvency Resolution Process till 12th May, 2023, has reported a revenue of approximately INR 61.62 Crores in the Financial Year 2024-2025. The company started production from October, 2024. The global economy showed steady progress in 2024, with a growth rate of 3.3%, but the pace of growth is expected to be moderate in 2025 and 2026. The textiles and apparel industry in India contributes 2.3% to the country’s GDP and 13% to industrial production. India’s textile and apparel exports stood at US$ 44.4 billion in FY22, a 41% increase YoY. The Indian textile and apparel industry is expected to grow at 10% CAGR to US$ 190 billion by 2025-26. Spentex Industries Ltd is focused on adopting cutting-edge technologies and sustainable production processes, with a workforce of experienced industry professionals, technical experts, and young talent.