Amartex is a well-known Indian company with a strong presence in the textile manufacturing and retail industries. Founded in 1988 by the Grover family, Amartex has developed gradually throughout northern India through a focus on quality, affordability, and vertical integration. The company operates in the fields of manufacturing, dyeing, textiles to retail, making it a name people trust and look forward to for. With decades of experience, Amartex is still committed to combining old-school craftsmanship with new retail.
Amartex – Quick Overview
| Particular | Details |
| Company Name | Amartex Industries Limited |
| Type | Unlisted Public Company |
| Founded | 1988 |
| Founder | Grover Family |
| Chairman & MD | Mr. Arun Grover |
| Headquarters | Chandigarh, India |
| Business Areas | Textile Manufacturing, Dyeing, Garments, Retail |
| Retail Brand | Groviano Italy |
| Retail Outlets | 24 stores |
| Annual Fabric Production | ~12 million meters |
| Annual Garment Production | ~15 million units |
| Customers | 5 million+ |
| Operating Region | Northern India |
| Official Website | amartex.in |
Net Worth and Market Cap
Amartex has consistently shown financial growth over the years. As per the available financial data, the Book net worth was reported at around ₹41crore as of March 2022, further growth on the report is reported by March 2024. Amartex Industries Limited is an unlisted public company; hence it does not have a publicly traded market capitalization listed on the NSE or BSE. Despite this, the company has very good fundamentals and stable revenues in the range of ₹100 crore to ₹150 crore for FY 2024.
Corporate Leadership
Mr. Arun Grover is the Chairman and Managing Director of Amartex. As a leading promoter from the Grover family, he has almost four decades of experience in the industry for the company. The face of the board and leadership team consists of members of our Grover family as well as industry experts who are actively involved in driving strategy, expansion and operational excellence. Under this leadership, Amartex has been able to strengthen its manufacturing capabilities and its retail footprint.
Overview of Services
Amartex is a fully integrated textile and retailing company. It produces fabrics, garments, and home furnishings in-house to guarantee strict quality control on every step of the process. In retail, Amartex operates multi-category stores for ready made garments, textiles, home furnishing products and daily use products. Its apparel line is available under the brand name of Groviano Italy focusing on stylish affordable fashion to the Indian consumers.
Scale of Operations
Amartex has manufacturing units and retail outlets throughout northern India. The company manufactures millions of metres of material and garments every year and has a well-trained workforce and modern infrastructure. Amartex has its head office in Chandigarh and has its operational facilities in Haryana and Punjab. With good manufacturing scale and a loyal customer base, Amartex continues to grow steadily while upholding its fundamental values of quality and value.
