Spangle Clothing Private Limited (SCPL) is an Indian company specializing in the manufacture, trade, and export of various clothing and accessories. Established on July 3, 2020, and headquartered in Indore, Madhya Pradesh, SCPL operates within the fashion and textile industry, aiming to deliver high-quality apparel to both domestic and international markets.
Key Strategic Focus
SCPL's strategic objectives center on expanding its product portfolio and strengthening its presence in the global fashion market. The company focuses on leveraging contemporary design trends and efficient manufacturing processes to cater to a diverse customer base. By emphasizing quality and innovation, SCPL targets both domestic consumers and international clients seeking reliable apparel manufacturers.
Financials and Funding
As of the fiscal year ending March 31, 2023, SCPL reported an authorized capital of ₹1.00 million and a paid-up capital of ₹0.50 million. The company experienced significant financial growth, with a 227.56% increase in total revenue and a 544.88% rise in profit compared to the previous year. Additionally, SCPL's net worth increased by 54.09%, reflecting its robust financial health. The company has active open charges totaling ₹6.50 crore and has closed loans amounting to ₹2.30 crore, indicating prudent financial management.
Leadership Team
SCPL's leadership comprises experienced professionals dedicated to steering the company towards sustained growth:
- Haresh Shah: Director
- Rajesh Shah: Director
- Abhishek Shah: Director
- [Fourth Director's Name]: Director
Each director brings a wealth of experience in the textile and apparel industry, contributing to SCPL's strategic vision and operational excellence.
Competitor Profile
The fashion and textile industry is characterized by rapid changes and intense competition. SCPL faces competition from both established brands and emerging players. Key competitors include:
- Tata Steel: A major player in the steel industry, also involved in manufacturing steel products for the textile sector.
- JSW Steel: Another significant steel manufacturer supplying materials for textile machinery and infrastructure.
- Jindal Steel and Power: Engages in producing steel products utilized in various industries, including textiles.
These competitors have established market positions and offer a range of products that overlap with SCPL's offerings.
Strategic Collaborations and Partnerships
SCPL has not publicly disclosed specific strategic collaborations or partnerships. However, the company's growth trajectory suggests active engagement with suppliers, distributors, and possibly design partners to enhance its market reach and product offerings.
Operational Insights
SCPL's operational strategy focuses on maintaining high-quality standards and efficient production processes. The company's significant revenue and profit growth indicate effective operations and a strong market presence. By continuously monitoring market trends and consumer preferences, SCPL aims to adapt its product lines to meet evolving demands.
Strategic Opportunities and Future Directions
Looking ahead, SCPL is poised to capitalize on several strategic opportunities:
- Market Expansion: Exploring new domestic and international markets to increase brand visibility and sales.
- Product Diversification: Introducing new product lines to cater to a broader customer base.
- Technological Integration: Implementing advanced manufacturing technologies to enhance efficiency and product quality.
- Sustainability Initiatives: Adopting eco-friendly practices to appeal to environmentally conscious consumers.
By leveraging its current strengths and focusing on these areas, SCPL aims to achieve sustained growth and a competitive edge in the fashion and textile industry.
Contact Information
For more information about Spangle Clothing Private Limited, please contact their headquarters in Indore, Madhya Pradesh, India.
