T.T. Ltd - Stock Valuation and Financial Performance

TT Ltd. was incorporated as Tirupati Texknit Limited on September 29, 1978 under the Indian Companies Act, 1956, The name of the company was changed to T T Limited with effect from January 15,1998. The company came out with a public issue in 2006.

T T Limited is engaged in the manufacturing of combed cotton yarn, carded cotton yarn and knitted fabric cloth at its units at Gajroula (U.P) and Avinashi (Tamil Nadu). TT is a progressive organization with sound investments in good quality systems and innovative marketing.

TT limited started with facilities to manufacture knitted fabric in 1978 at Ghaziabad. It had a network of franchise manufacturing units for the manufacture of undergarments, which were marketed under the brand name TT. In February 1990 the company came out with a public issue of Rs 330 lakh to acquire certain balancing equipments and also to expand network of franchise manufacturing units of hosiery goods/ knitwears. In the year 1993 the company set up a 100% EOU spinning mill at Gajroula with an installed capacity of 12500 spindles. To part finance the project cost of Rs 2511 Lakhs it came out with a rights Issue of Rs 901 lakh in February 1993.

In April 1994, the company set up another 100% export oriented spinning unit for manufacturing of Carded yarn with 12,500 spindles at Avanashi, Coimbatore at a cost of Rs 1835 lakh. In 2000 the company undertook modernization of Gajroula unit. The Ghaziabad unit was also later relocated to Gajroula in the Year 2004.The company had been granted ISO 9001: 2000 Certification by KPMG for its Gajroula Spinning Unit which was valid upto August 26, 2006. The same has been further renewed for a period of three months by Intertek Quality Registrar vides their Letter dated August 25, 2006. The company converted its 100% Export Oriented Spinning Unit at Avinashi, Coimbatore to a DTA Unit. Today T T Limited has its presence in fibre, yarn, knitted fabrics and undergarments. It has presence in both domestic and international market and is exporting yarn and cotton to various countries. It is selling its products all over India through a network of dealer spread across the country.

The company presently has three manufacturing units

• The Gajroula Unit sprawled over 14 acres of land located in verdant green environs about 110 km from the national capital Delhi, very thoughtfully planned, the mill area is spacious and permits the straight line flow of materials.
• The Tirupur Unit is situated about 66 km north of Coimbatore in south India. The weather is more equitable throughout the year. A dedicated work force of almost 250 workers in the unit and the best technology at its disposal create a conducive atmosphere for excellent house keeping. No doubt that the yarn Quality matches up to the world standards.
• The Gondal Unit are located in 17 acres of land in the heart of the best cotton growing areas in India. It is 25 km from the city of Rajkot in Gujarat. Machinery is state of the art and all facilities are less then 6 years old.

Product range of the company includes:

Man

• Vests / Singlet
• Brief / Drawers
• T-Shirts
• Bermuda
• Socks
• Handkerchief
• Others
• Interlock white
• Spice Rib White (RN)

Woman

• Bra
• Panty
• Thermal Innerwear
• Others

Knitted

• Vests
• Drawers / Briefs
• Baba Suits
• Panties / Bloomers
• Others

Achievements/ recognition:

• Trading House Certificate
• ISO - 9001 Certified
• OEKO – Certified
• ISO 9002