Richa Knits Limited (Richa) a leading Gurgaon based manufacturer of knitted fabric and readymade garments has posted excellent results for the financial year 2007-2008. Richa’s Sales turnover increased by 56% from Rs.63crs to Rs.100crs and the exports by 36% as compared to the last corresponding financial year.

Profit after Tax of Richa rose from Rs.3 crs to Rs.7 crs, an increase of 136% and EPS was also registered at Rs.4.27, up by 56% as compared to the previous year.

Richa has recently completed expansion of its capability in all the existing segments ie Knitting, Dyeing & Processing and Garment manufacturing and has completed the fully automated state-of-the-art manufacturing unit at Kawnra, Faridabad. With the commissioning of the plant at Faridabad, Richa has become one of the largest processors in the Indian Market.

The current capacity of the plant is 6000 kg per day for Greige knitted fabric. Richa serves some of the best global brands and exports to markets like USA, Canada & UK besides catering to the leading domestic players.

- End -

About Richa Knits Ltd.

The company is one of the premier multi-divisional Integrated textile company and has the facilities for knitting of fabric, dyeing & processing of knitted fabrics and manufacture of garments for Domestic and Export market. The company has a ‘state of the art’ laboratory facility for developing shades, fastness of colour, fabric quality and adopts stringent quality checks at each step of manufacturing process.

Established under the leadership of Mr. Sushil Gupta (M.Tech-IIT Delhi) in 1993 as a process house to cater to the needs of knitted fabric for exporters in Northern India, Richa Knits has two manufacturing facilities, one at Faridabad for Dyeing and Processing and another state-of-the-art at IMT Manesar, Gurgaon in the outskirts of Delhi for Knitting, Dyeing & Processing and Garment manufacturing. The company has grown creating a niche for itself in the Northern India as a Dyeing and Processing house for the Export Market.