Management Team
Mr. Ashok Kumar Todi, Chairman
Mr. Pradip Kumar Todi, Managing Director
……………………………………
Journey Began
Incorporated in 1957 as Biswanath Hosiery Mills.
……………………………………
Products Manufactured
Manufacturer of comfort innerwearfor men, women and children and winterwear.
……………………………………
Iconic brands
Lux Cozi, Lux Venus, ONN, Lux Classic, Lux Cott’s Wool, GenX to name a few.
Manufacturing Facilities
Has 11 manufacturing facilities, which also includes having a base in garment hubs such as those of Tirupur and Ludhiana. Most of the plants are in West Bengal that includes the new state-of-the-art plant in Dankuni.
……………………………………………………….
Production Capacity
Its new Dankuni unitis an integrated facility with a capacity to produce 5 lakh units of finished products a day. The unit is expected to fully come on-stream by September 2016.
……………………………………………………….
Expansion Plans
While Lux is at its advanced stages of operationalisation of its new asset in Dankuni, it isalso planning for Phase-II expansion that seeks to double the production capacity of the unit over the next 3-4 years.
Lux is expanding its socks manufacturing capacity at itsRoorkee facility by almost 100% that will enable it to emerge as one of the country’s largest socks manufacturers and gain a larger share of the market.
Lux Industries’ reach has expanded to over 4.5 lakh stores as on March 2016. It has a fairly well-distributed pan-India dealership
……………………………………………………….
Exports &Global Presence
With total export sales of Rs. 117.31 crore in 2015-16, Lux Industries continues to remain the largest exporter of innerwear out of India with exports contributing to 12.62% of its gross income during the year. The company exports products to the whole of Africa, Middle East, Singapore, Malaysia, Cameroon, Australia and North America. During the current year, Lux is actively exploring the markets of Korea and Western Europe and hope to normalize export-driven growth over the near future.
……………………………………………………….
Financial Performance
Lux has achieved a gross income of Rs. 94,116.33 lakhs in 2015-16 as against Rs. 90,913.50 lakhs in the previous year. The net profit after tax is Rs. 5,134.06 lakhs as against Rs. 4,522.91 lakhs in 2014-15.
……………………………………………………….
Future Focus
In 2016-17, Lux expects a revenue growth of about 8-10% that will enable it to cross the historic Rs. 1,000-crore mark.