Sanjay K Jain, Managing Director, TT Ltd

"About 60% of our revenues come from exports. The company plans to be a 50:50 company in terms of exports and domestic sales."

Mar 02, 2016 04:03 IST IIFL Yash Ved |

Sanjay K Jain, Managing Director, TT Ltd is a Gold Medalist from IIM (Ahmedabad) apart from being a Cost Accountant and Company Secretary. He is a regular speaker in conferences and writer of articles. He was awarded the Udyog ratna award in 2010. He is an expert in marketing and finance and is overall incharge of the Company. He has travelled to over 40 countries and has wide exposure on textiless issues. He is the Vice President of FOHMA and WBHA. He is also on the committee of NITRA, NITMA, SIMA, CITI, FICCI Textiles Group. He is also an advisor for two textile magazines. He also has represented FOHMA on the Cotton Yarn Advisory Board, Sub Group on Textiles and Apparels for 12th Five Year Plan. He is also a memer of the monitoring Committee of the West Bengal Textiles and Handloom Industry. 
 
T.T. Group is founded by Dr. Rikhab Chand Jain. The company has 25 franchise production units at eight different locations, working exclusively for T.T. It has manufacturing facilities at Gajroula (UP), Avinashi (Tamil Nadu), Tirupur (Tamil Nadu), Kolkata (West Bengal), Gondal (Gujarat), and Rajula (Gujarat).
 
Yash Ved of IIFL provides you the highlights of a media interaction where Sanjay K Jain says "About 60% of our revenues come from exports. The company plans to be a 50:50 company in terms of exports and domestic sales."
 
What is your focus area?
We are planning to invest Rs. 100-150 crore. Going forward, our focus will be on more value added garments business, brand building, and on the domestic market – which is the fastest growing opportunity for us.
 
What are your new product launches?
We are planning to launch a premium innerwear brand in the near future as part of our new strategy to move towards the fashion side in the fibre to fashion spectrum.
 
This move will enhance margins and build the brand equity of the company. The company has enhanced its knitwear range to become a garment company from an innerwear company.
 
What are your plans in terms of exports?
About 60% of our revenues come from exports. The company plans to be a 50:50 company in terms of exports and domestic sales. 
 
What is your growth target?
We are eyeing higher growth rates of 20-25% per annum.
 
What are your international business plans?
We see our cotton-based textiles business growing rapidly. Vietnam, Ethopia, and the United States also present interesting opportunities.
 
What is your revenue target?
We are targeting revenue of Rs 1,500 crore by 2020.

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