S. Kumars
Encyclopedia
The S. Kumars Group is an India
n conglomerate
with interests in textiles, apparels, energy, e-commerce, ITES, leisure and retailing sectors. The flagship company of the group, S. Kumars Nationwide Limited or SKNL , manufactures and markets the famous Reid & Taylor brand in India. SKNL was formerly known as S. Kumars Synfabs Ltd.
On 28 September 1990, S Kumars was incorporated as a private limited company, and became a deemed Public Company with effect from 28 February 1991. It became a Public Company on 7 July 1992.
The company then transformed to SKNL (S. kumars Nationwide Limited). SKNL is one of India’s leading textile and apparel company with expertise in multi-fiber manufacturing. The company has extended its presence in multiple product categories from Fabrics to Apparels and Home Textiles.
in Madhya Pradesh. In 1997, S. Kumars acquired a spinning-cum-weaving unit near Dewas
(Madhya Pradesh
), from Standard Industries Limited.
In 1998, S. Kumars entered into a collaboration with Reid & Taylor of Scotland
for manufacturing and marketing the Reid & Taylor worsted suiting in India. In 2006, SKNL launched "Carmichael House", a complete range of home linen products and accessories.
In 2006, SKNL launched "Belmonte", a youth menswear brand that had both fabric and ready-to-wear garments under one label. It cliams to be India's only youth brand to offer "Total Wardrobe Solutions" - Fabric, Apparel and accessories.
In 2007, the prestige clothing brand Stephens Brothers was licensed to SKNL in India. It was launched in December 2007, to introduce the English cut & style to Indian consumer. The brand is now owned by the UK Group Austin Reed.
The Maheshwar
Hydro Electric Project, located at Mandleshwar
in Madhya Pradesh was awarded to S. Kumars Group in 2001, on "build, own and operate" basis. However this project is still to be completed. The project became controversial due to non-payment on various occasions by S. Kumars.
Landmarc Leisure Corporation Limited was established as S. Kumars' leisure and entertainment business arm. It was originally found to set up a chain of family entertainment centers across India, the first two being launched in Worli
(Mumbai
) and Indore
. In 2001, S. Kumars launched S-MAART, a department store in Landmarc Citi, Worli. In 2002, Landmarc Leisure Corporation decided to develop its leisure brand under two entities: Landmarc (family entertainment centers) and Mikanos (nightclubs).
S. Kumars Online Ltd. (SKOL) was set up as the e-commerce arm of the S. Kumars Group, while Induj Infotech Ltd. was set up as its ITES arm.
In 2009, Company has acquired assets of Hartmarx Corporation, a well-known company in American and European markets.
Consumer Textiles
Home Textiles
Ready to Wear (TWS)
Baruche Superfine Cottons
. In 2008, 24.5% stake in Reid & Taylor was acquired by an affiliate of GIC Special Investments for Rs 900 crore.
Luxury Textiles
Ready to Wear
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
n conglomerate
Conglomerate (company)
A conglomerate is a combination of two or more corporations engaged in entirely different businesses that fall under one corporate structure , usually involving a parent company and several subsidiaries. Often, a conglomerate is a multi-industry company...
with interests in textiles, apparels, energy, e-commerce, ITES, leisure and retailing sectors. The flagship company of the group, S. Kumars Nationwide Limited or SKNL , manufactures and markets the famous Reid & Taylor brand in India. SKNL was formerly known as S. Kumars Synfabs Ltd.
History
The S. Kumars Group was established in 1948 by Abhayakumar Kasliwal and Shambhukumar Kasliwal, who built a textile distribution network, and followed it with textile manufacturing.On 28 September 1990, S Kumars was incorporated as a private limited company, and became a deemed Public Company with effect from 28 February 1991. It became a Public Company on 7 July 1992.
The company then transformed to SKNL (S. kumars Nationwide Limited). SKNL is one of India’s leading textile and apparel company with expertise in multi-fiber manufacturing. The company has extended its presence in multiple product categories from Fabrics to Apparels and Home Textiles.
Textiles and apparel
S. Kumars has set up a texturising and twisting plant at PithampurPithampur
Pithampur is a town in the Dhar district of Madhya Pradesh, India. Governed by Nagar Nigam, it is a well-known industrial estate referred to as the 'Detroit of India'...
in Madhya Pradesh. In 1997, S. Kumars acquired a spinning-cum-weaving unit near Dewas
Dewas
Dewas is an ancient town situated on the Malwa plateau in the West-central part of Indian state called Madhya Pradesh, about 160 km south west from state capital, Bhopal. It is the administrative center of the Dewas District, and was formerly the seat of two princely states during the British...
(Madhya Pradesh
Madhya Pradesh
Madhya Pradesh , often called the Heart of India, is a state in central India. Its capital is Bhopal and Indore is the largest city....
), from Standard Industries Limited.
In 1998, S. Kumars entered into a collaboration with Reid & Taylor of Scotland
Scotland
Scotland is a country that is part of the United Kingdom. Occupying the northern third of the island of Great Britain, it shares a border with England to the south and is bounded by the North Sea to the east, the Atlantic Ocean to the north and west, and the North Channel and Irish Sea to the...
for manufacturing and marketing the Reid & Taylor worsted suiting in India. In 2006, SKNL launched "Carmichael House", a complete range of home linen products and accessories.
In 2006, SKNL launched "Belmonte", a youth menswear brand that had both fabric and ready-to-wear garments under one label. It cliams to be India's only youth brand to offer "Total Wardrobe Solutions" - Fabric, Apparel and accessories.
In 2007, the prestige clothing brand Stephens Brothers was licensed to SKNL in India. It was launched in December 2007, to introduce the English cut & style to Indian consumer. The brand is now owned by the UK Group Austin Reed.
Other sectors
In 1988, S. Kumars established a two-wheeler tyres and tubes manufacturing facility at Pithampur in Madhya Pradesh. It also entered into an alliance with Apollo Tyres, for marketing and growth.The Maheshwar
Maheshwar
Maheshwar is a town in Khargone district of Madhya Pradesh state, in central India. It is located 13 km east of National Highway 3 and 91 km from Indore, the commercial capital of the state. The town lies on the north bank of the Narmada River.-Etymology:The name Maheshwar comes from...
Hydro Electric Project, located at Mandleshwar
Mandleshwar
Mandleshwar is a town and a Nagar Panchayat in Khargone district in the Indian state of Madhya Pradesh. It is a town of historical and religious importance situated on the banks of Narmada River, 8 km east of Maheshwar, and 99 km south of Indore....
in Madhya Pradesh was awarded to S. Kumars Group in 2001, on "build, own and operate" basis. However this project is still to be completed. The project became controversial due to non-payment on various occasions by S. Kumars.
Landmarc Leisure Corporation Limited was established as S. Kumars' leisure and entertainment business arm. It was originally found to set up a chain of family entertainment centers across India, the first two being launched in Worli
Worli
-History:Worli was one of the original seven islands that constituted the city of Mumbai. Although primarily a fishing village, the Worli Fort, a British fort that is now in ruins, is located there. Its original resident was the legendary Dishankeshwar Kalsi who has also been recognized in several...
(Mumbai
Mumbai
Mumbai , formerly known as Bombay in English, is the capital of the Indian state of Maharashtra. It is the most populous city in India, and the fourth most populous city in the world, with a total metropolitan area population of approximately 20.5 million...
) and Indore
Indore
Indore is one of the major city in India, the largest city and commercial center of the state of Madhya Pradesh in central India. Indore is located 190 km west of the state capital Bhopal. According to the 2011 Indian census, Indore city has a population of 1,960,631...
. In 2001, S. Kumars launched S-MAART, a department store in Landmarc Citi, Worli. In 2002, Landmarc Leisure Corporation decided to develop its leisure brand under two entities: Landmarc (family entertainment centers) and Mikanos (nightclubs).
S. Kumars Online Ltd. (SKOL) was set up as the e-commerce arm of the S. Kumars Group, while Induj Infotech Ltd. was set up as its ITES arm.
In 2009, Company has acquired assets of Hartmarx Corporation, a well-known company in American and European markets.
Organization
SKNL businesses are divided into product-specific Strategic Business Units (SBUs): Consumer Textiles, Home Textiles, Worsted Suitings, Ready to Wear and High Value Fine Cotton (HVFC). Each of these SBUs is headed by an Executive Director, Chief Executive Officer or a Chief Operating Officer. The corporate activities related to finance, planning, research, publicity, marketing, human resources etc. are centralized.Consumer Textiles
- Belmonte (Fabrics)
- Uniformity by Belmonte (Uniform fabric)
- S.Kumars (Work wear fabric)
Home Textiles
- Carmichael House (Premium)
- Benetton ( Super Premium)
Ready to Wear (TWS)
- Belmonte (Mid-Premium)
Baruche Superfine Cottons
- To be launched
Reid & Taylor (India) Limited
S. Kumars acquired rights for manufacturing and marketing the Reid & Taylor worsted suiting in India in 1998. Reid & Taylor was originally started by a Scottish man named Alexander Reid in the 1830s. The concern, financed by Joseph Taylor, went on to become a notable worsted suiting brand. S. Kumars set up a luxury suiting plant at Mysore in 1998 for Reid & Taylor (India) Ltd. The brand has been endorsed by India's notable film actor, Amitabh BachchanAmitabh Bachchan
Amitabh Bachchan is an Indian film actor. He first gained popularity in the early 1970s as the "angry young man" of Hindi cinema, and has since appeared in over 180 Indian films in a career spanning more than four decades...
. In 2008, 24.5% stake in Reid & Taylor was acquired by an affiliate of GIC Special Investments for Rs 900 crore.
Luxury Textiles
- Reid & Taylor (Luxury Suitings)
Ready to Wear
- Reid & Taylor ( Premium)
- Stephens Brothers ( Super Premium)