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Laxmipati Sarees new article content ...

Laxmipati Sarees is a surat based Indian conglomerate holding company headquartered in Surat, Gujarat, India. Laxmipati Sarees is well known across India engaged in textiles. Laxmipati Sarees is one of the most profitable companies in Surat Gujarat India,

History

1984 The company was co-founded by Govind Prasad Sarawagi in 1984 as Siddhi vinayak knots and Prints Pvt ltd- brand name Laxmipati Sarees. In 1984 continued the polyester business of the firm with trading, In 2006 Laxmipati Sarees established a synthetic fabrics mill in Surat the company expanded its business into textiles, with becoming its major brand in later years. In 2016, company started its own weaving unit in Surat

Employees As on 31 March 2018, the company had 4500 employees of which 1259 were women and 10 were employees with disabilities. It also had 19000 temporary employees on the same date. As per its Sustainability Report for 2017–18, the attrition rate was 10.5%. But currently, the same attrition rate has gone up to 15.4% in 2018 as per latest report

Awards and recognition

strategic partner awarded on Dec-2016 for innovating cornstarch sarees in collaboration with dupont.

Best Textile company of the award was given to Laxmipati Sarees® by South Gujarat Chamber of Ccommerce in association with SAP for exemplary progress in textile industry in 2018.

Awarded for Best industry in fabric processing by Reliance Industries in 2018.

CII confederation of Indian Industry has selected company for registering maximum registration under intellectual property Award in 2016.