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Sarla Performance Fibers Limited (SPFL) - History and Evolution
 
History & Key Milestones
Company Profile
Board of Directors
Vision & Mission
New Ventures & Future Plans
Innovation @ SPFL
Quality Policy
 
The promoters of the company, Mr. Madhusudhan Jhunjhunwala, the Chairman and Mr. Krishna Jhunjhunwala, the Managing Director, have had a long association with the textile sector which dates back to the 1960’s. Beginning with trading, their involvement in the textile industry evolved over the years from fabric weaving to manufacturing commodity yarns and in recent years, to specialized and value added yarns.
 
  1993
Sarla Polyester Private Limited (SPL) was formed with the status of a 100% Export Oriented Unit (EOU).
 
  1994
Sarla Polyester Pvt. Ltd. was converted into a public limited company.
 
  1995
Established its first manufacturing unit in Silvassa at the Amli Piparia Industrial Area for polyester textured / twisted yarn.
SPL was listed on Bombay Stock Exchange Limited (BSE).
 
  1996
Established an in-house dyeing plant in Vapi consequently broadening the product offering to dyed yarns.
 
  1997
Introduced its second core product Nylon textured / twisted and dyed yarn.
 
  1999
Shifted focus from commodity yarns to providing customers with value added products. SPL introduced a slew of new products in the forthcoming years beginning with covered yarns. Amongst the first to produce and market air covered and conventional covered rubber/spandex yarns from India, today, SPL has one of the largest facilities to manufacture covered yarns in India.
 
  2000
Expanded product portfolio to sewing thread.
 
  2004
Established 2nd manufacturing unit in Silvassa to house increasing production capacities.
 
  2005
Received Award for ‘BEST EXPORT ORIENTED UINT’ (SSI Category – Textile & Textile Product) by Export Promotion Council for EOU &SEZ Units.  
 
  2006
A change in the company’s name from Sarla Polyester Limited to Sarla Performance Fibers Limited (SPFL) to indicate the expansion in company’s operational activities from commodity products to multiple specialized products along with company’s changing philosophy of professionalism and diversification in the similar segments.
Established its 1st joint venture overseas in Honduras, Central America under the name Savitex S.A. de C.V.
 
Set up a spinning plant for conversion of nylon chips into high tenacity nylon 6 and nylon 66 industrial yarns. With this, SPFL became one of the first companies to establish manufacturing of specialized high tenacity threads which can be utilized in a wide range of applications.
 
 
  2007
Created Sarla Overseas Holdings Limited (SOHL), a wholly owned subsidiary as a separate investment arm for the company.
The company’s shares were listed on the National Stock Exchange of India Limited (NSE).  
Expanded production capacities and facilities in Silvassa with the addition of 2 new building units.  
Crossed the 100cr Sales Mark.  
 
  2008
New Product Introduction: Introduction of Bonded Threads, a range of speciality threads for high end applications of the export market.
Received Oeko Tex Certification.
 
 
  2009
Established a marketing subsidiary in Portugal, Sarla Europe LDA to service customer requirements of the European Region. This helped the company strengthen its foothold in the European market.
Marked its foray into Wind Power Generation in an effort to contribute to bettering and creating a more sustainable global environment.   
 
  2010
This year witnessed the start of a large scale project of expansion, upgradation & modernisation of our Dyeing Plant located in Vapi, Gujrat.
Moving forward with the focus of better servicing the requirements of our International customers, In October 2010 SARLA set up manufacturing operations in Turkey, a textile hub located at the gateway to Europe thereby effectively catering to both the Turkish & European Markets.
 
 
  2012
Incorporation of SarlaFlex LLC., a 100% subsidiary of SPFL in South Carolina, USA for the manufacturing and marketing of yarn to the USA and neighbouring markets.
 
  2013
Successfully commissioned the manufacturing of Nylon 66 high tenacity yarn.  Being the first to manufacture this niche specialised product in India, a product manufactured by only a few global players, this historic step and achievement  marks Sarla’s entry into the top textile companies of the world having unique product offerings.
 
  2014
In recognition of the stringent quality management systems which the company has put in place over the years, SARLA has received the distinction of being an ISO 9001: 2008 certified company on June 3rd 2014.  
     
On November 24th, 2014, SARLA was felicitated as the Best Global Business 2014 at the SME Business Excellence Awards hosted in New Delhi.
 
  2015
In continuation with its performance from the previous year, SARLA was once again felicitated at the SME Business Excellence Awards hosted in New Delhi as an Award winner for the Textile & Garments-Mid Corporate Sector 2015.
 
On 30th November, 2015, SARLA was awarded The EPCES [Export Promotion Council for EOU & SEZs] Award for “The Best EOU (other than MSME) unit” under SEEPZ-SEZ in the product group category, Textile and Textile Products for its outstanding Export Performance in the year 2012-2013.  
 
 
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  2018
On 12th February, 2018, SARLA was awarded The EPCES [Export Promotion Council for EOU & SEZs] Award for “The Best EOU (other than MSME) unit” under SEEPZ-SEZ in the product group category, Textile and Textile Products for its outstanding Export Performance in the year 2015-2016.