About
T T Ltd
Tirupati Texknit, now renamed TT Ltd (TTL), promoted by R C Jain and incorporated as a public limited company in Sep.'78, has facilities to manufacture knitted cloth at Ghaziabad, UP. The Company is engaged in Textile, comprising of yarn manufacturing, Knitting, and cutting and sewing of textiles products.
The company, since Apr.'89, has production arrangements with about 50 franchised hosiery production units in Delhi, Calcutta, UP, MP and Tamilnadu to produce goods exclusively for and according to specifications and quality standards laid down by the company.
TTL went public with its maiden issue in Jan.'90 to meet the financial requirements of its franchise units and to meet working capital requirements. In Feb.'93, TTL came out with a public issue to part-finance the backward integration programme of setting up a Rs 21.05-cr 12,500-spindle 100% export-oriented spinning unit to manufacture cotton yarn at Gajraula, UP. TTL has a dealer network of 1500 wholesalers throughout India. During 1996-97, had earned the status of Registered Export House.
In 1999-2000, the company's mill at Avanashi, in Coimbatore District obtained ISO 9002 Quality Certificate.
The company has initiated the Technology Upgradation Programme to replace all the spindles at Gajroula Mill Plant.The proposal had been submitted to Financial Institutions for the approval.
During the year 2004, Company completed relocation of its knitting plant at Gajroula with most 'state of art' 'Mayer & Cie', German Knitting Machines. With this, company has started fabric exports as well. 1008 spindles were introduced at Avanashi Unit. Garment manufacturing unit at Noida and Tirupur was expanded and modernised during the year. Latest 500 Garment Machines project having capacity of manufacturing 14000 pcs. garments per day were acquired.
In 2005, it completed upgradation of its spinning units and knitting factory with ultra modern machines and technology. Ginning factory at Gondal, Gujarat commenced production in March, 2006. The windmill project of 2.5MW in Tamil Nadu commenced production in March, 2006.
During year 2006-07, the Company came out with Rights Issue of 10749025 Equity Shares Rs 10/ each at a premium of Rs 10/- per share in the ratio of one Equity Share for every one Equity Shares (i.e. 1:1). Rights Issue was oversubscribed. Allotment was made on 14th November, 2006. Consequent to this allotment, company's Equity Share capital doubled.
The Company in 2011-12 commissioned garment expansion project in Avinashi costing Rs 20 Cr. New products were launched into Casual Wear Segment. Ongoing expansion projects like 25200 new spindles spinning mill in Rajula, Gujarat started commercial production in April, 2013. It commissioned 2.1MW Wind Mill Plant in Gujarat in 2016-17. 'HiFlyers', a new innerwear brand was launched in 2017.
T T Ltd
Chairman Speech
In one word Business Philosophy of T T Group is "FAIR BUSINESS", – Fair
to all: Suppliers, Buyers, Dealers, Workers, Shareholders, Investors, Community and the
Society at large.
Sources for drawing inspiration in founding basic principles of T T Group’s
business are found in Philosophies propounded by three great Saints, Philosophers and
Mahatmas belonging to the Textile World: The Most reverend Spinner in the World History
known to mankind till date, Mahatma Gandhi, father of the nation; symbol of religious
harmony and great humanist "Kabir" the weaver and the great Tamil Saint, Poet
and Philosopher weaver: Thiru Valuvar. Thirukural the great epic book of wisdom serves us
as a reference book for seeking day to day solutions of business problems. All the three
guiding lights of humanity are nowhere in variance with Jainism, Hinduism, Buddhism or
infact any religion.
In dealing with people we follow Vidur and Chanakya.
In business management techniques of modern day obviously we rely on my learnings as
well as teachings at Indian Institute of Management, Calcutta / M.I.T. Our Managing
Director Mr. Sanjay Jain has his sources in his studies at the Indian Institute of
Management, Ahmedabad / Harvard Business School.
Regarding the choice of Technology to be used, we do not compromise. It is always the
best of the world, "State of the Art" technology. We do quick updating and
remain in tune with the latest innovations. Our source of strength in the field is
renowned Textile Technologist - Dr. V. K. Kothari, formerly heading Textile Dept. of
world’s prestigious seat of learning, Indian Institute of Technology, (IIT) Delhi.
As for consumers, we wish to deliver them more than value for their money. We are here
to serve them. We are because of them. We wish them to enjoy new recipies, new delights in
their satisfaction. We do not follow trends, instead we set trends. Mrs. Jyoti Jain, a
National Institute of Fashion Technology (NIFT) graduate is always at hand to deal with
them liberally. All her dealers, agents and customers are more than happy with her.
Renowned Management and Finance Experts Shri Navratan Dugar and Shri V R Mehta are our
leading rule setters in the realm of Finance & accounting and corporate governance. In
Finance, Manufacturing, Law, Corporate governance we have a dedicated team of Executives,
Engineers, Company Secretaries, Chartered Accountants, Human Engineers (HRD) to deliver
fruits and achieve corporate goals. Your two new directors are highly recognised corporate
management experts Shri Mahesh Mehta is an outstanding Chartered Accountant and Shri Sunil
Mahnot is a company secretary and corporate manager.
Today Textile Industry is a "Focus Industry" in India. It is once again a Sun
Rise Industry. Textile Manufacturing is shifting from America & Europe to Asia –
China, India, Bangladesh, Pakistan, Turkey etc. Timely cotton revolution in India has made
India’s position unique in competitive edge in world trading of cotton and its
products- Yarn, Fabric, Textiles, Knitwear Garments and Home Textiles. T T group is
essentially an only "Cotton" company. It handles Cotton, Cotton yarn, Cotton
fabrics and Cotton garments. Realising the global potential T T is already on the world
Cotton scene and is ready to play world cup in Cotton. We wish to enjoy fruits of Cotton.
We wish to ensure no one remains devoid of Cotton Garments and that too with assurance to
satisfaction to one’s heart’s content.
Our Company’s policy is not to speculate, not to gamble, not to undertake high
risk deals. Slow but steady growth is our motto. Our Company does not interfere with free
play of share & securities market.
Business Philosophy
1. Management's job is not only to manage company profitably but to ensure its steady
growth as well.
2. Quick decision making, speedy implementation, harmonized, teamwork, deliver success.
3. Our objective is to serve Customers to their satisfaction. We strive to enable them
taste new delights in quality and service. We make them break their own parameters of
satisfaction.
4. Investors are owners of the company. Safeguarding their interest is the prime duty
of the management.
5. What is the best today, will not be so tomorrow and will be definitely rejected day
after. Hence continuous quality upgradation can only retain customers.
6. Let none be harmed by our dealings with them. We need not make money out of their
weaknesses. Instead let buyer and seller both mutually help each other make profit.
7. Knowledge input is the best quotient of profit. For future growth, knowledge
sourcing and knowledge management is the first requirement.
8. Ways of the world never remain the same. Keep changing and you never live out.
9. Wisdom attracts money, lack of it may cause loss of money.
10. Indians have now realised their potentials in the global scenario. Every crown
there is for them, but only if they try.
11. India traditionally ranks first in the world of nations in respect of the wealth of
knowledge. Putting this wealth into action will certainly yield rich monetary rewards as
well.
12. We do not compete, we try to co-exist. Cooperation is our motto.
13. Big fish eats up small fishes and yet the ocean is always full of small fishes.
14. No one can drink all the waters of seven oceans, so none can monopolise for ever.
15. Purity of means is more important than the ends. Come what may, great souls will
never pick up means not ordained by ethics, morality and one's religion.
16. You earn money, you may loose it anytime, but if you tend to earn goodwill and
integrity, money will never leave you.
Dr. Rikhab C. Jain,
(Chairman )
  Â
T T Ltd
Company History
Tirupati Texknit, now renamed TT Ltd (TTL), promoted by R C Jain and incorporated as a public limited company in Sep.'78, has facilities to manufacture knitted cloth at Ghaziabad, UP. The Company is engaged in Textile, comprising of yarn manufacturing, Knitting, and cutting and sewing of textiles products.
The company, since Apr.'89, has production arrangements with about 50 franchised hosiery production units in Delhi, Calcutta, UP, MP and Tamilnadu to produce goods exclusively for and according to specifications and quality standards laid down by the company.
TTL went public with its maiden issue in Jan.'90 to meet the financial requirements of its franchise units and to meet working capital requirements. In Feb.'93, TTL came out with a public issue to part-finance the backward integration programme of setting up a Rs 21.05-cr 12,500-spindle 100% export-oriented spinning unit to manufacture cotton yarn at Gajraula, UP. TTL has a dealer network of 1500 wholesalers throughout India. During 1996-97, had earned the status of Registered Export House.
In 1999-2000, the company's mill at Avanashi, in Coimbatore District obtained ISO 9002 Quality Certificate.
The company has initiated the Technology Upgradation Programme to replace all the spindles at Gajroula Mill Plant.The proposal had been submitted to Financial Institutions for the approval.
During the year 2004, Company completed relocation of its knitting plant at Gajroula with most 'state of art' 'Mayer & Cie', German Knitting Machines. With this, company has started fabric exports as well. 1008 spindles were introduced at Avanashi Unit. Garment manufacturing unit at Noida and Tirupur was expanded and modernised during the year. Latest 500 Garment Machines project having capacity of manufacturing 14000 pcs. garments per day were acquired.
In 2005, it completed upgradation of its spinning units and knitting factory with ultra modern machines and technology. Ginning factory at Gondal, Gujarat commenced production in March, 2006. The windmill project of 2.5MW in Tamil Nadu commenced production in March, 2006.
During year 2006-07, the Company came out with Rights Issue of 10749025 Equity Shares Rs 10/ each at a premium of Rs 10/- per share in the ratio of one Equity Share for every one Equity Shares (i.e. 1:1). Rights Issue was oversubscribed. Allotment was made on 14th November, 2006. Consequent to this allotment, company's Equity Share capital doubled.
The Company in 2011-12 commissioned garment expansion project in Avinashi costing Rs 20 Cr. New products were launched into Casual Wear Segment. Ongoing expansion projects like 25200 new spindles spinning mill in Rajula, Gujarat started commercial production in April, 2013. It commissioned 2.1MW Wind Mill Plant in Gujarat in 2016-17. 'HiFlyers', a new innerwear brand was launched in 2017.