Piotex IPO

About Piotex Company

Piotex Industries Ltd, incorporated in October 2019, began its journey in the textile industry with a focus on contract manufacturing and trading of yarn, fabric, and cotton bales. Situated in Maharashtra, a prominent textile hub in India, the company commenced its trading business in cotton bales and cotton yarn, serving markets in Malegaon, Ichalkaranji, Bhiwandi, Burhanpur, and Ahmedabad. The company is primarily engages in two core activities: 1.) Trading of Cotton Bales, Synthetic Fiber, Cotton Yarn, and Fabric : They procure and trade various textile products, including cotton bales, synthetic fiber, cotton yarn, and fabric, catering to the garment and home furnishing industries. 2.) Manufacturing through Job Work and Fabric Weaving : Through an outsourcing model, they engage in manufacturing cotton yarn and fabric weaving. They provide yarn to job workers and weaving units, who process the material into finished goods through contracted services. The finished fabric is then sold to customers, ensuring a seamless supply chain from production to delivery.