Axita Cotton Ltd Company Profile:Products,Promoters and Clients

Axita Cotton Ltd Company Description

Founded in 2013, Axita Cotton Ltd (ACL) is a prominent manufacturer and exporter of high-quality cotton bales and cotton yarn.

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Q1.What are the Products and Service offerings of Axita Cotton Ltd?

Products & Services:

• Trading Products: ACL deals in kapas, cotton bales (including varieties like SANKAR-6, MCU-5, V-797, DCH-32, J-34), cotton seeds, and cotton yarn.
• Specialised Cotton: The company offers BCI Cotton and Organic Cotton.
• Job Work: ACL provides ginning and pressing services for kapas.

Manufacturing Capacity: Axita Cotton operates a ginning and pressing plant in Kadi, Mahesana district, Gujarat. The facility is equipped with 48 ginning and pressing machines, boasting a production capacity of approximately 87,600 MTPA of seed cotton. The plant is strategically located near the fertile cotton-growing regions of Saurashtra and other parts of Gujarat.

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Q2.Who are the Promoters of Axita Cotton Ltd?

Mr. Nitinbhai Govindbhal Patel, aged 53 years is a Promoter Cum Managing Director of the Company since inception. Further he is appointed as a Chairman cum Managing Director of the Company for 5 years w.e.f. October 16, 2018. He has a rich experience of more than 10 years into Oil Industries and more than 7 years in Cotton Industries.

In the year 2007, he along with other partners established Aditya Oil Industries to produce Cotton Seed Oil, Cotton cake etc. ble is actively involved in managing, planning and executing production process and to achieve desired targets. He is the guiding force behind all the corporate decisions and is responsible for the entire Business operations of the Company since his appointment.

Q3.Who are the Clients of the Company?

International Presence: ACL exports to multiple countries, including Bangladesh, China, Indonesia, Thailand, Vietnam, Europe, Morocco, and Singapore.

Global Clientele: The company serves a diverse range of clients such as DongKhanh, Hoatho, Square Textiles, Roshawa, Pacific Group, Amber, Ecom, Amsan, Olam, Nassa Group, Maksons Group, and KPR Mill.

Revenue Breakdown - FY23:

• Sales: 99%
• Other Operating Revenue: 1%

Revenue Breakdown by Product - FY23:

• Cotton Bales: 85.91% (Domestic: ~83%, Export: ~17%)
• Cotton Yarn: 12.91% (Domestic: ~98%, Export: ~2%)
• Other Cotton Consultancies: 0.78% (Entirely Domestic)

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(By Medhansh Bairaria)