Bombay Dyeing & Manufacturing Company is engaged in the business of real estate development, polyester staple fiber, and retail. It was established in 1879 by Nowrosjee Wadia as a small operation of Indian spun cotton yarn dip dyed by hand. In 1961, It entered into an agreement with Tootal Broadhurst Lee. Co. Limited, Manchester, for the technical know-how and use of their patented crease-resistant and minimum-ironing processes. In 1978, the company signed an agreement with Hercofina of the USA for the purchase of equipment and machinery as well as for technology and technical services._x000D_ _x000D_ It continued its operational growth and installed 2 open-end spinning machines, 3 auto coners, 7 high-speed combers, 1 hot air stenter and some jiggers in the processing house in Mumbai during 1988. In 1998, it introduced two new brands viz Princeton and Forest Hills in Apparel and Tulip and Harmony in the home collection segment._x000D_ _x000D_ In 2002, the company unveiled 150 new designs in the bed and bath linen and home towel categories. The company launched 'Aroma Rich', its range of fragrant bed linen, in 2010. Archway Investment Company Ltd was amalgamated with the company in 2017._x000D_

Business Segments

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• Polyester Staple Fibre (PSF): Under this segment, the company is engaged in manufacturing 100% virgin Polyester Staple Fibre and textile-grade PET Chips. It is one of the 7 producers of PSF in the country, with a market share of ~12%.
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• Textile/ Retail Division: It offers linens, towels, home furnishings, leisure clothing, kid's wear, and other products through its 350+ Exclusive Bombay Dyeing Retail stores and 2000+ MBOs across India.
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• Real Estate Division: The company is engaged in the construction of residential buildings through this segment. As of FY23, the construction of the two towers at Island City Center (ICC), Dadar, is completed, and final snag rectifications are in progress.
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_x000D_ Subsidiary_x000D_ _x000D_ As of March 31, 2023, Pt Five Star Textile, Indonesia, is the only subsidiary of the company. It is primarily engaged in the production of yarn, wide fabric, embroidery fabric, etc._x000D_

Key Personnel

_x000D_ Mr. Nusli N. Wadia, Chairman / Non-Executive / Promoter Director_x000D_ _x000D_ Mr. Nusli N. Wadia is the company's chairman. He holds the position of Chairman at The Bombay Burmah Trading Corp. Ltd., Chairman at Leila Lands Sdn. Bhd. (a subsidiary of The Bombay Burmah Trading Corp. Ltd.), Chairman at Britannia Industries Ltd., Chairman of Bombay Dyeing & Manufacturing Co. Ltd._x000D_ _x000D_ Corporate Actions_x000D_ _x000D_ The company has no history of bonus issues of shares, stock splits and other corporate actions._x000D_

Management Outlook

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• With respect to the Realty segment, the company believes that the business is well-positioned in the micro-market as it enjoys the benefits of two large contiguous land parcels.
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• Currently, the business is using a lean-cost business strategy. The retail division has boosted distribution and taken the required precautions to lower credit risk.
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• The company believes that the opportunity for PSF is driven by its durability, versatility of end usage and lower prices as compared to cotton and other fibres, natural or man-made.
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