Lakshmi Mills

2021-11-11T03:48:47Z

103.81.33.248:

{{Use dmy dates|date=February 2018}}
{{Use Indian English|date=February 2018}}
{{Infobox company
| name = The Lakshmi Mills Company Limited
| logo =
| type = [[Public company|Public]] |
| foundation = 1910
| location = [[Avinashi Road]], Papanaickenpalayam, [[Coimbatore]], [[Tamil Nadu|TN]], [[India|IN]]
| founder = [[G. Kuppuswami Naidu]]
| key_people = S. Pathy <br />([[Chairman]])<br /> R. Santharam <br />(Vice Chairman)
| industry = [[Textile]]
| products = [[Textile]] [[Yarn]],Textile [[Garments]], [[Weaving]] and [[Spinning (textiles)|Spinning]]
| revenue = [[Indian rupee|INR]] 2.21 Billion (Balance Sheet info)
| parent = [[Lakshmi Machine Works]]
| num_employees =
| homepage = [http://www.lakshmimills.com]
}}

'''Lakshmi Mills''' Company is a major [[textile]] [[yarn]] and [[cloth]] [[manufacturer]] in [[Coimbatore]], India. The company was established by G.Kuppuswamy Naidu in 1910.

It has two composite textile units in [[Coimbatore]]: Avinashi Road and [[Palladam]] and one in [[Kovilpatti]]. The promoters of the mill were also instrumental in starting various textile machinery companies notably [[LMW]] and medical and educational institutions. The unit in Coimbatore in [[Papanaickenpalayam]] is also a well known famous landmark of the city.

==History==
[[File:Lakshmi Mills old gate 2010 (1).jpg|thumb|left|Lakshmi Mills main gate facing Avinashi Road in [[Coimbatore]]]]
The founder [[G. Kuppuswami Naidu]] born in Papanaickenpalayam, Coimbatore was into cotton ginning and trading. Lakshmi Mills was incorporated in 1910 as a composite [[textile mill]] to produce cotton yarn and fabric cloth under ‘Lakshmi Mills’ label in Avinashi Road. In mid-1940s second unit was started at [[Kovilpatti]], Tamil Nadu and in mid-1960s [[Palladam]] unit commenced operations.
In 1977, Coimbatore Cotton Mills, established in the 1930s as a composite textile unit [[Singanallur]] was merged into Lakshmi Mills. This unit was under Lakshmi Mills management since the 1950s. By 1960s staple fibre production was added to the product line. The company had showrooms in prominent cities and town in South India to sell suiting, shirts, sarees and other textile products

==Group expansion==
Lakshmi Mills was also instrumental in the group's expansion into textile machinery companies like [[LMW]], Lakshmi Automatic Looms, Lakshmi Card Clothing, Lakshmi Ring Travellers. The management along with R.Venkataswamy family set up the viscose staple yarn production unit South India Viscose with technology license from [[SNIA Viscosa]] of Milan, Italy .

Lakshmi Mills manufactures 100% combed cotton yarns in NE 50s to NE 120s, polyester cotton blended yarns in NE 40s to NE 100s. In addition, the Company manufactures 100% lenzing micro modal/modal/tencel yarns, micro modal/modal cotton blended yarns, 100% micro tencel yarn, tencel/cotton blended yarn.

==Notable directors==
Notable directors and founding family members include [[S.Karivardhan]], a then Indian [[motorsport]] personality and founder's managing director, G. K. Devarajulu, then Managing Director and founder of [[LMW]],<ref>{{cite news|url= http://www.thehindu.com/todays-paper/tp-national/tp-tamilnadu/ram-lakshman-of-textile-city-architects-of-coimbatore/article373852.ece|title=The Hindu : Ram, Lakshman of textile city Architects of Coimbatore:|last= Satyamurty |first=G|publisher=The Hindu|accessdate=15 March 2015|location=Chennai, India|date=13 January 2009}}</ref> G. K. Sundaram, a freedom fighter.<ref>{{cite news|url= http://www.thehindubusinessline.com/todays-paper/tp-corporate/lakshmi-mills-chairman-gk-sundaram-dead/article1051928.ece| title=The Business Line : Lakshmi Mills chairman G.K. Sundaram passed away|last= Revathy |first=L N|publisher=The Business Line|accessdate=8 May 2016|location=Chennai, India|date=19 May 2009}}</ref><ref>{{cite news|url=http://www.thehindu.com/todays-paper/tp-national/gk-sundaram-doyen-of-textile-industry-passes-away/article286521.ece|title=The Hindu : G.K. Sundaram, doyen of textile industry, passes away|author= Staff Reporter|publisher=The Hindu|accessdate=8 May 2016|location=Chennai, India|date=19 May 2009}}</ref>

The company was also instrumental in promoting various sports, notably [[cricket]], [[field hockey|hockey]], [[motorsports]], and [[horse racing]].<ref>{{cite news|url= http://www.thehindu.com/todays-paper/tp-national/tp-tamilnadu/ram-lakshman-of-textile-city-architects-of-coimbatore/article373852.ece|title=The Hindu : Ram, Lakshman of textile city Architects of Coimbatore:|last= Satyamurty |first=G|publisher=The Hindu|accessdate=15 March 2015|location=Chennai, India|date=13 January 2009}}</ref><ref>{{cite news|url=http://www.thehindu.com/todays-paper/tp-national/tp-tamilnadu/coimbatore-pays-homage-to-gk-sundaram/article256168.ece|title=The Hindu : Young World : Coimbatore pays homage to G.K. Sundaram :|author=Staff Reporter|publisher=The Hindu|accessdate=15 March 2015|location=Coimbatore, India|date=12 January 2009}}</ref>

==References==
{{Reflist}}

== External links ==
{{Commons category|Lakshmi Mills}}
* [https://web.archive.org/web/20160214063228/http://lakshmimills.com/history.html Lakshmi Mills] Lakshmi Mills Company Website

[[Category:Textile companies of India]]
[[Category:Companies based in Coimbatore]]
[[Category:Textile industry in Tamil Nadu]]
[[Category:Indian companies established in 1910]]
[[Category:Manufacturing companies established in 1910]]

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Lakshmi Mills