Anil Tandon, MD, Tex Corp
In our quest to find what Indian Textile and trims/embellishment manufacturers are doing towards innovations and innovative practices in the global context, Team Attire World (AW)/Textile Treasure (TT) caught up with Anil Tandon, MD & CEO of Tex Corp Ltd, and Chairman of other Industry verticals owned by TEX.
In an exclusive interview with J.K.Arora, Editor, Attire World and Editor-in-Chief, TEXTILE TREASURE
, Anil Tandon
, came across as a multi faceted leader, extremely focused, visionary, with impressive qualifications : B.Tech from IIT Kanpur, Post Graduate in Management from IIM Ahmedabad.
said, "After establishing ourselves in the Indian market, our next goal was to tap other global apparel and home textile manufacturing hubs in order to increase our market presence and share.
So we are moving closer to the markets to serve the user industry with speed, personalized service and competitive prices.
Our Motto is captured in the TEX logo bye-line: Quick and Reliable."
The Turkey experience gave us the confidence to expand further into the international markets and hence the idea of establishing a factory in Bangladesh, said Anil Tandon
In fact, the endorsements to our products by way of nominations and being made preferred supplier by internationally well known and reputed labels such as Banana Republic
, Dunnes Stores
"s, Next, Oasis, Old Navy
, OTTO, Redcats
, etc. made us feel more sure footed about the international expansions, added Tandon
: Manufacturing and marketing of zip and slide fasteners of all types and varieties has been our mainstay for over 2 decades.
: No doubt R & D pays and helps put up strong foothold in any market.
: We are a zipper company and hence we are concentrating in our area of operation except that we have become over the period a fully integrated company - manufacturing all the parts of a zipper i.e. slider/puller, elements/teeth and tape.
As to the capacity building, I can say that over the years we have added 3 new production facilities to the one we began with in 1987 at Gurgaon - one at Roorkee (Haryana) and two others at Istanbul (Turkey) and at Dhaka (Bangaladesh).
We are now looking to leverage on our strengths in die casting, electro plating and metal working in an effort to introduce metal components including metal buttons and snap fasters in the near future.
: Looking at new set ups, one gets curious enough to find out how have you funded them?
Anil: In fact, the production facility at Istanbul (Turkey) is a joint venture with a local partner with major share holding by Tex, while the facility at Dhaka (Bangladesh) is 100 % subsidiary of Tex Corp.
Ltd. and the fund requirements have been met through internal accruals and loans.
Anil Tandon, MD, Tex Corp
: CSR is one such approach through which corporates encourage a positive impact through its activities on the environment, consumers, employees and communities.
Are such initiatives by corporates merely window-dressing or do they really help communities and environment?
What are the Tex Corp's
initiatives in this behalf?
: Corporate social responsibility (CSR) is a form of corporate self-regulation integrated into a business model.
: The company is on track for 20 % top line growth in the current year, and with Bangladesh coming on steam, aiming for 30 % growth next year.
: Current market scenario is not very good at the moment - though a quick recovery is being predicted by many.