Mukesh Trends Lifestyle files for IPO, plans to raise Rs 90 crore

MTLL started commercial production in 1900s and has business operations in nine states and one union territory. It has a diverse offering across cellulosic products like cotton, rayon, viscose as well as dyed and printed knitted, woven and blended fabrics which have wide-scale applications in the garment industry.

Due to rising demand from markets like China, Turkey and Brazil, the company intends to set up a new manufacturing unit to process knitted denim fabrics. MTLLs exports grew at a compound annual growth rate of 367 per cent from Rs 50 lakh in 2016-17 to Rs 11 crore in 2018-19.
India continues to be a major exporter of textiles while the United States and Europe continue to be major importers.