Past performance
About Angel Fibers Ltd Angel Fibers Limited, established in Rajkot in 2014, specializes in the manufacturing of cotton yarn. Transitioning from a private to a public entity in 2017, the company operates two spinning units near Rajkot, Gujarat, with a combined spindle capacity of 39,648. The strategic location in a prominent cotton-growing region allows access to raw materials from Maharashtra and Saurashtra. Alongside manufacturing, Angel Fibers also trades in cotton waste, a by-product of its production process. The company launched its cotton yarn spinning operations in 2015-16 with an initial capacity of 4,363 MT per annum. In February 2018, it went public, raising Rs 18.22 crore through an Initial Public Offering. Angel Fibers' expansion and strategic initiatives align with evolving textile sector demands and governmental policies, positioning it as a significant player in the cotton yarn market.
Performance overview