CLC Industries Limited, originally Spentex Industries Ltd, is a textile manufacturing company under the RP Goenka Group, established in 1991. The company specializes in producing combed cotton yarn used for textiles and hosiery, with significant exports to regions such as Western Europe, Southeast Asia, the US, West Asia, and the Caribbean. Over the years, CLC Industries expanded its market reach, including new territories like Tunisia and Bangladesh.
The company underwent significant structural changes, including mergers and acquisitions, such as the integration of CLC Global Ltd. and Indo Rama Textiles Ltd. These mergers expanded its operational capacity and market presence. Despite these expansions, the company faced financial difficulties, with its net worth being fully eroded and reported to the Board for Industrial and Financial Reconstruction (BIFR). CLC Industries' strategic moves and expansions, including setting up a new unit in Ahmedabad, underscore its efforts to enhance production capabilities and market reach.
