GTN Industries Ltd, formerly GTN Textiles Ltd, is a prominent player in the textile industry, founded in 1962 and integrated into the GTN Patodia group in 1966. The company is recognized for being the first Indian entity to export cotton yarn to Japan and Italy. It operates production facilities in Telangana and Maharashtra, specializing in the spinning and doubling of yarn. Over the years, GTN Industries has expanded its capacity and modernized its facilities, supported by initiatives like the Technology Upgradation Fund Scheme. The company underwent a significant restructuring in 2005, demerging its Aluva Unit and other assets to GTN Industries Ltd, which led to a name interchange with GTN Textiles Limited.
GTN Industries boasts a spindle capacity of 70,336 across its Nagpur and Medak units, with additional processing and doubling units. Despite facing classification as a potentially sick company in 2015-16, the company continues to focus on product diversification, strategic marketing, and cost control to maintain its market position.
