Gujarat Hy-Spin Limited, established on February 1, 2011, initially as a private entity, transitioned to a public company in August 2016. It is primarily engaged in manufacturing and processing yarn, focusing on cotton yarns. The company was founded by Maganbhai Parvadiya and Chandulal Parvadia, who have extensive experience in cotton ginning and pressing, having been involved in the cotton industry for over two decades. Initially involved in trading cotton bales, seeds, and wash oil, Gujarat Hy-Spin shifted to yarn manufacturing in 2013, catering mainly to the domestic market with some third-party exports.
In January 2018, the company executed an IPO, raising Rs 4.45 crore. Its manufacturing facilities, spanning 15,381.28 square meters, are equipped with modern amenities such as a blow room, humidification, and contamination sorting facilities. Additionally, it features a Uster test laboratory to ensure yarn quality. Gujarat Hy-Spin distributes its cotton yarns directly to industrial units and through traders for weaving and other industrial uses.
