Mid India Industries Ltd

Past performance
Performance overview
Mid India Industries Ltd
About Mid India Industries Ltd Mid India Industries Ltd, originally Mid India Spinning Company Limited, is a public limited company established in March 1991. The company is predominantly involved in the manufacturing of cotton textiles, yarn, fabrics, and other textile products, focusing on exports. Located in Mandsaur, Madhya Pradesh, a prominent cotton-growing region, the company commenced commercial production in January 1994 with an initial setup of 12,480 spindles. Despite initial expansions and a strategic partnership with Unimax, Italy, for production purchases, financial challenges have designated it as a sick industrial company due to losses surpassing its net worth. In the fiscal year 2021-22, Mid India Industries diversified into trading heavy plant machinery and spare parts, marking a strategic shift from its core textile manufacturing business. This pivot aims to navigate financial difficulties and explore new revenue streams, reflecting the company's adaptability in response to ongoing challenges. The potential establishment of an overseas office underscores its commitment to strengthening international market presence.
Website midindiaindustries.com
Founded 1991
Headquarters Mandsaur