Sumeet Industries Ltd., established in 1988 and headquartered in Surat, Gujarat, is a prominent manufacturer and exporter of polyester chips, polyester filament yarn (POY & FDY), and polypropylene multifilament yarn. Originally known as Sumeet Synthetics Ltd, the company became public in 1992 and has undergone several expansions to enhance its production capabilities. Noteworthy developments include a 100,000 TPA Continuous Polymerization Plant and advancements in power generation with a 17 MW captive power plant. Sumeet Industries has also expanded its global presence with subsidiaries in Nepal and Singapore.
The company has focused on increasing its spinning capacity through various projects, including a Rs. 150 crore expansion funded by equity offerings to Qualified Institutional Buyers. It has been recognized with a Gold Trophy for export excellence in the non-fabrics category. Recent developments include the commissioning of a wastage recycling plant and the enhancement of FDY production capacity. Sumeet Industries continues to innovate and expand in the textile sector.
