Oswal Yarns

Oswal Yarns Limited is a public company established in 1982, operating within the Indian textile sector by manufacturing and trading yarn and cloth. Due to an increasingly competitive environment and persistent losses, the company's board has approved the sale of its main land asset in Ludhiana. The company views its location in the industrial town of Ludhiana and the strong competence of its promoters as key strategic advantages. Its business activities are focused on a single segment, which is the manufacturing and trading of knitted cloth. The company's performance has been impacted by a volatile economic environment, stiff competition, and the absence of supportive government policies. For the financial year 2023-24, its revenue from operations saw a slight increase to ₹194.04 lakhs.;