Shiva Texyarn Limited
Indian textile manufacturer producing yarn, fabrics, garments, dry sheets, and home textiles.
Last updated August 25, 2026
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Overview
Shiva Texyarn Limited is an Indian textile manufacturing company headquartered in Coimbatore, Tamil Nadu. Its activities extend beyond yarn production to include fabrics, garments, dry sheets, and home-textile products serving textile and apparel applications. The company is associated with the Bannari Amman Group and Bannari Amman Spinning Mills, a major textile business group in India. The present company was incorporated in March 2002. It followed the reorganization and renaming of an older financial-services entity. Annamalai Finance Private Limited was established on 28 May 1980 and became a public company in November 1985. The company subsequently operated as Annamallai Finance Limited, commonly abbreviated as AFL, before changing its name to Shiva Texyarn Limited in October 2002. This transition marked the movement of the listed entity toward textile manufacturing. Shiva Texyarn is listed on both major Indian stock exchanges, the Bombay Stock Exchange and the National Stock Exchange of India. Its securities trade under BSE code 511108 and NSE symbol SHIVATEX. Public information identifies S. K. Sundararaman as managing director. The company is described as having substantial shareholder connections to the Bannari Amman group, with the publicly traded portion representing a relatively small float. Its product portfolio includes cotton and blended yarns, woven or textile fabrics, garments, dry sheets, and home textiles. These categories place the company across several stages of the textile value chain rather than limiting it to commodity yarn manufacture. Available company recognition and certification references include OEKO-TEX certification, WRAP certification, Global Organic Textile Standard certification, and quality-management recognition associated with the Quality Circle Forum of India and JUSE 5S. The company’s public positioning is that of an Indian textile manufacturer with an integrated or diversified product base. It serves domestic textile and apparel markets, while its certifications indicate an emphasis on product safety, responsible production, organic-textile requirements, workplace practices, and manufacturing discipline. Detailed current revenue, capacity, export shares, ownership percentages, and product-level financial information are not established in the supplied reference material and are therefore omitted.
History
Shiva Texyarn Limited has roots in a company that was originally created outside the textile sector. Annamalai Finance Private Limited was established on 28 May 1980. It later became a public company on 25 November 1985 and operated under the name Annamallai Finance Limited, or AFL. The earlier company history is relevant because the current listed textile company emerged through a change in corporate identity and business direction rather than from a newly created textile enterprise with no predecessor. The present Shiva Texyarn entity was incorporated in March 2002. In October of the same year, the company changed its name from Annamallai Finance Limited to Shiva Texyarn Limited. The renaming reflected its textile-manufacturing orientation and established the corporate identity under which it is now known. The available reference material does not provide a detailed account of the transaction structure, assets transferred, or the exact timing of operational commencement in each textile segment. Following the transition, the company developed a product scope covering yarn, fabrics, garments, dry sheets, and home textiles. Yarn remains an important part of its identity, including cotton and blended yarns, but the broader portfolio gives the business exposure to downstream textile and apparel applications. This range suggests a strategy of participating in several parts of the textile supply chain rather than concentrating exclusively on spinning. Shiva Texyarn is based in Coimbatore, Tamil Nadu, a prominent Indian textile-manufacturing region. The company is associated with the Bannari Amman Group and Bannari Amman Spinning Mills. Reference material describes it as an associate of the group and indicates that shareholders connected to the group hold a substantial majority interest, leaving a relatively limited public float. Exact current ownership figures are not supplied here. The company is listed on the Bombay Stock Exchange under code 511108 and on the National Stock Exchange of India under the symbol SHIVATEX. S. K. Sundararaman is identified as managing director. No additional current or former executives are identified in the supplied material. Quality and responsible-production credentials cited for the company include OEKO-TEX certification, WRAP certification, Global Organic Textile Standard certification, and recognition connected with the Quality Circle Forum of India and JUSE 5S. These references indicate attention to textile-product safety, organic-material requirements, workplace and ethical manufacturing practices, and structured factory improvement. The supplied sources do not establish the dates, scopes, or current validity periods of each certification. Publicly available reference material supplied for this dossier does not provide reliable figures for revenue, profits, production capacity, workforce, export volume, or recent corporate developments. It also does not document specific campaigns, litigation, recalls, scandals, acquisitions, or major product launches. Those fields remain empty rather than being inferred from the company’s general textile activities.
- 2002
Current company incorporated
[1]Shiva Texyarn Limited was incorporated in March 2002.
- 2002
Corporate name changed to Shiva Texyarn
[1]In October 2002, the listed entity changed its name from Annamallai Finance Limited to Shiva Texyarn Limited.
- 1985
Predecessor becomes a public company
[1]Annamalai Finance Private Limited became a public company on 25 November 1985 and subsequently operated as Annamallai Finance Limited.
- 1980
Predecessor established
[1]Annamalai Finance Private Limited, the predecessor associated with the later listed company, was established on 28 May 1980.
Stock-exchange listing
[1]The company is listed on the Bombay Stock Exchange as 511108 and on the National Stock Exchange as SHIVATEX.
Products and positioning
Diversified Indian textile manufacturer with yarn production and downstream fabric, garment, dry-sheet, and home-textile capabilities.
Yarn
Cotton yarn
Cotton yarn is one of Shiva Texyarn’s core textile products. It is used as an input for fabric, apparel, and other textile manufacturing. The supplied references identify cotton yarn as part of the company’s manufacturing range but do not specify counts, spinning systems, capacity, or detailed end-use segmentation.
Yarn
Blended yarn
The company also produces blended yarns for textile applications. Blended constructions combine different fibres or fibre types to achieve particular performance, appearance, or cost characteristics. No detailed fibre mix, count range, or branded yarn family is identified in the supplied material.
Textile fabrics
Fabrics
Shiva Texyarn’s activities include fabric manufacturing, extending its role beyond spinning into a downstream textile category. The available references do not specify whether particular fabric products are woven, knitted, technical, or home-textile focused, so no narrower classification is assigned.
Apparel
Garments
Garments form part of the company’s stated textile-manufacturing portfolio. This gives Shiva Texyarn exposure to finished apparel production in addition to yarn and fabric. Specific garment brands, categories, customers, and production locations are not identified in the supplied sources.
Textile products
Dry sheets
Dry sheets are listed among the company’s manufactured products. The references do not provide enough information to determine their exact material, technical specification, or primary market, so they are recorded as a broad product category.
Home textiles
Home textiles
The company manufactures home-textile products as part of its diversified textile offering. The supplied material does not identify specific products such as bedding, towels, or furnishings, and therefore no narrower assortment is attributed to the brand.
Sources2 sources
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