CITI’S YOUNG ENTREPRENEURS GROUP

The Young Entrepreneurs Group (YEG) of Confederation of Indian Textile Industry has grown substantially since its inception in March 2003. The Group, comprising young entrepreneurs in the textile industry holding management positions, has expanded from 25 members in 2004-05 to 40 members in 2019-20. More importantly, the membership has expanded beyond members from spinning and weaving segments to clothing and machinery manufacturers. This was the result of a conscious effort on the part of the members to expand the membership base, keeping in view CITI’s broad basing initiatives. Any entrepreneur less than 40 years of age and holding a management position in a textile unit is eligible to join the Group.

Activities of the Group

The Group usually meets at least 4 times a year and some expert is called in the meetings of the Group for speaking on specified subjects, which could form the subjects for discussions in the meetings.

YEG subscription payment details

Each member has to pay an admission fee of Rs. 25,000/- and an annual subscription fee. The annual fee for each year is decided by the Group in its Committee meeting. The fee for 2019-20 is Rs. 10,000/- + GST. Normal fee cycle starts with the financial year.

Activities of YEG Group since its inception

F.Y. Date Description
2003-04 24-07-2003 First meeting of YEG held in Mumbai.
  23-09-2003 Second meeting of YEG held in Mumbai. Mr. B.K. Krishnaraj Vanavarayar, then Chairman, ICMF addressed the group.
  04-12-2003 Third meeting of YEG held in Bangalore. Mr. Jagdish Hinduja from Gokaldas Images made a presentation on the expectations of the clothing sector from the upstream segments of the textile industry.
  04-03-2004 Fourth meeting of YEG held in New Delhi.  Mr. Donald Peck, Managing Director, Partner of Actis for South Asia addressed the Group on different financing options, with special emphasis on private equity.
  12-07-2004 Fifth meeting of YEG Group held in Mumbai. Mr. Gulu Mirchandani, CMD of Mirc Industries (Manufacturers of ONIDA) made a presentation.
  21-09-2004 Sixth Meeting of YEG held in Mumbai. Mr. Suresh Lulla, MD, Qimpro Consultants Pvt. Ltd. discussed the relevance of ‘Cost of Poor Quality’ in Management.
2004-05 07-12-2004 First meeting of YEG Group in 2004-05 held.
  07-03-2005 Second meeting of YEG Group in 2004-05 held.
  22-07-2005 Third meeting of YEG Group in 2004-05 held.
2005-06 27-09-2005 First meeting of YEG Group in 2005-06 held in Mumbai.
  17-03-2006 Second meeting of YEG Group in 2005-06 held in Mumbai.
  (23-24)-06-2006 YEG – Hyderabad Residential Programme. Visit to Satyam, Stanza, CII-Green Business Centre, Microsoft Development Centre, Priyadarshini Spinning Mills. Interactive Meeting with Dr. Vivekanand, President of CII’s  Andhra Pradesh Unit.
  24-06-2006 Third meeting of CITI YEG for the year 2005-06 was held in Hyderabad.
  (9-13)-10-2006 A twelve member delegation of CITI’s YEG visited some important textile cities in Turkey. The five day tour covered six units comprising, some integrated weaving and processing centers, some leading garment manufacturers and textile trading companies.
2006-07 02-03-2007 The first meeting of CITI YEG for 2006-07 was held in New Delhi.  Mr. Ashwini Sharma, Asst. Vice President, Industrial Relations, Vardhman Group made a presentation on the HR Practices and the philosophy adopted by the organization for retention and training of manpower in the Vardhman Group.
  03-03-2007 Seminar on Impact of PTAs & FTAs on Indian Textiles and Clothing Industry held in New Delhi.
  14-05-2007 An inter-mill survey for important production parameters was conducted by CITI YEG, in association with NITRA for the third quarter of 2005-06. As a follow up to that, an interactive half day meet of the YEG members with the CEO’s of their companies was held on 14th May 2007 in New Delhi. The meeting was organized to discuss the results of the survey with a view to identify their relative inefficiencies and chalk out action plans for achieving greater production efficiencies. The meeting was also attended by officials from NITRA. 13 mills participated in the survey.
2007-08 12-10-2007 YEG AGM held in Mumbai. Mr. Salil Chaturvedi from Provogue made a presentation on ‘Integration / Collaboration of the Supply Chain for Domestic Markets’.
  (22-24)-08-2008 A Two day Annual Retreat of YEG member was organized at Goa. 25 persons attended the retreat.

On 23rd August, three business sessions were organized. In the first business session on Leadership and DNA-The connect, Mr. Sandeep Chaudhary, Director, Maps n Grow Consulting, made a presentation on the leadership challenges of CEOs in the changing global business system.
In the second business session, Mr. B C Mahesh, Head projects (power division), Thermax, explained the cost effective ways of attaining power in the coming era and the plans thermax unveils in the power sector.
Mr Richakant Mishra, Head, Risk Management Solutions, Dun &Bradstreet made a presentation on ‘Partner in Progress of the Textile Industry.’

2008-09 25-09-2008 YEG AGM held in Mumbai.
  16-02-2009 Members of the YEG Group met at Ahmedabad. Mr. Sanjay Lalbhai, Arvind Mills addressed the Group. Presentations by IIT & TIFAC on Roadmap for Textile Industry.
  11-07-2009 YEG meeting held in Mumbai. Mr. S.V. Prasad, Head, Schroders India (Global Asset Management Company) addressed the Group.
2009-10 18th September 2009 The Annual General meeting of CITI-YEG was held in Mumbai on 18th September 2009.  In the meeting members elected the new Chairman and Vice Chairman of CITI-YEG for the year 2009-2011.  Shri Adarsh Kanoria, Chairman and Managing Director of Bengal Tea & Fabrics Ltd. as the Chairman and Shri Sridhar Varadaraj Managing Director, Premier Evolvics Pvt. Ltd. as the Vice Chairman of CITI-YEG for the year 2009-2011.
  6th of November, 2009 CITI-YEG visits Birla Century, Vardhman Acrylic and Birla Cellulose

The members of the Young Entrepreneurs Group of the Confederation of Indian Textile Industry (CITI-YEG) organized a factory visit at major textile plants in Gujarat on 6th of November, 2009. The YEG team led by Shri Adarsh Kanoria, Chairman, CITI-YEG visited the new state of the art factory of Birla Century at Bharuch, Vardhaman Acrylic at Bharuch and Birla Cellulose at Kharach. Birla Century, Jhagadia, Bharuch The members had an extensive tour inside the plant and were briefed by senior officials of the factory, on the features of various units. They also visited the gas based captive power plant and the effluent treatment unit inside the factory. Located near Jhagadia in the Bharuch district of Gujarat, Birla Century is spread over 100 acres of land. The total constructed area of the mill covers about 45 acres of land utilized for landscaping. The mill has a capacity of producing around 25 million meters of high quality fine and super fine 100% cotton fabrics with employee strength of about 1,200 people. Set up with an investment of about Rs. 850 crore, Birla Century has state-of-the art machines with about 95% of them imported from countries such as Germany, Switzerland, Belgium and USA. Birla Century also has an Effluent Treatment Plant with zero discharge and a captive power plant generating energy from piped natural gas. YEG members were welcomed by senior officials of the plant. They took the delegation around the different units and explained on the innovative features of the production process. Later, Shri R.K. Dalmia, Senior President, Birla Century, hosted a reception to the YEG members at the factory guest house. Mr. U C Garg, Joint President, Birla Century and senior officials of the unit were present at the reception.

Vardhman Acrylics Ltd

The CITI-YEG members visited the Vardhman Acrylics Ltd. (VAL), the joint venture between Vardhman with two leading Japanese business houses namely, Japan Exlan Co. Ltd., a part of Toyobo Group of Japan and Marubeni Corp., Japan. The company has set up an 18000 TPA Acrylic Staple Fibre and Tow production plant at Jhagadia, Distt. Bharuch in the State of Gujarat, India. The world class wet spun technology for the manufacture of Acrylic fiber /Tow has been sourced from Japan Exlan Co. Ltd., Japan. It is a state of the art, highly automated production facility making it amongst the most advanced plants of it’s’ type in the world. Prior to this visit, Mr. Bhushan Lal Uppal, Senior Vice President, Vardhman Acrylics Ltd., made a brief presentation regarding the production process of the factory.

Birla Cellulose and TRADC

The CITI-YEG delegation also visited the Birla Cellulose Factory and the Textile Research and Application Development Centre (TRADC) at Birladham, Kharach. TRADC carries out recipe formulation for innovative fabric designs and thereafter the product and process technology know how is transferred to the textile value chain. It facilitates bulk order fructification by routinely manufacturing mid bulk fabric and yarn quantities based on customer orders. TRADC provides technical projects and training services for academics for updating and upgrading skills.

The YEG delegation was received by Mr. Sunay Kamat, Executive President and unit head of Birla Cellulose. The delegation had extensive discussions with senior officials of Birla Cellulose and the TRADC on Fibre innovations like Birla Modal, Birla Excel, Flame retardant.

4th March, 2010 CITI-YEG Committee meeting and TOYOTA Factory Visit at Bidadi Plant

The Committee of CITI-YEG met in Bangalore on 4th March, 2010 and discussed the Union Budget, 2010-11 proposals and its impact on the textile and clothing industry. On 5th of March, 2010, CITI-YEG members visited Toyota factory and senior officials of the factory explained the Toyota Management practices. The members also had a tour inside the plant to see the manufacturing facilities of the auto giant. Later YEG members also visited the Toyota Kirloskar factory.

27-29 Aug 2010 YEG Annual Retreat at Goa

·         Session with Nandini Vaidyanathan on  ‘What is expected of the Business Leaders of today’. Nandini is an alumnus of Delhi School of Economics and also London School of Economics.

2010-11 20th Nov 2010 CITI YEG Meeting at New Delhi under the chairmanship of Shri Adarsh Kanoria, Chairman, CITI-YEG. Interactive Meeting with Shri Raj Jain, Managing Director, Bharti-Walmart.
17th March, 2011 CITI YEG Meeting at Mumbai
Discussion on
1)       Export Restrictions of Cotton Yarn : Impact
2)       Rising Prices of Cotton
3)       Distortionary duties on textile and textile machinery industry
4)       Impact of rising Power, Interest and Labour cost on the textile and clothing Industry
5)       Forthcoming Activities of CITI-YEG
2011-12 9th September 2011 Annual General Meeting of CITI-YEG

The major items on the agenda were selection of New Chairman and Vice Chairman of CITI-YEG, followed by discussion on Industry related issues, Future activities of CITI-YEG.

2012-13 5th March 2012 CITI-YEG meeting Hotel Westin, Mumbai
27th June 2012 CITI-YEG meeting Hotel Grand Hyatt, Mumbai
5th December 2012 CITI-YEG meeting Hotel Grand Hyatt, Mumbai. Mr Jai Shroff, CEO, United Phosphorous and Mr B S Nagesh, Vice Chairman, Shoppers Stop, addressed the YEG Meeting.
2013-14 24th – 26th April 2014 A delegation comprising of members of CITI-YEG group, led by Mr. Sunil Goenka, Chairman, CITI-YEG visited some of the factories in Sri Lanka during 24 – 26th April 2014.
23rd Sep 2014 Members of the Young Entrepreneurs Group of CITI met at 5.00 pm on 23rd September 2014 at Hotel Westin, Mumbai to discuss the emerging textile and clothing business scenario and the global trends.
2015-16 30th June 2016 YEG Group Meeting held in Mumbai. Shri Naishadh Parikh, then Chairman, CITI was Guest of Honor at the meeting.
28th September 2016 YEG Group met in Mumbai at 4 pm at Hotel ITC Maratha. Mr. Prashant Agarwal from Wazir Advisors made presentation on “China-Present scenario and its impact on Indian Textiles. Apnajugaad.com also made a live demo of their software with case study discussion on “Best Procurement Practices” before the Group Members.
18th November 2016 YEG Group meeting held in Jaipur at 4.30 pm coinciding with ITMF 2016 Annual Conference. The Group’s discussion included Impact of GST, Effect of Demonetization on Textiles, etc. The Group also discussed about proposed Visit to China in March 2017.
CITI YEG Member Profiles: 2019-20
1 Mr.Ashish Saraf
(Chairman-CITI YEG)
CFO
Technocraft Industries (I) Ltd.
A-25, MIDC Marol Industrial Area
Road No. 3, Andheri (E)
Mumbai – 400093
Maharashtra
2 Mr.Rajjnish Aroraa
(Vice Chairman-CITI YEG)
Vice Chairman
Dicitex Furnishings Limited
Palm Court Complex, “M” Building, “B” Wing, 3rd Floor,
Malad Link Road, Malad (West)
Mumbai – 400 064
Maharashtra
3 Mr.A. Niranjan Sankar
Vice President
Sree Ayyanar Spinning & Wvg. Mills Ltd.
Mill Premises, Mallanginar-626109
Virudhunagar Dist.
Tamil Nadu
4 Mr.Adarsh Kanoria
CMD
Bengal Tea & Fabrics Ltd.
Century Towers, 4th Floor
45, Shakespeare Sarani
Kolkata
5 Mr.Adish Oswal
Executive Director
VARDHMAN POLYTEX LTD. (OSWAL GROUP)
Plot No.341, K-I, Mundian Khurd,
PO Sahabana, Chandigarh Road,
Ludhiana – 141 123
Punjab
6 Mr.Amit Gopal Patodia
CEO / Sr. President
PBM Polytex LTd. (Patodia Eurotex Group)
8th Floor, Rama Krishna Chambers
Productivity Road
Baroda – 390007
Gujarat
7 Mr.Ashish Bagrodia
Chairman & Managing Director
Winsome Textile Industries Ltd.
SCO: 191-192, Sector 34-A
Chandigarh – 160 034
Punjab
8 Mr. Sunil Goenka
Director
Texport Syndicate (I) Ltd.
Plot No. 6, F-11/12, WICEL Opp. SEEPZ, Central Road, MIDC
Andheri (East)
Mumbai – 400 093
Maharashtra
9 Mr.Chintan Patel
Director
Deesan Tex-Fab P. Ltd. (Priyadarshini Group)
4/A, Vikas Center, 104, S.V. Road
Santacruz (West)
Mumbai-400054
Maharashtra
10 Mr.Manish B. Mandhana
Joint Managing Director
Mandhana Industries Ltd.
205-214, Peninsula Centre, Dr. S.S. Rao Road
Lower Parel (E)
Mumbai – 400 012
Maharashtra
11 Mr.Manish Kumar
Managing Director
Ritspin Synthetics Ltd.
Crescent Tower, 5th Floor
229 AJC Bose Road
Kolkata – 700 020
Kolkata
12 Mr.Mohit Jain
Executive Vice Chairman
Indo Count Industries Ltd.
1101, Arcadea Building, NCPA Marg
Nariman Point
MUMBAI – 400 021.
Maharashtra
13 Mr.Kapil Choudhary
Deputy Managing Director
Spentex Industries Ltd.
A-60, Okhla Industrial Area, Phase-II
New Delhi -110020
Delhi
14 Mr.Ritesh Agarwal
Managing Director
Rajvir Industries Limited
105, 1st Floor, Surya Towers
Sardar Patel Road
Secunderabad – 500 003.
Andhra Pradesh
15 Mr.Rajiv Patodia
Executive Director
Eurotex Industries & Exports Ltd.
809, Raheja Chambers, 8th Floor,
213, Nariman Point
Mumbai – 400 021.
Maharashtra
16 Mr.Sanjeev Mukhija
Managing Director
Goldenseam Textiles Pvt. Ltd.
# 45, Heggadadevanapura Village, Dasanapura Hobli,
Opp Himalaya Drugs Co., Golden Palm Resort Road, Off Tumkur Road,
Bangalore – 562 123.
Karnataka
17 Mr.Saket Jaipuria
Executive Director
Ginni Filaments Ltd.
H-6, Sector 63, N.H. 24
NOIDA – 201 301
Uttar Pradesh
18 Mr.Umang Patodia
Managing Director
Patspin India Limited
Palal Towers, 3rd Floor,
M. G. Road, Ravipuram,
Kochi – 682 016
Kerala
19 Mr. Shailesh Goenka
Director
Texport Industries Pvt Ltd,
506, Hubtown Solaris,
N. S. Phadke Marg,
Andheri(E),
Mumbai 400 069.
Maharashtra
20 Mr.Vishal Lohia
Director
Indo Rama Synthetics (I) Ltd.
20th Floor, DLF Square,
DLF City Phase II,
Gurgaon-122002.
Haryana
21 Mr.Neelabh Dalmia
Director
GHCL Ltd.
9, Tees January Marg
New Delhi
22 Mr.Prashant Mohota
Managing Director
Gimatex Industries Pvt. Ltd.
Ram Mandir Ward,
Hinganghat – 442301
Maharashtra
23 Mr.Vishal V. Chiripal
CEO
Chiripal Ind. Ltd.
11, Nandi Hill Society, Opp. ISRO Satellite
Ahmedabad-15
Gujarat
24 Shri Rakesh Somani, 
Director,
Sumicot Limited
(Formerly known as: Sumeet Poly Power Limited)
504, Trividh Chamber,
Opp. Fire Brigade Station,
Ring Road, SURAT-395 002
Gujarat (INDIA).
25 Mr.Harsh Piramal
Executive Vice Chairman
Morarjee Textiles Ltd.
2, Peninsula Spenta, Mathuradas Mills
Senapati Bapat Marg, Lower Parel
Mumbai – 400 013
Maharashtra
26 Mr.Manoj Agarwal
Director
Shubhalakshmi Polyesters Ltd.
401, A-Wing, Oberoi Chambers
New Link Road, Andheri (West)
Mumbai-400053
Maharashtra
27 Mr.Shantanu Daga
Director
Deepak Spinners Limited
SCO 16, Sector 26, Madhya Marg
Chandigarh-160019
Punjab

 

28 Mr.Hidhay K.
Managing Director
Systel Group of Companies
B-T9A, Royal Sheraton
Ramanathapuram
Coimbatore-641045
Tamil Nadu
29 Shri Vicky Jhunjhunwala
Director
Vicky Fashion Limited
Unit No. 232, Sanjay Bldg. No.5-B
Mittal Industrial Estate
Andheri Kurla Road
Andheri (East)
Mumbai-400059

 

30 Mr. Gokul K.
Director
Sri Jayajothi & Co. Ltd.
70, Alagai Nagar
Rajapalayam – 626117
Tamil Nadu
31 Shri Aditya Biyani
Director
Damodar Industries Ltd
A 1/202, Centre Point, 243 – A
N.M. Joshi Marg
Lower Parel (E)
Mumbai – 400 013
32 Shri Yogesh Bangur
Managing Director
Maharaja Shree Umaid Mills Ltd.
Jodhpur Road
Pali – 306 401
Rajasthan
33 Shri Shivek Gupta
Director
Shyam Indo Fab Pvt. Ltd
Head Office: SCO-35,
1st floor, Sec 12,
Panchkula-134112

 

34 Shri Gautam Ganeriwal
Director
Sitaram Spinners Pvt Ltd
Rama Towers”, 5-4-83, 2nd Floor, TSK Chambers,
Opp: Ranigunj Bus Depot, MG Road,
Secunderabad – 500003. T.S. India.
35 Shri Kabir Sehgal
Director
Beekalene Fabrics Pvt Ltd
3rd Floor, Opus Centre,47, Central Road, MIDC, Road Number 1, RB2 Central Railway Quarters, MIDC Industrial Estate, Mulgaon, Andheri East, Mumbai, Maharashtra 400093
36 Shri Pratyush Patwari
Director
NAGREEKA EXPORTS LIMITED
GAT NO. 1879B, 1880, 1881, 1882, 1883, 1939, 1941, LAXMI
TEKADI, KHUPIRE ROAD, YAVLUJ, TAL. PANHALA,
37 Shri Durai Palanisamy
Executive Director
Pallavaa Group
24, Sankari Main Road,
Pallipalayam, Erode – 638 006,
Tamil Nadu, India
38 Shri  Navin Kumar Todi
Director
J.M.Hosiery & Co. Ltd.
11/5, Shastri Nagar,
Angeripalyam Main Road,
Tirupur , Tirupur,
Tamil Nadu – 641602
39 Shri  Rahul Jain
Director
SBT TEXTILES PVT. LTD.
Urla Industrial Area
Raipur
Chhattisgarh – 493221
40 Shri Sanjay Kumar jain
Managing Director
T T limited
10, Pollock Street
2nd floor
Kolkata – 700001
41 Shri Pranal Modani
Chief Business Development
Sangam (India) Ltd.
B-81, Shashtri Nagar
Bhilwara – 311 001
Rajasthan
42 Shri Akshay Gupta
Director
Proma Industries Ltd.
11-13, Rayfreda
MV Marg, Chakala
Andheri (East)
Mumbai 400093
43 Mr. Shreyaskar Chaudhary
Managing Director
Pratibha Syntex Ltd.
701 A-701 B, NRK Business Park,
Block No. B 1, PU-4 (Commercial)
Scheme No. 54, Vijay Nagar Square
Indore 452 010 Madhya Pradesh, India
44 Shri Chintan Thumar
Director – Business Development
Alidhra Weavetech Group
Plot no. 606, Main Road#6
Sachin GIDC, Gate #1
Surat-394230, Gujarat
45 Mr. Pathik Patel
Director
Basil Commodities Pvt. Ltd.
408, Iscon Elegance,
Near Shapath V, Opp.Karnavati Club,
S.G Highway,
Ahmedabad – 380 051,
Gujarat, India
   
Menu