Banswara Syntex Ltd. is a vertically integrated textile mill manufacturing man-made synthetic blended Yarn, wool and wool mixed yarn, all type of Fabrics, Jacquard Furnishing Fabrics, besides production of Readymade Garments and Made-up’s. It has also production of Technical Fabric.
It was incorporated in the year 1976. It was a joint sector company with RIICO Ltd. (A Govt. of Rajasthan Undertaking) and Mr. R.L.Toshniwal. In 1982 Mr. Toshniwal purchased the shares from RIICO. Presently it is a Public Limited Company, the promoters hold 53.54% of Equity Share Capital.
Initially it was a spinning mill with 12500 spindles. As the journey continued the Company completed expansion, diversification and modernization plans. Over the last 3 decades, Company besides increasing the Spinning capacity to 143240 spindles, started production of Fabric from 1993, Readymade Garments from 2004, Made-up’s and Worsted Spinning from 2008. The Company also entered into Joint Venture with French Company Carreman in 2006 for products of women used Lycra manufacturer and with another French company Treves SA for Automotive Textiles in 2012.