Indian Denim Maker Nandan Exim Net Profit Up By 47.50% & Gross Income Up by 31.52% for Quarter Ended Sept 2010

Mumbai, India, October 28, 2010 (Washington Bangla Radio / pressreleasepoint) Nandan Exim Ltd [NSE: NANDAN], part of the 40 year old Chiripal Group and one of the fastest growing denim manufacturing companies in India, has registered a 31% higher sales turnover of Rs 112.87 cr for the quarter ended Sept 2010 as against a turnover of Rs 85.82 crore for the corresponding period previous year. At net level the profit rose 47.47% to Rs. 4.38 crore in the quarter ended September 2010 as against Rs. 2.97 crore during the previous quarter ended.

The company is one of the top 5 producers of Denim in India. The ultra-modern plant of Nandan Exim Limited, located at Ahmedabad Gujarat; employs the latest technology and has the infrastructure and installed capacity to produce 40 million meters of denim per year. The products manufactured by Nandan are primarily intended for sufficing the needs of the leading customers of the country and exports to the developed markets of the West and South East Asia, Europe & America.

Established in the year 1972, Chiripal Group of Companies ( ) has become one of the leading integrated textile house manufacturing fibre to fabrics under one roof in the country. Today, Chiripal Group is one of the most respected industrial conglomerates in India with a turnover of about Rs. 1200 crore.

 - pressreleasepoint