OneSource One-Stop Report

Arvind Limited
17 November 2010
 OneSource One-Stop Reports for Arvind Limited

Arvind Limited
Railwaypura Post Employees: 3,900 Financials in: USD (mil)
Naroda Road, P.B. No 10010 Company Type: Public Parent
Ahmedabad, 380 025 Corporate Family: 4 Companies Fiscal Year End: 31-Mar-2010
India
Traded: Bombay Stock 500101 Reporting Currency: Indian Rupee
Exchange: Annual Sales: 695.5 1
Tel: 91-79-22203030
Fax: 91-79-22201270 Incorporation Net Income: 10.5
1931
Date:
Auditor: Sorab S. Engineer & Co.
Total Assets: 937.4 2
www.arvindmills.com
Market Value: 301.3
(29-Oct-2010)

Business Description

Arvind Limited is an India-based company. The Company is engaged in the manufacture of textiles and branded garments. It
operates in three segments: Textiles, which include yarn, fabric and garments; Branded Garments, which includes branded
garments, and Others, which includes electronic private automatic branch exchange (EPABX) and rural automatic exchange(RAX)
Systems, information technology (IT) services and construction business. Its products include woven fabrics of cotton,
men’s/boys trousers/pants and shorts, and men’s/boys shirts. As of March 31, 2010, the Company had 900 retail outlets for
shirting fabrics. During the fiscal year ended March 31, 2010 (fiscal 2010), the Company produced 125.8 million meters of cloth,
1.9 million kilograms of yarn, 0.2 million lines of EPABX and 18.7 million numbers of garments. During fiscal 2010, the Company
launched the range of fabrics for women category. The Company’s plants are located in Ahmedabad, Gandhinagar and
Bangalore. For the fiscal year ended 31 March 2010, Arvind Ltd's revenues increased 18% to RS33.01B. Net income applic to
common totaled RS490.6M vs. a loss of RS1.01B. Revenue reflects a significant rise in income from operations and an increase in
other operating income. Net income reflects a significant decrease in power & fuel expense, higher operating profit and a
decrease in interest & finance costs of the company.
Source: Reuters

Industry

Industry Textiles - Non Apparel

ANZSIC 2006: 1312 - Natural Textile Manufacturing
NACE 2002: 171 - Preparation and spinning of textile fibres
NAICS 2002: 313111 - Yarn Spinning Mills
UK SIC 2003: 171 - Preparation and spinning of textile fibres
US SIC 1987: 2281 - Yarn Spinning Mills

Key Executives

Name Title Source

Jayesh K Shah Director and Chief Financial Officer OneSource
R.V. Bhimani Company Secretary OneSource
Senthil Kumar Chief Executive Officer-Knits infoUSA
Milind Hardikar President-Projects infoUSA
Bhupendra Shah Director-Accounts & Information Technology infoUSA

Significant Developments

Topic #* Most Recent Headline Date

Arvind Limited To Form Joint Venture To develop Large Residential

Strategic Combinations 1 28-Jun-2010
Project

Expansion / New Markets / New

1 Arvind Limited To Set Up Denim Plant In Bangladesh 27-Sep-2010
Units

Equity Financing / Related 1 Arvind Limited Announces Issue Of Shares 27-Sep-2010

Dividends 2 Arvind Limited Recommends No Dividend 9-Jun-2010

* number of significant developments within the last 12 months

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News

Title Date
Rapist doctor jailed
18-Nov-2010
Northern Territory News (Australia) (83 Words)
Doctor jailed for date rape
17-Nov-2010
ABC Premium News (Australia) (113 Words)
Rape doctor sent to jail
17-Nov-2010
mX (Australia) (85 Words)
Asian Games badminton: Walkover for Bhat, Aparna-Sivarajan make first round exit
17-Nov-2010
Indo-Asian News Service (192 Words)
VIC:Doctor jailed for rape
16-Nov-2010
Australian General News (106 Words)

Financial Summary

As of 31-Mar-2010

Key Ratios Company Industry

Sales 5 Year
11.17 9.25
Growth
Net Profit
Margin (TTM) 4.42 7.15
%

Source: Reuters

Stock Snapshot

Traded: Bombay Stock Exchange: 500101

As of 29-Oct-2010 Financials in: INR

Recent Price 57.70 EPS 1.74

52 Week High 62.50 Price/Sales 0.41
52 Week Low 30.10 Dividend Rate 0.0000
Avg. Volume (mil) 2.21 Price/Earnings 24.33
Market Value (mil) 13,385.10 Price/Book 0.99
Beta 1.86

Price % Change Rel S&P 500%

4 Week 27.37% 30.00%
13 Week 66.52% 48.53%
52 Week 70.96% 37.00%
Year to Date 47.57% 28.66%

Source: Reuters

Key IDSM Number: 169223

1 - Profit & Loss Item Exchange Rate: USD 1 = INR 47.45907

2 - Balance Sheet Item Exchange Rate: USD 1 = INR 44.895

© 1983-2010 Reuters Research Inc. All Rights Reserved.

Copyright © 2010 Graham & Whiteside Limited
© 2010 OneSource Information Services, Inc. All Rights Reserved.
© Copyright 2010, infoUSA. All Rights Reserved.

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 OneSource One-Stop Reports for Arvind Limited

Stock quotes provided by Quote.com (security prices are at least 15 min. delayed)
Published by OneSource Information Services, Inc., 2010

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 OneSource One-Stop Reports for Arvind Limited

Arvind Limited Corporate Overview

Location Quote Symbol - Exchange Incorporation Date: 1931
Railwaypura Post 500101 - Bombay Stock Exchange Company Type: Public Parent
Naroda Road, P.B. No 10010 Sales INR(mil): 33,009.7 Quoted Status: Quoted
Ahmedabad, 380 025 Assets INR(mil): 42,084.3 Previous Name: The Arvind Mills Ltd
India Employees: 3,900 Chief Executive Officer- Senthil
Fiscal Year End: 31-Mar-2010 Knits: Kumar
Tel: 91-79-22203030 KeyIDSM: 169223
Fax: 91-79-22201270 Industry: Textiles - Non Apparel
www.arvindmills.com

Company Web Links

Company Contact/E-mail Executives Investor Relations
Corporate History/Profile Financial Information Products/Services
Employment Opportunities Home Page

Contents
Industry Codes Market Data
Business Description Shareholders
Brand/Trade Names Subsidiaries
Financial Data Key Corporate Relationships

Industry Codes

ANZSIC 2006 Codes:

1340 - Knitted Product Manufacturing
1312 - Natural Textile Manufacturing
1351 - Clothing Manufacturing
7000 - Computer System Design and Related Services

NACE 2002 Codes:

1822 - Manufacture of other outerwear
1772 - Manufacture of knitted and crocheted pullovers, cardigans and similar articles
1821 - Manufacture of workwear
1721 - Cotton-type weaving
171 - Preparation and spinning of textile fibres
7222 - Other software consultancy and supply

NAICS 2002 Codes:

315239 - Women's and Girls' Cut and Sew Other Outerwear Manufacturing
313111 - Yarn Spinning Mills
315191 - Outerwear Knitting Mills
315225 - Men's and Boys' Cut and Sew Work Clothing Manufacturing
541511 - Custom Computer Programming Services
313210 - Broadwoven Fabric Mills

US SIC 1987:
2281 - Yarn Spinning Mills
2211 - Broadwoven Fabric Mills, Cotton
2253 - Knit Outerwear Mills
2339 - Women's, Misses', and Juniors' Outerwear, Not Elsewhere Classified
2326 - Men's and Boys' Work Clothing
7371 - Computer Programming Services

UK SIC 2003:
171 - Preparation and spinning of textile fibres
1772 - Manufacture of knitted and crocheted pullovers, cardigans and similar articles

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 OneSource One-Stop Reports for Arvind Limited

7222 - Other software consultancy and supply

1721 - Cotton-type weaving
1821 - Manufacture of workwear
18222 - Manufacture of other women's outerwear

Business Description
Arvind Limited is an India-based company. The Company is engaged in the manufacture of textiles and branded garments. It operates
in three segments: Textiles, which include yarn, fabric and garments; Branded Garments, which includes branded garments, and
Others, which includes electronic private automatic branch exchange (EPABX) and rural automatic exchange(RAX) Systems,
information technology (IT) services and construction business. Its products include woven fabrics of cotton, men’s/boys
trousers/pants and shorts, and men’s/boys shirts. As of March 31, 2010, the Company had 900 retail outlets for shirting fabrics. During
the fiscal year ended March 31, 2010 (fiscal 2010), the Company produced 125.8 million meters of cloth, 1.9 million kilograms of yarn,
0.2 million lines of EPABX and 18.7 million numbers of garments. During fiscal 2010, the Company launched the range of fabrics for
women category. The Company’s plants are located in Ahmedabad, Gandhinagar and Bangalore. For the fiscal year ended 31 March
2010, Arvind Ltd's revenues increased 18% to RS33.01B. Net income applic to common totaled RS490.6M vs. a loss of RS1.01B.
Revenue reflects a significant rise in income from operations and an increase in other operating income. Net income reflects a
significant decrease in power & fuel expense, higher operating profit and a decrease in interest & finance costs of the company.
Source: Reuters

More Business Descriptions

Manufacture of blended fabrics, cotton textiles, knit fabrics and denim; telecommunications equipment
Source: Graham & Whiteside

Textile and Fabric Finishing Mills

Source: infoUSA

Brand/Trade Names
Flying Machine Lee
Ruf & Tuf Excalibur
Newport Ruggers
Arrow Tommy Hilfiger

Financial Data
Financials in: INR(mil)
1 Year Growth
Revenue: 33,009.7 18.1%
Net Income: 500.0 NA
Assets: 42,084.3 5.6%
Long Term Debt: 21,381.8
Total Liabilities: 29,258.0
Working Capital: 7.9
Date of Financial Data: 31-Mar-2010

Market Data
Quote Symbol: 500101
Exchange: Bombay Stock Exchange
Currency: INR
Stock Price: 57.7
Stock Price Date: 10-29-2010
52 Week Price Change %: 71.0
Market Value (mil): 13,385.1
SEDOL: 6099712
ISIN: INE034A01011
Equity and Dept Distribution:

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 OneSource One-Stop Reports for Arvind Limited

07/2008, Company name changed from Arvind Mills Limited.

Subsidiaries
Company Percentage Owned Country
Amol Dicalite Ltd INDIA
Arvind Brands Ltd 100% INDIA
Asman Investments Ltd 100% INDIA
The Arvind Overseas (Mauritius) Limited MAURITIUS
Big Mill Lauffenmuhle GmbH 100% INDIA
Arvind Growell Ltd 100% INDIA
Arvind Worldwide Inc 100% INDIA

Shareholders
Major Shareholders
Aura Securities Private Limited (27.68%)

Key Corporate Relationships

Auditor: Sorab S. Engineer & Co.
Bank of Baroda, State Bank of Patiala, UCO Bank, State Bank of India, HDFC Bank Ltd,
Bank: Standard Chartered Bank, ICICI Bank Ltd, Export Import Bank of India, Axis Bank Ltd, ABN-
Amro Bank NV, State Bank of Hyderabad, Canara Bank
Auditor: Sorab S. Engineer & Co., Sorab S Engineer & Co

© 1983-2010 Reuters Research Inc. All Rights Reserved.

Copyright © 2010 Graham & Whiteside Limited
© Copyright 2010, infoUSA. All Rights Reserved.

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 OneSource One-Stop Reports for Arvind Limited

Corporate Family Corporate Structure News:

Arvind Limited
Arvind Limited
Total Corporate Family Members: 4

Company Name Company Location Country Industry Sales Employees Source

Type (USD mil)
Arvind Limited Parent Ahmedabad India Textiles - Non Apparel 695.5 3,900 RT
Arvind Brands Ltd Subsidiary Bangalore, India Apparel and Accessories 0.1 953 ACP
Karnataka
Arvind Products Ltd Subsidiary Ahmedabad India Textiles - Non Apparel 100.3 200 RT
The Arvind Overseas Subsidiary Port Louis Mauritius Electronic Instruments GW
(Mauritius) Ltd and Controls

Data Noted as Source: RT, © 1983-2010 Reuters Research Inc. All Rights Reserved.
Data Noted as Source: ACP, Copyright© 2010 Asian Company Profiles Ltd. All Rights Reserved.
Data Noted as Source: GW, Copyright © 2010 Graham & Whiteside Limited

Corporate linkage data:

© Copyright 2010, infoUSA. All Rights Reserved.
Copyright© 2010 Asian Company Profiles Ltd. All Rights Reserved.
Published by OneSource Information Services, Inc., 2010

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 OneSource One-Stop Reports for Arvind Limited

Arvind Limited Executives Report

Ahmedabad, , India, Tel: 91-79-22203030, URL: http://www.arvindmills.com/, Executives Page

Board of Directors

Name Title Function Source

Bakul H. Dholakia Additional Director Director/Board Member RT
K. M. Jayarao Director Director/Board Member IUSA
Munesh Khanna Non-Executive Independent Director Director/Board Member RT
Reuters Biography (Arvind Limited)
Mr. Munesh Khanna is a Non-executive & Independent Director of Arvind Ltd. He is a Chartered Accountant from
ICAl. He has 21 years of experience in Investment Banking from across the Industrial spectrum in India in the areas
of M&A, Financial Restructuring and Resource Raising. He has also an experience in the Energy, Utilities and Telecom
Sectors. Prior to joining Halcyon Resources & Mgt. Consulting Pvt. Ltd., he was the MD & Head of Investment Banking
in DSP Merrill Lynch. Hewasthe Country Head and MD of Rothschild Indiaand Partner- Country Head
ofArthurAndersen Corporate Finance. AXA on its joint venture with Bharati Group, Air Deccan on raising funds US$
40m through Private Equity, IPO and many other transactions. He was also a Member of CII and a member of the
Executive Committee of ‘FICCI’ and Co - Chairman of the Finance & Capital Market committee of FICCI.

Director - Representative of Export-Import

R. W. Khanna Director/Board Member RT
Bank of India
Sudhir Mehta Non-Executive Independent Director Director/Board Member RT
Reuters Biography (Arvind Limited)
Sudhir Mehta is Non-Executive Independent Director of Arvind Ltd. He is a graduate from Gujarat University. He was
instrumental in the growth and progress of Torrent Pharmaceuticals Ltd., the Flagship Company of the group. He
systematically expanded the power business of Torrent Group by acquiring significant stakes in Torrent Power AEC
Limited, Torrent Power SEC Ltd. and Torrent Power Generation Limited now merged with Torrent Power Limited and
one amongst the few successful independent power projects in India. He has managed strategic alliance with leading
International giants from U.K., Germany, France and USA. He is Executive Chairman of Torrent Power Limited,
Chairman of Torrent Pharmaceuticals Limited & Torrent Private Limited, and a Director of Torrent Power
Transmission Pnvate Limited.

Education (Source: RT )
M Business Management, University of Chicago
B , DePauw University
, Gujarat University

S. R. Rao Director Director/Board Member IUSA

Tarun Sheth Director Director/Board Member IUSA
G. M. Yadwadkar Director - Representative of IDBI Bank Ltd. Director/Board Member RT
Executives

Name Title Function Source

Senthil Kumar Chief Executive Officer-Knits Chief Executive Officer IUSA
J. Suresh Chief Executive Officer-Brand & Retail Chief Executive Officer IUSA
Milind Hardikar President-Projects President IUSA
P. D. Chavda General Manager Division Head Executive IUSA
V. L. Mote General Manager-Asoka Spintex Premises Division Head Executive IUSA
Gautam V. Shah General Manager-Pinnacle Shares Division Head Executive IUSA
Sanjay S. Lalbhai Managing Director Managing Director OSX
Reuters Biography (Arvind Limited)
Mr. Sanjay S. Lalbhai is a Chairman and Managing Director of Arvind Ltd. He is a Science Graduate with a Masters
degree in Business Management. He has been associated with the Company for almost 32 years and has been
Managing Director since the last 25 Years.

Compensation/Salary: 3,600,000

R.V. Bhimani Company Secretary Company Secretary OSX

Jayesh K Shah Director and Chief Financial Officer Finance Executive OSX
Reuters Biography (Arvind Limited)
Mr. Jayesh K. Shah is Chief Financial Officer, Executive Director of Arvind Ltd. He is a Commerce Graduate and
Chartered Accountant and has been with the company since i July,1993. He has a distinguished academic career and
has experience administrative, financial and regulatory.

Compensation/Salary: 3,000,000

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Bhupendra Shah Director-Accounts & Information Technology Accounting Executive IUSA

Jagdish Dalal Head of Legal Affairs & Investor Relations Investment Executive IUSA
Milan Shah Director-Materials Manufacturing Executive IUSA

Data Noted as Source: OSX , © 2010 OneSource Information Services, Inc. All Rights Reserved.
Data Noted as Source: IUSA , © Copyright 2010, infoUSA. All Rights Reserved.
Data Noted as Source: RT , © 1983-2010 Reuters Research Inc. All Rights Reserved.

Published by OneSource Information Services, Inc., Nov, 2010

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Arvind Limited

Significant Developments

Arvind Limited Announces Issue Of Shares

Sep 27, 2010

Arvind Limited announced that the Management Committee of Board of Directors, at its meeting held on September 27, 2010, has
allotted:18,02,500 equity shares of INR10 each pursuant to exercise of stock options by eligible employees and director under the
employee stock option scheme 2008 of the Company. The Company also allotted 12,00,000 equity shares of INR10 each at a premium of
INR5 per share on conversion of 12,00,000 warrants issued on preferential allotment basis to Anukul Investments Pvt. Ltd

Arvind Limited To Set Up Denim Plant In Bangladesh

Sep 27, 2010

Arvind Limited announced that it is expanding its Denim manufacturing capacity to 140 million meters by setting up 30 million meters of
Denim manufacturing plant in Bangladesh. For this purpose, The Company has entered a joint venture with Nitol Group of Bangladesh.
The Company shall be setting up 30 million meters of Denim manufacturing capacity over a period of three years with total investment of
USD60 million. The phase I of 10 million meters shall be set up over next 12 months with an investment of about USD25 million.

Arvind Limited To Form Joint Venture To develop Large Residential Project

Jun 28, 2010

Arvind Limited announced that it has planned to form a 50:50 joint venture with B. Safal Group. The joint venture will develop about 1
million sq. feet of residential complex in 1/3rd of the area of Ashoka Costsyn, a division of the Company, situated at Khokhra,
Ahmadabad. When fully developed, the project will be worth INR225 crores (INR2.25 billion). In addition, B. Safal Group will also buy
1/3rd of the land area. B.Safal will pay INR70 crores (INR700 million) consideration for buying this land and for 50% stake in the joint
venture.

Arvind Limited Recommends No Dividend

Jun 09, 2010

Arvind Limited announced that its Board of Directors of the Company at its meeting held on May 29, 2010, inter alia, has not
recommended any dividend on equity shares for the year ended March 31, 2010.

Arvind Limited Announces Dividend

Nov 26, 2009

Arvind Limited announced that an interim dividend aggregating to INR 1.68 crores (INR 16.8 million) on outstanding amount of
redeemable cumulative non convertible preference of INR 100 each, having already paid to the preference shareholders of the Company
for the year 2008-09, is hereby approved and the same is hereby treated as final dividend for the year ending on March 31, 2009.

©1983-2010 Reuters Research Inc. All Rights Reserved.

Published by OneSource Information Services, Inc.,Nov, 2010

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