Mr. Abhay Shriram Asalkar, aged 46 years is Chairman cum Managing Director and also the Promoter of the Company. He holds Degree in Master of Business Administration in Marketing Management and Bachelor of Textile Engineering. He was appointed on the Board on October 24, 2019 and further designated as the Chairman cum Managing Director of the Company on August 30, 2023 for a period of 5 years, not liable to retire by rotation. He is having experience of 25 years in Textile Industry. He worked with major textile players like Raymond and Management Consultancy Firm Technopak in India & abroad. He has in-depth experience of sales & marketing of products for Spinning &Weaving. He has been instrumental in taking major policy decision of the Company. He is playing vital role in formulating business strategies and effective implementation of the same. He is responsible for the expansion and overall management of the business of the Company. His Vision to do business with ethics & to keep up with latest developments, Consistent Innovation in Technology and Management practices has helped him provide an overall growth for the company. Mr. Yogesh Omprakash Nimodiya, aged 48 years is the Executive Director, Chief Financial Officer and also Promoter of the Company. He holds degree in Master of Business Administration He was originally appointed on the Board on October 24, 2019 and further reappointed as Executive Director w.e.f. August 30, 2023. He is having experience of 25 years in Sales & Marketing. He worked with one of the top player of textile industry “Raymond” for maintenance of Spinning Machinery and also worked with renowned marketing firm A.T.E. Enterprises Pvt. Ltd. He has expertise in the field of Market research, Strategic Planning and Marketing strategies which helped for the overall development of the Company. Mr. Sandeep Vitthalrao Deore, aged 39 years, is the Non-Executive Director of the Company. He holds degree in bachelor of Engineering. He was originally appointed on the Board on November 30, 2021 and further designated as the Non-Executive Director of the Company on September 30, 2022. He is having of experience of 12 years.

1. Piotex Industries Limited specializes in contract manufacturing and trading of yarn, fabric, and cotton bales. The company has rapidly grown into a significant player in the textile industry, serving diverse markets including garments and home furnishings. Through a strategic combination of trading and job-work manufacturing, Piotex ensures consistent quality across its product range while providing customers with competitive pricing and timely delivery. 2. Key Business Activities: i. Trading of Cotton Bales, Synthetic Fiber, Cotton Yarn, and Fabric ii. Manufacturing via Job-Work 3. Market Positioning and Strategy: i. Production Quality            ii. Customer Satisfaction iii. Management Experience 4. SWOT Analysis Strengths i. Quality Assurance and Standards                   ii.Experienced Management Team iii. Satisfied customer with quality                     iv. Strong business model v. Established operations and proven track record Weakness i. Heavy dependence on suppliers and Job workers         ii. High working capital requirement iii. Insufficient market reach Opportunities i. Expanding new geographical areas                       ii. Opportunities in Indian Market iii. Government thrust for development will boost in rise in demand Threats i. Increased Competition from Big Players         ii. Change in Government Policies iii. Rising labour wages                                          iv. Fluctuation in Raw Material Prices v. There are no entry barriers in our industry which puts us to the threat of competition from new entrants 5. Competitive Landscape: Piotex faces moderate competition from unorganized players. Their competitive edge lies in delivering consistent quality, reliability, and cost-effective products. The focus on technical excellence and customer satisfaction positions Piotex to compete effectively, even against organized industry players. 6. The Revenue has Increased from Rs.80 Crores in FY22 to Rs.118 Crores in FY24. 7. The EBITDA has Increased from 1 Crores in FY22 to 4 Crores in FY24. 8. The PAT has Increased from 74 Lakhs in FY22 to 3 Crores in FY24. 9. As per FY24, CFO/EBITDA is 1.00, and EPS is 5.89, 10. Market Capitalization is 48 Crore & P/E is 15.94x based on FY24.

Piotex Industries Limited F/II Block, Plot No. 16/2, M.I.D.C., Pimpri Pune - 411018 Phone: +91-9156744401 Email: office@piotex.in Website: https://piotex.in/