Anna Kitex Group

Last updated
Anna Kitex Group
Native name
അന്ന കിറ്റെക്സ് ഗ്രൂപ്പ്
FormerlyAnna Group
Founded1968;56 years ago (1968)
FounderM. C. Jacob
Headquarters Kizhakkambalam, Aluva, Ernakulam
Key people
Production output
  • Aluminum
  • Packaged curry powder
  • Garments
  • Bags
Brands
  • Kitex
  • Anna Aluminum
  • Saras Spices
  • Chakson Products
  • Dezire Bags
  • ScooBee Day Bags
Subsidiaries Kitex Garments Limited [1]
Website www.annagroup.net

Anna Kitex Group (also known as Kitex) is an Indian conglomerate founded by M. C. Jacob in 1968 and based in Kizhakkambalam, Ernakulam in Kerala. [2]

Contents

The group initially made aluminum products such as kitchen utensils and cookware in the 1970s, and later ventured into producing spices, textiles, and bags. [3] Its flagship company, Kitex Garments Limited, is reportedly the world's second-largest infant clothing manufacturer. [4] It also runs a non-profit, political organization called Twenty20. [5]

History

In 1968, M. C. Jacob founded Anna Aluminum Limited with eight workers. [6] Anna Aluminum Limited changed its name as Anna Group in 1972 and launched a packaged curry powder brand.

In 1978, Anna Group launched a garment brand called Kitex Limited, an acronym of 'Kizhakkambalam Textiles'.

In 1992, Anna Group expanded its business to the global markets by launching Kitex Garments Limited. [7]

In the early 2000s, Anna Group was rebranded as Anna Kitex Group.

In 2011, after the death of M. C. Jacob, company management split between his sons. The elder son handles business in domestic markets, while the younger son runs its international business. [8]

As of 2021, Kitex Garments, a subsidiary of the group, is the world’s second largest infant clothing producer as well as a major supplier to Walmart and Amazon. The Group is one of the largest private sector employers in the state of Kerala. [9]

In July 2021, Kitex Garments Limited announced that they are investing 1,000 crore in Telangana by setting up a factory at the Kakatiya Mega Textile Park in Warangal, after dropping their earlier plan of investing 3,500 crore (US$440 million) in Kerala. [10]

Brands

Related Research Articles

<span class="mw-page-title-main">Reliance Industries</span> Indian multinational conglomerate

Reliance Industries Limited is an Indian multinational conglomerate headquartered in Mumbai. Its businesses include energy, petrochemicals, natural gas, retail, telecommunications, mass media, and textiles. Reliance is the largest public company in India by market capitalisation and revenue, and the 100th largest company worldwide. It is India's largest private tax payer and largest exporter, accounting for 7% of India's total merchandise exports. The company has relatively little free cash flow and high corporate debt.

<span class="mw-page-title-main">Aditya Birla Group</span> Indian multinational conglomerate

The Aditya Birla Group (ABG) is an Indian multinational conglomerate, headquartered in Mumbai. The group has a presence in 36 nations and a combined annual revenue of $65 billion, over 50% of which is derived from its overseas operations. The group's business interests include metals, cement, fashion and retail, financial services, renewables, fibre, textiles, chemicals, real estate, trading, mining, and entertainment.

The economy of South India after independence in 1947 conformed to a socialist framework, with strict governmental control over private sector participation, foreign trade and foreign direct investment (FDI). Through 1960–1990, South Indian economies experienced mixed economic growth. In the 1960s, Kerala achieved above-average economic growth, while Andhra Pradesh's economy declined during this period. Similarly, Kerala experienced an economic decline in the 1970s while the economies of Tamil Nadu, Andhra Pradesh, and Karnataka consistently exceeded national average growth rates after 1970. South India first started to overtake the rest of India economically in the 1980s. Andhra Pradesh, Tamil Nadu and Karnataka were noted by some to be more reform-oriented in terms of economic policy when compared to other Indian states. Over the last decade South India has grown at 8% annually. Future economic growth will be shackled by a relatively low proportion of the active age population to the number of dependents. Today, South India has about 20% of India's population, and contributes about 31% of India's GDP; it is projected to contribute 35% by 2030.

<span class="mw-page-title-main">PVR INOX</span> Indian multiplex cinema chain

PVR INOX Ltd, formerly known as PVR Cinemas,is an Indian multiplex chain based in Mumbai. It was formed as a result of the merger between PVR Cinemas and INOX Leisure Multiplex. PVR pioneered the multiplex revolution in India by establishing the first multiplex cinema in 1997 at Saket, New Delhi. In 2022, PVR Cinemas achieved the milestone of completing 25 years in the business. As of December 2023, PVR Inox has 1712 screens across 359 properties in 114 cities.

<span class="mw-page-title-main">Kumar Mangalam Birla</span> Indian industrialist (born 1967)

Kumar Mangalam Birla is an Indian billionaire industrialist, philanthropist, and the chairman of the Aditya Birla Group, one of the largest conglomerates in India. He is the chancellor of the Birla Institute of Technology & Science, Pilani and ex-chairman of Indian Institute of Management Ahmedabad. According to Forbes, he has an estimated net worth of US$17.6 billion, as of October 2023 making him the 7th richest person in India.

<span class="mw-page-title-main">Kizhakkambalam</span> Suburb in Ernakulam, Kerala, India

Kizhakkambalam is an eastern suburb of the city of Kochi in Ernakulam district, Kerala, India. It is regarded as a model panchayat for its various development activities and is a part of the Kunnathunad tehsil of the Ernakulam district.

<span class="mw-page-title-main">Sterlite Copper</span> Indian copper manufacturing company

Sterlite Copper is a subsidiary of Sterlite industries, a company owned by Vedanta Limited.

<span class="mw-page-title-main">Economy of Gujarat</span>

The economy of Gujarat, a state in Western India, is the most industrialised in India, having the highest industrial output of any state in the union.It has the highest exports of any Indian state, accounting for 33% of all Indian exports in 2022-23. It leads in diverse industrial sectors such as chemicals, petrochemicals, dairy, drugs and pharmaceuticals, cement and ceramics, gems and jewellery, textiles and engineering. It has the highest Electricity Production Capacity and Maritime Port Cargo Volume among all states in India. It also has significant agricultural production with major agricultural produce of the state being cotton, groundnuts (peanuts), dates, sugar cane, milk and milk products. Gujarat recorded the lowest unemployment rate in India in 2022, with 4.4% of the labour force being unemployed.

<span class="mw-page-title-main">UltraTech Cement</span> Indian cement company

UltraTech Cement Limited is an Indian multinational cement company based in Mumbai. It is the largest manufacturer of grey cement, ready-mix concrete (RMC) and white cement in India and 5th largest around the globe with an installed capacity of 133 million tonnes per annum and 105.71 million tonnes per annum sales volume.

<span class="mw-page-title-main">Adani Enterprises</span> Indian multinational holding company

Adani Enterprises Limited (AEL) is an Indian multinational publicly-listed holding company and a part of Adani Group. It is headquartered in Ahmedabad and primarily involved in mining and trading of coal and iron ore. Through its various subsidiaries, it also has business interests in airport operations, edible oils, road, rail and water infrastructure, data centers, and solar manufacturing, among others.

<span class="mw-page-title-main">Muthoot Finance</span> Indian financial services company

Muthoot Finance Ltd is an Indian financial corporation and the largest gold loan NBFC in the country. In addition to financing gold loans, the company offers other forms of loans, insurance and money transfer services, and sells gold coins. The company is headquartered in Kochi, Kerala and operates over 4,400 branches throughout the country. Outside India, Muthoot Finance is established in the UK, the US, and the United Arab Emirates.

<span class="mw-page-title-main">Arvind (company)</span> Indian textile company

Arvind Limited is a textile manufacturer and the flagship company of the Lalbhai Group. Its headquarters are in Naroda, Ahmedabad, Gujarat, India, and it has units at Santej. The company manufactures cotton shirting, denim, knits and bottomweight (khaki) fabrics. It has also recently ventured into technical textiles with its Advanced Materials Division in 2011. It is India's largest denim manufacturer.

<span class="mw-page-title-main">Aster DM Healthcare</span> Healthcare company in Gulf countries and India

Aster DM Healthcare Limited is a publicly-traded multinational for-profit hospital conglomerate healthcare company founded by Azad Moopen in 1987. The company has its corporate headquarters in Dubai, UAE, and is registered in Bangalore, India. Aster DM Healthcare currently operates hospitals, medical centres, diagnostic centres, laboratories and pharmacies in six GCC countries and India. The corporation works in a variety of economic sectors through its brands Aster, Medcare, and Access.

<span class="mw-page-title-main">Twenty20 Kizhakkambalam</span>

Twenty20 Kizhakkambalam is an Indian nonprofit charitable organization at Kizhakkambalam in Ernakulam district, Kerala. The prime objective of the organization is to make Kizhakkambalam Grama Panchayat the best Grama Panchayat in India by 2020. This organization won the elections in the local body elections in 2015.

Kakatiya Mega Textile Park is an under-construction textile park to come up in Warangal district, Telangana, India. The proposed 'cotton-to-garment' park will be set up in an area of 2,000 – 3,000 acres, with a vision to have a "fibre to fabric (end-to-end)" facility.

Sabu M. Jacob is an Indian businessman from Kerala. He is the managing director of Kitex Garments Limited. He is the chief coordinator and mentor of Twenty20 Kizhakkambalam, a non-profit organization developed as a Total Responsibility Program to effectively contribute to the social and economic development of Kizhakkambalam Panchayath where the company operates the aim is to make Kizhakkambalam the best developed village in India by 2020.

<span class="mw-page-title-main">Malabar Gold and Diamonds</span> Indian jewellery group

Malabar Gold & Diamonds is an Indian jewellery group headquartered in Kozhikode, Kerala, India. The company was founded by M. P. Ahammed in 1993. As of May 2023, it owns more than 330 showrooms across 11 countries, making it one of the largest chains of jewellery retailer in the world. The company also owns a network of luxury watch boutiques across India, which operates under the name Malabar Watches.

<span class="mw-page-title-main">Adani Green Energy</span> Indian renewable energy company

Adani Green Energy Limited (AGEL) is an Indian renewable energy company, headquartered in Ahmedabad, India. It is owned by Indian conglomerate Adani Group. The company operates Kamuthi Solar Power Project, one of the largest solar photovoltaic plants in the world.

<span class="mw-page-title-main">Laurus Labs</span> Indian pharmaceutical company

Laurus Labs is an Indian multinational pharmaceutical and biotechnology company headquartered in Hyderabad. Its focus areas include active pharmaceutical ingredients (APIs), generic formulations, custom synthesis (CDMO), biotechnology. veterinary APIs and agro chemicals. The company was founded in 2005 by Dr. Satyanarayana Chava.

<span class="mw-page-title-main">2021 in Kerala</span> List of events

Events in the year 2021 in Kerala

References

  1. "Kitex Garments Ltd".
  2. "Anna Aluminum Private Limited - Company, directors and contact details". Zauba Corp. Retrieved 2021-07-12.
  3. "When was Kitex Garments started?". Moneycontrol. Archived from the original on 2021-07-10. Retrieved 2021-07-13.
  4. "Kitex exits Kerala: A multi-crore blow the state could ill-afford". Asianet News Network Pvt Ltd. Retrieved 12 July 2021.
  5. "Kizhakkambalam Twenty 20: How a corporate group has entered the Kerala Assembly polls". The News Minute. 12 March 2021. Retrieved 13 July 2021.
  6. July 31. "Kerala: CPI(M)-backed trade union strike lands philanthrope M.C. Jacob in trouble". India Today. Archived from the original on 2021-07-09.{{cite web}}: CS1 maint: numeric names: authors list (link)
  7. "History of KITEX Garments -". The Textile Magazine. Archived from the original on 2021-07-12. Retrieved 2021-07-12.
  8. "Sabu And Bobby Jacob: Cut From A Different Cloth". Forbes India. Retrieved 2021-07-12.
  9. "Panchayats unlimited". The Week. Retrieved 2021-07-13.
  10. "Kitex Enters Telangana With Initial Investment Of Rs 1,000 Crore". Moneycontrol. Retrieved 2021-07-13.