Established in 1976, Garware-Wall Ropes (GWRL) is one of India's leading players in the technical textiles sector, providing specialized solutions to the cordage and infrastructure industry worldwide. Garware Technical Fibres Ltd., an ISO 9001:2015 certified company is a leading Indian player in Technical Textiles specializing in providing customized solutions to its customers worldwide. The company has evolved from its inception as a rope manufacturer to become a multi-divisional, multi-geographical technical textiles company with a comprehensive product portfolio.
Operating under the leadership of Chairman & Managing Director Mr. V R Garware, the company has built a reputation for innovation and quality in the technical textiles industry. Garware Technical Fibres Ltd. (Formerly Garware-Wall Ropes Ltd.) is one of India's leading players in the technical textiles sector. Established in 1976, the company today is a multi-divisional, multi-geographical technical textiles company and is known for providing world class innovative solutions in high performance aquaculture cage nets, fishing nets, sports nets, safety nets, agricultural nets, coated fabrics, polymer ropes and geosynthetics.
The company manufactures and provides world class solutions in high performance polymer ropes, fishing nets, sports nets, safety nets, aquaculture cages, coated fabrics, agricultural netting and geosynthetics. The business is structured around two key segments: Synthetic Cordage, and Fibre and Industrial Products and Projects. The Synthetic Cordage segment comprises of ropes, twines and nettings made of twine. The Fibre and Industrial Products and Projects segment comprises of fibre, synthetic fabric, yarn, woven and non-woven textiles, secugrids, coated steel gabions, machinery and project.
The company's solutions span multiple sectors including aquaculture, fisheries, agriculture, coated fabrics, shipping and offshore, defense and government sector, sports, geo-synthetics, industrial, material handling, safety, and yarn and threads. Their innovative approach has led to several breakthrough products, including Patented Technology from GTFL that has built-in anti-fouling properties which are very key in Aquaculture industry. Pioneer in High density polyethylene based netting solution which are reshaping the Aquaculture Industry.
The company's products are manufactured in state-of-the-art facilities at Wai and Pune and marketed in more than 75 countries. A thrust on international business over the years has seen Garware Technical Fibres global footprint growing steadily. We have six overseas offices and customers in over 75 countries. The company has been Recognized as Four Star Export House by the DGFT, Ministry of Commerce, Govt of India. Proud recipients of the prestigious Star Export House Certificate, recognizing our outstanding contributions to India's foreign trade.
The company's manufacturing capabilities are supported by GTFL has leveraged its technological expertise in the engineering of polymers and its in-house capabilities in areas such as extrusion, knitting, wet processing, fabric weaving, coating and fabrication to build a highly diversified product portfolio, which covers several industry segments. Both the manufacturing plants of the company are ISO-certified and follow global practices of operational excellence like Jishu Hozen (JH) tools for autonomous maintenance, Total Quality Management (TQM), Kaizen for continuous improvement, and the 5S framework for efficiency and effectiveness.
Garware Technical Fibres has a Market Cap of ₹9,024 Crore (as of latest data). The company has demonstrated strong financial performance with For the full year, net profit rose 10.12% to ₹231.55 Crore in the year ended March 2025, as against ₹210.27 Crore during the previous year ended March 2024. Sales rose 16.18% to ₹1,540.11 Crore in the year ended March 2025, as against ₹1,325.61 Crore during the previous year ended March 2024.
The quarterly performance shows consistent growth with Net profit of Garware Technical Fibres rose 1.40% to ₹71.06 Crore in the quarter ended March 2025, as against ₹70.08 Crore during the previous quarter ended March 2024. Sales rose 13.15% to ₹432.55 Crore in the quarter ended March 2025, as against ₹382.27 Crore during the previous quarter ended March 2024.
Key financial highlights include:
* Revenue (FY25): ₹1,540.11 Crore
* Net Profit (FY25): ₹231.55 Crore
* Revenue Growth (FY25): 16.18%
* Net Profit Growth (FY25): 10.12%
The company is listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) under the codes GARFIBRES and 509557, respectively. NSE Symbol · GARFIBRES · BSE Symbol · 509557 with ISIN · INE276A01018.
The company has been expanding its global footprint through strategic acquisitions and new subsidiary formations. Garware invests GBP 93.94M via UK subsidiary to acquire 100% of two Norwegian companies by July 2025. Additionally, Garware Technical Fibres has incorporated a Wholly Owned Subsidiary, in the name and style as Garware Technical Fibres UK, with Registrar of Companies, England and Wales.
Since its inception in 1976, Innovation has been at the heart of Product, Process and Application Development at Garware Technical Fibres Limited. The continued focus on Innovation has resulted in a steady innovation pipeline of products and technologies in technical textiles that are raising the bar across applications in several industries. The company has also embraced sustainability initiatives, including To reduce the carbon footprint, GTFL has provided more than 25,000 metric tonnes of sustainable HDPE netting solutions.
The company has received numerous accolades for its excellence in manufacturing and innovation. GTFL is amongst the top 25 of India's best workplace in Manufacturing 2023. Garware Technical Fibres Ltd. is extremely proud to be in the top 25 of India's Best Workplaces in Manufacturing 2023. This is a testament to our Values & our Culture of putting people first. We are pleased to announce that Garware Technical Fibres Limited has been awarded the "Performance Excellence Award 2021-2022" by the Indian Institute of Industrial Engineering.
The company continues to strengthen its position as a leader in technical textiles through continuous innovation, global expansion, and commitment to quality and sustainability.
