Le Merite Exports Limited was originally incorporated as "Didwaniya Yarn Exports Private Limited" on December 24, 2003, later renamed to "Le Merite Exports Private Limited" in 2004, and finally converted to a public limited company as "Le Merite Exports Limited" in July 2015. The company is promoted by Abhishek Lath and Umashankar Lath, with Umashankar Lath serving as both Chairman and Managing Director.
Le Merite Exports Limited is a prominent name in the cotton yarn and greige fabrics manufacturing industry, with "Le Merite" becoming a globally recognized and trusted brand in numerous yarn-importing countries. The company is ISO 9001:2015 certified and operates as a vertically integrated manufacturer and trader of textile products including cotton yarn, greige fabric, and finished fabric for both domestic and export markets.
The company operates through a diversified business model encompassing three main verticals: manufacturing of yarn, trading of yarn, and trading of greige and finished fabrics. The company deals in a diversified product portfolio to supply compact cotton yarn, combed carded, and double yarn that are used in various forms for ultimate customers. Their product range includes cotton fabric, towel and bed-sheet fabric, polyester and viscose material, apparel fabric, and dyed yarn.
Le Merite Exports is recognized as a 3 Star Export House and exports more than 20,000 tons of yarn annually. The company exports its products to both domestic and international markets, covering 52 countries across 5 continents. Their global presence extends to approximately 40 countries, including Bangladesh, China, Turkey, and the USA. The company's top export destinations include the USA, Canada, UK, Australia, and the Middle East.
The company's manufacturing plant Unit I, located in Nagpur, is engaged in processing cotton yarn doubling. The company has undertaken Operation and Management of Unit 1 with Sainath Textiles Private Limited for a period of 4 years.
In a significant strategic move, the company diversified into the defense sector in 2023-24 by obtaining a DRDO license, effective from May 23, 2024. This enables it to diversify from traditional commodity-based manufacturing to high-value customers like defense, paramilitary forces, Ministry of Home Affairs forces (CRPF, BSF), Railways, and Government hospitals. The company has started actively participating in government tenders for the Ministry of Defence (Army, Navy, and Airforce) and Indian Railways, utilizing innovative technology developed by the Defence Research Laboratory (DRL) of DRDO, Tezpur, Assam.
The company incorporated two subsidiary companies for diversification into non-cotton yarn products: Le Merite Filament Private Limited and Le Merite Laxmi Spinning Private Limited. These subsidiaries are engaged in trading of polyester yarn, viscose yarn, synthetic fibers, staple fibers, worsted yarn, lycra yarn, and other varieties, such as texturized, twisted, sized, and other such kinds of fiber.
The company raised money from the public through an IPO by issuing up to 64,00,000 Equity Shares of Rs 10/- each, aggregating to Rs 48 Crore in April 2022. As per recent data, the company reported revenue of Rs 491 crore and profit of Rs 2.95 crore. The company's operational efficiency has improved, with debtor days improving from 22.32 to 14.58 days.
- Revenue: ₹491 crore
- Profit: ₹2.95 crore
- Market Capitalization: ₹771.13 Crore (as of May 02, 2025)
- 52-Week High: ₹321
- 52-Week Low: ₹54
- Promoter Holding: 62.59% (as of March 2025)
- Debtor Days: Improved from 22.32 to 14.58 days
Le Merite has received recognition from various industry bodies and aims to achieve an annual export revenue of INR 10,000 Million. Their vision emphasizes innovation and sustainability, while their mission focuses on value creation for stakeholders.
In April 2025, the company approved subsidiary incorporation with a 51% stake and initiated NSE SME to main board migration along with BSE listing application. The company continues to strengthen its position in the textile industry while diversifying into new segments, particularly the defense sector, positioning itself for future growth opportunities in both traditional and emerging markets.
