BSL Kolkata/IBNS: BSL Ltd., a brand in the domain of textiles and suitings, has established a multi-pronged corporate strategy to expand its existing portfolio and enter into new segments in the next four years.
This includes launching new product ranges, volume and value generation and procure more rack space across all sales points across entire India.
BSL Ltd., was formed in 1971 on a small scale with 8 looms which now produces over 18 million meters of fabric every year and is selling its products to customers all across India and the globe.
Even amidst the ongoing pandemic, the company claimed it has reported double the turnover during the quarter under review in comparison to Q1, FY 2020-21.
Talking about the quarterly results and new growth strategies, NivedanChuriwal, Managing Director, BSL Ltd., says, “We have used the difficult period of the pandemic to make various changes in the company including cost cutting measures and making robust growth plans.
"We are confident that this will be an excellent year for BSL Ltd. and we are working on a 4-year growth plan which includes expansion in the field of Domestic Suiting’s Business, Furnishing Business with inclusion of Made-Ups and a large-scale expansion with foray into Cotton Spinning."
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