|₹32.35 / ₹7.37
Incorporated in 1946, Sri Ramakrishna Mills (SRM) is engaged in the manufacturing and selling of ring and open-end cotton yarn. R Doraiswami is the chairman of the company. Its spinning mills, located in Coimbatore (Tamilnadu), Nagari (Andhra Pradesh) and Sathyamangalam (Tamilnadu) have a combined installed capacity of 75,944 ring spindles and 912 rotors. In 1994-95, the company reduced 3080 spindles at one of its units as they had become obsolete. It has added nine automatic winding machines at various units. SRM is a member of the South India Textile Research Association (SITRA). The company continued its modernisation and renovation programmes to improve the quality and productivity. The textile industry as a whole has been pushed to a tight corner on account of the unprecedented rise in the cost of cotton and increase in the cost of other inputs.