Leading Mid-Corporates of India 2022

6 Experts' View Leading Mid-Corporates of India 2022 How would you describe the journey of your company since its inception? What is the vision over next 10 years for the group? The Manufacturing journey started in 1982 with 26 handlooms set up within a small factory shed in Panipat. Today the Group has 8 factory locations across India, built as per global standards and considered “State of the Art” in the Industry. The factories spread across 35 acres with approx.120,000 SQM manufacturing area under operation. The group has grown in global exports business, expanded & survived despite global recessions 2001, 2008/09, 2020. The vision is to keep serving our customers with our culture / DNA of Faze Three Limited Ajay Anand Chairman & Managing Director innovation and best quality product offerings and growth/multiply ourselves at least 20% per annum averaged over the medium-long term period while continue to remain long term debt free so that the journey is low risk and sustainable. What are some of the key milestones of the company in recent years? The key milestones recently would be concluding almost 3x expansion within last 12-18 months at our Silvassa locations and being ready for big leap of growth over next 3-5 years. Besides, growth capex being fully funded by internal accruals during the period. Also, we have doubled the Revenue since FY 2019 in FY 2022 with 3x growth in Net Profit over same period, which is an important milestone and testimony of sustainable scalability Whataresomeof thekeyproducts offered by the company? Faze3 is present across multiple product lines under the Home Textiles and Technical Textile segments. Products range from All types of Bathmats, Ultra Luxury Bath Rugs, Washable Area Rugs, High Performance Outdoor/Indoor rugs, Top of the Bed products, Blanket, Curtains, Patio Mats, Cushions, etc. By and large we continue to work closely with all customers to make pretty much any product / merchandise in home textile category (both polyester and cotton) except cotton sheets and terry towels. Kindly elaborate innovations, ESG initiatives taken by your company in recent years? Faze3 has introduced innovations like, to name a few Memory Micro, Easydry, Germieshield, silken-cotton, as value adds to tradition polyester / cotton which add specific attributes to the product. Faze3 has been very successful to implement dope dyed across product lines and achieve wide array of colors / options within short span of 60-90 days turnaround times (which is most critical). The trademarks for said innovations are registered with Faze3. Dun & Bradstreet