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About CITI - CITI YEG - Member Profile

YOUNG ENTREPRENEURS GROUP (YEG) OF CITI

The Young Entrepreneurs Group (YEG) of Confederation of Indian Textile Industry has grown substantially since its inception in March 2003. The Group, comprising young entrepreneurs in the textile industry holding management positions, has expanded from 25 members in 2004-05 to 43 members in 2009-10. More importantly, the membership has expanded beyond members from spinning and weaving segments to clothing and machinery manufacturers. This was the result of a conscious effort on the part of the members to expand the membership base, keeping in view CITI’s broad basing initiatives.

Activities of the Group

The Group usually meets at least 4 times a year and some expert is called in the meetings of the Group for speaking on specified subjects, which could form the subjects for discussions in the meetings.

Annual General Meeting of CITI-YEG

The Annual General Meeting of CITI-YEG was held on 12th October, 2007 at Orchid' Hall, World Trade Centre in Mumbai. The meeting was attended by several key members of the YEG. The meeting was chaired by Mr. Ashsih Bagrodia, Chairman, CITI-YEG and the key note address was made by Mr. Salil Chaturvedi, Director, Provogue on ‘Integration/ Collaboration of the Supply Chain for Domestic Markets. While making his presentation, Mr. Chaturvedi said that in the early years of ‘Lean’ manufacturing as introduced and practiced by Japanese manufacturers, it was taken for granted that suppliers would collaborate in the systematic effort to eradicate cost, rather than just move it up and down the chain. However, as globalization evolved and supply chains became longer and more complex, something was lost in the translation.

The YEG members discussed the Texsummit-2007 working Group Recommendations and the current state of the Textile and Clothing Industry.

CITI-YEG Annual Retreat

The annual retreat of CITI-YEG was held at Hotel Park Hyatt, Goa on 22-24th, August, 2008. The introductory session of the YEG members and their spouses were held on 22nd evening. Later there was an entertainment programme organized by Ms Event Mantra, Goa based on Arabian Night theme.

On 23rd August, three business sessions were organized. In the fist business session on ‘Leadership and DNA-The connect, Mr. Sandeep Chaudhary, Director, Maps n Grow Consulting, made a presentation on the leadership challenges of CEO’s in the changing global business system. He observed that there is a strong connection exists in the DNA and the character of a business firm as in the case of an individual. Sighting an example of US automobile industry, Mr. Chaudhary pointed out that When US auto majors deviated from affordable style to emulate functional and more reliable economy of Japanese auto makers; the US auto companies started experiencing problems. They deviated from their core DNA- style and affordability to functional perfection. When a trading savvy organization tries to become customer service oriented manufacturer, it is slated to fail, he said.

In the second business session, Mr. B C Mahesh, Head projects (power division), Thermax, observed that in the next 10 to 15 years, it would be naïve to see availability catching up with demand in the power sector and creating self sufficiency and thus industry receive un-interrupted power. He explained the cost effective ways of attaining power in the coming era and the plans thermax unveils in the power sector.

In another presentation on ‘Partner in Progress of the Textile Industry’, Mr Richakant Mishra, Head, Risk Management Solutions, Dun &Bradstreet despite the fact that Indian Textile Industry has high competency in cotton textiles: strong cotton base, the Imbalanced product mix and low competitiveness in MMF is still affecting the prospects of the industry in the international markets. He observed that the domestic market likely to grow at 10.4% - 12.6% CAGR until 2010 and the Yarn and fabric consumption would grow by 10% in FY09.

CITI YEG MEMBER PROFILES: 2009-10

Mr. Vikas Ladia (Chairman – CITI YEG) Joint Managing Director Shree Rajasthan Syntex Ltd	Mr. Adarsh Kanoria (Vice Chairman – CITI YEG) CMD Bengal Tea & Fabrics Ltd.

Mr. A. Niranjan Sankar Vice President Sree Ayyanar Spinning & Wvg. Mills Ltd.	Mr. Adish Oswal Head – Business Development & Corporate Affairs Vardhman Polytex Ltd. (Oswal Group)

Mr. Amit Gopal Patodia CEO / Sr. President PBM Polytex LTd. (Patodia Eurotex Group)	Mr. Amit Sanghi Chief Executive Officer Sanghi Spinners India Ltd.

Mr. Anuj Bhagwati Managing Director ATE Enterprises Pvt. Ltd.	Mr. Ashish Bagrodia Jt. Managing Director Winsome Textile Industries Ltd.

Mr. Ashish Saraf Director Technocraft Industries (I) Ltd.	Mr. Chintan Patel Director Deesan Tex-Fab P. Ltd. (Priyadarshini Group)

Mr. Gokul K. Director Sri Jayajothi & Co. Ltd.	Mr. Harish Cherukuri Managing Director Priyadarshini Spinning Mills Ltd.

Mr. Manish Kumar Managing Director Ritspin Synthetics Ltd.	Mr. Manish Biharilal Mandhana Managing Director Mandhana Industries Pvt. Ltd.

Mr. Mohit Jain Director Indo Count Inds. Ltd.	Mr. Manojj Kumar Patodia Managing Director Prime Textiles Ltd.

Mr. Ness N. Wadia Dy. Managing Director The Bombay Dyeing & Mfg. Co. Ltd.	Mr. Mukund Choudhary Managing Director Spentex Industries Ltd.

Mr. Rajiv Patodia Executive Director Eurotex Industries And Exports Ltd.	Ms. Pooja Sanghi CEO SZF Pvt. Ltd. (Sanghi Group)

Mr. Ritesh Agarwal Executive Director, Rajvir Industries Limited	Mr. Riju Jhunjhunwala Joint Managing Director RSWM Ltd.

Mr. Saket Jaipuria Chief Executive Ginni Filaments Ltd.	Mr. Sachit Jain Executive Director Vardhman Group

Mr. Siddarth Sanghi Vice President Sanghi Spinners India Ltd.	Mr. Shailesh Goenka Director Texport Industries Pvt. Ltd.

Mrs. Suchita Jain Executive Director Vardhman Spg. & Gen. Mills Ltd.,	Mr. Sridhar Varadaraj Managing Director Premier Evolvics Pvt. Ltd.

Mr. Susheel Kumar Gupta Executive Director Vijay Textiles Limited	Mr. Sunil Goenka JMD Texport Syndicate (I) Ltd.

Mr. TRV Ramkumar Executive Director Shri Govindaraja Mills Ltd.	Ms. Swati Sanghi Vice President Sanghi Spinners (I) Ltd.

Mr. Nitin N. Mandhana Vice Chairman & MD Indus Fila Ltd.	Mr. Umang Patodia Managing Director Patspin India Limited

Mr. Vishalbhai U. Sheth Managing Director AML Exports Pvt. Ltd	Mr. Vishal Lohia Director Indo Rama Synthetics (I) Ltd.

Mr. Sanjeev Mukhija Managing Director Goldenseam Textiles Pvt. Ltd.	Mr. Prashant Mohota Managing Director Gimatex Industries Pvt. Ltd.

Mr. Rajneesh Arora Vice Chairman Dicitex furnishings LTD	Mr. Vishal V. Chiripal Chiripal Ind. Ltd.

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