Founded as a family enterprise by Mumbai and Surat based Agarwal family, Shubhalakshmi Group began trading in fabrics and yarns in 1979 as partnership firm. The Group started its first manufacturing facility for crimp yarn in Daman, Union Territory, India in the year 1989 followed by a manufacturing plant of POY with a total project cost of Rs. 37.6 Crores in February, 2005 under the name of Shubhlaxmi Petrochemicals, a partnership firm. The partnership was then converted into Public Limited Company in September, 2005 in the name of Shubhalakshmi Polyesters Limited ("SPL"). All the Manufacturing Units of the Group were merged into Shubhalakshmi Polyesters Limited in 2006.
The Agarwal family identified a trend that has continued increasing industrial demand for man-made yarns. At present SPL have five units which are located in Daman and Silvassa for the manufacturing of POY and FDY.
6Th Floor, Deluxe House B/50, Off New Link Road, Andheri (West)
Mumbai; Maharashtra; Postal Code: 400053
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