In the field of speciality synthetic yarns, AYM Syntex is one of the largest manufacturer of multipolymer Textile & Bulk Continuous Filament (BCF) yarns with offices spread across India. With the largest yarn dyeing house in Asia, AYM offers world-class quality, wide range of shades, exceptional service & breakthrough innovation.
With plants located at Silvassa (Dadra Nagar Haveli) and Palghar (Maharashtra), AYM Syntex is well equipped to meet both domestic and international customer demand for synthetic yarns.
The company’s state-of-the-art multipolymer Textile & BCF yarn manufacturing facility at Silvassa (India) serves the diversified global textile & floor covering industry. These lines are capable to manufacture speciality yarns, first-of-its-kind across the globe. The plant is equipped with an R&D facility for master batch colour development, pilot spinning and sample tufting (MTUFT) for the customer’s tailor-made needs.
Our Palghar facility houses India’s largest, 100% environment-friendly automated dyeing facility with a zero liquid discharge system.
Shares of the Company were listed on Bombay Stock Exchanges Ltd.
Launch of yarn dyeing and texturising facility in Palghar, India.
POY, FDY spinning and texturising launch at Silvassa, India.
Commercialized dope dyeing in India.
Manufacture of polyester mother and mono yarn first time in India, leading to huge import substitution.
Pioneered manufacturing of BCF (Bulk Continuous Filament) yarn for floor covering industry and became the first merchant exporter of BCF yarns.
Established R&D center for excellence and innovation.
Company’s name changed to AYM Syntex Limited consequent to the change in shareholding.
Capacity expansion in BCF yarn manufacturing.
India’s first automated synthetic filament yarn dispensing & dyeing facility on Plastic Perforated Tubes (PPT).
Only Indian manufacturer of conjugated yarns.
First in Asia to manufacture yarns for sewing threads using NovacoreTM technology.
Only Indian manufacturer of low denier high tenacity polyester yarns for industrial applications.
We wish to create a legacy by touching lives globally through
Innovative Products
Processes &
Business Models.
Touching lives across 55+ countries.
Rajesh R. Mandawewala is the Chairman of the Company and Group Managing Director of Welspun. He is a Chartered Accountant by profession, Mr. Mandawewala has over four decades of experience in non-executive roles from textile industry to SAW pipes industry. He has been instrumental in driving large scale growth and added differentiated value in the business. He strongly believes in driving innovation through continuous research and product developments, catering to the current and future needs of customers.
Mr. Abhishek R Mandawewala was appointed as a whole-time director with effect from 1st August 2015 and subsequently elevated to the position of Managing director & CEO with effect from 6th May 2017. He initiated the transformational journey of the company and has created world class manufacturing facility involving diverse technology that has elevated the company’s capacities. His leadership skills has up-scaled the landscape of the business and opened opportunities for expansion, customer base, new industry developments and so forth. He is responsible for the strategic elevation of the business and setting direction to achieve new horizons. He has paved the way for the Company’s progressive growth nationally and globally. He holds B.A./M.Eng (Honours) in Manufacturing Engineering from University of Cambridge.
Ms. Khushboo Mandawewala was appointed the head of Human Resources and Administration department Corporate Social Responsibility and is responsible for strategizing Company’s CSR vision and optimum deployment of Company’s human resources.
Mrs. Khushboo Mandawewala has completed Bachelor of Engineering in Information Technology from D J Sanghvi, College of Engineering in the year 2009. Started her journey as a software engineer in 2010. With a major focus on women empowerment & healthcare, she played a key role in conceptualizing and implementing a sustainable income-generating program for women in cutting and stitching home textiles and a primary health care program through mobile health vans across target locations.
Mr. KH Viswanathan is a Management Consultant for the last 18 years, having over 33 years’ experience in the field of Tax and Legal advisory and structuring, Management and Due - diligence audits, Business Strategy, Mergers and Acquisitions etc.
He is a Director on board of several leading companies in the areas of textiles, heavy engineering etc (both listed and subsidiaries of listed companies) and member / Chairman of Audit Committees, Risk Management Committees, Nomination & Remuneration Committees and Share Transfer & Investor Grievance Committees.
He has been advising several clients in diverse sectors on business / organizational structuring / re-structuring, merger and acquisition related aspects, systems implementation, preparation of SOP Manuals, HR and Marketing aspects etc. He brings diverse knowledge and experience to company through his client handling expertise ranging from both Indian and Multinational sectors covering various industries, such as Manufacturing, Oil and Gas, Media, IT/ITES, Infrastructure sectors, Gems and Jewellery, Retail etc. He has handled several due diligence audit assignments covering sectors like engineering, FMCG, media, IT/ITES, aviation, manufacturing, textiles, bio-sciences and pharma, gems and jewellery etc .
Mr. Viswanathan is Bachelor of Commerce (B.Com) from University of Mumbai in 1982 and A.I.C.W.A from The Institute of Cost & Works Accountants of India in 1986.
Ms. Mala Todarmal is on the Board of the Company as an Independent Director since 31st January, 2004. He was Managing Director, General Insurance Corporation of India and retired as Chairman, National Insurance Co. Ltd. In 2001.
Besides his stint in the Non-life Insurance sector, Ms. Mala Todarmal was also involved in overseeing the working of the GIC Mutual Fund, as a Trustee, and with the GIC Housing Finance Company Ltd. as its Director for many years.
For some 25 years, Ms. Mala Todarmal has been on the Board of more than a dozen Public Listed Companies, in diverse sectors such as: Insurance; Financial services; Fertilizer & Chemicals manufacturing Companies; Steel Pipes manufacturing; Textiles and many more. His multi- sectorial experience has been a great value addition to the company. For a time, he was a Non-Executive Chairman of some of the listed Companies until their merger with the Parent Company.
Ms. Mala Todarmal is presently also on the Board of Welspun Enterprises Ltd., a leading Infrastructure Company of the Welspun Group, since 2012.
Mr. Harsh Bhuta is an Independent Director in listed companies of Welspun Group, JSW Group and TCFC Finance Limited. He is an LL.B. scholar from Mumbai University and cleared Solicitor’s exams in 1974 held by the Bombay Incorporated Law Society.
Mr. Harsh Bhuta joined Kanga & Co., Advocates & Solicitors as an Associate in November 1974 and became a Partner of Kanga & Co. on 1st April 1980 and since then he is with Kanga & Co. & practicing in Bombay High Court. He is known internationally and nationally for his work in various High Courts and Statutory Authorities.
He adds value to the company through his diverse knowledge and specialization in Merger & Amalgamation; Corporate Law Advisory; appearances before National Company Law Tribunal; commercial arbitrations being conducted in India and also under the Rules of International Chamber of Commerce.
Mr. Harsh Bhuta is a bachelor’s in science, L.L.B & Solicitor and has delivered Lectures at the seminars organized by Indian Merchants’ Chamber, Mumbai; Institute of Company Secretaries of India and Institute of Chartered Accountants of India.
Mr. Abhishek R Mandawewala was appointed as a whole-time director with effect from 1st August 2015 and subsequently elevated to the position of Managing director & CEO with effect from 6th May 2017. He initiated the transformational journey of the company and has created world class manufacturing facility involving diverse technology that has elevated the company’s capacities. His leadership skills has up-scaled the landscape of the business and opened opportunities for expansion, customer base, new industry developments and so forth. He is responsible for the strategic elevation of the business and setting direction to achieve new horizons. He has paved the way for the Company’s progressive growth nationally and globally. He holds B.A./M.Eng (Honours) in Manufacturing Engineering from University of Cambridge.
A natural leader, great orator, patient listener and effective team builder
Handled marketing of nylon and polyester yarns for more than two decades
Manages commercials, financial institutions, investors and projects since the last 5 years
A thoroughbred in analytical skills, manufacturing processes, financial management, administration and vendor-supplier relationships
A chemistry graduate with an MBA in marketing & international business
Ms. Khushboo Mandawewala was appointed the head of Human Resources and Administration department Corporate Social Responsibility and is responsible for strategizing Company’s CSR vision and optimum deployment of Company’s human resources.
Mrs. Khushboo Mandawewala has completed Bachelor of Engineering in Information Technology from D J Sanghvi, College of Engineering in the year 2009. Started her journey as a software engineer in 2010. With a major focus on women empowerment & healthcare, she played a key role in conceptualizing and implementing a sustainable income-generating program for women in cutting and stitching home textiles and a primary health care program through mobile health vans across target locations.