Leading Mid Corporates 2020

32 Leading Mid-Corporates of India 2020 Faze Three Limited About the Company Faze Three Limited established in 1985 and listed on BSE has vertically integrated manufacturing facilities for Home and Technical Textiles (Automotive Fabrics). It exports to Globally renowned Retailers with focus on USA, UK and Europe. The company is rated BBB+ by Care ratings (July 2020). Products Home textile products are Bathmats, Accent Rugs, Top of the bed product along with Throws, Cushions, Blankets, Comforters, etc. https://www.fazethree.com/home-and-decorative-textiles/ Faze Three Autofab Faze3’s technical textile division (Automotive Fabrics) was demerged in 2000 and become an individual entity, viz. Fazethree Autofab Limited (listed). The company is a designated supplier to almost all OEMs in India, viz. Maruti Suzuki, Hyundai, Ford, Mahindra, TATA, VW, Skoda, Toyota, Nissan, Honda, etc. Innovations and Product Development Faze3, is an innovation-driven group, with a continued pursuit for creative ideas, innovative designs, and value addition enabling it to stay ahead of the curve in new category orders whereby driving revenue growth and boosting operating margins during FY 20. The company has in-house design, R&D, new development team backed by production across all product lines. The company’s core strengths are proven track record /experience, continuous innovation, the absolute commitment to quality, reliability (timely deliveries), long-serving customer relationships, and global standard infrastructure in addition to synergies derived through its group companies. Group Assets The company has seven facilities for home textiles across UT of DN & DD, Vapi (Gujarat), and Panipat (Haryana) in India, and one Automotive Fabric manufacturing facility at UT of DN & DD. The group directly employs around 3000 people of which ~15% are women and many more indirectly. The group infrastructure which includes land, building, and machinery, etc. (Group Assets) are valued over INR 3 Billion, Group Revenue exceeded INR 4.75 Billion and Net Profit of around INR 280 Million for FY 2020. Recent Developments The company has recently installed a 110-kWh roof-top solar power plant at one of its Dadra units. We are also innovating our products to make them more eco- conscious with recyclable polyester, antimicrobial finish, boost yarn, etc. https://www.fazethree.com/divergent-textiles-products/ Ajay Anand Managing Director Year of Incorporation 1985 Line of Business Engaged in manufacturing and export of home textiles, cotton handlooms, technical fabrics and textile made-ups. www.fazethree.com info@fazethree.com 022-62421313 Mittal Court, 63-64, C wing, Nariman point, Mumbai 400021 Management Details Managing Director Ajay Anand Dun & Bradstreet D-U-N-S® No 65-041-6837 Dun & Bradstreet