Leading Mid-Corporates of India 2022

7 Experts' View Leading Mid-Corporates of India 2022 ESG is now integral to our overall strategy. On ESG front, Faze3 has voluntarily adopted the BRSR reporting framework in FY 2022 ahead of time. Some of the big initiatives are: 1) Share of Women in overall work force from 15% to 25% over last 3 years 2) 1/3rd of our electricity consumption at two of largest Silvassa units comes from Rooftop Solar this was integrated as a part of our expansion. 3) Rain water harvesting 4) Water recycling vide ZLD waste water initiative already integrated into our expansion. 4) Also moving towards GAS as exclusive fuel for textile processing in North India (Panipat) unit in FY24 from traditional fossil fuels despite higher costs of operation. What are some of the key factors that give you an edge over your peers? Our diversified product mix/ customer mix, inter-factory learnings to maximize efficiency and productivity, incorporating global best practices and synergies, Group’s knowhow in technical fabrics and materials, in house R&D, Design and Innovation team for new tech / high performance home products, overall cost competitiveness, scalability, experienced team, last but not the least our track record of over three decades of consistent, reliable and quality vendor for some of our large retailers are some of the key factors. How is your company uniquely placed to benefit from China plus One trend Faze Three is an accredited supplier to all large USA/EU/UK retailers who sincerely intend to have an alternative supply chain for all textile products. There are very few textile manufacturers in India with ability to develop & scale new products within short span of time along-with ready infrastructure / capacity of up to 3 times of current capacity capable of doing competing products which erstwhile were done from China. Our Group’s know how in Polyester/ MMF is at par if not better with Chinese textiles on MMF. The MMF growth opportunity for the entire country is 30-40x given that India’s existing share in global MMF share compared to China is very low. The entire Indian MMF supply chain would have to develop in terms of capacity, capability and economy over next 10 years to gain this market share like India did in cotton from 2000 until today. We are actively exploring opportunities to set up new products under this initiative to add on to current business with our multiple large customers. What is your company’s growth strategy for next 3-5 years? Innovation and quality are our core culture at Faze3. Most of our expansions are brownfield until this time and we are long term debt free as a Group, this offers significant ability to be price competitive at all times and tide over challenging times relatively better. Overall, we are extremely customer focused with customer at heart of every innovation & catering their requirements and growth avenues, with our top 10 customers remains our top priority / growth strategy. We curate / structure ourselves as per business requirements of our customers whether it was expansion, embracing ESG before time, offering recycled options, high quality products, China Plus One, etc. Dun & Bradstreet