Kamadgiri Synthetics (KSL), promoted by P K Goenka and others, was incorporated as a private limited company in Feb.'87. Its unit at Umbergaon, Gujarat, has an installed capacity to manufacture 21 lac mtr pa of synthetic fabrics. KSL commenced production, sales and exports in 1987. The company went public in Nov.'93 to part-finance the increase in its existing weaving capacity from 21 lac mtr pa to 29 lac mtr pa by installing state-of-the-art shuttleless weaving machines and to set up a spinning unit with a capacity of 360 tpa. The Company mainly operates in 3 segments. The segment 1 one manufacturing of synthetic fabrics and segment 2 dealt with manufacturing of blended yarn, segment 3 dealt with rent and services. The raw materials required by the company are texturised polyester yarn and polyester viscose spun yarn. KSL sells its products to the sourcing concerns of several manufacturers of well-known brands like Siyaram, Grasim Industries, etc. About 50% of the yarn produced is consumed captively and the balance is sold in the domestic market. The company's product is exported to Egypt, Indonesia, Kuwait, Saudi Arabia, Bahrain, Colombia, Lebanon, U.A.E, Bangladesh, Jordan, Singapore. The company has been granted Export House Status by Government of India, Ministry of Commerce for a period of 3 years from 01.04.96 to 31.03.99. Company has took new innovative product mix, design, blended fabric and better product line, maximum utilisation of capacities, cost reduction, economies of scales which will bring in positive change in turnover and profitability of company. Company product "KSL-TRUE Value" is fairing well & has introduce various superfine quality suiting made of Viscose Polyester blend fibre under its brand name "True Value".