Rachit Prints Ltd, a key player in mattress specialty fabrics, has appointed Rachit Gupta as Chief Financial Officer. This strategic move aims to strengthen financial oversight amid growth in knitted and printed fabrics for major clients like Sleepwell and Kurlon, supporting the company's expansion plans.
Rachit Prints Limited, incorporated in 2003 and listed on NSE Emerge post its recent SME IPO, specializes in manufacturing high-quality knitted, printed, warp knit fabrics, pillow fabrics, and binding tapes for the mattress industry. Operating a B2B model, it supplies leading brands including Sleepwell, Kurlon Enterprises, and Prime Comfort Products across India. The appointment of Rachit Gupta as CFO signals a commitment to robust financial management, crucial for navigating competitive textile dynamics, capital investments under schemes like ATUFS, and sustaining strong ROE above 40%.
With over two decades in textiles, Rachit Prints has grown through advanced knitting technology and long-term client alliances. Gupta's role will focus on financial strategy, compliance, and efficiency to drive profitability in domestic and export markets.
Key Highlights
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New CFO: Rachit Gupta appointed to oversee finance, reporting, and strategic planning.
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Company Focus: Mattress fabrics like knitted, printed, and warp knit for B2B clients.
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Financial Strength: ROE at 51.2%, market cap ₹52.2 Cr, strong growth track record.
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Strategic Fit: Enhances governance post-IPO, supports expansion and tech upgrades.
Sources: NSE/BSE Exchange Filings, Screener.in, Rachit Prints Official Website, Groww.in.