— Grandhi Eswara Rao is pleased to announce that his firm, GER Group, has reached the position of South India's largest private sector enterprise. The founder, chairman and managing director of Vasavi Group of Industries is known as GER and he hails from Rajam in the Srikakulam District of Andhra Pradesh. The Group has a significant presence in core sectors of growth, including steel and power, diversified into textiles, sugar, agriculture and software.
The energy and materials value chain boasts annual revenues in excess of USD3 billion. It has grown steadily over the years, with a current turnover of more than $192 million USD. The roster of employees is currently at 5,000. The firm's reputation in the sector permits it to be recognized for global leadership in its businesses. GER is the largest cotton grey fabric producer in the world and is one of the top ten exporters in India for major textile products. At present, the Group textile exports products are in excess of $30 million to more than twenty countries around the world.
Grandhi Eswara Rao credits the evolution and growth of GER Group with backward vertical integration. Beginning with textiles in the late 90s, GER group followed a strategy of backward vertical integration in polyester, textiles, plastics, steels, wind power, ferro alloys, sugar, floriculture, IT and production. The goal was to be fully integrated along the materials and energy value chain.
The major textile companies are ER Textiles Ltd, Rama Qualitex Ltd, Sarita Synthetics & Industries Ltd and SPS Textiles. The firm has been the recipient of numerous awards and recognition. Some of the recent awards include the Udyog Ratna Award for Best Management and Productivity. Transworld Gold Star Award for overall Excellency in Management and the APEDA Award for Excellency Achieved in Exports of Cut Flowers during 1997-98, 1998-99, 1999-2000, 2001-2002—four consecutive years.
Name: Grandhi Eswara Rao
Email: Send Email
Organization: Ger Group of Industries
Address: 1445 Vajras 1st Floor 28th Main Ssouthend, across Jayaagar 9th Block East, Bangalore, Karnataka India 560069
Release ID: 106494