India’s leading manufacturer of personal protective equipment (PPE), Mallcom India Ltd., Kolkata recorded a revenue growth of 14.3 per cent in FY20-21. In this fiscal, its profit after tax (PAT) increased by 39.8 per cent from Rs. 1,826.07 lakh in FY19-20 to Rs. 2,552.24 lakh.
In just five years, the company increased its production capacity in almost all segments and further strengthened its leadership position in PPE segment.
Despite facing certain challenges on account of cheaper imports, domestic oversupply and weaker realisations, Mallcom reported a capacity utilisation of around 82 per cent, amongst the highest in India’s competitive PPE sector.
Its subsidiary Mallcom Safety Pvt. Ltd. has started production of high-performance outerwear and rainwear at its new unit at the Apparel Park SEZ in Ahmedabad, Gujarat.
The company will also be inaugurating a new production line for nitrile gloves in its Falta SEZ unit.
With the global trend of finding an alternative to Chinese manufacturers gaining pace, the company is anticipating larger export order volumes.
Consequently, Mallcom has started to ramp up its production capacity by setting up a new protective apparel manufacturing plant at Ghatakpur, Kolkata with a capacity to produce 2 lakh units per month, which should go live by April 2022.
The company is also working on CSR front as it has spent Rs. 31.51 lakh in CSR initiatives in FY20-21. It took a host of measures such as providing pandemic insurance of Rs. 1 lakh per employee, providing flexible working hours and continuous IT support to those working from home.
Mallcom has said that the salaries were disbursed within the 3rd day of each month and increments were made as per schedule for FY21-22.
Furthermore, paid COVID leaves of 7-14 days were granted to employees or their immediate family members testing positive, besides sponsoring travel arrangements for those facing troubles.