Anna Kitex Group Explained

Anna Kitex Group
Native Name:അന്ന കിറ്റെക്സ് ഗ്രൂപ്പ്
Former Name:Anna Group
Founder:M. C. Jacob
Hq Location:Aluva, Kerala, India
Subsid:Kitex Garments Limited[1]

Anna Kitex Group (also known as Kitex) is an Indian conglomerate founded by M. C. Jacob in 1968 and based in Kizhakkambalam, near Aluva in Kerala.[2]

The group initially made aluminum products such as kitchen utensils and cookware in the 1970s, and later ventured into producing spices, textiles, and bags.[3] Its flagship company, Kitex Garments Limited, is reportedly the world's second-largest infant clothing manufacturer.[4] It also runs a non-profit, political organization called Twenty20.[5]

History

In 1968, M. C. Jacob founded Anna Aluminum Limited with eight workers.[6] Anna Aluminum Limited changed its name as Anna Group in 1972 and launched a packaged curry powder brand.

In 1978, Anna Group launched a garment brand called Kitex Limited, an acronym of 'Kizhakkambalam Textiles'.

In 1992, Anna Group expanded its business to the global markets by launching Kitex Garments Limited.[7]

In the early 2000s, Anna Group was rebranded as Anna Kitex Group.

In 2011, after the death of M. C. Jacob, company management split between his sons. The elder son handles business in domestic markets, while the younger son runs its international business.[8]

As of 2021, Kitex Garments, a subsidiary of the group, is the world’s second largest infant clothing producer as well as a major supplier to Walmart and Amazon. The Group is one of the largest private sector employers in the state of Kerala.[9]

In July 2021, Kitex Garments Limited announced that they are investing crore in Telangana by setting up a factory at the Kakatiya Mega Textile Park in Warangal, after dropping their earlier plan of investing in Kerala.[10]

Brands

Notes and References

  1. Web site: Kitex Garments Ltd..
  2. Web site: Anna Aluminum Private Limited - Company, directors and contact details . 2021-07-12. Zauba Corp.
  3. Web site: When was Kitex Garments started?. live. 2021-07-13. Moneycontrol. en. https://web.archive.org/web/20210710075541/https://www.moneycontrol.com/news/business/explained-kitex-garments-controversy-why-the-company-pulled-its-proposal-to-invest-rs-3500-crore-in-kerala-7133251.html . 2021-07-10 .
  4. News: Kitex exits Kerala: A multi-crore blow the state could ill-afford . 12 July 2021 . Asianet News Network Pvt Ltd . en.
  5. News: Kizhakkambalam Twenty 20: How a corporate group has entered the Kerala Assembly polls . 13 July 2021 . The News Minute . 12 March 2021 . en.
  6. Web site: July 31. Kerala: CPI(M)-backed trade union strike lands philanthrope M.C. Jacob in trouble. live. India Today. https://web.archive.org/web/20210709100634/https://www.indiatoday.in/magazine/nation/story/19890731-kerala-cpim-backed-trade-union-strike-lands-philanthrope-m.c.-jacob-in-trouble-816323-1989-07-31 . 2021-07-09 .
  7. Web site: History of KITEX Garments - . live. 2021-07-12. The Textile Magazine. en-US. https://web.archive.org/web/20210712113438/https://www.indiantextilemagazine.in/kitex-vision-2025-aiming-at-rs-2165-crore-turnover-by-investing-rs-910-crores-in-six-years/ . 2021-07-12 .
  8. Web site: Sabu And Bobby Jacob: Cut From A Different Cloth. 2021-07-12. Forbes India. en.
  9. Web site: Panchayats unlimited. 2021-07-13. The Week. en.
  10. Web site: Kitex Enters Telangana With Initial Investment Of Rs 1,000 Crore. 2021-07-13. Moneycontrol. en.