Siyaram Silk Mills has bought ownership rights to manufacture and market Italy’s lifestyle brand Cadini for its fabric segment in India, Sri Lanka and few other countries in Middle East. The company is eyeing around Rs 100 crore revenues through the brand in the next financial year.
“Siyaram's currently has an annual revenue of around Rs 1,550 crore and expects to grow by 10-15 per cent annually this year. We expect Cadini to contribute around Rs 100 crore of our total revenues in the next financial year,” Siyaram Silk Mills Chairman and Managing Director Ramesh Poddar said.