CA Nidhi Batavia
Chief Financial Officer
Prior to Sanathan Textiles, Nidhi has worked across multiple leading organizations like A F Ferguson, ICICI Bank, WNS Global Service, and Hindustan Platinum where she has successfully driven business growth & expansion plans, M&A, due diligence, cost optimization initiatives through understanding product, process and people. In all these organizations she has learned significant values which she leverages in her current role to lead the organization toward its visionary goal. Nidhi is passionate about automation, digitization, and the upgradation of technology and that's what keeps her motivated. Let's hear it from the dynamic leader as she talks about her journey and more.
Tell us about the position of Sanathan Textiles in the market.
Sanathan Textiles is the only organization in the textile space that manufactures all three types of yarn polyester, cotton, and yarn for Technical textiles under one roof. We have more than 100,000 SKUs which offers a lot of variety to the customer to develop & manufacture their own innovative products. Sanathan Textiles has a very strong market reputation and this has been possible because of our excellent team who treat our customers as business partners. Our Sales and
R&D Teams closely work with customers to cater to their dynamic demands, growing needs as per changing market environment and trends.
Our management team shows an encouraging and positive mindset towards all their stakeholders There are a set of experienced professionals who are driving and implementing a change within the organization. These professionals hail from various sectors within the manufacturing as well as the service industry.
As a CFO, how do you determine the profitability of an investment in the company?
In strategic investments like Merger & Acquisition, we conduct a detailed due diligence of the target company's market share, production capabilities, demography of assets, financial stability, financial leverage in terms of profitability, Debt Equity and other key ratios the payback that we are looking to achieve from this investment. We also look into the relationships they have with various stakeholders including bankers, investors, vendors, employees and customers. We also check into the non-financial parameters like risk management strategy including ways of monitoring compliances and the corporate philosophy towards ESG, CSR activities.
What are the latest technologies adopted by the company for sustainable production?
Since Sanathan Textiles is a manufacturer of high volume Polyester Yarn, Cotton Yarn, and Yarns for technical textiles with enormous amounts of raw materials coming in, it is nearly impossible to run the business only through manpower. Hence, we have automated the production process to the extent possible. So, there is a continuous polymerization plant that we have installed in the production space wherein the entire integration is done to such an extent
Our management team shows an encouraging and positive mindset towards all their stakeholders There are a set of experienced professionals who are driving and implementing a change within the organization. These professionals hail from various sectors within the manufacturing as well as the service industry.
Sanathan Textiles has a very strong market reputation and this has been possible because of our excellent team who treat our customers as business partners
As a CFO, how do you determine the profitability of an investment in the company?
In strategic investments like Merger & Acquisition, we conduct a detailed due diligence of the target company's market share, production capabilities, demography of assets, financial stability, financial leverage in terms of profitability, Debt Equity and other key ratios the payback that we are looking to achieve from this investment. We also look into the relationships they have with various stakeholders including bankers, investors, vendors, employees and customers. We also check into the non-financial parameters like risk management strategy including ways of monitoring compliances and the corporate philosophy towards ESG, CSR activities.
What are the latest technologies adopted by the company for sustainable production?
Since Sanathan Textiles is a manufacturer of high volume Polyester Yarn, Cotton Yarn, and Yarns for technical textiles with enormous amounts of raw materials coming in, it is nearly impossible to run the business only through manpower. Hence, we have automated the production process to the extent possible. So, there is a continuous polymerization plant that we have installed in the production space wherein the entire integration is done to such an extent
that directly from the polymerization polymer goes to the spinning and the texturizing area where the yarn is made. Apart from that, we also have an Automated Storage and Retrieval System (ASRS) where in we have placed robots that are programmed to carry out the storage of finished goods and its dispatch. We are also looking at implementing as much automation as possible in the finance and production processing space to obtain better results.
What are the changes in market behavior that you anticipate and how do you plan to keep up with the changing trends?
The apparel industry is continuously evolving with the increase of per capita income and the changing trends and demands of the people; they have become more fashion and quality conscious and there has been an abundant increase in demand for recyclable products as people have become more environmental conscious. At Sanathan Textiles, to cater to the environmentally conscious needs, we are encouraging manufacturing of recycled yarns and one of our yarns under the brand name Sanathan Rivero is made out of chips that are manufactured from waste recycled bottles.
What advice would you give to budding industry leaders?
I would advise budding industry leaders to have aggressiveness and agility as their key characteristics. They must implement a generation of new ideas at a very high speed to be on track with the competitive market. Also, their ideas should be innovative; innovation could be in the space of not only technology but also in the space of serving their customers.
CA Nidhi Batavia, CFO, Sanathan Textiles
An associate member of The Institute of Chartered Accountants of India, Nidhi holds a bachelor's degree in Commerce and has extraordinary experience in managing core finance and accounts operations, M& A, and corporate finance.
What are the changes in market behavior that you anticipate and how do you plan to keep up with the changing trends?
The apparel industry is continuously evolving with the increase of per capita income and the changing trends and demands of the people; they have become more fashion and quality conscious and there has been an abundant increase in demand for recyclable products as people have become more environmental conscious. At Sanathan Textiles, to cater to the environmentally conscious needs, we are encouraging manufacturing of recycled yarns and one of our yarns under the brand name Sanathan Rivero is made out of chips that are manufactured from waste recycled bottles.
What advice would you give to budding industry leaders?
I would advise budding industry leaders to have aggressiveness and agility as their key characteristics. They must implement a generation of new ideas at a very high speed to be on track with the competitive market. Also, their ideas should be innovative; innovation could be in the space of not only technology but also in the space of serving their customers.
CA Nidhi Batavia, CFO, Sanathan Textiles
An associate member of The Institute of Chartered Accountants of India, Nidhi holds a bachelor's degree in Commerce and has extraordinary experience in managing core finance and accounts operations, M& A, and corporate finance.