TT Ltd has cancelled its MoU with Resilient Cotspin. The MoU involved selling of the company’s Rajula, Gujarat-based spinning mill assets to Resilient Cotspin, The company is searching new buyers.
TT Ltd is the flagship company of the 71 years old TT Group. Founded by Dr Rikhab Chand Jain, the company covers the entire textile sector from cotton, yarn and fabrics to garments and accessories. It is a vertically integrated and ISO 9001 Certified garment manufacturer and registered under Three Star Export House. The company has 25 franchise production units at eight different locations while its dealer network extends to 500 Wholesalers throughout India.
TT is also the first Indian knitwear company to go public. It has offices in New Delhi, Kolkata, Avinashi and Rajula while manufacturing facilities are located at Gajroula (UP), Avinashi (Tamil Nadu), Kolkata (West Bengal), Rajula (Gujarat).
