The LP GROUP
Lalbhai Popatlal, the patriarch of the LP Group, started supplying threads for bidi in 1950s.
LP Group has grown to become a 2000 crore conglomerate with business across all verticals viz trading, manufacturing, distribution, distribution and retail.
A family run textile powerhouse evolved from values since 1950 and has grown on the strength of a team driven by passion.
The philosophy on which the “business” follows relationship has been passed on from earlier generation to the next generation. – ideology on which the business performs.
The Journey of
Nostalgia: Lalbhai Popatlal (LP) started yarn trading business with monopoly of Azamjhai Mills, Warangal. Also started making bidi ball manufacturing to supply the same to bidi manufacturers in Ahmedabad and Madhya Pradesh.
The Beginning: Elder son Jitendra Lalbhai joined the business and established Jitendra Kumar Lalbhai
Our Values Touch Yarns: Yarn indenting business initiated by Jitendra Lalbhai with the agency of The Patel Mills Co. Ltd. under Jitendra Kumar Lalbhai. Our Business grows on our core values comprising of integrity, teamwork, trust, innovate, empathy, self-respect, courage and attitude.
New Cloth Market: JKL opens its new office at ground floor of 58 New Cloth Market, a 100 year old hub of textiles in Ahmedabad. JKL becomes Gujarat’s leading yarn marketing company.
Making the World Flat: Acme International Ltd. formed in partnership with Kejriwal family starting exports of cotton yarn. First container of yarn exported to Abdoolally Ebrahim and Co., Hong Kong from Ashoka Mills (Arvind Group)
Creating Standards that didn’t Exist: Acme International Ltd. touches the first milestone reaching sales of Rs. 100 crores. Fabric exports started along with yarn. New export markets started including Korea, Taiwan, Thailand, Singapore, Philippines. Establishing pan India network.
Business Diversification: In a product diversification move, the group enters Housewares business in a joint venture with Abdoolally Ebrahim Housewares Ltd., Hong Kong forming AENCO Housewares India Pvt. Ltd., Mumbai. First export of housewares to UK and Italy.
Foray into Manufacturing: Enters into textile manufacturing, setting up Acme Cotsyn Pvt. Ltd. in partnership with the Patel family. Acme Cotsyn (ACPL) starts with 25 picanol machines manufacturing denim fabric.
Consolidating: Buys over 100% of AENCO Housewares Pvt. Ltd. and renames the company as Acme Housewares India Pvt. Ltd. Also buys over 100% of Acme International Ltd which enters into new product categories of Finished Fabrics, Home Textiles and Garments. Starts Bangladesh office. Exports grow to 40 countries worldwide. Acme Cotsyn expands weaving capacity to 78 Picanol machines.
Passion meets Performance: Achieves landmark sales of Rs. 1000 crores on the strength of a record 2000 FCL of raw cotton shipped to Samsung C&T, Hong Kong.
Spinning the Thread: Bought over spinning facility and started Acme Yarns Pvt. Ltd. with a capacity of 13000 spindles making cotton yarns from 20S to 40S. Buys Casa Copenhagen, UK- a home textile brand.
Embracing Digital Transformation: Acme Housewares enters into E-Tail business with Snapdeal, Flipkart and Amazon laying the foundation of a future direction for the group. Launch of Casa Copenhagen, the first brand from the group in the home textile category.
The New Look: To better reflect the core values and to emphasize the group strength, new look for the logo is incorporated along with the slogan changing to: Led by Values – Driven by Passion.
Building the Brands: Achieves second landmark crossing sales of Rs. 2000 crores. Casa Copenhagen Brands Ltd formed – Group launches various brands – Sofie and Sam (kids garments), Eera (leggings), Beau (ladies garments), Kitchen Kemistry (housewares), Cocktails & Dreams (barware), and Norman Junior (accessories).
LP Charitable Trust: With the strong belief in giving back to the society, LP Charitable Trust is formed with the aim of supporting needy in the areas of education, health, food and sports.
Interlacing the Yarn: Acme Cotsyn weaving division undergoes modernization with old machines discarded and 30 Tsudakoma Airjet looms added taking the facility to 30 air jets and 44 rapiers Acme Cotsyn expands further diversifying into knitting, setting up Greenfield Factory of 12 knitting machine with a capacity of 150 tons per month in grey and dyed knitted fabric.
Innovating the Future: Launch of first flagship retail store – My Casa Copenhagen – a 4500 sq. feet store offering complete home solutions in Ahmedabad.
World Class Facility: Group’s biggest industrial investment – LBTex Pvt LTD in partnership with Bhagat Group starting greenfield state of the art weaving facility of 204 Picanol Summum Looms in joint association with India’s biggest textile company Arvind Ltd.
Made at ACME: Starts first garment facility with a capacity of 1,00,000 pcs/month under Acme Clothing LLP to manufacture Knitted garments with special focus on leggings under the brand – Eera. Knitting division capacity expanded to 15 machines making 200 tons per month.