South Asia’s largest textile manufacturer Textured Jersey (TJ) have been placed on the Forbes “Asia’s 200 Best Under a Billion” list of 2016.
The 200 companies in the Forbes’ Best Undera Billion Asia-Pacific list must have an annual revenue between $5 million and $1 billion and be publicly traded for at least a year.
The 200 are picked from a universe of over 15,000 companies across the Asia-Pacific exchanges based on earnings growth, sales growth and return on equity in the past 12 months and over 3 years.
The Textured Jersey CEO Sriyan de Silva Wijeyeratne is delighted and honoured to be named amongst Asia’s Best. “To be recognized by a prestigious brand likeForbes is a benchmark achievement for the Company as well as the industry.
This is a proud moment for the TJ team, and a testament of our groundbreaking work and milestone achievements in being a part of the ever evolving global supply chain for the garment industry.
We will continue to work closely with our Customers and Partners; our teams have put in phenomenal efforts to consistently provide new Innovations, Costs savings and Faster Delivery to the many Brands we service,” he elaborated.
TJ Chairman Bill Lam said the Board was thrilled to hear this exciting news, and felt that the company was receiving due recognition for some excellent work done over the recent past.
“The Global Fashion Industry is in a transformative stage, and to have a Textile firm manage this turbulence while outshining thousands of businesses in Asia to be featured in the top 200, is indeed something to be proud of” he added.
An expert panel of Asia-based senior executives and internationally-recognized knowledge management and intellectual capital experts select the finalists.
This year’s roster saw an average 60 percent growth in annual sales and in total generated a combined $47 billion in revenue, $10 billion in profit, and has a combined market value of $349 billion.