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Issue Date:04 July 2019     Price in Rs. R 7000    Price in USD. $ 100

Chennai head quartered Pothys focuses on retailing of silk based garments. The key companies in the group are Pothys Private Limited and partnership firm  Pothys. The management plans to convert the partnership firm Pothys into a private limited company during FY20, before merging it with PPL to form a single operating entity by FY21, says a note by India Ratings. 


Pothys was established over 90 years back by K.V. Pothy Moopanar, under the name Pothy Moopanar to sell cotton sarees, dhotis and towels woven in his own loom. The first showroom was set up at Srivilliputtur. Currently, the group has 16 showrooms in 11 cities spread across Tamil Nadu, Kerala, Karnataka and Puducherry to sell cotton and silk sarees, dhotis, towels and other garments.


The private limited firm Pothys Private Limited was stabled in 2014 and has 5 directors: Sadayandi Mahesh, Sadayandi Murugesh, Sadayandi Pothiraj, Sadayandi Ramesh, Sadayandi Ashok.


Pothys reported of Rs 29B (USD410m) in FY19; with an EBITDA margin of around 10%.


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