Apparel June 2019 Apparel June 2019 | Page 86

ENTREPRENEUR SPEAK Kitex: Leading the Way Kitex Garments has established itself to be in the front line of the kids’ wear industry. Meera Warrier charts the highs and lows of the company along with Sabu Jacob, Kitex’s Chairman and Managing Director. A second-generation entrepreneur, Sabu Jacob is credited with placing Kitex Garments as the world’s third largest garment manufacturer for infants. In this interview, he speaks about his journey, learnings along the way, and vision for the future. CAN YOU SHARE SOME INSIGHTS INTO YOUR JOURNEY SO FAR? In his young days, my late father M C Jacob, founder of the family’s Anna-Kitex Group, strongly believed that the textile industry could generate much more employment opportunities than the aluminium or spices sectors; this eventually resulted in the inception of Kitex. He was constantly deliberating on ways to increase job opportunities for the people of Kizhakkambalam. I joined Kitex in 1973 as a cleaning boy. It was sustained hard work. Gradually, I picked up the ropes, and became involved in the construction of 80 I APPAREL I June 2019 the textile factory and installation of looms therein. Upon graduating with a major in economics, I took charge of the shop floor, after which there was no looking back. I went on to become the Executive Director, and then, the Managing Director. My father says, “No university can teach you these life skills, except experience.” I learned everything through experience and from my father. My regular travels to exhibitions to understand new technologies in the garment industry set in me the seed to establish a garment unit. Unfortunately, the first five years were plagued by continuous losses. The unit initially aimed at manufacturing garments for all segments but we soon saw a great business opportunity in the infants’ garments area. In 1992, Kitex Garments Ltd (KGL) became the only listed entity of our group, which raised R4.72 crore in 1995, through an initial public offering