Role Objective: To drive the financial and operational turnaround of a multi-location integrated textile company by focusing on profitable and sustainable verticals (Garments & Processing), restructuring non-performing units, optimizing cost structures, and establishing robust execution frameworks under the leadership of a new Director. Key Responsibilities:Operational Turnaround Strategy · Lead the transition from legacy operational inefficiencies to a lean, performance-driven culture. · Design and execute phased closure, sale, or restructuring of loss-making Textile Business units (Spinning, Weaving, and Knitting units). · Shift focus and resources toward high-margin, scalable, and sustainable business units—primarily Garments and Textile Processing. Cost Optimization & Profitability Management · Aggressively reduce fixed costs (including Manpower costs, overheads, maintenance, and underutilized assets) to industry-benchmark levels. · Drive unit-wise profitability analysis and discontinue or consolidate non-performing cost centers. · Set up strong cost accounting mechanisms for real-time control and corrective actions. Multi-Location Operations Leadership · Establish SOPs and SLAs across all units to standardize quality, productivity, and compliance. · Monitor and realign production capacities across locations based on demand, margin contribution, and capability. · Harmonize logistics and resource utilization across sites for maximum synergies. Garments & Processing Growth Enablement · Scale up capacity, productivity, and market responsiveness in Garments and Textile Processing. · Drive automation, energy efficiency, and waste reduction programs in these core units. · Integrate production planning with sales forecasts for agile delivery and cost control. People Management & Organization Restructuring · Reorganize teams for speed, accountability, and outcome-orientation. · Work closely with HR to redefine KRAs aligned with unit profitability and individual impact. · Create a “business-unit CEO”/Intrapreneurial culture for each location/function. Governance & Collaboration with Directors · Act as the Execution Anchor to support the Directors' vision. · Provide structured monthly updates with operational KPIs, turnaround progress, and financial impact. · Build trust and transparency with the leadership team through data-backed decisions and visible change. Compliance, Safety & ESG · Ensure all active units meet regulatory, labor, and environmental standards. · Prioritize safety and ESG compliance in retained facilities. · Support green certifications and circularity programs in Processing and Garments segments. Success Indicators (1–6 months): Within the first 1–6 months, the role is expected to drive a complete strategic exit or cost-minimized operations in Spinning, Weaving, and Knitting units, alongside achieving a 30% quarter-on-quarter reduction in fixed costs . Simultaneously, Garments and Processing units should deliver a minimum EBITDA margin of 15% , while working capital days are reduced by 20% . The incumbent must ensure 100% compliance in monthly reporting by the 5th of each month , and deliver 25–30% manpower cost optimization by Month 3 , while retaining critical talent. Who Will Be the Right Fit We are looking for a dynamic, hands-on operations leader with a strong engineering background and a proven track record in the textile industry . The ideal candidate will have 15+ years of experience , including at least the last 4–5 years in a senior role within textiles , with P&L ownership and a solid grip on multi-location operational management . They should be energetic, factory-focused, and ready to travel or be based on-site as needed. Fluency in Tamil is essential for effective team coordination. A strong command over data analysis, number-driven decision-making, and proficiency in MS Office tools is critical. Candidates must bring a blend of strategic insight and operational execution capability.
Position Overview We are seeking a highly motivated and skilled Manager - Accounts to join our dynamic team in Chennai. This is an exciting opportunity for individuals who are passionate about finance and accounting, and who thrive in a fast-paced environment. The ideal candidate will possess a strong background in chartered accountancy and will be responsible for overseeing various financial operations within the organization. With an annual salary of 16,00,000 , this full-time position offers a chance to make a significant impact on our financial strategies and contribute to the overall success of the company. Key Responsibilities Manage and oversee the accounting department, ensuring compliance with all financial regulations and standards. Prepare and present accurate financial reports, including balance sheets, income statements, and cash flow statements. Conduct financial forecasting and budgeting to support strategic planning and decision-making. Ensure tax compliance and manage all tax-related matters, including filing and reporting. Develop and implement financial planning strategies to optimize the companys financial performance. Monitor and analyze financial performance metrics, providing insights and recommendations for improvement. Collaborate with cross-functional teams to support business initiatives and drive financial efficiency. Maintain and enhance the management information system (MIS) to ensure accurate and timely reporting. Qualifications The successful candidate will possess the following qualifications: A degree in Accounting, Finance, or a related field; a Chartered Accountancy qualification is highly preferred. 1 to 3 years of relevant work experience in accounting or finance roles. Strong knowledge of financial regulations, tax compliance, and accounting principles. Proficiency in financial planning, budgeting, and forecasting techniques. Excellent analytical skills with a keen attention to detail. Strong communication and interpersonal skills, with the ability to work collaboratively in a team environment. Proficient in accounting software and Microsoft Office Suite, particularly Excel. This position is a day job and requires on-site work in Chennai. We are looking for a dedicated professional who is eager to take on new challenges and grow within our organization. If you meet the qualifications and are excited about the opportunity to contribute to our financial success, we encourage you to apply. Join us and be a part of a team that values innovation, integrity, and excellence in financial management! This job is provided by Shine.com
Company Description Loyal Textile Mills Ltd is a vertically integrated textile manufacturing company with advanced facilities from ginning to garment production. With over seven decades of excellence, the company has achieved significant milestones, including being recognized as a Star Trading House by the Government of India. Loyal exports to more than 40 countries worldwide and has established a strong reputation for quality. The company holds prestigious certifications like OEKO TEX, GOTS, and ISO, and operates an in-house R&D facility approved by the Government of India. Loyal prides itself on its innovation and commitment, serving satisfied customers globally across the USA, Europe, Asia, and other regions. Role Description This is a full-time, on-site role for an Assistant General Manager in Textile Processing for Technical Fabrics, based in Cuddalore, a coastal city in TN 3 hours away from Chennai Airport and less than 1 hour drive from Pondicherry. The role involves overseeing textile processing operations, ensuring quality standards are met, supervising teams, and managing production schedules. The candidate also may be responsible for client interactions, data analysis for process optimization, and maintaining compliance with industry certifications. Close collaboration with internal teams to meet organizational goals is a key aspect of the role. Qualifications Strong analytical skills to evaluate production data, optimize processes, and solve technical challenges Excellent communication skills with the ability to effectively collaborate with teams and stakeholders Proficiency in customer service to manage client interactions and satisfaction Basic understanding or experience in finance and underwriting for cost management and compliance Leadership ability to manage teams and projects effectively Educational background in textile engineering, manufacturing, or a related field is highly desirable Previous experience in textile processing or technical fabrics is advantageous Technical Experience · Should have good experience (15 – 20 Years) in processing industry in continuous Bleaching, dyeing and finishing. · Should have core and vast experience in dyeing Manager position in reputed organisation with minimum 10 years’ experience. · Should have good knowledge and experience in processing various fabric – Cotton & Cotton Blends, Lycra, Polyester, Polyester blends, Viscose, Modal, Linen, Meta aramid and modacrylic fabrics. · Should have experience in processing from low GSM to Higher GSM (50 to 400 GSM) and selecting right process route for bleaching, dyeing and finishes with different recipes and different process sequence according to fabric and meet customer quality requirements. · Should have good knowledge and experience in various dyeing process like CPB, Thermosol, Vat, Fluorescent dyeing, Cationic dyeing is preferred. · Should have experience in various quality testing methods and standards of ISO, American and European standards. · Should have experience in complete follow up end to end for each executing each order. Operational Experience: · Plan for production with available product mix to ensure maximum production with quality standards and timely delivery to customers. Monitor the gap between plan Vs actual on daily basis and reduce the gap. · Ensure production capacity is filled and avoid stoppage of machines due to want of orders, and to maintain monthly turnover for the plant · Monitor the availability of raw materials for continuous operation without stoppage. · Monitor the inventory and control through PPC on daily basis. · Monitor daily operation cost related to fuel, water, steam, utilities, dyes and chemical consumption, and control wherever possible for energy conservation. · Experience in monitoring day to day operations, identifying deviations, making appropriate decisions wherever possible and putting things back on track. · Conduct production and quality meetings with team, discuss and lead them to meet the production target, quality and any deviation resolve with daily, weekly and monthly meetings for continuous improvement. · Ensure the SOPs in place is followed in all departments. · Have experience in conducting quality circles to improve quality and cost savings. · Coordinate with lab team and ensure quality of raw materials purchased. · Monitor and ensure the fabric realization according to the fabric type · Have experience in monitoring the order completion status of each order and ensure order to order reconciliation and stock accountability. Process Handling experience 1) E-Control 2) Pad dry pad steam (Vat dyeing) 3) Pad dry steam 4) Cold Pad Batch 5) Pad dry CPB 6) Exhaust (Jigger and soft flow) 7) Thermosol dyeing 8) Cationic dying- Preferable 9) Pigment dying. Should have sound knowledge in all type of chemical and Mechanical finishes.