Ajay Agarwal

Part of Reliance Industries Ltd., Shubhalakshmi Polyesters Ltd. is a company based in Surat, India. Shubhalakshmi Polyesters Ltd. was founded in 1989 by Ajay Agarwal and Ramu Raman Agarwal. Shubhalakshmi Polyesters specializes in the production and delivery of various polyester products such as draw textured yarn, fully drawn yarn, polyster staple fibre, mono yarn, twisting yarn, dyeing yarn, air textured yarn, partially oriented yarn, and pet chips. The Indian company is certified by ISO 9001-2015 and Oeko-Tex for maintaining international quality standards. With a dedicated workforce and modern technology, they are able to customize their products according to customer needs. The company's average daily production is around 950 tons and their products are exported to the USA and the Far East. Shubhalakshmi Polyesters was acquired by Reliance Petroleum Retail Ltd. on March 08, 2023 for $190.92 million.