SURESH KRISHNAN: Business

KARUR BUSINESS

Agriculture

Utilization of land area in Karur district is up to 44.59%. 4.76% of the land area remains as other uncultivated land. 2.74% is forest area in Karur district. Black soil is the predominant soil type in this district accounting for 35.51% followed by laterite soil for 23.85%. The remaining 20.31% is sandy, coastal and alluvium soil. The main crops are paddy, banana, sugarcane, battle leaf, grams & pulses,tapioca, kora grass, groundnuts, oilseeds, tropical vegetables, garland flowers, and medicinal herbs.

Home textiles

Karur is famous for its home textiles. Karur has a niche in five major product groups — bed linens, kitchen linens, toilet linens, table linens and wall hangings. Overall Karur generates around Rs.6000 crores in foreign exchange through direct and indirect exports.[citation needed] Allied industries like ginning andspinning mills, dyeing factories, weaving etc., employs around 300,000 people in and around Karur.

On the international textile map, Karur has become synonymous with hand-loommade-ups first as Tirupur in the hosiery product. The weaving industry came to Karur from Kerala and has earned a reputation for its high quality hand-loom products today. Hand-loom Exports from Karur began on a modest scale with just 15 exporters in 1975 and today Karur has 1000s of exporters and the products are supplied to world leading chain stores like WalMart, Target, IKEA, Ahlens etc.

The hand-loom products being exported have been broadly classified under three heads viz., kitchen, bathroom and bedroom furnishing items. Some of the hand-loom made-ups exported from Karur are Bedspreads,Sheet sets, Towels, Floorrugs, Tea towels, Napkins, Aprons, Kitchen towels, Pot holders, Plate mats,Bathmats, Tea mats, Curtains, Pillow, Quilt covers, Shower curtains.

Paper

TNPL is promoted by the Government of Tamil Nadu with loan assistance from the World Bank. Today TNPL is the largest producer of bagasse based paper in the world and the 2nd largest paper producer in Asia. TNPL produces 230,000 tons of Printing & writing paper and consumes 1 million tones of bagasse every year.

Bus body building

Karur is a renowned center for bus building industries. This is a unique feature of Karur and almost 90% of south Indian private bus bodies are being built here. The total business is estimated to be around Rs.750 crore per Annam.

Cement

Karur is also home to Chettinad Cements. It has an installed production capacity of 600,000 tons per annum, with another 1.1 million tons expansion in the pipeline.

Sugar

EID Parry has a sugar factory in Pugalur, Karur. It has a capacity of 4000 TCD per year. It also has a 22 MW co-generation Power plant, with TNPL.

Banking

Karur is the home town of India's oldest private scheduled banks, The Karur Vysya Bank and The Lakshmi Vilas Bank.

Nylon nets

HDPE filament and associated product manufacturing. Its mainly for the fruit fields of Himalayas. Above 50% of nylon net in India is made here only.

Gem stones

The Karur belt also produces some very good Cats eyes, Feldspar, Moonstones,Aquamarines, Sapphires, Jasper and beryl.

Karur is the home town of India's oldest private scheduled banks, The Karur Vysya Bank and The Lakshmi Vilas Bank.

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1800 102 1916

The Karur Vysya Bank Limited commonly known as KVB was set up by Late Shri M.A. Venkatarama Chettiar and the Late Shri Athi Krishna Chettiar, the two great visionaries in 1916 in Karur, a textile town in the Tamil Nadu state of India. This bank was formed as a simple financial unit in order to provide aid and financial assistance to the traders and small agriculturists in and around Karur. The Bank began with a mere capital of Rs. 1 lakh, with time it has emerged as one of the leading private sector banks in India.

Karur Vysya Bank: Branches and Business

The Karur Vysya Bank is professionally managed by a by the Board of Directors, who are visionaries from different fields. The aim of the bank is to please their customers continually with providing a perfect blend of tradition and technology along with innovative facilities and best service at affordable rates. With a very effective management and efficient work force, within its 93 years of existence the bank has spread to numerous parts of the country. Started with a regional flavor, the bank has spread throughout the length and breath of the country with over 285 branches in 13 States and 2 Union Territories.

The Karur Vysya Bank recorded a 33.77% growth in total business during fiscal 2007-08. The total business of the bank at the end of financial year 2007-2008 was Rs. 22118.83. The Karur Vysya Bank is also said to be the earliest bank in India to adhere by CAR (Capital Adequacy Ratio) predetermined by RBI. Even today, the bank maintains over 16% Capital Adequacy Ratio against the mandatory norm of 9% stipulated by the RBI. This strict adherence to a standard Capital Adequacy Ratio will certainly take care of future asset growth of the bank.

Karur Vysya Bank: Facilities and Customer service

Karur Vyasya Bank provides customers with numerous facilities right from personal banking to corporate banking, insurance and foreign outward remittance. As a part of personal banking facilities you get savings account, personalized loans, debit cards, deposits, life insurance, general insurance, mobile top ups, farmer's green card, freedom saving accounts, students saving account. As a part of corporate banking, you get to enjoy facilities like current account, lending and financing along with multi-city account. The bank also offers its customers other facilities like Locker facility and VISA Debit Card. The Karur Vyasya Bank provides you with 24x7 retail as well as corapate Internet Banking Solutions.

Regd. & Head Office

Karur Vysya Bank

Erode Road,

Karur - 639002

Tamil Nadu - India

Phone: 226520, 225521 / 25

Fax: 225700

Email: kvbshares@kvbmail.com

URL: www.kvb.co.in