Chairman Arvind Lalbhai is fast losing control of his flagship company, Arvind Mills Ltd. Arvind Mills is one of India's most respected textile companies, currently the top manufacturer of denim, with fabric exports to GAP, Lewis, and Vantage. In a major victory, the company's creditors hammered out a compromise with Arvind Lalbhai, where the creditors will be able to influence the appointment of eight directors on the board including the chairman and the finance director. Mr Lalbhai will keep the remaining four directorships including the MD.