The textile industry in India significantly contributes to the country's economic growth and provides employment opportunities for both rural and urban people. However, workers in the industry face various health hazards, including exposure to cotton dust, chemicals, excessive noise, and ergonomic issues. This study aims to evaluate the health hazards present in a textile company using the Tri-Risk Matrix, an integrated approach that combines AHP (Analytic Hierarchy Process), FMEA (Failure Mode and Effects Analysis), and FTA (Fault Tree Analysis) to identify, assess, and mitigate health risks. The Tri-risk matrix utilizes AHP to assess the potential failure modes associated with these hazards, FMEA to prioritize health hazards based on their significance, and FTA to identify their root causes. This integrated approach offers a comprehensive framework for managing health risks in textile manufacturing. This work has been performed in one of the leading textile industries in southern Tamil Nadu, India. As a result, the implementation of this approach has led to a reduction in health-related incidents, improvement in safety protocols, enhanced worker well-being, and a significant increase in overall workplace safety.