Mafatlal Industries Limited Forays into Fashion Exports with a New Subsidiary

Mafatlal Industries Limited ("Mafatlal") (BSE: 500264), a legacy leader in the Indian textile industry, has incorporated its new subsidiary, Mafatlal Apparel Exports Private Limited ("Subsidiary"), in which Mafatlal holds a 51% equity stake. This strategic move marks Mafatlal's formal entry into the global garment and apparel export market, reinforcing its commitment to diversification and international expansion.

This newly formed subsidiary is being incorporated in collaboration with Mr. Sagar Birnale, a seasoned professional, who brings over two decades of hands-on experience in sourcing, manufacturing, and fashion retail. Having worked with various marquee brands, Mr. Birnale offers deep operational insight and understanding of the evolving expectation of global buyers.

The subsidiary will have a paid up capital of Rs. 2.50 crores, with Mafatlal Industries Limited holding a 51% stake and Mr. Birnale holding the remaining 49% stake. This investment will be executed in a phased manner. In phase 1, Mafatlal will invest Rs. 0.51 crores out of the initial investment of Rs. 1.00 crore. The remaining investment will take place in the second phase.

In line with Mafatlal's growth strategy, this subsidiary will operate as a Garment Buying House, dedicated for sourcing and delivering high quality apparel to leading multinational brands. The subsidiary will focus on fashion and casual wear, catering to international clients, including leading global retailers and buying houses across the globe.

With Mafatlal's legacy of trust, infrastructure, and financial strength, the venture presents a timely extension of its capabilities. Coupled with Mr. Birnale's experience, the partnership aims to build a modern, high-quality export house rooted in design-led innovation and operational excellence.

On this development, Mr. M.B. Raghunath, CEO of Mafatlal Industries, said, "This strategic step comes at an opportunistic time. With India deepening its trade engagements with key international markets and continuous acceleration of 'China Plus One' strategies, through this subsidiary we will be able to tap into emerging export opportunities and contribute meaningfully to Mafatlal's long-term diversification strategy."

Mr. Sagar Birnale, Director at Mafatlal Apparel Exports Private Limited, said, "This collaboration presents an exciting opportunity to create a globally relevant sourcing platform out of India. Our vision is to blend contemporary product thinking and agility to global brands seeking reliable and responsive partners."

Source : Equity Bulls

Keywords

MafatlalIndustries Subsidiary MafatlalApparelExports FashionExports