STOCKWATCH

Mafatlal Industries Ltd. Forays into Fashion Exports with a New Subsidiary

Mafatlal Industries Limited, a legacy leader in the Indian textile industry, has incorporated a new subsidiary, Mafatlal Apparel Exports Private Limited, marking its formal entry into the global garment and apparel export market. This strategic move is a part of Mafatlal's commitment to diversification and international expansion. The subsidiary, with a paid-up capital of Rs. 2.50 crores, will operate as a Garment Buying House, dedicated to sourcing and delivering high-quality apparel to leading multinational brands. The venture is expected to contribute meaningfully to Mafatlal’s long-term diversification strategy, leveraging India's deepening trade engagements with key international markets and the acceleration of 'China Plus One' strategies.

• Mafatlal Industries Limited has incorporated a new subsidiary, Mafatlal Apparel Exports Private Limited.
• The new subsidiary will operate as a Garment Buying House, focusing on fashion and casual wear for international clients.
• The venture is a strategic move towards Mafatlal's diversification and international expansion strategy.
• The subsidiary is formed in collaboration with Mr. Sagar Birnale, a seasoned professional with over two decades of experience in the industry.
• The subsidiary will have a paid-up capital of Rs. 2.50 crores, with Mafatlal Industries Limited holding a 51% stake.