Mafatlal Steps Onto the Global Fashion Stage

Mafatlal Industries has officially entered the global garment and apparel export market with the incorporation of its new subsidiary, Mafatlal Apparel Exports. The move aligns with Mafatlal’s strategic focus on diversification and international expansion, with the company holding a 51% equity stake in the venture.

The subsidiary is being launched in partnership with Sagar Birnale, an industry veteran with over two decades of experience in sourcing, manufacturing, and fashion retail. The entity will have a paid-up capital of ₹2.50 crore, with Mafatlal contributing ₹0.51 crore in the initial tranche of ₹1 crore, reflecting a phased investment approach.

Mafatlal Apparel Exports will operate as a garment buying house, focused on sourcing and supplying fashion and casual wear to prominent multinational retailers and buying houses across the globe. The venture leverages Mafatlal’s strong legacy and infrastructure along with Mr. Birnale’s deep domain expertise to establish a modern, design-driven, export-oriented business.

News by Rahul Yelligetti.