Mafatlal Industries has incorporated its new subsidiary, Mafatlal Apparel Exports (Subsidiary), in which Mafatlal holds a 51% equity stake. This strategic move marks the company’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 Sagar Birnale, a seasoned professional, who brings over two decades of hands-on experience in sourcing, manufacturing, and fashion retail.

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

In line with the company’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.

Mafatlal Industries is engaged in manufacture of textiles and textile chemicals.