Mafatlal Industries Enters Global Apparel Export Market With New Subsidiary
Mafatlal Industries Limited, a longstanding leader in India’s textile industry, has incorporated a new subsidiary, Mafatlal Apparel Exports Private Limited, marking its formal entry into the global garment and apparel export market. Mafatlal will hold a 51% equity stake in the venture.
This strategic initiative aligns with Mafatlal’s broader diversification and international growth agenda. The subsidiary is being established in partnership with Sagar Birnale, a seasoned industry expert with over two decades of experience in sourcing, manufacturing, and fashion retail. Birnale, who has worked with several leading global brands, will hold a 49% stake and bring deep operational expertise to the collaboration.
With a paid-up capital of Rs 2.50 crore, the investment will be made in two phases. Phase 1 includes an initial investment of Rs 1.00 crore, of which Mafatlal will contribute Rs 0.51 crore. The remaining capital will be infused in Phase 2.
The new subsidiary will operate as a garment buying house, specializing in sourcing and delivering high-quality fashion and casual wear to multinational retailers and global apparel brands. Backed by Mafatlal’s strong legacy of trust, infrastructure, and financial stability, the venture aims to provide agile, design-led solutions tailored for international markets. The collaboration is expected to offer global buyers a responsive and reliable sourcing platform from India.
Commenting on the development, M.B. Raghunath, CEO of Mafatlal Industries said, “This strategic step comes at an opportune time. As India strengthens its trade ties and global brands diversify sourcing under ‘China Plus One’ strategies, this venture positions us to tap emerging export opportunities and further our diversification journey.”
Sagar Birnale, Director of Mafatlal Apparel Exports Pvt. Ltd. added, “This partnership offers an exciting opportunity to build a globally relevant sourcing platform from India. Our aim is to combine design agility with operational responsiveness to serve international clients effectively.”
