Corporates

Gokaldas Exports Announces Strategic Investment In BRFL Textiles

Textile Insights June 20, 2024

Gokaldas Exports has announced a strategic investment in BRFL Textiles Pvt. Ltd. (BTPL), one of India’s largest fabric processing companies. Gokaldas Exports will invest in BTPL through Optionally Convertible Debentures (OCDs). In the first tranche, Gokaldas Exports will subscribe for ₹50

Corporates

Gokaldas Exports Expands Overseas Through Subsidiaries

Textile Insights January 7, 2024

Gokaldas Exports FZCO, Dubai, has successfully acquired 100% of the shares of Amibros S.A. from Solaris – II Investments Group Limited, inclusive of Atraco Industrial Enterprise, the branch of Amibros S.A. The company has also acquired 100% of the shares of Atraco Logistics Co LLC, including its branch. Nava Apparels L.L.C-FZ, Dubai, has effectively acquired […]

Financial Results

Gokaldas Exports Q2 Revenues Fall, Expects Recovery In H2

Textile Insights November 5, 2023

Gokaldas Exports has released its financial results for the quarter ending on September 30. The company reported consolidated revenue of Rs 509 crore for the quarter, a decline from Rs 576.3 crore in the same quarter last year. Additionally, the consolidated profit before tax for this quarter was Rs 29.3 crore, down from Rs 49 […]

Industry

Gokaldas Exports Acquires UAE Based Garment Producer Atraco

Textile Insights August 31, 2023

One of India’s biggest garment exporters, Gokaldas Exports will acquire UAE based apparel manufacturer Atraco, through one of its subsidiaries for US $55 million (around Rs 455 crore). Atraco, which is headquartered in Dubai manages four clothing manufacturing factories in Kenya and one in Ethiopia and manufactures around 40 million garments per year “The $55 […]

Export

Gokaldas Exports Forecasts Slow Global Garment Demand

Textile Insights August 19, 2023

One of India’s biggest garment exporters, Gokaldas Exports has forecast that because the global economy remains weak, demand for clothing too will remain slow in the first half of fiscal 2024. “We are however optimistic about the revival of the business in the second half of fiscal 2024 and are bullish on the long-term prospects […]

Corporates

Gokaldas Exports Welcomes Pranjal Jyoti Goswami As Chief Sustainability Officer

Textile Insights July 29, 2023

Gokaldas Exports Limited, a leading player in the apparel industry, has appointed Pranjal Jyoti Goswami as their new Chief Sustainability Officer. With close to two decades of experience in Sustainability, ESG, and CSR Management, Goswami is poised to spearhead sustainability and ESG initiatives for the company. Goswami brings a wealth of knowledge and expertise to […]