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
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 […]
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 […]
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 […]
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 […]
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 […]