- Business
- Faze Three Limited Faze Three Ltd manufactures and exports home textiles, automotive fabrics, and outdoor textile products from its headquarters in Mumbai, India, where it was founded in 1985; the company operates eight manufacturing facilities across Dadra and Nagar Haveli, Vapi in Gujarat, Aurangabad in Maharashtra, and Panipat in Haryana, serving major retailers including Walmart, Costco, Target, and Sainsbury's in over 26 countries with primary markets in the United States, United Kingdom, Europe, Canada, and Australia. Its core offerings encompass bathmats, bath rugs, blankets, throws, cushions, durries, carpets, chairpads, bed spreads, patio mats, kitchen textiles such as aprons, mittens, pot holders, placemats, and towels, automotive seat covers and fabrics, waterproof dog beds, pet collars, outdoor furniture covers, awning fabrics, canopies, lounge cushions, and fade-resistant water-repellent cushions; the company also provides advanced processing through in-house internationally certified units and operates subsidiaries Faze Three USA LLC for U.S. market testing and Mats and More Private Limited for patio mats manufacturing. Recent developments include over Rs 250-277 crore in capex since FY19 funded by internal accruals for capacity expansions, automation, de-bottlenecking, and new product lines such as bathmats, with ongoing Handloom Home Textiles division growth at Panipat targeting 3x capacity, geographic diversification into Canada and Australia, and sustained revenue growth of around 13-40% YoY through new customer additions and product category expansions as of FY25 and Q1-Q2 FY26.