- Business
- Globe Enterprises (India) Limited Globe Enterprises (India) Limited (GLOBE.NS), formerly Globe Textiles (India) Limited, manufactures and trades textile and apparel products in India. The company offers a comprehensive range of items including denim and non-denim fabrics; shirting fabrics such as printed linens, suiting prints, and dyed shirting fabrics; printed fabrics comprising polyester print fabric, chadri voile, and cotton prints; jeans, shorts, jackets, shirts, t-shirts, and children wear for men, women, and children; home textiles like bedsheets, fitted sheets, flat sheets, curtains, table linen, and kitchen linen; polyester voile dyed fabrics and scarves; polyester printed stitched lungi or sarongs; yarns; fancy fabrics; cotton printed fabrics; and readymade garments. Incorporated in 1995 and headquartered in Ahmedabad, Gujarat, Globe Enterprises (India) Limited operates one manufacturing unit in a Special Economic Zone (SEZ), sources raw materials globally, and serves domestic and international markets as a STAR Exporter certified by industry associations including the Apparel Export Promotion Council, Synthetic & Rayon Textiles Export Promotion Council, and Cotton Textiles Export Promotion Council. The company caters to fashion brands with sustainable practices, including natural dyes via its subsidiary Globe Denwash Private Limited, and maintains expansive infrastructure for processing units, research and development, and customer-focused operations across fiber-to-fashion segments. In recent developments, the company changed its name from Globe Textiles (India) Limited to Globe Enterprises (India) Limited effective October 13, 2025, following shareholder approval at the 30th Annual General Meeting on September 26, 2025. Promoter Bhavik Suryakant Parikh acquired an additional 45,00,000 equity shares worth Rs 1.2856 crore on November 12, 2025, and further purchased 24,00,000 shares on September 25, 2025, increasing his stake to 6.89 percent amid promoter loan-to-equity conversions. The board approved the sale of its underperforming printing plant and machinery to Maruti Textiles in Ahmedabad for Rs 90.48 lakh as part of operational restructuring, plans to open a virtual branch office in Mumbai to expand presence in Maharashtra, and a draft scheme for demerging its online business including brands Indigenx and Orijean into a new entity.