- Business
- Gokaldas Exports Limited Gokaldas Exports Ltd (GOKEX.BO) manufactures and exports a broad range of apparel products, including outerwear, activewear, fashionwear, bottomwear, casualwear, sportswear, high-fashion garments, knitwear, and denim; it provides value-added services such as embroidery, printing, quilting, polywadding, laundry, laser finishing, and denim processing through end-to-end garment manufacturing, design proficiency, product development, and accredited testing capabilities. The company operates over 35 manufacturing units primarily in India, with additional facilities across subsidiaries in Kenya and Ethiopia following recent acquisitions, producing more than 90 million garments annually for leading global fashion brands and retailers; it exports to over 50 countries, with key markets in the United States, Europe, the United Kingdom, Canada, and others. Founded in 1979 and headquartered in Bengaluru, India, Gokaldas Exports employs over 53,000 people, with approximately 80% female workforce, and maintains a vertically integrated model focused on sustainability, EHS compliance, and complex value-added garments.
In recent developments, the company completed the acquisition of Dubai-based Atraco Group for around $55 million (₹445 crores equity value) in 2024, adding five manufacturing units in Kenya and Ethiopia with capacity for 40 million garments annually and strengthening access to US and European markets; it also acquired Matrix Clothing Private Limited (MCPL), later referred to as Matrix Designs, for ₹489 crores, incorporating five facilities specializing in high-quality embellished knitwear for brands in Europe, the UK, and North America. FY25 represents the first full year of consolidation post these acquisitions, driving consolidated revenue to ₹3,917 crores amid 80% year-on-year growth in Q1 FY25. Gokaldas further invests up to ₹350 crores in BRFL Textiles Private Limited (BTPL) via optionally convertible debentures, targeting vertical integration in fabric processing by mid-2025 with potential merger; it commissioned Phase I of a new Bhopal sewing factory (3 million pieces capacity) and advances knits processing in Perundurai, Tamil Nadu. Subsidiaries include All Colour Garments Private Limited, SNS Clothing Private Limited, Vignesh Apparels Private Limited, Gokaldas Exports Acharpura Private Limited, and Sri Susamyuta Knits Private Limited.