Gokuldas Exports’ consolidated revenue rises to Rs 2,409 crore in FY24

With consolidated revenues rising to Rs. 2,409 crore in FY24 from Rs. 2,247 crore in the previous year, Gokaldas Exports is strengthening its global footprint in the apparel industry. The growth reflects the company’s dedication to enhancing production capabilities and market reach through strategic investments and acquisitions.

The company recently launched Phase I of a new sewing factory in Bhopal, Madhya Pradesh, with an annual capacity of 3 million pieces. Expected to complete next year, the Phase IIof this project, will double this capacity. Additionally, Gokaldas has also commissioned a new knits processing facility in Perundurai, Tamil Nadu.

Gokaldas has also acquired Atraco and Matrix Clothing (MCPL) for a combined investment of Rs. 934 croreto further strengthen its market position and diversify its product offerings.. These acquisitions will provide the company access to high-value knitwear, new customer bases, and cost-effective production locations.

SivaramakrishnanGanapathi, Vice Chairman and Managing Director, states, the acquisitions will provide a solid foundation for margin growth. Atraco and Matrix will complement the company’s existing business and enhance productivity through geographic diversification, new customer access, and strategic positioning.”

Founded in 1979, Gokaldas Exports has evolved into a comprehensive solution provider for some of the world’s leading apparel brands. With an annual turnover of $290 million in FY24, the company is one of India’s largest apparel manufacturers and exporters, supplying products to over 50 countries.

Following the acquisitions, Gokaldas Exports now operates over 30 production units with more than 30,000 advanced machines, capable of producing around 87 million garments annually. The company employs over 51,000 people, driven by a vision of becoming a globally reputed apparel manufacturer focused on innovation and sustainability.