About Globe Textiles (India) Limited

Globe Textiles (India) Limited is an integrated textiles trading and manufacturing company offering a wide range of products, including denim and non-denim fabrics, shirting fabrics, printed fabrics, home textiles, and ready-to-wear apparel for men, women, and children. Its in-house brands include AFFORD and INDIGEN for men’s jeans and INDIGIRL for women’s denim, with denim jackets introduced during FY 2024–25, marking the company’s entry into seasonal outerwear.

The company combines a state-of-the-art design studio with advanced manufacturing infrastructure that meets both national and international standards, serving domestic and global markets through partnerships with organised retail brands and leading international labels.

Exports form a notable part of Globe Textiles’ income mix, contributing 6.41% of total revenue in FY 2024–25, with the remainder derived from domestic sales. FY 2024–25 marked the company’s 30th Annual Report cycle, a year characterised by record revenue, consistent profitability, and continued focus on innovation and product diversification.

The company’s current legal name dates back to March 22, 2017, when it transitioned from Globe Textiles (India) Private Limited to Globe Textiles (India) Limited. Its registered office is located at Plot No. 38 to 41, Ahmedabad Apparel Park, GIDC Khokhra, Ahmedabad, Gujarat – 380008.

Subsidiary Information
As on March 31, 2025, Globe Textiles has one subsidiary. The company initially acquired a 70% stake in April 2024 and completed the acquisition of the remaining 30% in March 2025, thereby making the entity a wholly owned subsidiary. This garment-processing unit enhances the company’s washing and finishing capabilities and is Zero Liquid Discharge (ZLD) accredited by ATIRA and ZDHC-certified, aligning with global sustainability standards.

Product Portfolio Highlights

• Fabrics: Denim and non-denim fabrics in varied finishes and weights for both fashion and utility use.
• Shirting: Printed linens, dyed shirting, and suiting prints developed through an in-house design studio.
• Printed fabrics: Polyester prints, Chadri Voile, and cotton prints catering to diverse apparel categories.
• Home textiles: Bedding, table linen, towels, and decorative textile products.
• Ready-to-wear apparel: Men’s jeans (AFFORD, INDIGEN), women’s denim (INDIGIRL), and denim jackets.

The company’s products are available across leading Indian retail chains, including Westside and Pantaloons, and are also exported to international brands.

Business Segments

• Domestic contribution: 93.59% of total income (FY 2024–25).
• Export contribution: 6.41% of total income (FY 2024–25).

Key Management

• Bhavik Suryakant Parikh – Chairman & Managing Director
• Nilaybhai Jagdishbhai Vora – Whole-Time Director
• Bhavin Suryakant Parikh – Chief Executive Officer & Chief Financial Officer
• Monali Maheshwari – Company Secretary & Compliance Officer (appointed November 22, 2024)
• Purvi Bhavin Parikh – Non-Executive Director
• Yogesh Kanhiyalal Vaidya – Independent Director
• Rajatkumar Dineshbhai Patel – Independent Director

Latest Updates on Globe Textiles (India) Limited

• Strategic acquisition completed: The company acquired 100% ownership of a garment-processing unit (70% stake in April 2024; 30% in March 2025), enhancing sustainable production capacity with ZLD and ZDHC certifications.
• Capital raising: Globe Textiles raised Rs 4,504.19 lakh through a rights issue, allotting 15,01,39,596 equity shares on February 13, 2025. The paid-up share capital stood at Rs 9,008.38 lakh as of March 31, 2025.
• Corporate actions: The authorised share capital was increased at the AGM held on September 30, 2024, paving the way for future capital expansion. The Board reaffirmed strict adherence to corporate governance norms and the company’s code of conduct.
• Product & market expansion: New launches under INDIGIRL (women’s denim) and introduction of denim jackets; sustained supply to major domestic retailers and global brands reinforced the company’s strong B2B and B2C presence.

Operational achievements: The company reported its highest-ever annual revenue and third consecutive year of profit growth, driven by disciplined operations, strong retail relationships, and ongoing product development.