About Gokaldas Exports Limited

Gokaldas Exports Limited is an apparel manufacturer and exporter incorporated in 2004, headquartered at No. 25, Second Cross, Third Main, Industrial Suburb, Yeshwanthpur, Bengaluru 560 022. The company designs and manufactures readymade garments across fashion wear, outerwear, and sportswear for men, women, and kids, serving global retailers, wholesalers, and brands primarily in the USA and Europe. Exports contribute 87% of total turnover. As on March 31, 2025, it operates 26 plants and 2 offices in India and 5 plants with 3 offices internationally, serving about 50 countries. The workforce included 32,507 permanent employees as of March 31, 2025. The Group’s Indian plant locations include Karnataka, Tamil Nadu, Haryana, Madhya Pradesh, and Jharkhand, and it also operates 4 factories in Kenya and 1 in Ethiopia. Credit ratings for FY 2024-25 include CRISIL A/Stable (long-term) and CRISIL A1 (short-term), and ICRA A/Stable (long-term) and ICRA A1 (short-term).

The consolidated structure includes wholly owned subsidiaries and step-down subsidiaries: All Colour Garments Pvt. Ltd., SNS Clothing Pvt. Ltd., Vignesh Apparels Pvt. Ltd., Gokaldasexports Acharpura Pvt. Ltd., Sri Susamyuta Knits Pvt. Ltd., Gokaldas Exports FZCO, Gokaldas Exports Corporation, Nava Apparels LLC-FZ, Matrix Design Industries Pvt. Ltd., and step-down subsidiaries Amibros S.A., Atraco Logistics Co. LLC (Dubai), Ashton Apparel Manufacturing PLC (Ethiopia), and Ashton Mombasa Apparel EPZ Ltd.

During FY 2024-25, the Board comprised 6 directors (4 non-executive, 3 independent; including two women independent directors) with Mr. Mathew Cyriac as Non-Executive Chairman and Mr. Sivaramakrishnan Ganapathi as Vice Chairman & Managing Director. Board meetings were held on May 26, 2024; June 19, 2024; August 07, 2024; November 12, 2024; November 29, 2024; and February 07, 2025. The company confirmed compliance with SEBI Listing Regulations and received an external Corporate Governance compliance certificate for the year ended March 31, 2025.

Gokaldas Exports Limited Business Segment

• Core activity: Apparel and clothing accounts for 100% of turnover by activity classification (NIC 14101). Customers are global fashion retailers/brands procuring multi-season garments across categories. Exports constitute 87% of total turnover.

Domestic vs. international revenue split (Standalone FY 2024-25; rounded, using disclosed export share)

• India — Rs 321,97 crore (13.0%) [calculated from revenue from operations Rs 2,476.69 crore; export share 87%; domestic assumed balance]

• International — Rs 2,154.72 crore (87.0%)

Notes:

• Revenue from operations (standalone) FY 2024-25: Rs 2,476.69 crore. Export contribution to total turnover is disclosed at 87% in the BRSR; this has been applied to the year’s revenue to present the domestic vs. international split. No further segment/vertical percentage breakdown is disclosed.
  

Gokaldas Exports Limited Key Management

• Mathew Cyriac — Chairman, Non-Executive, Non-Independent Director

• Sivaramakrishnan Ganapathi — Vice Chairman & Managing Director

• Prabhat Kumar Singh — Executive Director, Whole-Time Director

• Sathyamurthy A — Chief Financial Officer

• Gourish Hegde — Company Secretary

Latest Updates on Gokaldas Exports Limited

• Board changes: Resignation of Independent Director Mr. Shivanandan Ashok Dalvie effective July 08, 2024; resignation of Executive Director Mr. Poorana Seenivasan Sundararajan effective September 30, 2024.

• Capital actions: Preferential allotment of shares completed in FY 2024-25 in compliance with Sections 42 and 62; equity shares increased to 7,14,66,461 as at March 31, 2025.

• Governance certifications: Corporate Governance compliance certificate and Managing Director/CFO certification for FY 2024-25; no auditor resignation and no defaults reported.

• Operations and market: Confirmation that exports form 87% of turnover and markets span ~50 countries, with customers primarily in the USA and Europe.

• Capacity/footprint: Continued operations across 26 plants in India and 5 internationally; note on 4 factories in Kenya and 1 in Ethiopia.

• CSR: CSR obligation of Rs 3.49 crore for FY 2024-25 fully spent; CSR Committee comprised of Sivaramakrishnan Ganapathi (Chair), Mathew Cyriac, and Rama Bijapurkar.