About Iris Clothings Limited

Iris Clothings Limited is an India-based kidswear company engaged in designing, manufacturing, branding and selling readymade garments under its flagship brand, DOREME. The origins trace back to a workshop in West Bengal in 2004; the company established itself in 2005 and launched DOREME within the very first year of operations. Headquartered at 103/24/1, Foreshore Road, Shibpur, Howrah, West Bengal, its shares are listed on the National Stock Exchange (NSE) Main Platform in India.

Iris focuses on kids’ apparel for infants, toddlers and junior boys and girls, offering summer wear, winter wear, sportswear, swimwear and accessories such as bags and bottles under DOREME. The company operates 11 units (eight manufacturing and three despatch) with an installed capacity of 34,000 pieces per day, supported by a growing retail footprint of Exclusive Brand Outlets (EBOs). Manufacturing operations are concentrated across multiple sites in Howrah, West Bengal, including facilities at Srijan Industrial Logistics Park, Fortune Industrial Park (Uluberia), and other addresses listed in the Annual Report.

Geographical Presence
DOREME has a nationwide presence across 26 states with strong markets in Maharashtra, Rajasthan, Gujarat and the NCR, supported by a 186-partner distributor network. The company also exports to countries including Nepal, Portugal, Mozambique, Zambia and Saudi Arabia. Its digital strategy includes a direct-to-consumer (D2C) website, complementing its offline reach.

Subsidiaries
The company does not have any subsidiary (Nil).

Key Milestones
A strategic licensing agreement with Disney enables Iris to design and sell apparel featuring Disney and Marvel characters. Its Uluberia plant received the Facility and Merchandise Authorization (FAMA) licence in November 2022 for manufacturing and distribution under Disney X DOREME in the premium category. As of March 31, 2025, the company had 1,401 employees, reflecting scaled operations backed by in-house design and manufacturing capabilities.

Iris Clothings Limited Business Segments
No separate segment-wise or domestic vs. international revenue percentages are disclosed in the Annual Report; the company reports a single operating segment and notes that all non-current assets are located in India.

Iris Clothings Limited Key Management

• Santosh Ladha – Managing Director
• Geeta Ladha – Whole-time Director
• Baldev Das Ladha – Non-Executive, Non-Independent Director
• Nikhil Saraf – Non-Executive, Independent Director
• Manoj Tulsyan – Non-Executive, Independent Director
• Vranda Manish Rathi – Non-Executive, Independent Director
• Niraj Agarwal – Chief Financial Officer
• Sweta Agarwal – Company Secretary & Compliance Officer

Latest Updates on Iris Clothings Limited

• Strengthened distribution and retail: Iris added 21 distributors during FY2025, taking the total network to 186, and opened five new EBOs, increasing total stores to seven.
• Capital actions: The company completed a rights issue in April 2025 (offer period March 27–April 17, 2025; allotment on April 24, 2025), raising Rs 47.5 crore, followed by a 1:1 bonus share allotment on July 07, 2025.
• Capacity and product expansion: Plans are underway to expand daily production capacity from 34,000 to 38,000 pieces with an incremental capex of Rs 6–7 crore and to foray into the kids’ innerwear segment, expected to contribute from Q3 FY2026.
• Brand partnerships and collections: The Disney licensing programme continued with new collections under Disney X DOREME; FY2025 also saw an expanded focus on infant wear and fresh designs in licensed lines.

Governance and ratings: Iris is listed on NSE’s Main Platform and received a CRISIL BBB-/Stable credit rating on its facilities during the year.