Mafatlal Industries creates subsidiary for global apparel exports

Mafatlal Industries Limited has incorporated Mafatlal Apparel Exports Private Limited, taking a 51% equity stake to enter the global garment and apparel export sector.

The subsidiary is a collaboration with Sagar Birnale, who brings over two decades of experience in sourcing, manufacturing, and fashion retail. The new entity will have paid-up capital of Rs. 2.50 crores, with Mafatlal investing Rs. 0.51 crores initially.

It will operate as a garment buying house, focusing on sourcing and delivering fashion and casual wear to international clients and retailers.