What Versatile Group does

Versatile Group, operating through Versatile Enterprises Pvt. Ltd., is an Indian textile manufacturer founded in 1974 in Ludhiana, Punjab, and now in its fourth generation of family ownership under the Seth family. The company specializes in laminated, coated, and artificial fur fabrics, operating five production units (three in Punjab and two in the National Capital Region) with a workforce of 600-700 and a group turnover disclosed in excess of USD 20 million. Core manufacturing capabilities span multiple lamination processes (flame, adhesive, powder coating, film, and membrane) using polyurethane foam and EVA sheets, alongside sliver knitting for artificial fur, scatter coating for reinforcement fabrics, in-house dyeing, and footbed/insole molding with capacity of 2 million pairs per year.

The product portfolio serves B2B customers across three primary verticals — footwear, apparel and home furnishing, and sports/industrial applications — via direct sales through five domestic marketing offices (Delhi, Chennai, Kolkata, Kanpur, Agra) and export channels into Germany, Denmark, the UK, and South East Asia. Product lines include laminated and coated fabrics, knitted fabrics (interlock, lycra mesh, scuba, fleece, rib, spacer), artificial fur, linings, interlinings, shoe uppers, insoles and footbeds with specialty finishes (water repellent, anti-bacterial, fragrance, anti-static), and forward-integrated finished garments under the on-vers® brand. The company positions itself on "zero defect, zero effect" manufacturing principles and holds ZED certification from the Quality Council of India, with memberships in IFCOMA, CII, LMA, and CLRI.

The revenue model is hardware sales of fabric and footwear components to brand customers and export houses under quote-based B2B pricing, supplemented by direct garment sales under the on-vers® brand. Customer concentration is not disclosed at the named-customer level, and the company has no external institutional funding, no public listing, and no AI/ML capability disclosed. The competitive position rests on process diversification across five lamination technologies under one roof, multi-unit scale, in-house R&D and testing, and a multi-decade international footprint.

Name

Versatile Group

Legal name

Versatile Enterprises Pvt. Ltd.

Website

https://versatilegroup.in

Company type

Private

Founded year

1974

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Versatile Group is an Indian textile manufacturer founded in 1974 producing laminated, coated, and artificial fur fabrics, knitted fabrics, and footbeds for footwear, apparel, and home furnishing brands, exporting to Europe and South East Asia.

Ownership category

akta.pro rank

Product category

Technical Textiles / Industrial Fabrics

NAICS

Knit Fabric Mills (313240), Cut and Sew Apparel Manufacturing (except Contractors) (31525), Cut and Sew Apparel Manufacturing (3152)

SIC

Apparel & Other Finishd Prods Of Fabrics & Similar Matl (2300), Knitting Mills (2250)

akta.pro primary industry

Interlinings, Linings & Padding (CRAAAMAI)

akta.pro secondary industry

Outerwear & Performance Apparel Cut & Sew (IMAOAEAB)

Keywords

• Laminated textile fabrics
• Artificial fur manufacturing
• Footwear components supply
• Knitted industrial fabrics
• Technical textile manufacturer

Headquarters

HQ city

Ludhiana

HQ country

India

HQ region

Asia

Offices9 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Fabric Manufacturing & Sales: B2B manufacturing and sale of laminated fabrics, coated fabrics, artificial fur, interlinings, and knitted fabrics to footwear, garment, and home furnishing industries. One-time product sales with recurring customer relationships.
2. Garment Manufacturing: Own brand of jackets and active wears under the 'on-vers' brand name. Forward integration from fabric manufacturing to finished garment products.
3. Footbed/Insoles Manufacturing: Manufacturing of insoles and footbeds for footwear industry, including moulded socks with specialized properties.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Versatile Group manufactures and sells laminated, coated, and artificial fur fabrics, knitted fabrics, interlinings, insoles/footbeds, speciality finished fabrics, and finished garments (on-vers brand). Its core output is technical textile components supplied B2B to footwear brands, garment manufacturers, and home furnishing producers, with forward integration into finished jackets and active wear.

Product overview

Versatile Group is a textile manufacturing company offering a diverse portfolio of fabric products for the footwear, apparel, and allied industries. The core product lines include Laminated & Coated Fabric (manufactured via flame, adhesive, powder coating, film and membrane lamination), Knitted Fabric (various types like Interlock, Lycra Mesh, Scuba, Tricot, Fleece), Artificial Fur, Insoles/Footbeds, and Garments under the on-vers® brand. Supporting product categories include Speciality Finishes (water repellent, anti-bacterial, fragrance finishes), Linings, Interlinings/Reinforced Fabrics, and Uppers. The company positions itself as a pioneer manufacturer with in-house R&D and testing capabilities, serving both domestic and international markets with a focus on technical textiles.

Differentiator

Problem solved

Functional benefit

Brands

• on-vers: The group's own range of jackets and active wear, moulded using the highest quality bonded fabric.

Products and services

• Laminated & Coated Fabric

Quantifiable outcome

• Group turnover of USD 20+ million
• +2 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• Mary Kom Regional Boxing FoundationminorStrategic or Co-development PartnerVersatile Group collaboration with Mary Kom Regional Boxing Foundation as part of CSR initiatives. Supports sports development and training programs for rural sports and nationally recognised sports.

Scale indicators13 records

Recent moves11 records

Expansion highlights5 records

Direct peers

• Loyal Textile Mills: India-based manufacturer of yarns, knitted fabrics, and finished garments for global fashion brands. Comparable in B2B fabric manufacturing with forward integration into apparel.
• Banswara Syntex: Indian manufacturer of synthetic and blended yarns and fabrics serving global apparel brands. Comparable to Versatile as an Indian fabric manufacturer supplying international garment buyers.
• Uniroyal Industries: Indian footwear components manufacturer producing soles, insoles, and related components for branded footwear. Most directly comparable to Versatile's footbed/insoles division serving footwear export houses.
• Nahar Group: Indian textile conglomerate with integrated yarn, knitting, and garment operations. Comparable to Versatile's vertical-integration model from fabrics to finished apparel.
• Arvind Limited: One of India's largest integrated textile manufacturers producing denim, knits, and technical fabrics for global apparel and footwear brands. Directly comparable to Versatile as a B2B fabric supplier serving apparel/footwear export houses.
• Vardhman Textiles: Major Indian yarn and fabric producer with significant knitting and processing capacity. Comparable to Versatile in producing technical knitted and processed fabrics for apparel and industrial customers.
• Indo Count Industries: Indian home textile and knitted fabric exporter serving global bedding and apparel brands. Comparable as a fabric exporter with international (EU/US) customer base and India-based manufacturing.

Broad incumbents

• Bombay Dyeing: Large legacy Indian textile group with broad portfolio across home textiles and apparel fabrics. Comparable as a larger incumbent Indian textile manufacturer with fabric and finished product offerings.
• Toray Industries: Global Japanese chemical and textile conglomerate producing advanced technical textiles, laminates and artificial leather. Comparable to Versatile as a lamination/artificial fur producer but at vastly larger scale and with broader portfolio.

Regional players

• Singtex Industrial: Taiwan-based technical textile manufacturer specialising in laminated and functional fabrics for outdoor and apparel brands. Comparable to Versatile in lamination technology and B2B fabric supply, but serving primarily Asia-Pacific customers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/versatile-enterprises-pvt-ltd

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Versatile Group