Matrix Clothing
Matrix Clothing is an India-based garment manufacturer founded in 1980, producing sweaters, jackets, shorts, and dresses. Since February 2024, it operates as a subsidiary of Gokaldas Exports Ltd. as part of the parent's backward-integration strategy.
- Company typePrivate
- Founded1980
- HeadquartersGurugram, India
- Headcount5,001–10,000
- GTM typeB2B
- OfferingHardware or Manufacturing
What Matrix Clothing does
Matrix Clothing is an India-based garment manufacturer founded in 1980 and headquartered in Gurgaon, operating with a workforce of 5,001–10,000 employees. The company produces a range of ready-made apparel including sweaters, jackets, shorts, and dresses, serving as a contract manufacturer in the Indian apparel value chain. Its product portfolio is conventional for the Indian knitwear and outerwear segment, with no disclosed proprietary technology, digital platform, or direct-to-consumer offering.
Matrix Clothing firmographics
Firmographics- Name
- Matrix Clothing
- Website
- https://matrixclothing.in
- Company type
- Private
- Founded year
- 1980
- Operating status
- Acquired
- Headcount range
- 5,001–10,000 employees
- Short description
- Matrix Clothing is an India-based garment manufacturer founded in 1980, producing sweaters, jackets, shorts, and dresses. Since February 2024, it operates as a subsidiary of Gokaldas Exports Ltd. as part of the parent's backward-integration strategy.
- Ownership category
- akta.pro rank
Matrix Clothing industry classification
Industry- Product category
- Apparel Manufacturing
- NAICS
- Apparel Knitting Mills (31512), Cut and Sew Apparel Manufacturing (except Contractors) (31525)
- SIC
- Knit Outerwear Mills (2253), Apparel & Other Finishd Prods Of Fabrics & Similar Matl (2300)
- akta.pro primary industry
- Knitwear & Sweaters Manufacturers (CRAAAAAJ)
- akta.pro secondary industries
- Dresses, Skirts & Tailored Apparel Cut & Sew (Suits/Formalwear) (IMAOAEAF), Tops & Shirts Cut & Sew (T-Shirts/Shirts/Blouses) (IMAOAEAE)
Keywords
Where Matrix Clothing is headquartered
LocationHeadquarters
- HQ city
- Gurugram
- HQ country
- India
- HQ region
- Asia
Markets served
Matrix Clothing business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Personnel, Supply Chain, Operations, Infrastructure
Matrix Clothing product offering
Product offeringCore offering
Matrix Clothing is a garment manufacturer that produces ready-made apparel products including sweaters, jackets, shorts, and dresses. Operating from Gurgaon, India with 5,001-10,000 employees, the company serves as a manufacturing arm within the apparel supply chain, producing finished garments for downstream brand and retail customers. Since February 2024, it has operated as a subsidiary of Gokaldas Exports Ltd.
Differentiator
Problem solved
Functional benefit
Products and services
- Sweaters Manufactured sweater garments produced by Matrix Clothing as part of its ready-made apparel product line for downstream brand and retail customers.
- Jackets Manufactured jacket garments produced by Matrix Clothing as part of its ready-made apparel product line for downstream brand and retail customers.
- Shorts Manufactured short garments produced by Matrix Clothing as part of its ready-made apparel product line for downstream brand and retail customers.
- Dresses Manufactured dress garments produced by Matrix Clothing as part of its ready-made apparel product line for downstream brand and retail customers.
Companies that use Matrix Clothing
Customer profileIdeal customer profiles1 record
Matrix Clothing technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Matrix Clothing partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Gokaldas ExportscoreMatrix Clothing was acquired by Gokaldas Exports Ltd. (GOKEX) in February 2024 as one of three value-accretive acquisitions. This acquisition is part of CEO Siva Ganapathy's turnaround strategy since 2017, contributing to the company's projected 27% revenue CAGR to Rs. 64 billion by FY28. The acquisition forms part of Gokaldas Exports' backward integration strategy for the ready-made garment manufacturing business.
Recent moves3 records
Expansion highlights2 records
Matrix Clothing competitors and assessment
Company assessmentDirect peers
- Gokaldas Exports: Listed Indian ready-made garment exporter that acquired Matrix Clothing in February 2024. Directly comparable as the parent and as a knitwear-focused contract apparel manufacturer with overlapping factory footprint, customer base and product categories (sweaters, jackets, woven bottoms).
- Atraco Group: Apparel manufacturer acquired by Gokaldas Exports in January 2024 alongside Matrix, part of the same backward integration push. Highly comparable as a cut-and-sew garment producer serving international brands with a product mix spanning casual wear and outerwear.
- Shahi Exports: One of India's largest apparel exporters, manufacturing knitwear, woven garments and jeans for global fashion brands. Closely comparable to Matrix on product categories (sweaters, jackets, bottoms), customer base and Indian manufacturing scale.
- KPR Mill: Vertically integrated Indian textile and apparel manufacturer producing knitwear, ready-made garments and yarn. Comparable as a listed Indian knitwear-and-garment peer with similar backward integration strategy and exposure to global apparel brands.
- Pearl Global Industries: India-listed apparel manufacturer exporting knit, woven and engineered garments to global brands. Comparable on multi-category garment manufacturing (knitwear and outerwear), Indian sourcing footprint and export-led revenue model.
- Page Industries: Indian apparel manufacturer known for knitwear and innerwear (Jockey, Speedo licensee). Comparable as a major India-based knit-focused apparel manufacturer with similar product categories and brand-customer model, though more brand-tilted than pure contract manufacturing.
- Loyal Textile Mills: Indian textile and apparel manufacturer producing knitted and woven fabrics plus finished garments. Comparable on the knitwear/garment boundary and on serving export and domestic apparel customers from Indian production bases.
Broad incumbents
- Arvind Mills: Large Indian conglomerate spanning denim, woven fabrics and apparel manufacturing with a broader textile portfolio. Comparable as an Indian apparel-manufacturing incumbent with denim/top-weight capability overlapping Matrix's shorts/dresses woven categories.
Emerging players
- BRFL Textiles: Indian fabric and apparel player that was the pending third acquisition in Gokaldas Exports' 2024 roll-up alongside Matrix. Comparable as a textile/garment value-chain peer being absorbed into the same parent platform.
Regional players
- TCNS Clothing Co. India-focused women's apparel manufacturer (W, Aurelia brands) producing dresses, tops and bottoms domestically. Comparable as an Indian multi-category women's apparel manufacturer, though more retail/brand-led than Matrix's export contract model.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks5 records
Key highlights5 records
Customer concentration
Matrix Clothing social profiles
Digital presenceMatrix Clothing financial estimates
Financial estimateRevenue estimate
Valuation estimate
Matrix Clothing leadership team
Management profileNumber of profiles
Matrix Clothing funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Matrix Clothing M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Matrix Clothing
What does Matrix Clothing do?
Matrix Clothing is a garment manufacturer that produces ready-made apparel products including sweaters, jackets, shorts, and dresses. Operating from Gurgaon, India with 5,001-10,000 employees, the company serves as a manufacturing arm within the apparel supply chain, producing finished garments for downstream brand and retail customers. Since February 2024, it has operated as a subsidiary of Gokaldas Exports Ltd.
When was Matrix Clothing founded?
Matrix Clothing was founded in 1980. It employs 5,001 to 10,000 people.
Where is Matrix Clothing based?
Matrix Clothing is headquartered in Gurugram, India, in the Asia region.
Who are Matrix Clothing's main competitors?
Direct peers on record are Gokaldas Exports, Atraco Group, Shahi Exports, KPR Mill, Pearl Global Industries, Page Industries and Loyal Textile Mills. Arvind Mills is listed as a broad incumbent. BRFL Textiles is listed as an emerging player. TCNS Clothing Co. is listed as a regional player.
Does Matrix Clothing have an API?
No public API is recorded for Matrix Clothing.
What industry is Matrix Clothing in?
Matrix Clothing's product category is Apparel Manufacturing. Its primary akta.pro industry code is CRAAAAAJ, Knitwear & Sweaters Manufacturers, with a secondary code of IMAOAEAF, Dresses, Skirts & Tailored Apparel Cut & Sew (Suits/Formalwear). Its NAICS code is 31512 and its SIC code is 2253.