What Mayur Uniquoters does

Mayur Uniquoters Limited is an Indian public company founded in 1994 that manufactures and exports coated textile fabrics — principally artificial leather in PVC vinyl, PU synthetic leather, and Rexine forms — for use in automotive interiors, footwear, furnishing, and leather goods. Headquartered in Jaipur, Rajasthan (NSE: MAYURUNIQ), the company operates manufacturing facilities at Jaitpura and Dhodhsar and a newly commissioned PU coating plant at Morena, Madhya Pradesh. It is led by founder-Chairman and Managing Director Suresh Kumar Poddar and reports FY 2024-25 consolidated revenue of Rs 92,086.25 lakh (~$110M USD) with PAT of Rs 14,928.94 lakh.

The company's core technology is Release Paper Transfer Coating Technology, deployed across 7 PVC coating lines producing 3.5 million linear meters per month (48.60 million LM per annum), with the new PU coating plant adding 5 million LM per annum of PU capacity (expandable to 20 million LM). Production is fully backward-integrated through an in-house textile knitting unit (2.25 million LM/month) and forward-integrated through perforation (1.28 million LM/annum) and foam lamination (2.4 million LM/annum). R&D infrastructure includes physical, chemical, and product development laboratories with 60+ machines, delivering 90-100 unique samples per working day. The company holds IATF 16949 (automotive), ISO 9001/14001/45001, ISO 27001, TISAX, and VDA 6.3/6.5 certifications, and is a UN Global Compact member since 2020.

Mayur Uniquoters generates revenue through direct B2B sales to OEMs in India and overseas. Approximately 35% of revenue comes from exports to the United States, United Kingdom, South Africa, China, and European countries. Distribution is operated through wholly owned subsidiaries — Mayur Uniquoters Corp. (USA, Dallas), Mayur Uniquoters SA (South Africa), the FY 2024-25 step-down acquisition UAB Futura Textile Europe (Lithuania), and Mayur Tecfab Private Limited (India, operating the TEXTURE AND HUES retail furnishing brand). Named automotive OEM customers include Mercedes Benz, BMW, Chrysler, Ford (US) and Honda, Maruti Suzuki, MG Hector, Mahindra & Mahindra, Tata Motors, Volkswagen, Nissan, Toyota, Kia, and Hyundai (India). Pricing is not publicly disclosed. The company has executed five share buybacks (2016, 2017, 2020, 2022, 2024), and market capitalization stood at approximately Rs 2,600 crore as of February 2026.

Name

Mayur Uniquoters

Legal name

Mayur Uniquoters Limited

Website

https://mayuruniquoters.com

Company type

Public

Founded year

1994

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Founded in 1994 in Jaipur, India, Mayur Uniquoters Limited manufactures and exports PVC and PU artificial leather using proprietary Release Paper Transfer Coating Technology, supplying automotive OEMs, footwear, furnishing, and leather goods manufacturers across India, the US, UK, Europe, South Africa, and China.

Ownership category

akta.pro rank

Product category

Artificial Leather Manufacturing

NAICS

Textile and Fabric Finishing and Fabric Coating Mills (3133)

SIC

Plastics Products, Nec (3089)

akta.pro primary industry

Finishing & Surface Coating (Pigmented/Aniline/Embossing/Topcoat) (IMAOAGAG)

Keywords

• Artificial leather manufacturing
• Synthetic leather production
• PVC coated fabric
• PU synthetic leather
• Automotive upholstery materials

Headquarters

HQ city

Jaipur

HQ country

India

HQ region

Asia

Offices9 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Artificial Leather Sales: Mayur Uniquoters generates revenue through manufacturing and selling artificial leather (PVC and PU synthetic leather) to various industries. FY 2024-25 standalone revenue was Rs. 85,987.06 Lakh with Net Profit After Tax of Rs. 14,100.87 Lakh. Consolidated revenue was Rs. 92,086.25 Lakh with PAT of Rs. 14,928.94 Lakh.
2. Export Revenue: 35% of revenue comes from exports to United States, United Kingdom, South Africa, China and other European Countries. This export-oriented approach is a significant revenue stream.
3. Furnishing Business (Mayur Tecfab Private Limited): The company operates in furnishing business through wholly owned subsidiary Mayur Tecfab Private Limited under the brand name TEXTURE AND HUES to serve retail customers in India.

Go-to-market motion2 records

Distribution channels5 records

Marketing channels4 records

Core offering

Mayur Uniquoters manufactures and exports artificial leather (PVC Vinyl, PU/PVC Leather Cloth, and Rexine) using Release Paper Transfer Coating Technology across 7 PVC coating lines and a PU coating plant. The company serves automotive OEMs, footwear manufacturers, furnishing companies, and leather goods/garments producers with industry-specific coated fabrics. It also operates a domestic retail furnishing brand, TEXTURE AND HUES, through its wholly owned subsidiary Mayur Tecfab Private Limited.

Product overview

Mayur Uniquoters Limited is a manufacturer and exporter of artificial leather using Release Paper Transfer Coating Technology. The company produces PVC Vinyl, PU/PVC Leather Cloth, and Rexine materials for multiple industries. The product portfolio spans four main industry verticals: Automotive (seat upholstery, door trims, steering covers), Footwear (shoe uppers, linings, insoles), Furnishing (sofas, chairs, cushions), and Leather Goods & Garments (bags, accessories, sports items). The company operates under the TEXTURE AND HUES retail brand through its subsidiary Mayur Tecfab Private Limited for the domestic furnishing market. Products range from standard PVC coatings to specialized PU-based artificial leather, with capabilities for embossing, printing, lacquering, sueding, tumbling, and foam lamination.

Differentiator

Problem solved

Functional benefit

Brands

• TEXTURE AND HUES: Retail furnishing brand operated by subsidiary Mayur Tecfab Private Limited to serve retail customers in India.

Products and services

• Artificial Leather (PVC Vinyl, PU/PVC Leather Cloth, Rexine) The company's primary manufactured product line, produced via Release Paper Transfer Coating Technology. Includes PVC Vinyl, PU/PVC Leather Cloth, and Rexine variants in multiple textures, colors, and finishes used across automotive, footwear, furnishing, and leather goods applications.
• Automotive Artificial Leather PVC Vinyl and PU synthetic leather engineered for automotive interiors including seat upholstery, door trims, steering wheel covers, gear boot covers, roof lining, sun visors, and hoods. Features include flammability resistance, cold crack resistance, mildew resistance, abrasion resistance, UV resistance, and weather resistance. Supplied to OEMs such as Mercedes Benz, BMW, Chrysler, Ford, Honda, Maruti, Tata, Mahindra, Volkswagen, Nissan, Toyota, Kia, and Hyundai.
• Footwear Artificial Leather PVC Vinyl and PU synthetic leather for footwear manufacturing including shoe uppers, shoe lining, and insoles for formal shoes, boots, sports shoes, sandals, slippers, and women's footwear. Offered in a variety of colors and textures with high durability.
• Furnishing Artificial Leather Synthetic leather for the furnishing industry used in sofas, chairs, cushion-covers, bean bags for homes, offices, commercial establishments, hotels, and marine upholstery. Available in leather and fabric looks with salt water resistance for marine applications.
• Leather Goods & Garments Artificial Leather Synthetic leather for purses, bags, briefcases, diary covers, stationery items, garments, belts, wallets, and sports items such as gloves, pads, and footballs. Provides vibrant colors and varied textures for fashionable and maintenance-free leather goods.
• TEXTURE AND HUES (Retail Furnishing Brand) Retail furnishing brand operated through wholly owned subsidiary Mayur Tecfab Private Limited, serving retail customers in India with synthetic leather and furnishing materials.

Quantifiable outcome

• Production capacity grew from 0.25 million linear meters per month to 3.5 million linear meters per month over 30+ years
• +3 more outcomes

Named customers14 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Mayur Uniquoters Corp.coreChannel Partner/ Reseller/ DistributorWholly owned subsidiary (WOS) company in the USA for North American market distribution and sales operations.
• Mayur Uniquoters SA (Pty) Ltd.coreChannel Partner/ Reseller/ DistributorWholly owned subsidiary in South Africa for African market distribution.
• UAB Futura Textile EuropecoreChannel Partner/ Reseller/ DistributorStrategic investment made by Mayur Uniquoters Corp. (WOS) in Lithuania, Europe to gain more access to the global market and align with commitment to sustainable practices. This is the company's new step-down subsidiary.
• Mayur Tecfab Private LimitedcoreChannel Partner/ Reseller/ DistributorWholly owned subsidiary for domestic retail furnishing business under the brand name TEXTURE AND HUES to serve retail customers in India.
• Futura TextilesminorChannel Partner/ Reseller/ DistributorUS-based distribution partner located at 8709 Caroma St., Olive Branch, MS 38654. Contact: (877) 426-8177, www.futuratextiles.com
• Vitti Logistics S De Rl De CV/ZAT LogisticsminorChannel Partner/ Reseller/ DistributorDistribution partner in Mexico located at Carretera Saltillo-Monterrey KM 5.5 No.7290, Los Rodríguez, Saltillo, Coahuila, México, CP-25200.

Scale indicators10 records

Recent moves12 records

Expansion highlights6 records

Direct peers

• Achilles Corporation: Japanese leader in PVC-based synthetic leather and urethane products. Highly comparable to Mayur's PVC coating line technology and automotive/furnishing/footwear customer base.
• Teijin Limited: Makes Teijin Cordley and other artificial leather for footwear and automotive interiors. Competes with Mayur for OEM design-ins and has comparable vertical integration in synthetic leather.
• Kolon Industries: Korean chemical and materials company with synthetic leather and film products serving automotive and footwear OEMs. Competes with Mayur in Asia-Pacific OEM supply.
• Kuraray Co., Ltd. Japanese manufacturer of Clarino man-made leather used in footwear, automotive interiors, and apparel. Direct overlap with Mayur's PVC/PU synthetic leather portfolio across the same end markets.
• Toray Industries, Inc. Producer of Ultrasuede and other artificial leather grades serving automotive, footwear, and furnishing applications globally. Closely comparable technology, customer mix, and scale to Mayur.

Emerging players

• Bolt Threads: US-based biomaterials company producing Mylo mushroom-based leather alternatives for footwear and apparel majors (Adidas, Stella McCartney). Represents a long-term competitive threat to Mayur's polyurethane synthetic leather business.
• Modern Meadow: US biotech developing bio-fabricated leather using fermentation-based proteins. Targets the same automotive and footwear end markets as Mayur with a sustainability positioning that could disrupt incumbent synthetic leather suppliers.

Broad incumbents

• Stahl Holdings: Netherlands-based global leader in leather chemicals, coatings, and finishes serving automotive, footwear, and fashion leather industries. Overlaps with Mayur's surface treatment and finishing operations at scale.
• Covestro AG: Leading polyurethane raw materials supplier whose resins are used to produce PU synthetic leather. Adjacent rather than directly competing, but anchors the same PU-coated fabric value chain Mayur is moving into.
• BASF SE: Global chemical major with a Coatings division supplying polyurethane and coating systems used in artificial leather manufacturing. Addresses Mayur's upstream raw material supply and adjacent applications.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/mayur-uniquoters-limited

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries4 records

Funding overview

Funding rounds1 record

Investors1 record

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

M&A

Investments

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

Frequently asked questions about Mayur Uniquoters