What Mafatlal Industries does

Mafatlal Industries Limited is a publicly listed Indian textile manufacturer (BSE: 500264; CIN L17110GJ1913PLC000035) and the flagship company of the Arvind Mafatlal Group, founded in 1905 and operating from Ahmedabad and Mumbai with composite manufacturing facilities in Nadiad and Navsari, Gujarat. The company runs vertically integrated textile operations — spinning, weaving, dyeing, finishing and garmenting — producing over 85 million metres per annum of suiting, shirting, voiles, denim, bed & bath linen, school and corporate uniforms, and speciality technical fabrics (flame retardant, anti-static, Teflon coated, antibacterial, soil-resistant, water-repellent), with OEKO-TEX and ISO 9001:2008 certifications. It serves institutional buyers (state governments, corporates, hospitals, defence), retail consumers through 200+ Family Shop outlets across 16+ Indian states and its own e-commerce portals, and healthcare consumers through the Mafatlal MedFits D2C platform.

Revenue in FY25 reached Rs 2,845 crore (~US$340M), nearly double FY23's Rs 1,415 crore, implying a 41.8% three-year CAGR, with FY25 ROCE of 21% and profits of ~Rs 100 crore. The business model combines large B2B/institutional contracts — exemplified by the Rs 687.78 crore Telangana school uniform fabric programme and the Rs 114 crore Odisha robotic-laboratories order — with multi-channel consumer distribution and a 51%-owned international export subsidiary (Mafatlal Apparel Export Limited) targeting Middle East, Europe, Far East and Latin America. Adjacent verticals include Mafatlal Technologies (digital classroom and security surveillance hardware), GetSetLearn (EdTech content marketplace, backed by ~$2M family capital and seeking external funding), hygiene products (CooCoo and Medimaf), fashion brands (Mohinee, Rangrage), and a 2022 NFTICALLY metaverse/NFT partnership. The company has materially deleveraged, cutting external debt from Rs 200 crore in FY17 to under Rs 60 crore by H1 FY26, and is led by fifth-generation CEO & Managing Director Priyavrata Mafatlal.

Name

Mafatlal Industries

Legal name

Mafatlal Industries Limited

Website

https://mafatlals.com

Company type

Public

Founded year

1905

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Mafatlal Industries is a 120-year-old, publicly listed Indian vertically integrated textile manufacturer producing over 85 million metres annually of fabrics, uniforms, home furnishings and speciality technical textiles from composite facilities in Gujarat, serving government, institutional, retail and increasingly export customers across multiple channels.

Ownership category

akta.pro rank

Product category

Textile Manufacturing

NAICS

Fabric Mills (3132), Textile Mills (313), Textile Product Mills (314)

SIC

Broadwoven Fabric Mills, Cotton (2211), Broadwoven Fabric Mills, Man Made Fiber & Silk (2221), Apparel & Other Finishd Prods Of Fabrics & Similar Matl (2300), Textile Mill Products (2200)

akta.pro primary industry

Textiles, Fabrics, Trims & Components Suppliers (CRAAAAAL)

Keywords

• Textile manufacturing
• Woven fabrics
• School uniforms
• Home furnishing
• Technical textiles

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Textile and Fabric Sales: Core revenue from manufacturing and selling fabrics including suiting, shirting, voiles, prints, linens, denim, school/corporate uniforms, bed & bath linen, and readymade garments. Multiple product lines across men's wear, women's wear, home furnishing, uniforms, and specialty fabrics.
2. Government and Institutional Contracts: Large-scale government procurement contracts such as Telangana school uniform initiative (Rs 687.78 crore fabric order) and Odisha robotic laboratory setup (Rs 114 crore order over 5 years).
3. Direct-to-Consumer (D2C) Medical Apparel: Mafatlal MedFits digital platform for medical apparel targeting healthcare professionals and consumers in India.
4. Technology and Digital Solutions: Mafatlal Technologies provides interactive digital panels, teaching devices, video walls, and security surveillance hardware and solutions.
5. EdTech Platform Revenue: GetSetLearn platform acts as aggregator/curator of learning content. Platform offers over 2,000 courses through marketplace model; Group invested over $2 million and is planning external funding.

Pricing tiers

Go-to-market motion4 records

Distribution channels8 records

Marketing channels6 records

Core offering

Mafatlal Industries manufactures and sells a diversified portfolio of textiles and garments, including men's and women's wear fabrics and readymades, school, corporate and hospital uniforms, home furnishing (bed linen, bath towels, comforters), ready-to-stitch fabrics, hygiene products (diapers and wipes), and specialty technical fabrics (flame retardant, anti-bacterial, water repellent), from two vertically integrated composite manufacturing facilities in Gujarat. The company operates a 200+ store retail network across India, sells direct-to-consumer through Mafatlal MedFits and an online store, secures large government institutional contracts, and exports garments internationally through its subsidiary.

Product overview

Mafatlal Industries is a 120+ year-old Indian textile company offering a diversified portfolio of fabric and apparel products. The product ecosystem consists of core textile offerings (Men's and Women's wear, Uniforms for schools/corporate/hospitals, Home Furnishing, Ready-to-Stitch fabrics, Hygiene Products, and Speciality Technical Fabrics), technology-driven solutions (Digital Solutions via Mafatlal Technologies, Robotic Laboratories), direct-to-consumer healthcare platforms (Mafatlal MedFits), fashion apparel brands (Mohinee, Rangrage, Mafatlal Apparel Exports), and an edtech venture (GetSetLearn). The company operates across B2B institutional sales, B2C retail through 200+ Family Shops and an online store, and exports through dedicated subsidiaries. The portfolio spans traditional textiles to modern technical fabrics (flame retardant, antibacterial, water repellent) and emerging technology divisions.

Differentiator

Problem solved

Functional benefit

Brands

• Mafatlal MedFits: Digital platform for medical apparel and healthcare products, marking the company's entry into direct-to-consumer segment
• Mafatlal Apparel Exports
• Medimaf
• CooCoo Baby Products
• Mohinee
• Rangrage by Mafatlals
• GetSetLearn
• Mafatlal Technologies
• Mafatlal Apparel Export Limited

Products and services

• Men's Wear Fabrics and Readymades Suiting, shirting, trousering fabrics and readymade garments for men, sold to individual consumers and institutional buyers.
• Women's Wear Fabrics and Readymades Voiles, rubia fabrics and readymade garments for women, sold to individual consumers and via the Mohinee Range fashion sub-brand.
• School, Corporate and Hospital Uniforms Comprehensive uniform solutions for schools, corporate offices, workforces and hospitals, designed for comfort, durability and professional appearance and certified to OEKO-TEX and ISO 9001:2008 standards.
• Home Furnishing Bed linen, bath towels, bath mats and comforters for home interiors and household use, sold through family shops and online.
• Ready-to-Stitch Fabric Solutions Suiting, shirting and trousering fabrics sold by length for consumers to get tailored into garments.
• Hygiene Products (Baby and Adult) Baby diapers, adult diapers, underpads and wipes for personal hygiene, marketed under CooCoo Baby Products and Medimaf brands.
• Specialty Technical Fabrics Advanced technical fabrics — flame retardant, anti-static, Teflon coated, anti-bacterial, soil-resistant and water repellent — for industrial, healthcare and institutional applications.
• Mafatlal Technologies Digital Solutions Interactive digital panels, digital teaching devices, video walls, digital podiums, display standees, interactive whiteboards, security surveillance and related automation and audio-visual solutions for schools, corporates and government clients.
• Defence and International Uniforms (Mafatlal Apparel Exports) Defence and institutional uniforms plus casual and everyday fashion garments for export to the Middle East, Europe, Far East and Latin America, supplied through the Mafatlal Apparel Export Limited subsidiary.
• Mafatlal MedFits Medical Apparel D2C Platform Direct-to-consumer digital platform for medical apparel and healthcare products designed for comfort, functionality and durability, serving healthcare professionals and consumers in India.
• Family Shop Retail Network Retail storefront network of 200+ family shops across 16+ Indian states for direct consumer sales of Mafatlal fabrics, readymades, uniforms and home furnishing products.
• Mafatlal Online Store Own e-commerce platform for direct-to-consumer sales of Mafatlal fabrics and textile products in India.
• GetSetLearn EdTech Platform Hybrid curated marketplace aggregator for over 2,000 in-person and online learning courses focused on STEM education, English learning and 21st-century skills, including exclusive STEM curriculum partnership with US-based TinkRworks and content delivery partnerships with Jadooz Media.

Quantifiable outcome

• Near-doubling of total income from Rs 1,415 crore (FY23) to Rs 2,845 crore (FY25) with 41.8% three-year CAGR
• +2 more outcomes

Named customers3 records

Segments6 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.

• Mafatlal Industries and Telangana State Cooperative SocietycoreChannel Partner/ Reseller/ Distributor · 14 June 2026Telangana government procured 2.97 crore metres of fabric from manufacturers including Mafatlal and Telangana State Cooperative Society at a total cost of Rs 687.78 crore for school uniform programme. Women Self-Help Groups stitch uniforms at Rs 75 per piece, with 25-30% of orders allocated to the handloom sector.
• Mafatlal Industries and Odisha Computer Application Centre (OCAC)coreImplementation/ SI/ Consulting Partner · 17 March 2026Mafatlal Industries received an order worth approximately Rs 114 crore from OCAC to set up 500 robotic laboratories across 16 districts in Odisha. The project will be executed over five years through the company's technology division.
• Mafatlal Industries and Mafatlal Apparel Export LimitedcoreStrategic or Co-development Partner · 24 January 2026Mafatlal Industries acquired 51% stake in Mafatlal Apparel Export Limited to build international client base across Middle East and Europe, supporting its global expansion strategy for garment exports and re-entering the defence uniform segment.
• GetSetLearn (GSL) and Jadooz MediacoreStrategic or Co-development Partner · 21 November 2025Arvind Mafatlal Group's EdTech venture GetSetLearn partnered with Jadooz Media, an entertainment startup, to deliver educational initiatives through mini theatres set up in the Northern belt of India including Shopian and Pulwama in Jammu and Kashmir.
• GetSetLearn (GSL) and TinkRworkscoreStrategic or Co-development Partner · 21 November 2025GetSetLearn has an exclusive partnership with TinkRworks, a US-based STEM education company, to bring STEM curriculum to India and South East Asia.
• Mafatlal Industries and NFTICALLYminorStrategic or Co-development Partner · 10 August 2022NFTICALLY partnered with Mafatlal Industries (part of Arvind Mafatlal Group) to launch metaverse gallery and NFT store in the fashion category, marking the company's entry into Web3/metaverse retail.

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Vardhman Textiles: Large vertically integrated Indian yarn and fabric manufacturer producing cotton and blended fabrics for apparel and institutional customers; directly comparable in fabric-mills scale and product mix.
• Donear Industries: Indian suiting and shirting fabric manufacturer with overlapping fabric-mills and menswear fabric portfolio; competes with Mafatlal in the domestic branded fabric market.
• Welspun India: Leading Indian home textile manufacturer with global footprint in bed, bath, and flooring; directly comparable to Mafatlal's home furnishing and hospitality/institutional textile business.
• KPR Mill: Vertically integrated Indian textile manufacturer producing yarn, knitted fabric, and readymade garments; comparable in scale of composite manufacturing and institutional uniform fabric supply.
• Raymond: Heritage Indian textile and apparel company with comparable suiting, shirting, and readymade garment portfolio; targets overlapping retail and institutional uniform customers in India.
• Arvind Mills: India's largest integrated denim and woven fabric manufacturer with similar suiting, shirting, and uniform fabric exposure; competes directly with Mafatlal in fabric supply to brands and government uniform programmes.
• Trident Group: Vertically integrated Indian textile player in home textiles, yarn, and paper; competes in the same home furnishing and institutional linen categories as Mafatlal.

Broad incumbents

• Bombay Dyeing: Heritage Indian textile brand in bed linen, towels, and home furnishings; similar legacy brand positioning and home textile portfolio to Mafatlal's Mafatlal Home Fashion range.
• Page Industries (Jockey licensee): Largest Indian innerwear and hosiery manufacturer with strong pan-India distribution; operates in adjacent apparel categories to Mafatlal's menswear and uniform segments.
• Aditya Birla Group (Grasim Industries - Textiles): Diversified Indian conglomerate with major textile and apparel (Linen Club, Jaypore) businesses; broader incumbent competing with Mafatlal across fabric, apparel, and lifestyle categories.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/mafatlalindustriesltd
• LinkedInlinkedin.com/company/mafatlalindustriesltd
• Instagraminstagram.com/mafatlalindustriesltd
• Xx.com/mafatlals

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

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 Mafatlal Industries