Garnet International

What Garnet International does

Garnet International Limited is a Mumbai-headquartered, BSE-listed (Scrip Code 512493) investment holding company established in 1981 and family-controlled under the Gaggar family (Suresh Gaggar as Chairman, Ramakant Gaggar as Managing Director). The company's stated business is deploying capital and capital-markets expertise into Indian businesses seeking long-term partnership across ten sectors: textiles, infrastructure & construction, IT & ITES, transport & logistics, industrial capital goods, chemicals, financial services, minerals, pharmaceuticals, and hospitality. It also operates a wholly-owned textile manufacturing subsidiary, Sukartik Clothing, based in Ludhiana, Punjab.

Sukartik Clothing runs a vertically integrated manufacturing facility of more than 35,000 sq.ft. that handles seamless knitting, dyeing, stitching, and boarding, certified to ISO 9001:2008 and ISO 14001:2004. It produces seamless garments, knitted fabrics, sportswear, lounge wear, inner wear, and compression wear, supplied under direct B2B relationships to enterprise Indian retail brands including Raymond, Pantaloons, ColorPlus, Clovia, Rupa, and Proline.

Garnet's commercial posture is sales-led and partnership-driven on the investment side, and direct-B2B manufacturing on the textile side. The firm maintains 11-50 employees, a registered office at Nariman Point in Mumbai, and investor relations disclosures including shareholding pattern, annual reports, and subsidiary financials. There is no disclosed proprietary technology platform, AI/ML capability, or public pricing model; revenue is not separately disclosed in the available sources.

Name

Garnet International

Legal name

Garnet International Limited

Website

https://garnetint.com

Company type

Public

Founded year

1981

Operating status

Operating

Headcount range

11–50 employees

Short description

Garnet International is a BSE-listed Mumbai-based investment holding company deploying capital across ten Indian sectors, with a wholly-owned textile subsidiary (Sukartik Clothing) supplying seamless garments to Indian retail brands.

Ownership category

akta.pro rank

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Supply Chain, Marketing or Sales, Others

Revenue model

1. Investment Returns: The company generates returns through strategic investments in various sectors including textiles, infrastructure, IT, logistics, chemicals, financial services, minerals, pharmaceuticals, and hospitality. The investment business involves partnering with businesses to create value.
2. Textile Manufacturing: Through subsidiary Sukartik Clothing in Ludhiana, Punjab, the company manufactures and sells seamless garments, knitted fabrics, sportswear, lounge wear, inner wear, and compression wear to retail brands.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Garnet International Ltd. is an investment holding company that deploys long-term capital and provides capital market expertise and active professional involvement into Indian businesses across sectors such as textiles, infrastructure, IT, logistics, chemicals, financial services, minerals, pharmaceuticals, and hospitality. Through its wholly-owned subsidiary Sukartik Clothing, it also manufactures seamless garments, knitted fabrics, sportswear, lounge wear, inner wear, and compression wear for enterprise retail brands from a vertically integrated facility in Ludhiana, Punjab.

Product overview

Garnet International Ltd. operates as an investment company with a diversified investment portfolio spanning multiple sectors including Textiles, Infrastructure & Construction, IT & ITES, Transports & Logistics, Industrial Capital Goods, Chemicals, Financial Services, Minerals, Pharmaceuticals, and Hospitality. The company creates value through partnerships and has a subsidiary in the textiles sector called Sukartik Clothing, which is involved in manufacturing seamless garments and knitted fabrics.

Differentiator

Problem solved

Functional benefit

Products and services

• Investment Partnership Services

Named customers6 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Sukartik ClothingcoreStrategic or Co-development PartnerSubsidiary company engaged in textile and garment manufacturing. Garnet International holds ownership in Sukartik Clothing which operates a vertically integrated manufacturing facility in Ludhiana, Punjab. The subsidiary manufactures seamless garments and knitted fabrics.

Scale indicators2 records

Recent moves3 records

Expansion highlights3 records

Broad incumbents

• JM Financial: Established Indian financial services group with investment banking, securities, and asset management businesses; a much larger incumbent compared to Garnet's small listed investment vehicle.
• Aditya Birla Capital: Diversified Indian financial services holding company with investments across multiple sectors, comparable in sectoral breadth but operating at far greater scale than Garnet.
• SBI Capital Markets: Large Indian investment banking and advisory firm that sponsors and invests in Indian businesses, representing a much larger scale incumbent in the same investment-partnership space.

Direct peers

• Mehta Securities: India-based financial services and investment company listed on Indian exchanges, broadly comparable to Garnet as a small listed investment business.
• Khandwala Securities: Small-cap India-listed investment and finance company with diversified equity holdings, comparable in size, listing venue, and investment focus.
• Banas Finance: Small-cap BSE-listed investment and trading company with diversified holdings, sharing Garnet's model of listed investment vehicle with operating subsidiaries.
• VLS Finance: India-listed investment and finance company holding diversified equity and securities portfolios, comparable in structure and small-cap listed status to Garnet International.
• Keynote Financial Services: BSE-listed Indian financial services and investment firm with diversified holdings, structurally similar to Garnet International's listed investment company model.
• Indo Thai Securities: Indian listed investment and securities firm operating as a small-cap holding entity on Indian exchanges, analogous to Garnet's listed investment structure.

Others

• Sukartik Clothing: Wholly-owned textile subsidiary of Garnet; comparable seamless-garment manufacturers in India such as Pratibha Syntex or Dollar Industries could serve as direct operating peers for the textile arm.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/garnet-international

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 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 Garnet International