Esquire

What Esquire does

Esquire Knit Composite PLC is a Bangladesh-based, publicly listed (DSE and CSE) export-oriented knit garment manufacturer founded in 2001 as part of Esquire Group. The company operates a vertically integrated composite manufacturing facility at Kanchpur, Sonargaon, Narayanganj, encompassing yarn dyeing, knitting, fabric dyeing, industrial laundry, embroidery, printing, an in-house design studio, computer-aided pattern-making and marker development, automated cutting, sewing, and finishing — all under one roof. Production capacity stands at 20 tons of knit fabric per day and 1.6–2.0 million garment pieces per month, with an NABL-accredited laboratory (also accredited by ESPRIT, C&A and NEXT) for quality assurance.

The company is 100% export-oriented, selling directly to European and American chain stores, fashion brands and supermarkets including H&M, C&A, NEXT, and ESPRIT, and supplying FIFA World Cup 2018 jerseys for Germany, France, Spain and several other national teams plus Real Madrid and Barcelona. Revenue is generated in USD against a BDT cost base, providing a partial natural hedge. Certifications span ISO 9001, ISO 14001, ISO 45001, Oeko-Tex, GOTS, OCS and WRAP/SMETA, and a LEED-targeted green factory at Bhaluka, Mymensingh is in build-out with planned capacity of 15,000 workers, Tk576.63 crore investment (funded by Tk150 crore IPO proceeds, Tk346 crore IFC loan, and Tk86 crore director contributions), and initial production from August 2019 focused on intimates and activewear.

The business model is a B2B direct-export field-sales motion with negotiated per-order pricing, lean/Kaizen manufacturing cost discipline, and structured workforce development through UCEP Bangladesh, NARI Project and the Beyond Borders women-empowerment initiative. Post-IPO, the company is pursuing a capacity-doubling strategy at Bhaluka while group-level partnerships with Sharp Corporation and Fujitsu General signal broader Esquire Group diversification into consumer electronics manufacturing.

Name

Esquire

Legal name

Esquire Knit Composite PLC.

Website

https://esquireknit.com

Company type

Public

Founded year

2001

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Esquire Knit Composite PLC is a publicly listed Bangladesh-based vertically integrated knit garment manufacturer exporting 100% of output to European and American fashion brands and retailers including H&M, C&A, NEXT, and ESPRIT.

Ownership category

akta.pro rank

Product category

Knit Garment Manufacturing

NAICS

Apparel Knitting Mills (3151), Knit Fabric Mills (31324)

SIC

Knit Outerwear Mills (2253), Knitting Mills (2250)

akta.pro primary industry

Knitwear & Sweaters Manufacturers (CRAAAAAJ)

akta.pro secondary industry

Knitted Fabric Mills (IMAOABAB)

Keywords

• Knit garment manufacturing
• Composite textile facility
• Export-oriented garments
• Apparel manufacturing services
• Knit fabric production

Headquarters

HQ city

Dhaka

HQ country

Bangladesh

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Export-oriented garment manufacturing: 100% export-oriented knit garment factory generating revenue through manufacturing and exporting finished garments to international buyers including European and American chain stores, fashion brands, and supermarkets. Revenue is generated in foreign currency (USD) providing natural hedge against local currency borrowing costs.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Esquire Knit Composite PLC operates a vertically integrated knit composite garment manufacturing facility in Bangladesh, providing end-to-end production services from yarn dyeing, knitting, fabric dyeing, washing, embroidery, printing, design, patterns and markers, cutting, sewing, and finishing—all under one roof. The company manufactures men's, women's, and children's knit garments (including sportswear, intimates, and activewear) for export to European and American chain stores, fashion brands, and supermarkets.

Product overview

Esquire Knit Composite PLC operates as a vertically integrated knit composite garment manufacturing facility offering comprehensive 'one roof' services. The company provides an end-to-end manufacturing solution comprising 12 distinct production services: Yarn Dyeing, Knitting, Fabric Dyeing, Laboratory testing, Washing, Embroidery, Printing, Design Studio, Patterns and Markers, Sewing, Cutting, and Finishing. The composite facility covers the entire garment production cycle from raw yarn processing to finished apparel. The company produces men's, women's, and children's knit garments including sportswear, intimates, and active wear. Production capacity includes 20 tons of knit fabrics per month from knitting operations and 1.6 to 2.0 million garment pieces per month from sewing operations.

Differentiator

Problem solved

Functional benefit

Brands

• Beyond Borders: Women's empowerment initiative launched in 2018 aiming to change the trend of the apparel industry in Bangladesh by promoting female workforce in management positions and creating women leaders in mainstream business

Products and services

• Yarn Dyeing Yarn dyeing service with attention to raise and maintain quality yarn dyeing standards as part of the company's vertically integrated knit composite manufacturing process for international fashion brands.
• Knitting
• Fabric Dyeing
• Laboratory Testing
• Washing
• Embroidery
• Printing
• Design Studio
• Patterns and Markers
• Sewing
• Cutting
• Finishing
• Men's Knit Garments
• Women's Knit Garments

Quantifiable outcome

• 21% increase in EPS (from Tk2.40 to Tk2.91) for the 9 months ending March 2018 vs prior year period
• +2 more outcomes

Named customers13 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

Feature10 records

Partnerships

Eleven partnerships are on record, tiered minor and core.

• ARI (Affiliate Research Institute) / Toyota JapanminorStrategic or Co-development Partner · 3 September 2018CEO participated in ARI Business Study Program on Toyota Way of Management held in Nagoya, Japan (September 3-7, 2018), focusing on work motivation, Kaizen practices, and self-growth for workers.
• Sharp Corporation (Japan)minorStrategic or Co-development Partner · 10 August 2018Partnership for electronics manufacturing under a new Esquire Group initiative. Sharp and Fujitsu General have signed agreements with Esquire Group to produce refrigerators and air conditioners in Bangladesh. Land has been selected and shed construction completed.
• Fujitsu General (Japan)minorStrategic or Co-development Partner · 10 August 2018Partnership for electronics manufacturing under a new Esquire Group initiative. Sharp and Fujitsu General have signed agreements with Esquire Group to produce refrigerators and air conditioners in Bangladesh.
• UCEP BangladeshcoreStrategic or Co-development Partner · 1 May 2018Strategic partnership to source skilled machine operators from UCEP's training zones across Bangladesh (Dhaka, Rangpur, Barishal, Rajshahi, Gazipur, and Khulna). UCEP provides training curriculum while Esquire provides training consumables. Training is conducted on Industrial Sewing Operation trade for knitwear, with a 240-hour (3-month) duration. Esquire and UCEP jointly oversee recruitment and mobilization.
• NARI Project (Northern Areas Reduction of Poverty Initiative)coreStrategic or Co-development Partner · 1 January 2018Partnership to source skilled machine operators from NARI project which trains, provides transitional housing, counselling, and job placement services in garment factories for migrating poor and vulnerable women from 5 monga-prone districts in northern Bangladesh. Approximately 10,800 women recruited on a self-selection basis, with training, transitional housing at dormitories (accommodating 600 women for 6 months), and employment placement at EPZ garment factories.
• CleanCo BangladeshminorOthers · 1 January 2018Partnership with CleanCo, an outsourcing and professional cleaning services provider, for all cleaning services within Esquire premises including regular office cleaning, industrial cleaning, exterior and interior glass cleaning, water tank cleaning, and pest control.
• Mas Holdings (Sri Lanka)minorStrategic or Co-development Partner · 1 January 2018Factory visit to Mas Holdings in Sri Lanka — one of the finest garment factories globally — by Esquire's Executive Director and Head of HR. A 5-day visit program to observe production operations and HR practices. Knowledge gained is being applied, including self-learning module for machine operator training.
• BKMEA (Bangladesh Knitwear Manufacturers and Exporters Association)minorOthers · 1 January 2018BKMEA Chief Coordinator conducted productivity and efficiency training sessions at the Kanchpur factory. Ms. Rupali Biswas, Chief Coordinator BKMEA and SEIP, provided IE and lean manufacturing training to 40+ IE and production staff.
• BSDI (Bangladesh Skill Development Institute)minorStrategic or Co-development Partner · 1 January 2018Professional training provider that organized soft skill training for 20 management staff and a Soft Skill Fest at Daffodil International University covering leadership, sales, customer service, productivity, HR development, and communication skills.
• Toyota / Chubu Kensu Center (Japan)minorStrategic or Co-development Partner · 1 January 2018Esquire HR Head participated in a 2-week Solving Human & Organizational Problem (SHOP) program at Chubu Kensu Center (CKC) in Toyota, Nagoya, Japan with 23 participants from 15 countries. Covered problem-solving tools, teamwork, operation standards, and behavioral change techniques.
• Quantum FoundationminorOthers · 1 January 2018Quantum Foundation hosted a blood donation campaign at the Kanchpur factory premises, organized by Esquire Knit Composite for employee welfare and community health.

Scale indicators19 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Viyellatex Group: Bangladesh composite knit garment manufacturer with green factory initiatives serving global fashion brands. Closely comparable in product category, composite manufacturing model, and sustainability positioning.
• Epyllion Group: Bangladesh knit garment manufacturer with vertically integrated composite facilities serving global fashion brands. Direct competitor across knit product categories and similar customer roster.
• Ha-Meem Group: Bangladesh composite garment manufacturer producing knit and woven apparel for European and US fashion brands. Comparable scale, customer base, and export-oriented operating model.
• NR Group (M.N.R. Group): Bangladesh knit garment manufacturer with composite facilities exporting to European and American retailers. Comparable vertical integration and customer mix.
• Pacific Jeans Limited: Bangladesh denim and knit garment manufacturer exporting to global brands. Comparable in product category (denim/bottom weight knits) and customer base but with denim specialization.
• DBL Group: One of the largest Bangladesh knit composite garment exporters with vertically integrated facilities serving H&M, C&A, Inditex, and similar global buyers. Closest direct peer given similar product mix (knit apparel), export-only model, and vertical integration strategy.

Regional players

• MAS Holdings (Sri Lanka): Largest apparel manufacturer in Sri Lanka with vertically integrated, technology-forward composite facilities serving global intimate apparel and sportswear brands. Comparable composite manufacturing model and emphasis on women workforce development, but in a different South Asian geography.
• Hirdaramani Group (Sri Lanka): Vertically integrated apparel manufacturer in Sri Lanka serving global fashion brands. Comparable in vertical integration and customer base but operating in a different geography with higher labor costs.

Broad incumbents

• Square Textiles Limited: Bangladesh textile manufacturer producing yarn, fabric, and garments for domestic and export markets. Comparable textile operations but with broader product portfolio including spinning.
• Beximco Limited: Diversified Bangladesh conglomerate with large textile and apparel divisions alongside other industrial businesses. Comparable textile/apparel operations but operates as a broader conglomerate rather than pure-play knit garment exporter.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

Compliance11 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries4 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 Esquire