What Thomas Scott does

Thomas Scott (India) Ltd. is a publicly listed (NSE: THOMASCOTT) vertically integrated apparel manufacturer headquartered in Mumbai, established in 2015 as part of the Bang Overseas Limited group. The company designs, sources, and manufactures men's premium and smart-casual shirting across four owned brands — Thomas Scott, Hammersmith, Bang & Scott, and Italian Gold — with manufacturing facilities in Bangalore (India) and Macedonia (Europe) and raw materials imported from European mills including an exclusive Roberto Ferrari tie-up via the Italian Gold brand. Its fabric operations include 15 million meters of annual yarn-dyed cotton shirting capacity with global stock points and a 20,000-apparel-per-month European cut-and-sew facility.

The company's business model has shifted decisively toward B2C e-commerce, which accounts for 95% of revenue through end-to-end execution partnerships with Myntra, Ajio, and Amazon covering brand management, inventory, pricing, and fulfilment. A second monetization layer — licensed brand revenue — scaled from Rs 15 crore in FY23 to Rs 96.8 crore in FY25, reflecting platform demand for differentiated, exclusive brands. FY26 sales reached Rs 254.89 crore with net profit of Rs 19.30 crore (up 50.78% YoY), and Q4 FY26 sales grew 63.40% YoY at a 14.19% operating margin, supported by a 46% three-year revenue CAGR.

Thomas Scott is led by promoter Brijgopal Bang (Managing Director) alongside his son Vedant Bang (Managing Director, E-Commerce; CFA, ex-Deloitte) and a board including independent directors with FMCG, finance, and legal expertise. The company has announced a retail store expansion alongside its platform-led distribution and serves customers across India, Europe, North America, the Middle East, and Africa through its parent group's fabric network.

Name

Thomas Scott

Legal name

Thomas Scott (India) Ltd.

Website

https://thomasscott.org

Company type

Public

Founded year

2015

Operating status

Operating

Headcount range

251–500 employees

Short description

Thomas Scott (India) Ltd. is a vertically integrated apparel manufacturer that designs, sources, and sells premium men's shirting under owned brands (Thomas Scott, Hammersmith, Bang & Scott, Italian Gold) to consumers primarily through Myntra, Ajio, and Amazon, with manufacturing in India and Europe.

Ownership category

akta.pro rank

Product category

Men's Premium Shirting and Apparel Manufacturing

NAICS

Apparel Manufacturing (315), Clothing and Clothing Accessories Retailers (45811)

SIC

Apparel & Other Finishd Prods Of Fabrics & Similar Matl (2300), Men's & Boys' Furnishgs, Work Clothg, & Allied Garments (2320)

akta.pro primary industry

Tops & Shirts Cut & Sew (T-Shirts/Shirts/Blouses) (IMAOAEAE)

akta.pro secondary industries

Dresses, Skirts & Tailored Apparel Cut & Sew (Suits/Formalwear) (IMAOAEAF), Textiles, Fabrics, Trims & Components Suppliers (CRAAAAAL)

Keywords

• Men's premium shirts
• Formal shirting apparel
• Yarn-dyed fabrics
• Men's clothing manufacturing
• Casual business shirts

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices5 records

Markets served

GTM type

B2C

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. B2C E-commerce Apparel Sales: Sale of apparel through major e-commerce platforms including Myntra, Ajio, and Amazon. The company manages end-to-end execution including brands, inventory, pricing, and fulfilment. B2C operations account for 95% of total revenue.
2. Licensed Brand Revenue: Revenue from licensed brands growing from Rs 15 crore in FY23 to Rs 96.8 crore in FY25, demonstrating significant growth in brand licensing partnerships with e-commerce platforms.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels1 record

Core offering

Thomas Scott (India) Ltd. is a vertically integrated apparel manufacturer that designs, produces, and markets premium men's shirts and yarn-dyed cotton shirting fabrics through four owned brands (Thomas Scott, Hammersmith, Bang & Scott, Italian Gold). The company manufactures at facilities in Bangalore, India and Macedonia, Europe, with capacity of 15 million meters of yarn-dyed fabric annually and 20,000 apparels per month in Macedonia, serving major Indian e-commerce platforms (Myntra, Ajio, Amazon) and direct consumers globally.

Product overview

Thomas Scott (India) Ltd is a vertically integrated apparel supplier and manufacturer offering a portfolio of shirt brands. The company operates manufacturing units in Bangalore (India) and Macedonia (Europe), producing men's formal and casual wear. The product portfolio includes the core Thomas Scott brand (luxury and business casual shirts), the Hammersmith sub-brand (premium dress shirts in Luxury, Exotica, Classic, and Smart categories with MRP ranging from Rs1999 to Rs3499), the Bang & Scott brand (yarn dyed cotton shirting fabrics and shirts with 20,000 monthly apparel capacity), and the Italian Gold brand (premium Italian fabric sourced through Roberto Ferrari partnership). The company primarily serves major e-commerce platforms including Myntra, Ajio, and Amazon, with licensed brand revenues growing from Rs15 crore in FY23 to Rs96.8 crore in FY25.

Differentiator

Problem solved

Functional benefit

Brands

• Hammersmith: Premium luxury shirt collection featuring Dress Shirts Luxury (Imperial 200s fabric, Rs 3199-3499), Dress Shirts Exotica (Egyptian cotton, Rs 2799-2999), Dress Shirts Classic (Rs 2399-2499), and Smart Shirts (Rs 1999-2299)
• Bang & Scott
• Italian Gold

Products and services

• Thomas Scott Premium Shirts Premium formal and business-casual men's shirts crafted to exacting standards with Italian tailoring aesthetics, finished down to the tiniest detail for a designer look. Designed for men seeking luxury shirting and sophisticated business-casual wear.
• Hammersmith Premium Dress Shirts

Quantifiable outcome

• 46% revenue CAGR over three years
• +4 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Roberto FerraricoreStrategic or Co-development PartnerItalian Gold is a sourcing facility of Bang Overseas Ltd. with a tie up with Roberto Ferrari to solely market its premium fabric in India. Roberto Ferrari is an Italian premium fabric brand whose quality is luxurious and supreme, giving access to Italian textile expertise.
• Bang Overseas LimitedcoreStrategic or Co-development PartnerBang Overseas Limited is the parent/public listed company (BSE and NSE listed) that established Bang & Scott brand in 1992. Thomas Scott is associated with this group for fabric sourcing and brand operations. BOL has annual sales of 15 million meters with stock points in India, China and Macedonia.
• Bang Apparels & Garments LLPcoreStrategic or Co-development PartnerMrs. Vandana Bang is a Designated Partner of Bang Apparels & Garments LLP, indicating an operational partnership within the group structure.
• Vedanta Creations LimitedminorStrategic or Co-development PartnerMr. Brijgopal Bang and Mr. Vedant Bang serve as Directors on the Board of Vedanta Creations Limited, indicating inter-company director relationships within the group.
• Artis Fintec Private LimitedminorStrategic or Co-development PartnerMr. Brijgopal Bang serves as a Director on the Board of Artis Fintec Private Limited, indicating inter-company director relationship.
• KFin Technologies Pvt. Ltd.minorOthersRegistrar and Transfer Agent for Thomas Scott India Limited, providing share registry and investor services from their Hyderabad office.

Scale indicators12 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Indian Terrain Fashions: Indian Terrain is a publicly listed Indian men's premium casual and formal wear brand competing in similar price points to Thomas Scott. Comparable channel mix including Myntra and Amazon distribution, and similar focus on men's shirts and trousers.
• Allen Solly (Aditya Birla Fashion): Allen Solly is a premium casual and formal wear brand under Aditya Birla Fashion & Retail that directly competes with Thomas Scott's semi-formal and smart casual shirt lines. Comparable price positioning and target consumer (premium urban professionals).
• Van Heusen (Aditya Birla Fashion): Van Heusen is a leading premium formal wear brand in India under Aditya Birla Fashion & Retail, competing head-to-head with Thomas Scott and Hammersmith in dress shirts, suits, and trousers. Direct competitor with similar premium price points and platform distribution.
• Peter England (Aditya Birla Fashion): Peter England is a mass-to-mid-premium men's formal wear brand from Aditya Birla Fashion, competing with the lower tiers of Thomas Scott's smart and classic shirt ranges. Comparable B2C platform distribution on Myntra and Ajio.
• Blackberrys (Madura F&L): Blackberrys is an Indian premium men's formal and casual wear brand specializing in shirts, trousers, blazers, and suits. Directly comparable product portfolio, price tier, and target consumer to Thomas Scott's premium offerings.
• Louis Philippe (Madras): Louis Philippe is a premium men's formal and casual wear brand from the Aditya Birla group, directly competing with Thomas Scott in dress shirts, blazers, and chinos on Myntra, Ajio, and Amazon. Comparable premium positioning and B2C platform distribution model.
• Arrow (PVH Corp.): Arrow is a heritage men's formal shirting brand operating in India through PVH Corp., directly competing with Thomas Scott and Hammersmith in the premium formal shirt category across Myntra, Ajio, and offline retail. Comparable product positioning, price tier (Rs 1500-4000), and target customer.
• Siyaram's Silk Mills: Siyaram's is a leading Indian textile and branded apparel company manufacturing shirting, suiting, and readymade garments. Comparable vertically integrated fabric-to-apparel model and men's formal wear positioning, with similar India-domestic B2C focus.
• Park Avenue (Raymond): Park Avenue is Raymond's premium men's formal and casual wear brand with shirts, trousers, and deodorants, competing directly with Thomas Scott in dress shirts and premium men's wear at comparable price points across e-commerce platforms and offline retail.

Broad incumbents

• Raymond Limited: Raymond is India's largest integrated worsted suiting and shirting fabric manufacturer, with branded apparel, retail, and tools businesses. While much larger than Thomas Scott, Raymond's fabric and premium men's apparel divisions are direct comparables, especially given the parent-subsidiary link to Bang Overseas.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/thomas-scott---india

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 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 Thomas Scott