Shri Lakshmi Group

What Shri Lakshmi Group does

Revenue is generated across three streams: (i) textile and home furnishing wholesale and export sales to B2B buyers; (ii) defense equipment, ballistic products, and technical/security fabrics supplied primarily to the Indian Armed Forces through a wholly-owned subsidiary, Shri Lakshmi Defence Solutions Ltd. (operating since 2003), which claims to be the only Indian producer of composite-structured bullet/mine-proof vehicles via know-how from a US-based partner; and (iii) branded consumer retail through Weaves Retail, a wholly-owned subsidiary launched in 2008 as India's first eco-friendly textile brand for health-conscious families, offering innovative bed sheets (Vitamin E, water-repellent, mosquito-bacteria repellent, stain-free), terry towels, and home furnishings via company-owned showrooms, dedicated e-commerce sites, and a stated plan to open 300 retail outlets across India. GTM motion spans enterprise/B2B field sales for defense, retail showrooms for consumer home textiles, and direct-to-consumer e-commerce.

Name

Shri Lakshmi Group

Legal name

Shri Lakshmi Group

Website

https://shrilakshmi.in

Company type

Private

Founded year

1993

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Shri Lakshmi Group is an Indian integrated textile conglomerate manufacturing home furnishings, denim, terry towels, and technical textiles, supplying defense ballistic products to the Indian Armed Forces and operating the Weaves Retail eco-friendly home-textile brand.

Ownership category

akta.pro rank

Product category

Textile Manufacturing

NAICS

Textile Furnishings Mills (3141), Broadwoven Fabric Mills (313210), All Other Textile Product Mills (31499)

SIC

Textile Mill Products (2200), Broadwoven Fabric Mills, Cotton (2211)

akta.pro primary industry

Hospitality & Institutional Home Textiles Manufacturing (Hotel/Hospital Bedding & Towels) (IMAOAKAI)

akta.pro secondary industry

Bath & Kitchen Linen Manufacturing (Towels/Washcloths/Bathmats/Dish Towels) (IMAOAKAB)

Keywords

• Home textile manufacturing
• Technical textiles
• Defense equipment
• Ballistic fabrics
• Home furnishings

Headquarters

HQ city

Kanpur

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Textile and Home Furnishing Products: Manufacturing and sale of home furnishing products including bed linen, terry towels, denim fabric, embroidered fabrics through wholesale and retail channels. Revenue from both B2B and B2C sales.
2. Defense Equipment and Ballistic Products: Supply of defense equipment, technical security fabrics, and ballistic products to military and armed forces. Includes composite structured bullet/mine proof vehicles and customized defense solutions.
3. Branded Retail Operations: Retail sales through company-owned Weaves Retail stores offering eco-friendly textiles, terry towels, home furnishings, and organic textile products directly to consumers.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

Shri Lakshmi Group is a USD $400 million Indian conglomerate of seven companies operating across the textile value chain. It manufactures home furnishing products, denim fabric, terry towels, bed linen, cotton fusible interlining, embroidered fabric, and technical textile products through Shri Lakshmi Cotsyn Ltd. It supplies defense equipment, ballistic products, and technical/security fabrics for military usage through Shri Lakshmi Defence Solutions Ltd. It also sells eco-friendly branded home textiles directly to consumers through Weaves Retail.

Product overview

Shri Lakshmi Group is a USD$ 400 million group of seven diversified companies. The core portfolio consists of Shri Lakshmi Cotsyn Ltd. (textile manufacturing spanning home furnishings, denim, terry towels, bed linen, and technical textiles), Shri Lakshmi Defence Solutions Ltd. (defense equipment and ballistic products for military use), and Weaves Retail (eco-friendly textile retail brand). Shri Lakshmi Cotsyn serves as the parent operating company, with defence and retail operations structured as 100% subsidiaries.

Differentiator

Problem solved

Functional benefit

Brands

• Weaves Retail: India's first eco-friendly textile brand for health conscious families offering bedspreads, terry towels, home furnishing, organic textiles, bath accessories, and kitchen accessories.
• Shri Lakshmi Defence
• Shri Lakshmi Cotsyn

Products and services

• Integrated Textile Manufacturing (Home Furnishings, Denim, Terry Towels, Bed Linen) Manufactures and supplies home furnishing products, denim fabric, terry towels, bed linen, cotton fusible interlining, and embroidered fabric to wholesale and export markets. Production is centered in manufacturing clusters at Panipat (Haryana) and Karur (Tamil Nadu). Targeted at garment manufacturers, apparel brands, and global textile distributors.
• Weaves Retail Eco-Friendly Home Textiles Branded retail of eco-friendly home textile products including innovative bedspreads, bed sheets (Vitamin E skin care, water repellent, mosquito-bacteria repellent, stain free), terry towels, pillows, cushions, comforters, bath accessories, shower curtains, tablemats, table covers, and kitchen accessories. Targeted at health-conscious Indian families via 300 planned retail outlets and e-commerce websites.
• Defense Equipment and Ballistic Products Supplies ballistic products, technical and security-related fabrics, and composite structured bullet/mine proof vehicles to the Indian Armed Forces. Backed by technical know-how from a US-based company and strategic alliances with local and global manufacturers. ISO-standard certified facilities.

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered core.

• US Based CompanycoreTechnology or IntegrationTechnical know-how partnership with a US-based company for composite structured bullet/mine proof vehicle production capabilities. This partnership provides Shri Lakshmi Defence Solutions with advanced defense technology for indigenous manufacturing.
• Local and Global ManufacturerscoreStrategic or Co-development PartnerLong term strategic alliances with local as well as global manufacturers supporting the defense business operations and product supply chain. Affiliates around the world back the established network.

Scale indicators5 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Bombay Dyeing: Historic Indian textile company with home textiles and bedding — comparable heritage Indian textile manufacturer with home furnishing retail exposure.
• Raymond Limited: Diversified Indian textile and apparel conglomerate with fabric manufacturing and branded retail — comparable diversified Indian textile group structure spanning manufacturing and consumer-facing brands.
• Indo Count Industries: Indian home textile specialist focused on bed linen and sheets for global retail brands — directly competes with Shri Lakshmi Cotsyn in bed linen and shares export-oriented distribution channels.
• Arvind Limited: Major Indian textile conglomerate with denim, woven fabrics, and technical textiles — comparable to Shri Lakshmi's denim and woven textile manufacturing capabilities and Indian listed-company scale.
• Sutlej Textiles & Industries: Indian yarn and home textile manufacturer — comparable Indian listed textile manufacturer with overlap in home textile fabrics and yarn/interlining product categories.
• Century Textiles & Industries: Indian textile conglomerate with cotton textiles and home furnishings — comparable Indian listed textile group with multi-category product exposure.
• Trident Group: Indian integrated textile manufacturer with overlapping exposure to terry towels, bed linen, and yarn — comparable product portfolio and Indian manufacturing footprint, similar export/wholesale go-to-market.
• Welspun India: India's largest home textile exporter and leading terry towel and bed linen manufacturer — the most directly comparable peer in scale, product mix, and end-markets for Shri Lakshmi Cotsyn's home textile business.
• Himatsingka Seide: Indian home textile manufacturer with bed linen, drapery, and upholstery products — directly comparable in home textile product mix and Indian listed-company structure.
• Alok Industries: Large Indian integrated textile manufacturer with home textiles, fabrics, and apparel — comparable broad textile product portfolio and Indian listed-company structure.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries3 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 Shri Lakshmi Group