Private Equity PE-VC Fund Investments
Fabric manufacturer Jain Cord raises Rs.200-Cr from Lohia Family Office
Source Jain Cord (opens in a new tab)Indian Retailer (opens in a new tab)
Gurugram-based fabric manufacturer Jain Cord has raised INR 200 crore in a Series A funding round from the Lohia Family Office, operated under Indorama Capital Holdings Pte. Ltd. The transaction values Jain Cord at about INR 829 crore on a post-money basis.Founded in 1960, Jain Cord has capabilities in weaving, knitting, dyeing, finishing, and garment manufacturing and is known for its woven fabrics, such as corduroy and velveteen. It operates manufacturing facilities in Gurugram and Kosi near Mathura.The new funds will be used for working capital requirements, repayment of borrowings, capital expenditure, and business expansion.
Company website ↗ (opens in a new tab)
For FY25, Jain Cord Industries had reported about INR 783 Cr in Operating Income and about INR 20 Cr in PAT.