BUSINESS BRIEF
The company is one of India’s leading vegan leather fashion accessories players, established over three decades ago. It is a category leader in handbags, wallets, mobile cases, belts, and other lifestyle accessories, and is recognized as the only dedicated vegan leather brand in India. With a strong retail and e-commerce presence, the company enjoys high brand recall, catering to the fast-growing demand for sustainable and non-animal products.
Business Divisions
Yes. The business operates through multiple product-focused sub-brands to cater to diverse customer segments. Its portfolio includes 9+ product lines and 790+ SKUs across handbags, wallets, mobile pouches, belts, caps, luggage, and accessories. The company also manages both offline (~59%) and online (~41%) sales channels, leveraging exclusive brand outlets (EBOs), franchise stores, large format stores (LFS), distributors, and e-commerce platforms.
Products & Services
The company offers a wide range of vegan leather fashion accessories, including handbags, wallets, laptop/work bags, party bags, mobile phone cases and pouches, belts, backpacks, luggage, and caps. It also provides corporate gifting solutions and is expanding into new categories such as hard luggage, backpacks, and wedding collections.
Additional Information
- Products: 9+ product lines, 790+ SKUs across handbags (63% of revenue), wallets (22%), mobile cases (14%), and others (1%).
- Geographic presence: 29 states, 410+ stores, and omni-channel distribution.
- Growth Plans: Expanding into backpacks, wedding collections, and hard luggage; increasing offline presence via EBOs and franchises; launching new brands (affordable & sustainable categories); and expanding globally to the USA and GCC.
Proposal
Industry
Consumer Product-manufacturing
Sub Industry
Clothing, Apparel & Allied Manufacturing (Accessories)
Nature of Business
B2C, D2C
Sector
Manufacturing (Own Brand)
Reason for sell-off
Financial or Operational Challenges
Location
India
Region
Across India
Open For Dilution
100 % (Complete Buyout)
Top Customer
Deal Size
INR 135 - 140 Cr
Justification
Based on market multiple
Business Operation Information
Financial Information |
2025 (in INR Cr) | 2024 (in INR Cr) | 2023 (in INR Cr) |
---|---|---|---|
Sales |
83 | 102 | 166 |
EBITDA |
|||
PAT |
N.D |