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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
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Industry

Consumer Product-manufacturing

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Sub Industry

Clothing, Apparel & Allied Manufacturing (Accessories)

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Nature of Business

B2C, D2C

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Sector

Manufacturing (Own Brand)

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Reason for sell-off

Financial or Operational Challenges

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Location

India

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Region

Across India

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Open For Dilution

100 % (Complete Buyout)

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Top Customer

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Deal Size

INR 135 - 140 Cr

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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
Business Documents