Gokaldas Exports (GEX) has signed a collaborative agreement with BRFL Textiles (BTPL), a prominent fabric processing company based in Tarapur, Maharashtra. Under this agreement, GEX will invest Rs 50 crore initially with the potential for further investments totaling up to Rs 300 crore in multiple tranches. These funds will primarily support BTPL's working capital requirements, with a portion allocated towards capital expenditures. Additionally, the possibility of a merger or acquisition by June 30, 2025, is being explored, contingent upon specific conditions and regulatory approvals.
BTPL operates one of India’s largest fabric processing facilities, processing a variety of fibers such as cotton, viscose, linen, polyester, wool, nylon, modal, silk, and Tencel. Known for its advanced infrastructure and skilled design team, BTPL specialises in high-quality prints and yarn-dyed fabrics, catering to both knit and woven productions. This strategic investment is expected to enhance GEX's self-sufficiency in raw material procurement and bolster its capabilities in fabric processing, aligning well with the company's integrated business model.
Founded in 1979, Gokaldas Exports is a leading manufacturer and exporter of apparel, boasting an annual turnover of $290 million as of FY24. With over 30 production units and a workforce exceeding 51,000 employees, including recent acquisitions of Atraco and Matrix, GEX serves global apparel brands across more than 50 countries. The company remains committed to innovation and sustainability in its operations, aiming to solidify its position as a premier global apparel manufacturer and exporter.
