About Cravatex Brands
Cravatex Brands is a Retail company based in Mumbai (India) founded in 1951, and was acquired by Metro Brands in October 2022. Lifestyle, sports, and wellness products are retailed by Cravatex Brands. The company has 145 employees. Cravatex Brands was last valued at $53.7 million in March 2022. Its chief executive, as recorded, is Sandeep Mukim. Its Indian entity Metro Athleisure Limited reported revenue of ₹12.94 Cr. Cravatex Brands offers products and services including Athleisure Clothing and Fitness Accessories. Its focus areas include Consumer Goods, Retail Chains, Fashion and Footwear.
Company details
Cravatex Brands retailer of lifestyle, sports, and wellness products, focusing on producing consumer products, retail chains, engaging in retail operations, dealing with fashion products, and footwear. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets.
- Headquarters Mumbai, India
- Employees 145
- Stage Acquired
- SectorsRetail
- Email••••••••
- Phone•••• ••••
- Website cravatexbrands.com
- Social LinkedIn
- Acquired by Metro Brands (Oct 2022)
- Legal Name Metro Athleisure Limited
- Date of Incorporation 22 Dec, 2016
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹12.94 Cr
FY 2025 · -14% YoY
- Net Profit₹89 Lakh
FY 2025 · 7% margin
- EBITDA₹1.43 Cr
FY 2025 · 11% margin
- Latest Funding Round$6.89M (USD), Unspecified
Mar 2022
- InvestorsMetro Brands
& 5 more
- Employee Count145
- Acquired byMetro Brands
(Oct 2022)
Associated legal entities of Cravatex Brands
Cravatex Brands operates through Metro Athleisure Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Metro Athleisure Limited CIN U51909MH2016PLC288788 | Active | 22 Dec 2016 | Mumbai, Maharashtra | ₹12.9 Cr | 145 | 7 | View details |
Products & Services of Cravatex Brands
Cravatex Brands offers a comprehensive portfolio of products and services, including Athleisure Clothing and Fitness Accessories.
Athleisure clothing is designed and sold for everyday wear, incorporating materials that promote durability and ease of movement
Fitness accessories are distributed for exercise routines, including items that support health and wellness activities
Funding Insights of Cravatex Brands
- Total Rounds 3
- Last Round Unspecified — $6.89M
- Investors Count 5
All 3 funding rounds of Cravatex Brands with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2022 | $6.89M | Unspecified | $53.7M | – | |
| Mar 2020 | $5M | Unspecified | $78.2M | Paragon Partners | – |
| Mar 2017 | Unspecified | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Mar 2022 | $53.7M | •••••••• |
| Mar 2020 | $78.2M | •••••••• |
Last known valuation $53.7M (Mar 2022). 6 investors in total: 4 institutional and 2 angel.
Investors in Cravatex Brands
Cravatex Brands has secured backing from 6 investors, including angel and venture fund investors. Prominent investors backing the company include Metro Brands, Paragon Partners and Proline Exports.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
A leading Indian mid-market private equity firm is operated. | 2015 | paragonpartners.in | Mumbai, India | |
RK Rajesh Kumar Batra | unknown_24a859c883c6472db | |||
RB Rohan Batra | Angel investor and entrepreneur, focused on tech startups in India. | unknown_e8f2b7f13a374c3e9 | ||
| prolineexports.tcc.mode | ||||
| rbfitnessandtrading.tcc.mode | ||||
Footwear, footcare, and accessories are retailed through multiple outlets. | 1977 | metrobrands.com | Mumbai, India |
Investor details for Cravatex Brands
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Metro Athleisure Limited (Cravatex Brands)
Metro Athleisure Limited is the primary company behind Cravatex Brands. The board of Metro Athleisure Limited currently have 5 directors; the longest-serving is Farah Malik Bhanji, appointed in 2022. 24 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Farah Malik Bhanji DIN 00530676 | Director | 01 Dec 2022 | 3 yrs 10 mo | Metro Athleisure Limited |
| Mohammed Iqbal Hasanally Dossani DIN 08908594 | Whole-time director | 01 Dec 2022 | 3 yrs 10 mo | Metro Athleisure Limited |
| Nissan Joseph DIN 06701972 | Director | 02 Jan 2023 | 3 yrs 9 mo | Metro Athleisure Limited |
| Kaushal Khodidas Parekh DIN 09794399 | CFO | 16 May 2023 | 3 yrs 5 mo | Metro Athleisure Limited |
| Deepa Sood DIN 01223536 | Company Secretary | 15 Jan 2025 | 1 yr 9 mo | Metro Athleisure Limited |
People of Cravatex Brands
2 people are tracked at Cravatex Brands (2 in leadership); the tracked headcount is 145.
| Name | Role | Group |
|---|---|---|
| Managing Director | Leadership | |
Sandeep Mukim | CEO | Leadership |
Complete people profiles for Cravatex Brands
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Cravatex Brands
Figures of Metro Athleisure Limited, the primary company behind Cravatex Brands, for FY 2025. Revenue was ₹12.94 Cr (-14% year on year). Net profit was ₹89 Lakh (7% margin). EBITDA was ₹1.43 Cr (11% margin). Revenue has grown at a compounded annual rate of -45% over three years and -44% over five years.
- ₹12.94 CrRevenue · FY 2025 · -14% YoY
- ₹89 LakhNet profit · 7% margin
- ₹1.43 CrEBITDA · 11% margin
- ₹97.83 CrPaid-up capital
- 145Employees (provident fund records)
- -45%Revenue CAGR, 3 years
- -44%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Metro Athleisure Limited are on its company page.
Detailed financial statements for Cravatex Brands
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Cravatex Brands
5 dated milestones of Cravatex Brands across 71 years, from founding to its latest funding, stage changes and deals.
- Founded Cravatex Brands is founded.
- Funding First funding round.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Unspecified, of $6.9M.
- Exit Acquired by Metro Brands.
Top companies in Retail Stores & Chains
2 companies that operate in the same segment as Cravatex Brands (Retail Stores & Chains) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online platform offering a wide range of baby, kids, and maternity products | 2010 | Pune, Maharashtra, India | USD 513.39 M | USD 911.07 M | 3,752 | |
Multi-format offline retail is operated in India. | 1997 | Mumbai, Maharashtra, India | USD 3.41 B | USD 280.87 K | 32 |
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Frequently Asked Questions about Cravatex Brands
Cravatex Brands was founded in 1951 and raised its 1st funding round 66 years after it was founded.
Cravatex Brands is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Sandeep Mukim is the CEO of Cravatex Brands, as recorded in our data.
Cravatex Brands has 145 employees.
The primary company behind Cravatex Brands, Metro Athleisure Limited, reported revenue of ₹12.94 Cr for FY 2025, down 14% year on year.
Cravatex Brands retailer of lifestyle, sports, and wellness products, focusing on producing consumer products, retail chains, engaging in retail operations, dealing with fashion products, and footwear. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets.
Cravatex Brands offers Athleisure Clothing and Fitness Accessories.
Cravatex Brands has 6 investors. Key investors include Metro Brands, Paragon Partners, Proline Exports, Rajesh Kumar Batra, and R B Fitness and Trading.
The valuation of Cravatex Brands is $53.7M as of Mar 2022.
Cravatex Brands operates through Metro Athleisure Limited.
Yes. Cravatex Brands was acquired by Metro Brands in October 2022.
The legal entities of Cravatex Brands currently have 6 directors, including Deepa Sood, Farah Malik Bhanji, Mohammed Iqbal Hasanally Dossani and others.