About Gokaldas Images
Gokaldas Images is an Industrial Goods & Manufacturing company based in Bengaluru (India) founded in 1979. Gokaldas Images is recognized as a pioneer in Indian apparel manufacturing. It operates on a Direct-to-Consumer (D2C) and Reseller / Distribution model. Gokaldas Images has raised $73.69 million across 4 funding rounds from investors including Yes Bank, Axis Bank and HDFC Bank. The company has 273 employees. Gokaldas Images was last valued at $252.9 million in September 2012. Its chief executive, as recorded, is Siju Varghese. Its Indian entity Gokaldas Images Private Limited reported revenue of ₹78.95 Cr. Gokaldas Images offers products and services including Innerwear & Lounge, Defence Apparel, Suits & Blazers, and Medical Apparel. Its focus areas include Consumer Goods, Apparel and Clothing Manufacturing. Its competitors include Gokaldas Exports, Eastman Exports and Shahi; 2 of its 3 listed competitors have raised funding.
Company details
Gokaldas Images, established in 1979, is known as a leading entity in Indian apparel manufacturing. The company is engaged in producing a diverse range of products including knits, outerwear, and tailored clothing. Operations are focused on innovation and technical expertise, with manufacturing facilities located in Bengaluru and Sircilla, India. Products are exported to global markets, particularly in the US and Europe, through strategic collaborations with major corporations. Emphasis is placed on sustainability, with greener manufacturing practices and life cycle analyses being conducted to reduce environmental impact. Specialized services are offered through a subsidiary in New York City to cater to US-based customers.
- Headquarters Bengaluru, India
- Employees 273
- Stage Minicorn
- SectorsIndustrial Goods & Manufacturing
- Email••••••••
- Phone•••• ••••
- Website gokaldas.com
- Social LinkedIn
- Legal Name Gokaldas Images Pvt. Ltd.
- Date of Incorporation 01 Feb, 1995
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹78.95 Cr
FY 2024 · -62% YoY
- Net Loss-₹18.99 Cr
FY 2024 · -24% margin
- EBITDA-₹18.18 Cr
FY 2024 · -23% margin
- Total Equity Funding$73.69M (USD)
in 4 rounds
- Latest Funding Round$9.05M (USD), Private Equity Round
Sep 2012
- InvestorsYes Bank
& 12 more
- Employee Count273
Associated legal entities of Gokaldas Images
Gokaldas Images is associated with 2 registered companies on The Company Check; the primary company is Gokaldas Images Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Gokaldas Images Private Limited CIN U18101KA1995PTC017081 | Active | 01 Feb 1995 | Bangalore, Karnataka | ₹78.9 Cr | 273 | 3 | View details |
| Safeseal Apparel Llp CIN AAT-3840 | Active | 17 Aug 2020 | Bangalore, Karnataka | 170 | 2 | View details |
Products & Services of Gokaldas Images
Gokaldas Images offers a comprehensive portfolio of products and services, including Innerwear & Lounge, Defence Apparel, Suits & Blazers, and Medical Apparel.
Innerwear and lounge clothing are manufactured for comfort.
Defence outerwear is produced for technical and durability needs.
Suits and blazers are crafted for professional tailored looks.
Medical apparel is designed for functionality and safety standards.
Funding Insights of Gokaldas Images
Gokaldas Images has successfully raised a total of $73.69M across 4 strategic funding rounds. The most recent funding activity was a Private Equity Round of $9.05 million completed in September 2012. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $73.69M
- Total Rounds 4
- Last Round Private Equity Round — $9.05M
- First Round $45M
(Jan 2006)
- Investors Count 13
All 4 funding rounds of Gokaldas Images 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 |
|---|---|---|---|---|---|
| Sep 2012 | $9.05M | Private Equity Round | $252.9M | Canara Bank | |
| Jun 2012 | $3.5M | Private Equity Round | – | India Alternatives | – |
| Sep 2011 | $16.14M | Private Equity Round | $18.15M | Axis Bank | |
| Jan 2006 | $45M | Private Equity Round | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Sep 2012 | $252.9M | •••••••• |
| Sep 2011 | $18.15M | •••••••• |
Last known valuation $252.9M (Sep 2012). 13 investors in total: 11 institutional and 2 angel.
Investors in Gokaldas Images
Gokaldas Images has secured backing from 13 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Yes Bank, Axis Bank and HDFC Bank.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Multiple sectors are invested in by the venture capital firm. | eximbankindia.in | Mumbai, India | ||
Private equity investment firm | 2011 | india-alt.com | Mumbai, India | |
Investments in multiple sectors are managed via private equity. | 1989 | iimlindia.com | Mumbai, India | |
Commercial bank | 1906 | canarabank.com | Mangaluru, India | |
Commercial banking and financial services are provided to diverse clients. | 1806 | sbi.co.in | Mumbai, India | |
IDBI Bank is engaged in providing banking and financial services. | 1964 | idbibank.in | Mumbai, India | |
Commercial and personal banking services are offered by HDFC Bank. | 1994 | hdfcbank.com | Mumbai, India | |
Provider of a commercial banking services | 1993 | axisbank.com | Mumbai, India | |
Commercial banking services are offered to individuals and businesses. | 2004 | yesbank.in | Mumbai, India |
Investor details for Gokaldas Images
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 Gokaldas Images Private Limited (Gokaldas Images)
Gokaldas Images Private Limited is the primary company behind Gokaldas Images. The boards of the 2 registered companies of Gokaldas Images currently have 4 directors; the longest-serving is Sumeer Jagadish Hinduja, appointed in 1995. 13 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sumeer Jagadish Hinduja DIN 00069704 | Managing Director | 01 Feb 1995 | 31 yrs 8 mo | Gokaldas Images Private Limited |
| Pratiksha Nambiar Hinduja DIN 08836519 | Designated Partner | 17 Aug 2020 | 6 yrs 2 mo | Safeseal Apparel Llp |
| Munish Jagadish Hinduja DIN 00070022 | Designated Partner | 17 Aug 2020 | 6 yrs 2 mo | Safeseal Apparel Llp |
| Sunil Raheja Vasudev DIN 03369477 | Director | 24 Mar 2021 | 5 yrs 7 mo | Gokaldas Images Private Limited |
People of Gokaldas Images
7 people are tracked at Gokaldas Images (4 in leadership, 3 in team); the tracked headcount is 273.
| Name | Role | Group |
|---|---|---|
Siju Varghese | CEO | Leadership |
Rajeev Kumar Nahata | Group CFO | Leadership |
Boni Varghese K Oommen | Vice President Legal | Leadership |
Suresh S | VP Manufacturing | Leadership |
Giri Iyer | Executive Material Accounting | Team |
Kanchan Kumar | Accountant | Team |
Mohan Gokuldas | Sr.executive HR | Team |
Complete people profiles for Gokaldas Images
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
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Verified entity values are shown only after access is granted.
Financials of Gokaldas Images
Figures of Gokaldas Images Private Limited, the primary company behind Gokaldas Images, for FY 2024. Revenue was ₹78.95 Cr (-62% year on year). Net loss was -₹18.99 Cr (-24% margin). EBITDA was -₹18.18 Cr (-23% margin). Revenue has grown at a compounded annual rate of -22% over three years and -12% over five years.
- ₹78.95 CrRevenue · FY 2024 · -62% YoY
- -₹18.99 CrNet loss · -24% margin
- -₹18.18 CrEBITDA · -23% margin
- ₹165 CrPaid-up capital
- 273Employees (provident fund records)
- -22%Revenue CAGR, 3 years
- -12%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Gokaldas Images Private Limited are on its company page.
Detailed financial statements for Gokaldas Images
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of Gokaldas Images
4 dated milestones of Gokaldas Images across 33 years, from founding to its latest funding, stage changes and deals.
- Founded Gokaldas Images is founded.
- Funding First funding round of $45.0M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Private Equity Round, of $9.1M.
Competitors of Gokaldas Images
Gokaldas Images has 3 listed competitors in our database, 2 of them funded. They include Gokaldas Exports, Eastman Exports and Shahi.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| gokaldasexports.com | 1979 | Bengaluru, India | 7,111 | Apparel and clothing are manufactured and exported on contract. | ||
| eastmanexports.com | 2003 | Tiruppur, India | $57.97M | 4,956 | Apparel products are manufactured under contract in India. | |
| shahi.co.in | 1974 | Faridabad, India | $18.61M | 27,538 | Garments are contract-manufactured by Shahi in apparel production. |
Detailed competitors of Gokaldas Images
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Gokaldas Images
The website of Gokaldas Images (gokaldas.com) receives about 1.7K visits a month.
- Monthly visits1.7K
▲ 15.9% vs previous month
Websites whose visitors overlap most with Gokaldas Images. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| gokaldasexports.com | 40% | 14.6K | #1,708,556 | View details |
Top companies in Contract & Outsourced Manufacturing
3 companies that operate in the same segment as Gokaldas Images (Contract & Outsourced Manufacturing) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Industrial components, mould bases, and storage solutions are manufactured globally. | 1986 | Coimbatore, Tamil Nadu, India | USD 28 M | USD 853.09 M | 3,060 | |
Single- and three-phase transformers are manufactured in Mumbai. | 1993 | Mumbai, Maharashtra, India | USD 114.37 M | 618 | ||
Apparel and clothing are manufactured and exported on contract. | 1979 | Bengaluru, Karnataka, India | USD 400 M | 40,280 |
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Frequently Asked Questions about Gokaldas Images
Gokaldas Images was founded in 1979 and raised its 1st funding round 27 years after it was founded.
Gokaldas Images is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Siju Varghese is the CEO of Gokaldas Images, as recorded in our data.
Gokaldas Images is a funded company, having raised a total of $73.69M across 4 funding rounds to date. The company's 1st funding round was a Private Equity Round of $45M, raised on Jan 2006.
Gokaldas Images has 273 employees.
The primary company behind Gokaldas Images, Gokaldas Images Private Limited, reported revenue of ₹78.95 Cr for FY 2024, down 62% year on year.
Gokaldas Images, established in 1979, is known as a leading entity in Indian apparel manufacturing. The company is engaged in producing a diverse range of products including knits, outerwear, and tailored clothing. Operations are focused on innovation and technical expertise, with manufacturing facilities located in Bengaluru and Sircilla, India. Products are exported to global markets, particularly in the US and Europe, through strategic collaborations with major corporations. Emphasis is placed on sustainability, with greener manufacturing practices and life cycle analyses being conducted to reduce environmental impact. Specialized services are offered through a subsidiary in New York City to cater to US-based customers.
Gokaldas Images's top competitors include Gokaldas Exports, Shahi and Eastman Exports.
Gokaldas Images offers Innerwear & Lounge, Defence Apparel, Suits & Blazers, and Medical Apparel.
Gokaldas Images has 13 investors. Key investors include Yes Bank, Axis Bank, HDFC Bank, IDBI Bank, and State Bank of India.
The valuation of Gokaldas Images is $252.9M as of Sep 2012.
Gokaldas Images is associated with 2 legal entities: Gokaldas Images Private Limited, Safeseal Apparel Llp.