About Indian Terrain
Indian Terrain is a publicly listed company based in Chennai (India) founded in 2000 by Venky Rajgopal. Multicategory casual apparel for men is offered online. The company has 261 employees. Its chief executive, as recorded, is Charath Narasimhan. Its website indianterrain.com draws about 186 thousand monthly visits. Its Indian entity Indian Terrain Fashions Limited reported revenue of ₹382 Cr. Indian Terrain offers products and services including Shirts, T-shirts, Trousers, Jeans, and Jackets. Its focus areas include Consumer Goods, Apparel Brands, Casual Wear and Multi category. Its competitors include Hopscotch, Bewakoof and Styched; 3 of its 3 listed competitors have raised funding.
Company details
Indian Terrain was founded in 2000 in Chennai, India, as an internet-first brand focused on mens casual wear. A diverse range of products, including jeans, t-shirts, shirts, sweaters, jackets, trousers, shorts, denims, and winter-wear, is provided alongside accessories such as belts, wallets, socks, sandals, and loafers. Operations center on e-commerce within the apparel sector, serving customers primarily in India.
- Headquarters Chennai, India
- Employees 261
- Founders Venky Rajgopal
- Stage Public
- SectorsRetail
- Email••••••••
- Phone•••• ••••
- Website indianterrain.com
- Social LinkedIn X Facebook Instagram
- Legal Name Indian Terrain Fashions Limited
- Market Cap₹153 Cr
INDTERRAIN · NSE
- Share Price₹29.93
-0.86% today
- Revenue₹378 Cr
FY 2025-26 · +10.9% YoY
- EBITDA₹35.66 Cr
Margin 9.4%
- Net Profit−₹5.02 Cr
FY 2025-26 · +88.4% YoY
- P/E (TTM)190.2x
P/B 0.8x
- ROE-2.7%
ROCE 8.0%
- Debt / Equity0.60
Interest cover 106.6x
- Latest Funding Round$12.11M (USD), Post-IPO
Feb 2015
- Employee Count261
Associated legal entities of Indian Terrain
Indian Terrain operates through Indian Terrain Fashions Limited, a listed company (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Indian Terrain Fashions Limited Listed CIN L18101TN2009PLC073017 | Active | 29 Sep 2009 | Chengalpattu, Tamil Nadu | ₹382 Cr | 285 | 8 | View details |
Products & Services of Indian Terrain
Indian Terrain offers a comprehensive portfolio of products and services, including Shirts, T-shirts, Trousers, Jeans, and Jackets.
Men's shirts for office and casual wear
Casual t-shirts made from durable fabrics
Men's trousers with various fits and styles
Denim jeans for everyday comfort
Men's jackets for winter and outdoor use
Funding Insights of Indian Terrain
- Total Rounds 1
- Last Round Post-IPO — $12.11M
- First Round $12.11M
(Feb 2015)
All 1 funding rounds of Indian Terrain 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 |
|---|---|---|---|---|---|
| Feb 2015 | $12.11M | Post-IPO | – | – | – |
Board of directors of Indian Terrain Fashions Limited (Indian Terrain)
Indian Terrain Fashions Limited is the primary company behind Indian Terrain. The board of Indian Terrain Fashions Limited currently have 6 directors; the longest-serving is Venkatesh Rajagopal, appointed in 2009. 15 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Venkatesh Rajagopal DIN 00003625 | Whole-time director | 29 Sep 2009 | 17 yrs 1 mo | Indian Terrain Fashions Limited |
| Rama Rajagopal DIN 00003565 | Director | 01 Oct 2013 | 13 yrs 1 mo | Indian Terrain Fashions Limited |
| Charath Ram Narsimhan DIN 06497859 | Managing Director | 08 Aug 2018 | 8 yrs 3 mo | Indian Terrain Fashions Limited |
| Nidhi Reddy DIN 00004081 | Director | 11 Feb 2021 | 5 yrs 9 mo | Indian Terrain Fashions Limited |
| Tarique Khalid Ansari DIN 00101820 | Director | 01 Apr 2024 | 2 yrs 7 mo | Indian Terrain Fashions Limited |
| Jandhyala Suresh DIN 10664467 | Director | 21 Apr 2026 | 6 mo | Indian Terrain Fashions Limited |
People of Indian Terrain
2 people are tracked at Indian Terrain (2 in leadership); the tracked headcount is 261.
| Name | Role | Group |
|---|---|---|
Venky Rajgopal | Founder | Leadership |
Charath Narasimhan | CEO & MD | Leadership |
Complete people profiles for Indian Terrain
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.
IPO & Listings of Indian Terrain
Indian Terrain is a publicly listed company on the NSE with ticker symbol INDTERRAIN in India, operating in the Consumer non-durables sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date11 Mar 2011
- Listed onBSE: 533329 · NSE: INDTERRAIN
- Listed entityIndian Terrain Fashions Limited
- Exchange sectorConsumer non-durables
- ISININE611L01021
- Share price₹29.65 (+0.51% on the day) · 2026-10-14
- Market capitalisation₹149 Cr
- Price to earnings333.9
- EPS (diluted, trailing year)₹0.09
- Volume (last session)11,280
Financials of Indian Terrain
Exchange-reported figures of Indian Terrain Fashions Limited, the listed company behind Indian Terrain (NSE: INDTERRAIN).
Financial Highlights
FY 2025-26 · StandaloneRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 378 | 341 | 456 | 501 | 336 | 213 | 370 |
| Revenue growth | +10.9% | -25.3% | -8.9% | +48.9% | +57.8% | -42.3% | - |
| EBITDA | 35.66 | (2.93) | 30.06 | 47.11 | 26.84 | (18.65) | 28.06 |
| EBITDA margin | +9.4% | -0.9% | +6.6% | +9.4% | +8.0% | -8.8% | +7.6% |
| Profit before tax | 2.71 | (41.01) | (10.16) | 10.50 | (7.73) | (54.25) | (11.50) |
| Net profit | (5.02) | (43.11) | (15.54) | 10.54 | (2.87) | (31.73) | (11.84) |
| Net profit margin | -1.3% | -12.7% | -3.4% | +2.1% | -0.9% | -14.9% | -3.2% |
| EPS (₹) | (0.97) | (9.33) | (3.37) | 1.60 | (0.54) | (7.48) | (2.72) |
| Balance sheet | |||||||
| Total assets | 312 | 328 | 366 | 346 | 328 | 335 | 360 |
| Net worth | 184 | 183 | 197 | 212 | 197 | 198 | 216 |
| Total debt | 102 | 117 | 143 | 109 | 109 | 114 | 123 |
| Cash & bank | 33.79 | 43.67 | 28.84 | 22.62 | 4.13 | 0.56 | 2.66 |
| Net working capital | 251 | 252 | 258 | 216 | 172 | 166 | 199 |
| Cash flow | |||||||
| Cash from operations | 19.42 | 19.24 | (14.01) | 9.62 | 22.48 | 14.10 | 13.92 |
| Cash from investing | (6.97) | 8.26 | 10.91 | 18.41 | 3.41 | 4.88 | 3.91 |
| Cash from financing | (25.25) | (14.89) | 2.99 | (30.54) | (23.23) | (19.76) | (22.32) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 107 | 81.74 | 107 | 101 | 101 | 68.78 | 89.53 | 96.88 |
| Revenue growth (YoY) | +5.6% | +18.8% | +19.0% | +4.7% | +17.6% | +0.6% | - | - |
| Other income | 0.83 | 1.49 | 1.22 | 0.78 | 0.88 | 1.26 | 1.23 | 0.92 |
| Total expenses | 97.01 | 75.66 | 95.73 | 90.01 | 92.45 | 67.77 | 86.15 | 91.87 |
| EBITDA | 9.58 | 6.08 | 10.80 | 11.39 | 8.51 | 1.01 | 3.38 | 5.01 |
| EBITDA margin | +9.0% | +7.4% | +10.1% | +11.2% | +8.4% | +1.5% | +3.8% | +5.2% |
| Depreciation | 2.82 | 2.92 | 3.24 | 3.42 | 3.59 | 3.83 | 4.04 | 4.31 |
| Interest | 4.66 | 4.51 | 5.24 | 4.69 | 4.65 | 4.48 | 4.41 | 5.47 |
| Profit before tax | 2.93 | 0.14 | 3.54 | 4.06 | 1.15 | (6.04) | (3.84) | (3.85) |
| Tax | (2.16) | 0.97 | 4.44 | 1.50 | 1.53 | 0.15 | (1.67) | (0.41) |
Financial Statements
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 107 | 81.74 | 107 | 101 | 101 | 68.78 | 89.53 | 96.88 |
| Revenue growth (YoY) | +5.6% | +18.8% | +19.0% | +4.7% | +17.6% | +0.6% | - | - |
| Other income | 0.83 | 1.49 | 1.22 | 0.78 | 0.88 | 1.26 | 1.23 | 0.92 |
| Total expenses | 97.01 | 75.66 | 95.73 | 90.01 | 92.45 | 67.77 | 86.15 | 91.87 |
| EBITDA | 9.58 | 6.08 | 10.80 | 11.39 | 8.51 | 1.01 | 3.38 | 5.01 |
| EBITDA margin | +9.0% | +7.4% | +10.1% | +11.2% | +8.4% | +1.5% | +3.8% | +5.2% |
| Depreciation | 2.82 | 2.92 | 3.24 | 3.42 | 3.59 | 3.83 | 4.04 | 4.31 |
| Interest | 4.66 | 4.51 | 5.24 | 4.69 | 4.65 | 4.48 | 4.41 | 5.47 |
| Profit before tax | 2.93 | 0.14 | 3.54 | 4.06 | 1.15 | (6.04) | (3.84) | (3.85) |
| Tax | (2.16) | 0.97 | 4.44 | 1.50 | 1.53 | 0.15 | (1.67) | (0.41) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 378 | 341 | 456 | 501 | 336 | 213 | 370 |
| Revenue growth | +10.9% | -25.3% | -8.9% | +48.9% | +57.8% | -42.3% | - |
| Other income | 4.14 | 4.76 | 3.93 | 5.51 | 7.34 | 11.37 | 3.85 |
| Total expenses | 342 | 344 | 426 | 454 | 309 | 232 | 342 |
| Employee cost | 23.52 | 22.30 | 23.03 | 23.23 | 19.86 | 20.28 | 21.65 |
| EBITDA | 35.66 | (2.93) | 30.06 | 47.11 | 26.84 | (18.65) | 28.06 |
| EBITDA margin | +9.4% | -0.9% | +6.6% | +9.4% | +8.0% | -8.8% | +7.6% |
| Depreciation | 14.08 | 17.94 | 22.28 | 22.77 | 23.13 | 23.32 | 22.79 |
| Interest | 23.01 | 24.90 | 21.87 | 19.35 | 18.78 | 23.65 | 20.62 |
| Profit before tax | 2.71 | (41.01) | (10.16) | 10.50 | (7.73) | (54.25) | (11.50) |
| Tax | 7.62 | 1.65 | 4.77 | 3.41 | (5.53) | (23.50) | (1.16) |
| Net profit | (5.02) | (43.11) | (15.54) | 10.54 | (2.87) | (31.73) | (11.84) |
| Net profit margin | -1.3% | -12.7% | -3.4% | +2.1% | -0.9% | -14.9% | -3.2% |
| EPS (₹) | (0.97) | (9.33) | (3.37) | 1.60 | (0.54) | (7.48) | (2.72) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 10.13 | 9.14 | 8.86 | 8.86 | 8.22 | 8.22 | 7.59 |
| Reserves & surplus | 174 | 155 | 188 | 203 | 186 | 188 | 209 |
| Shareholders' funds (net worth) | 184 | 183 | 197 | 212 | 197 | 198 | 216 |
| Secured loans | 83.60 | 86.17 | 87.93 | 44.10 | 46.89 | 43.52 | 42.15 |
| Unsecured loans | 18.17 | 31.20 | 55.40 | 65.18 | 62.43 | 70.79 | 80.88 |
| Total debt | 102 | 117 | 143 | 109 | 109 | 114 | 123 |
| Total liabilities | 312 | 328 | 366 | 346 | 328 | 335 | 360 |
| Assets | |||||||
| Gross block | 73.46 | 80.88 | 97.55 | 173 | 173 | 137 | 163 |
| Net block | 28.79 | 42.82 | 61.55 | 72.81 | 93.69 | 111 | 128 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 8.13 | 0.31 | 9.00 | 16.71 | 18.52 | 21.59 | 21.06 |
| Inventories | 74.73 | 70.75 | 97.46 | 127 | 82.66 | 62.22 | 76.78 |
| Sundry debtors | 248 | 237 | 277 | 258 | 224 | 226 | 251 |
| Cash & bank balances | 33.79 | 43.67 | 28.84 | 22.62 | 4.13 | 0.56 | 2.66 |
| Loans & advances | 22.02 | 15.71 | 11.68 | 9.20 | 6.07 | 6.39 | 10.66 |
| Total current assets | 378 | 367 | 415 | 416 | 317 | 296 | 341 |
| Total current liabilities | 127 | 114 | 157 | 200 | 145 | 130 | 143 |
| Net working capital | 251 | 252 | 258 | 216 | 172 | 166 | 199 |
| Total assets | 312 | 328 | 366 | 346 | 328 | 335 | 360 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 12.85 | 0.24 | 0.35 | 2.86 | 0.20 | 0.98 | 5.47 |
| Net cash from operating activities | 19.42 | 19.24 | (14.01) | 9.62 | 22.48 | 14.10 | 13.92 |
| Net cash from investing activities | (6.97) | 8.26 | 10.91 | 18.41 | 3.41 | 4.88 | 3.91 |
| Net cash from financing activities | (25.25) | (14.89) | 2.99 | (30.54) | (23.23) | (19.76) | (22.32) |
| Net change in cash | (12.80) | 12.61 | (0.11) | (2.51) | 2.66 | (0.78) | (4.49) |
| Closing cash | 33.79 | 43.67 | 28.84 | 22.62 | 4.13 | 0.56 | 2.66 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +10.9% | -25.3% | -8.9% | +48.9% | +57.8% | -42.3% | - |
| EBITDA growth | +1317.1% | -109.8% | -36.2% | +75.5% | +243.9% | -166.5% | - |
| PBT growth | +9998.0% | -303.6% | - | +9998.0% | +85.8% | -371.7% | - |
| Net income growth | +88.4% | -177.4% | -247.4% | +467.3% | +91.0% | -168.0% | - |
| Revenue CAGR (3Y) | -9.0% | +0.4% | +28.9% | +10.7% | -7.3% | -19.0% | +4.3% |
| EBITDA CAGR (3Y) | -8.9% | - | - | +18.9% | -19.2% | - | -11.2% |
| Profitability & leverage | |||||||
| Net income margin | -1.3% | -12.5% | -3.3% | +1.4% | -0.7% | -14.4% | -2.8% |
| Return on capital employed | +8.0% | -4.7% | +3.3% | +10.4% | +3.3% | -8.8% | +2.4% |
| Return on net worth | -2.7% | -22.5% | -7.3% | +5.2% | -1.1% | -14.8% | -5.3% |
| Debt / equity | 0.60 | 0.69 | 0.62 | 0.54 | 0.57 | 0.57 | 0.35 |
| Long-term debt / equity | 0.08 | 0.14 | 0.19 | 0.22 | 0.28 | 0.31 | 0.16 |
| Interest cover | 106.63 | -119.31 | 281.11 | 79.50 | 506.20 | -56.35 | 391.27 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 4.89 | 3.82 | 3.37 | 2.89 | 2.17 | 1.42 | 3.22 |
| Inventory turnover | 5.19 | 4.05 | 4.07 | 4.79 | 4.64 | 3.07 | 5.09 |
| Debtors turnover | 1.56 | 1.33 | 1.70 | 2.08 | 1.49 | 0.89 | 1.50 |
| EPS (₹) | (0.97) | (9.33) | (3.37) | 1.60 | (0.54) | (7.48) | (2.72) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 36.31 | 35.91 | 44.44 | 47.75 | 47.19 | 47.66 | 56.95 |
Timeline of Indian Terrain
3 dated milestones of Indian Terrain across 15 years, from founding to its latest funding, stage changes and deals.
- Founded Indian Terrain is founded.
- IPO Lists on the stock exchange (IPO).
- Funding First funding round of $12.1M.
Competitors of Indian Terrain
Indian Terrain has 3 listed competitors in our database, 3 of them funded. They include Hopscotch, Bewakoof and Styched.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| hopscotch.in | 2012 | Thane, India | $71M | 109 | Apparel and accessories for children are provided online. | |
| bewakoof.com | 2011 | Mumbai, India | $39.49M | 161 | Multi-category fashion products are sold by an internet-first brand. | |
| styched.in | 2019 | Bengaluru, India | $925,098 | Multi-category fashion for men and women is offered online. |
Detailed competitors of Indian Terrain
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Web traffic of Indian Terrain
The website of Indian Terrain (indianterrain.com) receives about 186.3K visits a month.
- Monthly visits186.3K
▲ 21% vs previous month
Websites whose visitors overlap most with Indian Terrain. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| jabong.com | 100% | 32.6K | #1,162,178 | View details | |
| myntra.com | 90% | 113.8M | #236 | View details | |
| cottonworld.net | 86% | 261.8K | #126,405 | View details | |
jackjones.in | jackjones.in | 86% | #54,510 | – | |
| muftijeans.in | 86% | 1M | #50,787 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Indian Terrain
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Top companies in Fashion & Lifestyle E-Commerce
3 companies that operate in the same segment as Indian Terrain (Fashion & Lifestyle E-Commerce) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Eyewear is offered online for men, women, and kids. | 2010 | Gurugram, Haryana, India | USD 1.04 B | USD 939.4 M | 18,984 | |
Fashion and lifestyle products are offered via an online marketplace. | 2007 | Bengaluru, Karnataka, India | USD 123.71 M | USD 639.15 M | 1,031 | |
Gold and silver jewellery, lab-grown diamonds, and accessories are retailed. | 2019 | Bengaluru, Karnataka, India | USD 144.58 M | USD 32.66 M | 711 |
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Related news about Indian Terrain
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Frequently Asked Questions about Indian Terrain
Indian Terrain was founded in 2000 and raised its 1st funding round 15 years after it was founded.
Indian Terrain is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Charath Narasimhan is the CEO of Indian Terrain, as recorded in our data.
Indian Terrain has 261 employees.
The primary company behind Indian Terrain, Indian Terrain Fashions Limited, reported revenue of ₹382 Cr for FY 2026, up 11% year on year.
Indian Terrain was founded in 2000 in Chennai, India, as an internet-first brand focused on mens casual wear. A diverse range of products, including jeans, t-shirts, shirts, sweaters, jackets, trousers, shorts, denims, and winter-wear, is provided alongside accessories such as belts, wallets, socks, sandals, and loafers. Operations center on e-commerce within the apparel sector, serving customers primarily in India.
Indian Terrain offers Shirts, T-shirts, Trousers, Jeans, and Jackets.
Yes, Indian Terrain is publicly traded on NSE under the ticker symbol INDTERRAIN.
Indian Terrain operates through Indian Terrain Fashions Limited.
The legal entities of Indian Terrain currently have 8 directors, including Charath Ram Narsimhan, Venkatesh Rajagopal, Nidhi Reddy and others.
The website of Indian Terrain receives about 186 thousand visits a month.