About Innovative Textiles
Innovative Textiles is an Industrial Goods & Manufacturing company based in Gurugram (India) founded in 1991. Garments are manufactured on a contract basis by Innovative Textiles. The company has 225 employees. Innovative Textiles was last valued at $24.19 million in August 2018. Its chief executive, as recorded, is Zia-Ul-Haq Khan. Its Indian entity Innovative Textiles Limited reported revenue of ₹98.32 Cr. Its focus areas include Retail, Contract Manufacturers, Fashion and Garments. Its competitors include Gokaldas Exports, Eastman Exports and Shahi; 2 of its 3 listed competitors have raised funding.
Company details
Innovative Textiles was established in 1991 in Gurugram, India, where operations as a contract manufacturer in the garments sector are conducted. Production services for apparel are provided to clients, with focus placed on textile manufacturing processes. The company is led by CEO Zia-Ul-Haq Khan, and activities remain centered in the Indian location to support garment assembly and related tasks.
- Headquarters Gurugram, India
- Employees 225
- Stage Minicorn
- SectorsIndustrial Goods & Manufacturing
- Email••••••••
- Phone•••• ••••
- Website innovativetextiles.com
- Social LinkedIn
- Legal Name Innovative Textiles Limited
- Date of Incorporation 17 Sep, 1993
- Jurisdiction Delhi, India
- Annual Revenue₹98.32 Cr
FY 2024 · -31% YoY
- Net Loss-₹20.49 Cr
FY 2024 · -21% margin
- EBITDA-₹8.72 Cr
FY 2024 · -9% margin
- Latest Funding Round$635.66K (USD), Unspecified
Aug 2018
- Employee Count225
Associated legal entities of Innovative Textiles
Innovative Textiles operates through Innovative Textiles Limited (amalgamated). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Innovative Textiles Limited CIN U74899DL1993PLC055266 | Amalgamated | 17 Sep 1993 | Delhi, Delhi | ₹98.3 Cr | 225 | 4 | View details |
Funding Insights of Innovative Textiles
- Total Rounds 1
- Last Round Unspecified — $635,656
- First Round $635,656
(Aug 2018)
- Investors Count 2
All 1 funding rounds of Innovative Textiles 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 |
|---|---|---|---|---|---|
| Aug 2018 | $635,656 | Unspecified | $24.19M | M I Textiles |
| Date | Valuation | Stage |
|---|---|---|
| Aug 2018 | $24.19M | •••••••• |
Last known valuation $24.19M (Aug 2018). 2 investors in total: 2 institutional.
Investors in Innovative Textiles
Innovative Textiles has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include M I Textiles and Veena Enterprises.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Manufacturer of polyester textured yarns | mitextiles.tcc.mode | Singapore, Singapore | ||
| veenaenterprises.tcc.mode |
Investor details for Innovative Textiles
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Board of directors of Innovative Textiles Limited (Innovative Textiles)
Innovative Textiles Limited is the primary company behind Innovative Textiles. The board of Innovative Textiles Limited currently have 3 directors; the longest-serving is Deepaksundaram Sundharam, appointed in 2022. 22 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Deepaksundaram Sundharam DIN 08140479 | Director | 29 Sep 2022 | 4 yrs | Innovative Textiles Limited |
| Vydesh Ramkumar DIN 09753402 | Managing Director | 07 Oct 2022 | 4 yrs | Innovative Textiles Limited |
| Ramjee Aruna DIN 10205769 | Director | 16 Jun 2023 | 3 yrs 4 mo | Innovative Textiles Limited |
People of Innovative Textiles
2 people are tracked at Innovative Textiles (2 in leadership); the tracked headcount is 225.
| Name | Role | Group |
|---|---|---|
Zia-Ul-Haq Khan | CEO | Leadership |
Dip Chaitanya | ZLD Plant Head | Leadership |
Complete people profiles for Innovative Textiles
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Verified entity values are shown only after access is granted.
Financials of Innovative Textiles
Figures of Innovative Textiles Limited, the primary company behind Innovative Textiles, for FY 2024. Revenue was ₹98.32 Cr (-31% year on year). Net loss was -₹20.49 Cr (-21% margin). EBITDA was -₹8.72 Cr (-9% margin). Revenue has grown at a compounded annual rate of -4% over three years and -16% over five years.
- ₹98.32 CrRevenue · FY 2024 · -31% YoY
- -₹20.49 CrNet loss · -21% margin
- -₹8.72 CrEBITDA · -9% margin
- ₹54.03 CrPaid-up capital
- 225Employees (provident fund records)
- -4%Revenue CAGR, 3 years
- -16%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Innovative Textiles Limited are on its company page.
Detailed financial statements for Innovative Textiles
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of Innovative Textiles
3 dated milestones of Innovative Textiles across 27 years, from founding to its latest funding, stage changes and deals.
- Founded Innovative Textiles is founded.
- Funding First funding round of $636K.
- Milestone Reaches Minicorn status.
Competitors of Innovative Textiles
Innovative Textiles 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 Innovative Textiles
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Verified entity values are shown only after access is granted.
Web traffic of Innovative Textiles
Websites that share an audience with Innovative Textiles (innovativetextiles.com).
Websites whose visitors overlap most with Innovative Textiles. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| google.com | 100% | 85.8B | #1 | View details |
Top companies in Contract & Outsourced Manufacturing
3 companies that operate in the same segment as Innovative Textiles (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 Innovative Textiles
Innovative Textiles was founded in 1991 and raised its 1st funding round 27 years after it was founded.
Innovative Textiles is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Zia-Ul-Haq Khan is the CEO of Innovative Textiles, as recorded in our data.
Innovative Textiles has 225 employees.
The primary company behind Innovative Textiles, Innovative Textiles Limited, reported revenue of ₹98.32 Cr for FY 2024, down 31% year on year.
Innovative Textiles was established in 1991 in Gurugram, India, where operations as a contract manufacturer in the garments sector are conducted. Production services for apparel are provided to clients, with focus placed on textile manufacturing processes. The company is led by CEO Zia-Ul-Haq Khan, and activities remain centered in the Indian location to support garment assembly and related tasks.
Innovative Textiles's top competitors include Gokaldas Exports, Shahi and Eastman Exports.
Innovative Textiles has 2 investors. Key investors include M I Textiles, and Veena Enterprises.
The valuation of Innovative Textiles is $24.19M as of Aug 2018.
Innovative Textiles operates through Innovative Textiles Limited.
The legal entities of Innovative Textiles currently have 4 directors, including Mahesh Kumar, Ramjee Aruna, Vydesh Ramkumar and others.