About Innovative Textiles
Innovative Textiles is a company based in Gurugram (India) founded in 1991. Innovative Textiles has raised $635.66 thousand across 1 funding round from investors including M I Textiles and Veena Enterprises. The company has 225 employees as of April 07, 2024. Innovative Textiles operates in a competitive market with competitors including Gokaldas Exports, Eastman Exports, Shahi, Radhamani Group and Cupid, among others.
- Headquarter Gurugram, India
- Employees 225 as on 07 Apr, 2024
- Stage Minicorn
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Sectors
Industrial Goods & Manufacturing
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Email
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Phone
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Website
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Social
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- Legal Name Innovative Textiles Limited
- Date of Incorporation 17 Sep, 1993
- Jurisdiction Delhi, Delhi, India
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Annual Revenue
$17.08 M (USD)-10.7as on Mar 31, 2023
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Net Profit
-$2.98 M (USD)-404.37as on Mar 31, 2023
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EBITDA
-$348.78 K (USD)-126.8as on Mar 31, 2023
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Total Equity Funding
$635.66 K (USD)
in 1 rounds
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Latest Funding Round
$635.66 K (USD), Unspecified
Aug 28, 2018
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Investors
M I Textiles
& 1 more
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Employee Count
225
as on Apr 07, 2024
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People of Innovative Textiles
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Funding Insights of Innovative Textiles
Innovative Textiles has successfully raised a total of $635.66K through 1 strategic funding round. The most recent funding activity was a Unspecified round of $635.66 thousand completed in August 2018. 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.
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 |
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Manufacturer of polyester textured yarns
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Investor details for Innovative Textiles
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Investments & Acquisitions by Innovative Textiles
Investment portfolio details for Innovative Textiles
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Financial Statements - Innovative Textiles
Detailed financials for Innovative Textiles
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Innovative Textiles Comparisons
Peer comparison for Innovative Textiles
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Competitors of Innovative Textiles
Innovative Textiles operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Gokaldas Exports, Eastman Exports, Shahi, Radhamani Group and Cupid, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Apparel and clothing are manufactured and exported on contract.
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Apparel products are manufactured under contract in India.
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Garments are contract-manufactured by Shahi in apparel production.
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Sustainable garment manufacturing solutions are provided comprehensively.
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Contract manufacturer of male & female condoms
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Contract manufacturing of bags, belts, wallets, and accessories is conducted.
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Detailed competitors of Innovative Textiles
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Latest news on Innovative Textiles
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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 current CEO of Innovative Textiles.
Innovative Textiles is a funded company, having raised a total of $635.66K across 1 funding round to date.
As of Apr 07, 2024, the latest employee count at Innovative Textiles is 225.
Annual revenue of Innovative Textiles is $17.08M as on Mar 31, 2023.
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, Radhamani Group and Brand Concepts.
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.