About Karmatex
Karmatex is an Industrial Goods & Manufacturing company based in Mumbai (India) founded in 2007. Exports knitted and woven garments for men, ladies, kids, including blends with value additions. It operates on a B2B model. The company has 62 employees. Its Indian entity Karmatex Apparels Private Limited reported revenue of ₹250 Cr. Karmatex offers products and services including Knitted Garments and Woven Garments. Its focus areas include Consumer, Apparel, Garment Export and Knitted and Woven. Its competitors include Bewakoof, Styched and Max Fashion; 2 of its 3 listed competitors have raised funding.
Company details
Karmatex is a garment firm specializing in exporting knitted and woven apparel for men, ladies, and kids, using materials like cotton and spandex. They handle orders with processes such as embroidery and tie dyes, ensuring quality and timely delivery. Based in Mumbai, India, they serve markets including Canada, Mexico, Europe, and Australia, with a focus on reasonable pricing and professional management. Their annual turnover reaches several million US dollars through B2B transactions.
- Headquarters Mumbai, India
- Employees 62
- SectorsIndustrial Goods & Manufacturing
- Email••••••••
- Website karmatex.com
- Legal Name Karmatex Apparels Private Limited
- Date of Incorporation 13 Jun, 2007
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹250 Cr
FY 2023 · +33% YoY
- Net Profit₹24.67 Cr
FY 2023 · 10% margin
- EBITDA₹37.38 Cr
FY 2023 · 15% margin
- Employee Count62
Associated legal entities of Karmatex
Karmatex operates through Karmatex Apparels Private Limited (amalgamated). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Karmatex Apparels Private Limited CIN U18101MH2007PTC171284 | Amalgamated | 13 Jun 2007 | Mumbai, Maharashtra | ₹250 Cr | 62 | 3 | View details |
Products & Services of Karmatex
Karmatex offers a comprehensive portfolio of products and services, including Knitted Garments and Woven Garments.
Exported knitted clothing for men, ladies, and kids with various features.
Exported woven apparel including shirts and blouses in different materials.
Board of directors of Karmatex Apparels Private Limited (Karmatex)
Karmatex Apparels Private Limited is the primary company behind Karmatex. The board of Karmatex Apparels Private Limited currently have 3 directors; the longest-serving is Manoj Vipinchand Jain, appointed in 2007.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Manoj Vipinchand Jain DIN 01182600 | Director | 13 Jun 2007 | 19 yrs 4 mo | Karmatex Apparels Private Limited |
| Arti Abhay Havaldar DIN 02296364 | Director | 13 Jun 2007 | 19 yrs 4 mo | Karmatex Apparels Private Limited |
| Subodh Niranjan Wadhwani DIN 02816178 | Director | 01 Apr 2010 | 16 yrs 6 mo | Karmatex Apparels Private Limited |
People of Karmatex
1 people are tracked at Karmatex (1 in leadership); the tracked headcount is 62.
| Name | Role | Group |
|---|---|---|
| Owner | Leadership |
Complete people profiles for Karmatex
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Financials of Karmatex
Figures of Karmatex Apparels Private Limited, the primary company behind Karmatex, for FY 2023. Revenue was ₹250 Cr (+33% year on year). Net profit was ₹24.67 Cr (10% margin). EBITDA was ₹37.38 Cr (15% margin). Revenue has grown at a compounded annual rate of 0% over three years and +12% over five years.
- ₹250 CrRevenue · FY 2023 · +33% YoY
- ₹24.67 CrNet profit · 10% margin
- ₹37.38 CrEBITDA · 15% margin
- ₹1.00 CrPaid-up capital
- 62Employees (provident fund records)
- 0%Revenue CAGR, 3 years
- +12%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Karmatex Apparels Private Limited are on its company page.
Detailed financial statements for Karmatex
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Competitors of Karmatex
Karmatex has 3 listed competitors in our database, 2 of them funded. They include Bewakoof, Styched and Max Fashion.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| 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. | ||
| maxfashion.in | 2006 | Bengaluru, India | 671 | Internet first brand of clothing, footwear, and accessories for women, men, and kids |
Detailed competitors of Karmatex
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Top companies in Textile & Yarn Production
3 companies that operate in the same segment as Karmatex (Textile & Yarn Production) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Bicycle manufacturing, sales, and accessory services in India. | 1956 | Gurugram, Haryana, India | USD 246.88 M | 2,472 | ||
Fabrics, synthetic yarns, viscose, chemicals, and linen products are manufactured. | 1947 | Ujjain, Madhya Pradesh, India | USD 18.65 B | 47,020 | ||
Home textile products are manufactured, retailed, and distributed globally. | 1985 | Bengaluru, Karnataka, India | USD 253.24 M | 8,060 |
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Related news about Karmatex
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Frequently Asked Questions about Karmatex
Karmatex was founded in 2007.
Karmatex is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Karmatex has 62 employees.
The primary company behind Karmatex, Karmatex Apparels Private Limited, reported revenue of ₹250 Cr for FY 2023, up 33% year on year.
Karmatex is a garment firm specializing in exporting knitted and woven apparel for men, ladies, and kids, using materials like cotton and spandex. They handle orders with processes such as embroidery and tie dyes, ensuring quality and timely delivery. Based in Mumbai, India, they serve markets including Canada, Mexico, Europe, and Australia, with a focus on reasonable pricing and professional management. Their annual turnover reaches several million US dollars through B2B transactions.
Karmatex's top competitors include Bewakoof, Styched and Max Fashion.
Karmatex offers Knitted Garments and Woven Garments.
Karmatex operates through Karmatex Apparels Private Limited.
The legal entities of Karmatex currently have 3 directors, including Manoj Vipinchand Jain, Subodh Niranjan Wadhwani, Arti Abhay Havaldar.