About MAF Clothing
MAF Clothing is a Retail company based in Bengaluru (India) founded in 2009 by Munavar Jaliwala, Faizal Yunus Jaliwala, and Zohra Yunus Jaliwala. Brand of multi category apparel wear for women, men and kids. MAF Clothing has raised $1.98 million across 1 funding round from investors including Elara Capital. The company has 2,387 employees. MAF Clothing was last valued at $32.94 million in May 2015. Its Indian entity Maf Clothing Private Limited reported revenue of ₹662 Cr. MAF Clothing offers products and services including Summer Collection, Winter Collection, and High-Quality Fashion. 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
MAF Clothing, based in Bengaluru, focuses on producing consumer products, apparel brands, casual wear, multi category, men and women, and internet first brand. Brand of multi category apparel wear for women, men and kids. The company prioritizes operational excellence, innovation, and customer-centric approaches for success.
- Headquarters Bengaluru, India
- Employees 2,387
- Founders Munavar Jaliwala, Faizal Yunus Jaliwala, Zohra Yunus Jaliwala
- Stage Minicorn
- SectorsRetail
- Website mafclothing.com
- Social LinkedIn X
- Legal Name Maf Clothing Private Limited
- Date of Incorporation 26 Nov, 2008
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹662 Cr
FY 2025 · +21% YoY
- Net Profit₹10.29 Cr
FY 2025 · 2% margin
- EBITDA₹37.54 Cr
FY 2025 · 6% margin
- Total Equity Funding$1.98M (USD)
in 1 rounds
- Latest Funding Round$1.98M (USD), Seed
May 2015
- Investors
- Employee Count2,387
Associated legal entities of MAF Clothing
MAF Clothing is associated with 6 registered companies on The Company Check; the primary company is Maf Clothing Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Maf Clothing Private Limited CIN U18101KA2008PTC068870 | Active | 26 Nov 2008 | Bangalore, Karnataka | ₹662 Cr | 2,387 | 5 | View details |
| Mbh Properties Llp CIN AAN-7536 | Active | 13 Dec 2018 | Bangalore, Karnataka | ₹0.1 Cr | 2 | View details | |
| Mbh Projects Llp CIN AAO-1033 | Active | 23 Jan 2019 | Nelamangala, Karnataka | 2 | View details | ||
| Concu Collab Llp CIN AAO-4061 | Strike Off | 28 Feb 2019 | Bangalore, Karnataka | 4 | View details | ||
| Maf Enterprises Llp CIN AAY-9070 | Active | 06 Oct 2021 | Tumkur, Karnataka | 2 | View details | ||
| Maf-Srd Garments Llp CIN AAD-1466 | Active | 05 Jan 2015 | Tiruppur, Tamil Nadu | ₹29.5 Cr | 187 | 2 | View details |
Products & Services of MAF Clothing
MAF Clothing offers a comprehensive portfolio of products and services, including Summer Collection, Winter Collection, and High-Quality Fashion.
Trend-setting styles for outdoor wear using refined fabrics.
Warm clothing with elegant designs for comfortable fashion.
Innovative designs empowering individuality for various ages.
Funding Insights of MAF Clothing
MAF Clothing has successfully raised a total of $1.98M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.98 million completed in May 2015. 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 $1.98M
- Total Rounds 1
- Last Round Seed — $1.98M
- First Round $1.98M
(May 2015)
- Investors Count 1
All 1 funding rounds of MAF Clothing 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 |
|---|---|---|---|---|---|
| May 2015 | $1.98M | Seed | $32.94M | Elara Capital | – |
| Date | Valuation | Stage |
|---|---|---|
| May 2015 | $32.94M | •••••••• |
Last known valuation $32.94M (May 2015). 1 investors in total: 1 institutional.
Investors in MAF Clothing
MAF Clothing has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Elara Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Financial services including investment banking, equities, and asset management. | 2002 | elaracapital.com |
Investor details for MAF Clothing
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 Maf Clothing Private Limited (MAF Clothing)
Maf Clothing Private Limited is the primary company behind MAF Clothing. The boards of the 6 registered companies of MAF Clothing currently have 10 directors; the longest-serving is Ruksana Jaliwala, appointed in 2008. 10 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ruksana Jaliwala DIN 02455282 | Director | 22 Dec 2008 | 17 yrs 10 mo | Maf Clothing Private Limited |
| Tasneem Jaliwala Munavar DIN 02455279 | Director | 22 Dec 2008 | 17 yrs 10 mo | Maf Clothing Private Limited |
| Duraisamy Panneerselvi DIN 07060717 | Designated Partner | 05 Jan 2015 | 11 yrs 10 mo | Maf-Srd Garments Llp |
| Subbarayagounder Duraisamy DIN 07060714 | Designated Partner | 05 Jan 2015 | 11 yrs 10 mo | Maf-Srd Garments Llp |
| Faizal Yunus Jaliwala DIN 02397025 | Designated Partner | 13 Dec 2018 | 7 yrs 10 mo | Mbh Properties Llp, Mbh Projects Llp, Maf Enterprises Llp, Maf Clothing Private Limited |
| Munavar Yunus Jaliwala DIN 02834128 | Designated Partner | 13 Dec 2018 | 7 yrs 10 mo | Mbh Properties Llp, Mbh Projects Llp, Maf Enterprises Llp, Maf Clothing Private Limited |
| Jovine John DIN 08377882 | Designated Partner | 28 Feb 2019 | 7 yrs 8 mo | Concu Collab Llp |
| Koushik Bangalore Ramesh DIN 08377893 | Designated Partner | 28 Feb 2019 | 7 yrs 8 mo | Concu Collab Llp |
| Sneha Kiran Bhagwat DIN 09638089 | Partner | 28 Feb 2019 | 7 yrs 8 mo | Concu Collab Llp |
| Sharath Kulkarni DIN 11141763 | Partner | 28 Feb 2019 | 7 yrs 8 mo | Concu Collab Llp |
People of MAF Clothing
5 people are tracked at MAF Clothing (5 in leadership); the tracked headcount is 2,387.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder | Leadership | |
| Co-Founder | Leadership | |
Harish H M | General Manager Operations | Leadership |
| Director | Leadership |
Complete people profiles for MAF Clothing
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.
Financials of MAF Clothing
Figures of Maf Clothing Private Limited, the primary company behind MAF Clothing, for FY 2025. Revenue was ₹662 Cr (+21% year on year). Net profit was ₹10.29 Cr (2% margin). EBITDA was ₹37.54 Cr (6% margin). Revenue has grown at a compounded annual rate of +17% over three years and +11% over five years.
- ₹662 CrRevenue · FY 2025 · +21% YoY
- ₹10.29 CrNet profit · 2% margin
- ₹37.54 CrEBITDA · 6% margin
- ₹15.38 CrPaid-up capital
- 2,387Employees (provident fund records)
- +17%Revenue CAGR, 3 years
- +11%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Maf Clothing Private Limited are on its company page.
Detailed financial statements for MAF Clothing
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of MAF Clothing
3 dated milestones of MAF Clothing across 6 years, from founding to its latest funding, stage changes and deals.
- Founded MAF Clothing is founded.
- Funding First funding round of $2.0M.
- Milestone Reaches Minicorn status.
Competitors of MAF Clothing
MAF Clothing 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 MAF Clothing
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.
Top companies in Fashion & Lifestyle E-Commerce
3 companies that operate in the same segment as MAF Clothing (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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Frequently Asked Questions about MAF Clothing
MAF Clothing was founded in 2009 and raised its 1st funding round 6 years after it was founded.
MAF Clothing is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
MAF Clothing is a funded company, having raised a total of $1.98M across 1 funding round to date. The company's 1st funding round was a Seed of $1.98M, raised on May 2015.
MAF Clothing has 2,387 employees.
The primary company behind MAF Clothing, Maf Clothing Private Limited, reported revenue of ₹662 Cr for FY 2025, up 21% year on year.
MAF Clothing, based in Bengaluru, focuses on producing consumer products, apparel brands, casual wear, multi category, men and women, and internet first brand. Brand of multi category apparel wear for women, men and kids. The company prioritizes operational excellence, innovation, and customer-centric approaches for success.
MAF Clothing offers Summer Collection, Winter Collection, and High-Quality Fashion.
MAF Clothing has 1 investor. Key investors include Elara Capital.
The valuation of MAF Clothing is $32.94M as of May 2015.
MAF Clothing is associated with 6 legal entities: Maf Clothing Private Limited, Maf-Srd Garments Llp, Mbh Properties Llp and others.
The legal entities of MAF Clothing currently have 12 directors, including Duraisamy Panneerselvi, Subbarayagounder Duraisamy, Faizal Yunus Jaliwala and others.