About Qualiance
Qualiance is a publicly listed company based in Mumbai (India) founded in 1994. It manufactures and exports woven knitted garments for sportswear outdoor clothing globally. It operates on a B2B and D2C model. The company has 201 employees. Its Indian entity Qualiance International Limited reported revenue of ₹80.95 Cr. Qualiance offers products and services including Active Wear, Outdoor Clothing, Workwear and Uniforms, and Luxury Apparel. Its focus areas include Textile and Apparel, Garment Manufacturing, Sportswear and Performance Apparel. Similar companies include Gokaldas Exports, Eastman Exports and Shahi; 2 of its 3 listed similar companies have raised funding.
Company details
Qualiance International, established in 1994, specializes in producing high-performance woven and knitted garments from Mumbai and Tiruppur, India. They use innovative fabrics and advanced manufacturing techniques to create functional apparel for sportswear, outdoor clothing, workwear, and luxury segments. The company focuses on sustainable practices and global exporting, working with suppliers worldwide to meet international quality standards and client needs.
- Headquarters Mumbai, India
- Employees 201
- Stage Public
- SectorsConsumer
- Email••••••••
- Website qualiance.com
- Social Facebook
- Legal Name Qualiance International Ltd.
- Market Cap₹170 Cr
QUALIANCE-SM · NSE
- Share Price₹126.30
+0.16% today
- Revenue₹76.89 Cr
FY 2025-26 · +44.9% YoY
- EBITDA₹17.05 Cr
Margin 22.2%
- Net Profit₹11.87 Cr
FY 2025-26 · +142.7% YoY
- ROE61.6%
ROCE 40.5%
- Debt / Equity1.51
Interest cover 24.7x
- Employee Count201
Associated legal entities of Qualiance
Qualiance is associated with 2 registered companies on The Company Check; the primary company is Qualiance International Limited, a listed company. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Qualiance International Limited Listed CIN U17299MH2006PLC164026 | Active | 24 Aug 2006 | Mumbai, Maharashtra | ₹81.0 Cr | 201 | 8 | View details |
| Qualiance International Pvt. Ltd. CIN U17299MH2006PTC164026 | 24 Aug 2006 | Mumbai, Maharashtra, India | View details |
Products & Services of Qualiance
Qualiance offers a comprehensive portfolio of products and services, including Active Wear, Outdoor Clothing, Workwear and Uniforms, and Luxury Apparel.
High-performance garments for active lifestyles and fitness
Functional apparel for outdoor activities and adventures
Durable clothing designed for professional work environments
Elegant garments meeting high-end international standards
Board of directors of Qualiance International Limited (Qualiance)
Qualiance International Limited is the primary company behind Qualiance. The board of Qualiance International Limited currently have 5 directors; the longest-serving is Vipul Badani, appointed in 2006. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Vipul Badani DIN 00773202 | Managing Director | 24 Aug 2006 | 20 yrs 2 mo | Qualiance International Limited |
| Bhoomin Rajesh Badani DIN 02416983 | Whole-time director | 22 Oct 2025 | 1 yr | Qualiance International Limited |
| Dharini Jatania DIN 11396552 | Director | 10 Dec 2025 | 11 mo | Qualiance International Limited |
| Kadambari Rushin Mehta DIN 11396577 | Director | 10 Dec 2025 | 11 mo | Qualiance International Limited |
| Dhriti Drolia DIN 09202912 | Additional Director | 01 Oct 2026 | 1 mo | Qualiance International Limited |
IPO & Listings of Qualiance
Qualiance is a publicly listed company on the NSE with ticker symbol QUALIANCE 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 Sep 2026
- Listed onNSE: QUALIANCE
- Listed entityQualiance International Ltd.
- Exchange sectorConsumer non-durables
- ISININE1XJ401012
- Share price₹191.95 (+3.37% on the day) · 2026-10-14
- Market capitalisation₹263 Cr
- Volume (last session)19,000
Financials of Qualiance
Exchange-reported figures of Qualiance International Limited, the listed company behind Qualiance (NSE: QUALIANCE-SM).
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 |
|---|---|---|---|---|
| Income statement | ||||
| Revenue | 76.89 | 53.07 | 37.23 | 35.45 |
| Revenue growth | +44.9% | +42.6% | +5.0% | - |
| EBITDA | 17.05 | 8.72 | 5.28 | 3.33 |
| EBITDA margin | +22.2% | +16.4% | +14.2% | +9.4% |
| Profit before tax | 16.06 | 6.27 | 3.40 | 1.32 |
| Net profit | 11.87 | 4.89 | 2.84 | 1.57 |
| Net profit margin | +15.4% | +9.2% | +7.6% | +4.4% |
| EPS (₹) | 11.99 | 4.95 | 2.87 | 10.52 |
| Balance sheet | ||||
| Total assets | 64.23 | 54.95 | 40.14 | 32.76 |
| Net worth | 34.65 | 24.44 | 20.31 | 4.67 |
| Total debt | 28.50 | 29.71 | 19.17 | 27.60 |
| Cash & bank | 0.78 | 0.65 | 1.66 | 0.94 |
| Net working capital | 41.80 | 32.95 | 19.80 | 15.93 |
| Cash flow | ||||
| Cash from operations | 7.84 | (4.45) | 2.85 | 1.12 |
| Cash from investing | (2.61) | (4.38) | (0.44) | (0.16) |
| Cash from financing | (4.99) | 7.71 | (1.60) | (0.29) |
Financial Statements
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Revenue | 76.89 | 53.07 | 37.23 | 35.45 |
| Revenue growth | +44.9% | +42.6% | +5.0% | - |
| Other income | 4.06 | 1.98 | 0.91 | 0.71 |
| Total expenses | 59.84 | 44.35 | 31.95 | 32.12 |
| Employee cost | 16.07 | 13.44 | 10.05 | 8.21 |
| EBITDA | 17.05 | 8.72 | 5.28 | 3.33 |
| EBITDA margin | +22.2% | +16.4% | +14.2% | +9.4% |
| Depreciation | 1.12 | 1.02 | 0.87 | 0.96 |
| Interest | 3.93 | 3.41 | 1.92 | 1.76 |
| Profit before tax | 16.06 | 6.27 | 3.40 | 1.32 |
| Tax | 4.19 | 1.39 | 0.56 | (0.25) |
| Net profit | 11.87 | 4.89 | 2.84 | 1.57 |
| Net profit margin | +15.4% | +9.2% | +7.6% | +4.4% |
| EPS (₹) | 11.99 | 4.95 | 2.87 | 10.52 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Equity & liabilities | ||||
| Share capital | 9.90 | 9.90 | 9.90 | 1.50 |
| Reserves & surplus | 24.75 | 14.54 | 10.41 | 3.17 |
| Shareholders' funds (net worth) | 34.65 | 24.44 | 20.31 | 4.67 |
| Secured loans | 28.37 | 27.66 | 13.62 | 11.84 |
| Unsecured loans | 0.13 | 2.05 | 5.55 | 15.76 |
| Total debt | 28.50 | 29.71 | 19.17 | 27.60 |
| Total liabilities | 64.23 | 54.95 | 40.14 | 32.76 |
| Assets | ||||
| Gross block | 31.35 | 30.13 | 28.04 | 22.91 |
| Net block | 18.03 | 18.37 | 17.95 | 13.91 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 24.14 | 29.54 | 14.87 | 12.95 |
| Sundry debtors | 15.99 | 2.07 | 3.63 | 4.18 |
| Cash & bank balances | 0.78 | 0.65 | 1.66 | 0.94 |
| Loans & advances | 5.65 | 3.27 | 2.64 | 1.72 |
| Total current assets | 46.56 | 35.53 | 22.80 | 19.79 |
| Total current liabilities | 4.76 | 2.58 | 3.00 | 3.86 |
| Net working capital | 41.80 | 32.95 | 19.80 | 15.93 |
| Total assets | 64.23 | 54.95 | 40.14 | 32.76 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Opening cash | 0.54 | 1.66 | 0.85 | 0.19 |
| Net cash from operating activities | 7.84 | (4.45) | 2.85 | 1.12 |
| Net cash from investing activities | (2.61) | (4.38) | (0.44) | (0.16) |
| Net cash from financing activities | (4.99) | 7.71 | (1.60) | (0.29) |
| Net change in cash | 0.24 | (1.12) | 0.81 | 0.66 |
| Closing cash | 0.78 | 0.65 | 1.66 | 0.94 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Growth | ||||
| Sales growth | +44.9% | +42.6% | +5.0% | - |
| EBITDA growth | +95.5% | +65.2% | +58.6% | - |
| PBT growth | +156.1% | +84.4% | +157.6% | +9997.0% |
| Net income growth | +142.7% | +72.2% | +80.9% | - |
| Revenue CAGR (3Y) | +29.4% | - | - | - |
| EBITDA CAGR (3Y) | +72.4% | - | - | - |
| Profitability & leverage | ||||
| Net income margin | +15.4% | +9.2% | +7.6% | +4.4% |
| Return on capital employed | +40.5% | +26.2% | +17.9% | +10.4% |
| Return on net worth | +61.6% | +41.3% | +49.8% | +105.3% |
| Debt / equity | 1.51 | 2.15 | 7.09 | 0.00 |
| Long-term debt / equity | 0.39 | 0.66 | 2.67 | 0.00 |
| Interest cover | 24.67 | 44.29 | 43.54 | 74.26 |
| Efficiency & per share | ||||
| Fixed asset turnover | 3.75 | 2.93 | 2.29 | 2.23 |
| Inventory turnover | 2.86 | 2.39 | 2.68 | 2.74 |
| Debtors turnover | 8.51 | 18.62 | 9.53 | 8.48 |
| EPS (₹) | 11.99 | 4.95 | 2.87 | 10.52 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 24.99 | 13.96 | 9.01 | (15.44) |
Similar companies to Qualiance
Qualiance has 3 listed similar companies 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 similar companies of Qualiance
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Top companies in Sportswear
3 companies that operate in the same segment as Qualiance (Sportswear) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online platform selling sportswear, fitness equipment, and accessories for workouts. | 2018 | Bengaluru, Karnataka, India | USD 30.04 M | 387 | ||
Cricket franchise operations, match engagements, and fan services in India. | 2008 | Mumbai, Maharashtra, India | USD 97.47 M | 7 | ||
Online platform offering arena booking, player search and e-commerce | 2013 | Bengaluru, Karnataka, India | USD 8.16 M | USD 1.07 K | 1 |
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Frequently Asked Questions about Qualiance
Qualiance was founded in 1994.
Qualiance is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Qualiance has 201 employees.
The primary company behind Qualiance, Qualiance International Limited, reported revenue of ₹80.95 Cr for FY 2026, up 45% year on year.
Qualiance International, established in 1994, specializes in producing high-performance woven and knitted garments from Mumbai and Tiruppur, India. They use innovative fabrics and advanced manufacturing techniques to create functional apparel for sportswear, outdoor clothing, workwear, and luxury segments. The company focuses on sustainable practices and global exporting, working with suppliers worldwide to meet international quality standards and client needs.
Qualiance's top competitors include Gokaldas Exports, Shahi and Eastman Exports.
Qualiance offers Active Wear, Outdoor Clothing, Workwear and Uniforms, and Luxury Apparel.
Yes, Qualiance is publicly traded on NSE under the ticker symbol QUALIANCE.
Qualiance operates through Qualiance International Limited.
The legal entities of Qualiance currently have 7 directors, including Vipul Badani, Dharini Jatania, Kadambari Rushin Mehta and others.