About Scotts Garments
Scotts Garments is a Retail company based in Bengaluru (India) founded in 2002. Fashion apparels for men and women are manufactured and imported. Scotts Garments has raised $3.63 million across 1 funding round from investors including Canbank VC. The company has 4 employees. Its chief executive, as recorded, is Naseer Ahmed. Its Indian entity Scotts Garments Limited reported revenue of ₹15.55 Cr. Scotts Garments offers products and services including Apparel Exporting and Textile Processing. Its focus areas include Wholesalers and Textile Exporters.
Company details
Scotts Garments was established in 2002 in Bengaluru, India, as a manufacturer and importer in the apparel sector. Woven products, knitted items, and denim are included in the product catalog, targeting men and women. Contract manufacturing services are offered to international brands such as Mango, HM, Only, GAP, and Zara, alongside national clients. Operations focus on fashion apparel production and importation.
- Headquarters Bengaluru, India
- Employees 4
- SectorsRetail
- Email••••••••
- Phone•••• ••••
- Website scottsgarments.com
- Social LinkedIn
- Legal Name Scotts Garments Limited
- Date of Incorporation 01 Mar, 2002
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹15.55 Cr
FY 2023 · +82% YoY
- Net Loss-₹17.36 Cr
FY 2023 · -112% margin
- EBITDA-₹8.41 Cr
FY 2023 · -54% margin
- Total Equity Funding$3.63M (USD)
in 1 rounds
- Latest Funding Round$3.63M (USD), Series A
Jan 2013
- Investors
- Employee Count4
Associated legal entities of Scotts Garments
Scotts Garments operates through Scotts Garments Limited (under liquidation). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Scotts Garments Limited CIN U18101KA2002PLC030185 | Under Liquidation | 01 Mar 2002 | Bangalore, Karnataka | ₹15.6 Cr | 4 | 5 | View details |
Products & Services of Scotts Garments
Scotts Garments offers a comprehensive portfolio of products and services, including Apparel Exporting and Textile Processing.
Apparel products are exported by the company through various facilities
Textile processing, including milling and laundry services, is handled by the company in dedicated units
Funding Insights of Scotts Garments
Scotts Garments has successfully raised a total of $3.63M through 1 strategic funding round. The most recent funding activity was a Series A round of $3.63 million completed in January 2013. 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 $3.63M
- Total Rounds 1
- Last Round Series A — $3.63M
- First Round $3.63M
(Jan 2013)
- Investors Count 1
All 1 funding rounds of Scotts Garments 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 |
|---|---|---|---|---|---|
| Jan 2013 | $3.63M | Series A | – | Canbank Venture Capital Fund | – |
1 investors in total: 1 institutional.
Investors in Scotts Garments
Scotts Garments has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Canbank VC.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments are managed for promising startups. | canbank.vc | Bengaluru, India |
Investor details for Scotts Garments
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 Scotts Garments Limited (Scotts Garments)
Scotts Garments Limited is the primary company behind Scotts Garments. The board of Scotts Garments Limited currently have 5 directors; the longest-serving is Nakkaguttala Hally Subbaraya Sastry Thyagarajan, appointed in 2018. 19 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Nakkaguttala Hally Subbaraya Sastry Thyagarajan DIN 08064927 | Nominee Director | 05 Jan 2018 | 8 yrs 10 mo | Scotts Garments Limited |
| Vimal Kumar Goenka DIN 07174517 | Director | 09 Oct 2019 | 7 yrs 1 mo | Scotts Garments Limited |
| Shitanshu Bipin Vora DIN 00054986 | Director | 09 Oct 2019 | 7 yrs 1 mo | Scotts Garments Limited |
| Sayed Habibulla DIN 08943329 | Additional Director | 05 Jul 2022 | 4 yrs 4 mo | Scotts Garments Limited |
| Madhugiri Venkatarayappa Sudarshan DIN 07954966 | IRP/RP/Liquidator | 14 May 2024 | 2 yrs 6 mo | Scotts Garments Limited |
People of Scotts Garments
1 people are tracked at Scotts Garments (1 in leadership); the tracked headcount is 4.
| Name | Role | Group |
|---|---|---|
Naseer Ahmed | CEO & MD | Leadership |
Complete people profiles for Scotts Garments
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 Scotts Garments
Figures of Scotts Garments Limited, the primary company behind Scotts Garments, for FY 2023. Revenue was ₹15.55 Cr (+82% year on year). Net loss was -₹17.36 Cr (-112% margin). EBITDA was -₹8.41 Cr (-54% margin). Revenue has grown at a compounded annual rate of +469% over three years and -48% over five years.
- ₹15.55 CrRevenue · FY 2023 · +82% YoY
- -₹17.36 CrNet loss · -112% margin
- -₹8.41 CrEBITDA · -54% margin
- ₹50.1 LakhPaid-up capital
- 4Employees (provident fund records)
- +469%Revenue CAGR, 3 years
- -48%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Scotts Garments Limited are on its company page.
Detailed financial statements for Scotts Garments
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 Scotts Garments
2 dated milestones of Scotts Garments across 11 years, from founding to its latest funding, stage changes and deals.
- Founded Scotts Garments is founded.
- Funding First funding round of $3.6M.
Top companies in B2B Marketplaces & Wholesale
2 companies that operate in the same segment as Scotts Garments (B2B Marketplaces & Wholesale) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online B2B marketplace connecting buyers and suppliers of diverse industrial products | 1999 | Noida, Uttar Pradesh, India | USD 38.2 M | USD 167.23 M | 6,222 | |
Digital procurement and supply solutions for construction materials are facilitated. | 2016 | Thane, Maharashtra, India | USD 783.57 M | USD 1.43 B | 2,645 |
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Frequently Asked Questions about Scotts Garments
Scotts Garments was founded in 2002 and raised its 1st funding round 11 years after it was founded.
Scotts Garments is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Naseer Ahmed is the CEO of Scotts Garments, as recorded in our data.
Scotts Garments is a funded company, having raised a total of $3.63M across 1 funding round to date. The company's 1st funding round was a Series A of $3.63M, raised on Jan 2013.
Scotts Garments has 4 employees.
The primary company behind Scotts Garments, Scotts Garments Limited, reported revenue of ₹15.55 Cr for FY 2023, up 82% year on year.
Scotts Garments was established in 2002 in Bengaluru, India, as a manufacturer and importer in the apparel sector. Woven products, knitted items, and denim are included in the product catalog, targeting men and women. Contract manufacturing services are offered to international brands such as Mango, HM, Only, GAP, and Zara, alongside national clients. Operations focus on fashion apparel production and importation.
Scotts Garments offers Apparel Exporting and Textile Processing.
Scotts Garments has 1 investor. Key investors include Canbank VC.
Scotts Garments operates through Scotts Garments Limited.
The legal entities of Scotts Garments currently have 5 directors, including Nakkaguttala Hally Subbaraya Sastry Thyagarajan, Sayed Habibulla, Madhugiri Venkatarayappa Sudarshan and others.