Shahi

Faridabad, India Founded: 1974 • Age: 52 yrs Minicorn India's Most Valuable
Garments are contract-manufactured by Shahi in apparel production.
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About Shahi

Shahi is an Industrial Goods & Manufacturing company based in Faridabad (India) founded in 1974 by Sarla Ahuja. Garments are contract-manufactured by Shahi in apparel production. Shahi has raised $18.61 million across 2 funding rounds from investors including Delhi Brass And Metal Works. Shahi was last valued at $363.47 million in March 2010. Its chief executive, as recorded, is Rags Ramanujam. Its website shahi.co.in draws about 57 thousand monthly visits. Its focus areas include Retail, Contract Manufacturers, Fashion and Garments. Its competitors include Gokaldas Exports, Eastman Exports and Cupid; 1 of its 3 listed competitors has raised funding.

Company details

Shahi was established in 1974 in Faridabad, India, as a contract manufacturer in the apparel sector. Vertical integration is maintained across operations including spinning, knitting, weaving, processing, garmenting, and design. Specialization occurs in producing denim, twill bottoms, soft wovens, and knitwear. Emphasis is given to fashion design, garment technology, and sustainability practices within global supply chains.

Recognitions & Rankings of Shahi

India's Most Valuable Companies 2025 edition · Source: Hurun India
Valuation
₹21,630 Cr
2024 #243
  • Headquarters Faridabad, India
  • Founders Sarla Ahuja
  • Stage Minicorn
  • Sectors
    Industrial Goods & Manufacturing
  • Email
    ••••••••
  • Phone
    •••• ••••
  • Website shahi.co.in
  • Social LinkedIn YouTube
Operational Areas
Industrial Goods & Manufacturing → Contract & Outsourced Manufacturing
Key Metrics
  • Total Equity Funding
    $18.61M (USD)

    in 2 rounds

  • Latest Funding Round
    $16.08M (USD), Series A

    Mar 2010

Apps and channels of Shahi

its YouTube channel Shahi Exports Pvt Ltd has 923 subscribers and 15 videos.

Shahi Exports Pvt Ltd
YouTube 923 subscribers 15 videos Nonprofits & Activism
Open channel

Videos from Shahi

The most watched videos on Shahi's YouTube channel, Shahi Exports Pvt Ltd (923 subscribers). Click a video to play it here.

In Conversation with Sarla Ahuja, Founder, Shahi Exports
5K views
Shahi Sustainability Report FY 2021
4K views
Shahi At Bharat Tex 2024
1.3K views
One Voice Many Languages | International Mother Language Day
1.1K views

More on Shahi Exports Pvt Ltd .

Funding Insights of Shahi

Shahi has successfully raised a total of $18.61M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $16.08 million completed in March 2010. 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 $18.61M
  • Total Rounds 2
  • Last Round Series A — $16.08M
  • First Round $2.53M

    (Mar 2006)

  • Investors Count 1

All 2 funding rounds of Shahi with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.

DateAmountTransaction NameValuationLead InvestorsInvestors
Mar 2010$16.08MSeries A$363.47MDelhi Brass And Metal Works
–
Mar 2006$2.53MSeries A$351.29MDelhi Brass And Metal Works
–
Valuation history
DateValuationStage
Mar 2010$363.47M••••••••
Mar 2006$351.29M••••••••

Last known valuation $363.47M (Mar 2010). 1 investors in total: 1 institutional.

Investors in Shahi

Shahi has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Delhi Brass And Metal Works.

All
Institutional
InvestorDescriptionFounded YearDomainLocation
Delhi Brass And Metal Works
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Investor details for Shahi

The complete investor list, round-by-round participation and investor portfolios require an active premium plan.

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Verified entity values are shown only after access is granted.

Board of directors of Shahi

The boards of the 6 registered companies of Shahi currently have 14 directors; the longest-serving is Mukesh Rao, appointed in 2015. 36 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Mukesh Rao
DIN 07111463
Director20 Mar 201511 yrs 7 moShahi Sterling Exports Private Limited
Balakrishna Shetty
DIN 07408511
Nominee Director17 Sep 20188 yrs 1 moAhp Apparel Private Limited
Anbazhagan Theerthagiri
DIN 07408539
Nominee Director17 Sep 20188 yrs 1 moAhp Apparel Private Limited, Ahp Garments Private Limited
Harish Ahuja
DIN 00047548
Designated Partner23 Sep 20206 yrs 1 moGarmex (Ind) Apparel Llp, Shahi Sterling Exports Private Limited
Bhupender Singh Kanwal
DIN 09040474
Director01 Feb 20215 yrs 9 moAhp Apparel Private Limited
Sumit Khatri
DIN 09538536
Director25 May 20224 yrs 5 moShahi Cross-Hatch Private Limited
Ajay Kataria
DIN 09748405
Director01 Oct 20224 yrs 1 moShahi Apparel Private Limited
Ramesh Kumar Chauhan
DIN 07498211
Designated Partner11 May 20233 yrs 5 moGarmex (Ind) Apparel Llp
Jalandhar Dattubuwa Giri
DIN 00047490
Designated Partner14 Jul 20233 yrs 3 moGarmex (Ind) Apparel Llp
Anant Ahuja
DIN 07282843
Designated Partner14 Jul 20233 yrs 3 moGarmex (Ind) Apparel Llp, Shahi Sterling Exports Private Limited, Ahp Apparel Private Limited
Rajesh Harishankar Paliwal
DIN 09749556
Director21 Aug 20233 yrs 2 moShahi Cross-Hatch Private Limited, Ahp Apparel Private Limited, Shahi Apparel Private Limited, Ahp Garments Private Limited
Vikas Gupta
DIN 10447324
Director02 Jan 20242 yrs 10 moAhp Garments Private Limited
Punish Katyal
DIN 10819686
Director25 Oct 20242 yrsShahi Sterling Exports Private Limited
Srikanth Narisetty
DIN 11495026
Nominee Director13 Feb 20268 moAhp Garments Private Limited

People of Shahi

144 people are tracked at Shahi (49 in leadership, 95 in team).

NameRoleGroup
Sarla Ahuja
FounderLeadership
Alagappan R
Chief Operating OfficerLeadership
Rags Ramanujam
CEO & DirectorLeadership
Harish Ahuja
Managing DirectorLeadership
Venkat Thiru
Co-CEO & COOLeadership
Pankaj Narula
Co-CEOLeadership
Kamal Kedia
Chief Financial OfficerLeadership
Hansraj Badjatya
Assistant General ManagerLeadership
Amit Bhatnagar
General ManagerLeadership
Sunil Lukose Jesso
VP, OperationsLeadership
Leena Thakkar
Chief Medical OfficerLeadership
Ruchi Asija
VP, MarketingLeadership
Prageeth Udayanga
Head Of Industrial Engineering (process And Technical) - Denim DivisionLeadership
Adibul Islam
Senior Vice PresidentLeadership
Prabhu Sundaram
General Manager - Operations StrategyLeadership
Gauri Sharma
General ManagerLeadership
Ashok Raman
Executive Vice PresidentLeadership
Pradeep Raj
Assistant General ManagerLeadership
Madhukar Reddy
Vice President OperationsLeadership
Kumud Munjal
Executive Vice PresidentLeadership

124 more people are available in the full profile.

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Complete people profiles for Shahi

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Financials of Shahi

Figures of Shahi Sterling Exports Private Limited, the primary company behind Shahi, for FY 2025. Revenue was ₹89.98 Cr (+10635% year on year). Net profit was ₹57.34 Cr (64% margin). EBITDA was ₹64.72 Cr (72% margin). Revenue has grown at a compounded annual rate of +651% over three years and +221% over five years.

  • ₹89.98 CrRevenue · FY 2025 · +10635% YoY
  • ₹57.34 CrNet profit · 64% margin
  • ₹64.72 CrEBITDA · 72% margin
  • ₹1 LakhPaid-up capital
  • +651%Revenue CAGR, 3 years
  • +221%Revenue CAGR, 5 years

Balance sheet, profit and loss, cash flow and ratios of Shahi Sterling Exports Private Limited are on its company page.

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Detailed financial statements for Shahi

Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.

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Timeline of Shahi

4 dated milestones of Shahi across 36 years, from founding to its latest funding, stage changes and deals.

  1. Founded Shahi is founded.
  2. Funding First funding round of $2.5M.
  3. Milestone Reaches Minicorn status.
  4. Funding Latest funding round, Series A, of $16.1M.

Competitors of Shahi

Shahi has 3 listed competitors in our database, 1 of them funded. They include Gokaldas Exports, Eastman Exports and Cupid.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
Gokaldas Exports
gokaldasexports.com1979Bengaluru, India7,111
Apparel and clothing are manufactured and exported on contract.
Eastman Exports
eastmanexports.com2003Tiruppur, India$57.97M4,956
Apparel products are manufactured under contract in India.
Cupid
cupidlimited.com1993Nashik, India224
Contract manufacturer of male & female condoms
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Detailed competitors of Shahi

The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.

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Verified entity values are shown only after access is granted.

Web traffic of Shahi

The website of Shahi (shahi.co.in) receives about 56.8K visits a month.

  • Monthly visits
    56.8K

    ▼ 11.8% vs previous month

Similar websites

Websites whose visitors overlap most with Shahi. Affinity shows how closely the audiences match.

WebsiteDomainAudience affinityMonthly visitsGlobal rankProfile
Pearl Global Industries
pearlglobal.com
100%
16.2K#1,646,259View details
theoddfactory.com
theoddfactory.com
95%
#1,830,633–
Cheer Sagar
cheersagar.com
94%
#2,988,039View details
Gokaldas Exports
gokaldasexports.com
93%
14.6K#1,708,556View details
CMAI
cmai.in
93%
#984,655View details
••••••••••••••••.com••%•.•M#•••••–
••••••••••••••••.com••%•.•M#•••••–
••••••••••••••••.com••%•.•M#•••••–
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All 30 similar websites and full traffic analytics for Shahi

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Verified entity values are shown only after access is granted.

Top companies in Contract & Outsourced Manufacturing

3 companies that operate in the same segment as Shahi (Contract & Outsourced Manufacturing) in India, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Craftsman Automation
Industrial components, mould bases, and storage solutions are manufactured globally.
1986Coimbatore, Tamil Nadu, IndiaUSD 28 MUSD 853.09 M43
KRYFS
Single- and three-phase transformers are manufactured in Mumbai.
1993Mumbai, Maharashtra, IndiaUSD 114.37 M618
Gokaldas Exports
Apparel and clothing are manufactured and exported on contract.
1979Bengaluru, Karnataka, IndiaUSD 400 M40,280
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Related news about Shahi

Shahi Exports Unveils New Brand Identity to Mark 50th Anniversary
Aninews • 1 year ago
Shahi Exports enters into JV with Taiwan sportswear firm
Thehindu • 2 years ago
Shahi Exports partners with Taiwan's Little King Global to manufacture synthetic performance textiles
Fashionnetwork • 2 years ago
India's Shahi Exports to invest Rs. 700 Cr in Bengaluru unit
Apparelresources • 2 years ago
Shahi Exports releases FY 2022 Sustainability Report
Apparelresources • 2 years ago
Uniqlo to expand its manufacturing bandwidth through 20 partners in India
Business-Standard • 3 years ago
Shahi Exports Becomes First Mill to Undergo a YESS Assessment
Shahi • 3 years ago
IOM - UN Migration and Shahi Exports Join Hands to Facilitate Safe Migration through Migrant Support Centre
Aninews • 3 years ago
Shahi Exports Wins Two International Green Apple Awards
Shahi • 3 years ago
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Complete news archive for Shahi

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Frequently Asked Questions about Shahi

Shahi was founded in 1974 and raised its 1st funding round 32 years after it was founded.

Shahi is headquartered in Faridabad, India. It is registered at Faridabad, Haryana, India.

Rags Ramanujam is the CEO of Shahi, as recorded in our data.

Shahi is a funded company, having raised a total of $18.61M across 2 funding rounds to date. The company's 1st funding round was a Series A of $2.53M, raised on Mar 2006.

Shahi was established in 1974 in Faridabad, India, as a contract manufacturer in the apparel sector. Vertical integration is maintained across operations including spinning, knitting, weaving, processing, garmenting, and design. Specialization occurs in producing denim, twill bottoms, soft wovens, and knitwear. Emphasis is given to fashion design, garment technology, and sustainability practices within global supply chains.

Shahi's top competitors include Gokaldas Exports, Cupid and Eastman Exports.

Shahi has 1 investor. Key investors include Delhi Brass And Metal Works.

The valuation of Shahi is $363.47M as of Mar 2010.

Shahi is associated with 6 legal entities: Garmex (Ind) Apparel Llp, Shahi Cross-Hatch Private Limited, Shahi Sterling Exports Private Limited and others.

The legal entities of Shahi currently have 14 directors, including Ramesh Kumar Chauhan, Jalandhar Dattubuwa Giri, Harish Ahuja and others.

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