OfBusiness completes 100% acquisition of Indian Design

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Indian Design, the Bengaluru-based garment and home textile manufacturer, is now fully owned by OfBusiness after the acquisition of the remaining 30% stake previously held by others. 

With this move, OfBusiness consolidates its apparel vertical, merging Indian Design into its broader platform that already spans metals, chemicals, agri-processing, and apparel. 

Indian Design reportedly generates annual revenues of around Rs 1,300 crore and supplies apparel and home-textile products to global brands such as H&M, GAP, Old Navy, Columbia and IKEA.  



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OfBusiness completes 100% acquisition of Indian Design


Indian Design, the Bengaluru-based garment and home textile manufacturer, is now fully owned by OfBusiness after the acquisition of the remaining 30% stake previously held by others. 

With this move, OfBusiness consolidates its apparel vertical, merging Indian Design into its broader platform that already spans metals, chemicals, agri-processing, and apparel. 

Indian Design reportedly generates annual revenues of around Rs 1,300 crore and supplies apparel and home-textile products to global brands such as H&M, GAP, Old Navy, Columbia and IKEA.  



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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