Radhamani Group

Radhamani Group

Provider of complete sustainable garment manufacturing solutions

Founded

2008

Headquarters

Bengaluru (India)

Status

Series A

Company Details

Website

Socials

Email

N/A

Phone

N/A

Radhamani Group is a prominent player in the textile and garment industry in India, known for its innovative approach and strong export capabilities. The group operates through various entities, including Radhamani Exports and Radhamani Textiles, focusing on manufacturing and exporting high-quality textiles and garments.

Key Entities

  1. Radhamani Exports Private Limited:

    • Specializes in exporting Indian fabrics to European brands.

    • Established itself as a preferred textile source in Europe over nearly two decades.

    • Awarded for being one of the largest textile exporters to Bangladesh.

  2. Radhamani Textiles:

    • Focuses on manufacturing men’s shirts and has a consolidated manufacturing facility near Bangalore.

    • The company has a production capacity of 3 million pieces per year.

    • Works with several international brands, including Tom Tailor, Zara, and River Island.

Business Model

  • Manufacturing: Radhamani Group employs advanced production systems typically seen in Italian manufacturing, allowing for quick turnarounds in fabric development.

  • Design Innovation: The group invests significantly in research and development to create unique designs that cater to market demands. Their design studio enables rapid prototyping and product development.

  • Retail Ventures: The group has ventured into retail with its brand POE (Point of Excellence), creating an all-India distribution model to ensure stock movement and profitability.

Supply Chain Strategy

Radhamani emphasizes building strong partnerships with suppliers to ensure reliable raw material sourcing. They utilize a unique inventory production system that optimizes manpower utilization and maintains continuous workflow on the shop floor.

Challenges and Solutions

The group recognizes challenges such as volatility in raw material supplies and the need for timely deliveries. They address these issues by maintaining narrow but deep supply partnerships and ensuring firm commitments from customers.

Conclusion

Radhamani Group stands out in the competitive textile industry due to its commitment to quality, innovation, and sustainability. With a robust export business and successful retail ventures, it continues to expand its footprint both domestically and internationally.

Key People

Basant Poddar

M L Poddar

Akshika Poddar

Key Metrics

Total Equity Funding

$18.5Million

No. of Funding Rounds

2

Latest Funding Round

$18.0Million, Series A

as of June 26, 2024

Post Money Valuation

$281Million

as of N/A

Funding Multiple

-

as of N/A

Investors

Nirmala Garments

and 4 more

Employee Count

2796

Similar Companies

Aequs

Exit Details

-

All Funding Rounds

DateRound NameAmountValuationRevenueRevenue Multiple
Investors
June 26, 2024Series A$18.0Million$281.0Million-- A91 Partners, NK Squared, Ravi Modi Family Trust, Gruhas Ravi Modi Family Trust
April 1, 2009Seed$537.0K$561.0K-- Nirmala Garments

Recent News