What we do Goblin India Ltd specializes in manufacturing and trading luggage, travel accessories, and corporate gifts with a strong presence in India and France via retail and e-commerce. |
Founded in 1,989 |
Market share Established brand in travel gears with extensive Indian dealer network and French subsidiary; growing steadily in retail and corporate gifting sectors. |
Problem solved Offers affordable, quality luggage and travel accessories fulfilling personal and corporate gifting needs with innovative designs. |
Top clients or who we serve Serves retail consumers, wholesalers, corporate clients including pharma companies and educational institutions (B2C, B2B). |
Key management - |
Our journey and innovations Started in 1989; expanded brand presence by introducing Goblin luggage; started in-house manufacturing with automated machinery producing up to 10 lakh pieces daily. |
Where we operate Pan-India with 4 distributors, 374 dealers, presence in 28 airports via AVA stores; subsidiary operates in France with 250+ dealers. |
Top products or what we offer Luggage bags, travel gear, and corporate gifting products sold through retail stores, distributors, and e-commerce platforms like Amazon and Flipkart. |
Top brands Goblin luggage and travel accessories brand recognized across India and France; flagship products include ABS luggage produced in-house. |
Raw materials needed Materials for luggage manufacturing primarily sourced from third-party manufacturers in China and India. |
Raw materials supplier Mainly outsourced to competitive suppliers in China and India to maintain low fixed costs. |
Recurring vs cyclical contribution Revenue is mostly cyclical, driven by travel trends, corporate gifting demand, and retail sales with growing recurring corporate orders. |
Our industry position Reputed mid-sized player with growing market share in premium luggage and accessory segments in India and European markets via subsidiary. |
Financial highlights Consolidated revenue Rs. 553 Cr; net profit Rs. 2.42 Cr for FY 2024-25 with steady revenue growth year-over-year. |
Geographical revenue split Revenue majorly from India; subsidiary in France contributes international revenue. |
Order book Received a Rs. 2.5 Cr order for Crimson Duffle Bags, supporting near-term sales growth. |
Whats driving growth Expansion in airport retail, new product lines, increased manufacturing capacity, and strong corporate gifting demand fueling growth. |
Our future plans Focus on expanding manufacturing with new automation, growing retail footprint, and pursuing further capital raising to support growth. |
Our green promise - |
Our people and values Committed to ethical practices, employee welfare, and harassment-free workplace fostering a creative and motivated workforce. |
Key challenges ahead Market competition, regulatory compliance, and timely capital raising remain key challenges to sustain growth momentum. |
Interesting facts Operates exclusive retail outlets in Ahmedabad and Paris; presence in 28 airports across India via AVA stores. |
Risks and strategy Managing compliance risks and delayed capital raisings by strengthening governance and strategic engagement with regulators. |
