What we do Sai Silks (Kalamandir) Ltd is a leading South Indian ethnic and value-fashion retail company with multiple store formats offering sarees and apparel across premium to value segments. |
Founded in 2,005 |
Market share One of South India's largest ethnic apparel retailers with 79 stores across four states and a strong offline and online presence. |
Problem solved Provides high-quality, diverse ethnic wear meeting demands for premium, wedding, casual, and value fashion in South India through organized retail. |
Top clients or who we serve B2C customers primarily women and families in South India across Telangana, Andhra Pradesh, Karnataka, Tamil Nadu and Puducherry. |
Key management Nagakanaka Durga Prasad Chalavadi (Managing Director) with nearly two decades in retail; Ravindra Vikram Mamidipudi (Chairman & Independent Director) with 44 years in finance. |
Our journey and innovations Started in 2005, became public company by 2009, expanded multiple store brands, launched e-commerce, executed IPO in 2023, and adopted in-house ERP with AI-enhanced inventory. |
Where we operate Operates mainly in South India: Telangana, Andhra Pradesh, Karnataka, Tamil Nadu, and Puducherry with 79 stores and nationwide e-commerce reach. |
Top products or what we offer Sarees including premium Kanchipuram, Banarasi, handlooms, men’s and children’s ethnic wear, value fashion, and western wear across five store formats. |
Top brands Kalamandir - middle income ethnic wear; Mandir - ultra-premium sarees; Varamahalakshmi Silks - premium ethnic; KLM Fashion Mall - value-focused ethnic wear; Valli Silks - entry-level sarees. |
Raw materials needed Silk, cotton, georgette, khadi, organza, and other fabrics sourced from weavers and artisans across India. |
Raw materials supplier Procures from over 4,000 master weavers, artisans and vendors across India with non-exclusive partnerships for quality. |
Recurring vs cyclical contribution Revenue primarily recurring from retail sales with seasonal peaks during weddings and festivals, supported by stable omnichannel presence. |
Our industry position Market leader in South Indian ethnic retail with diversified brand formats and expanding geographic footprint. |
Financial highlights FY 2024-25 Revenue Rs.1462 Crores; EBITDA Rs.212 Crores; PAT Rs.85 Crores; 6% growth over previous year; EBIDTA stable. |
Geographical revenue split Approx. 31% Telangana, 28% Andhra Pradesh, 17% Karnataka, 23% Tamil Nadu, 1% Puducherry revenues. |
Order book - |
Whats driving growth Store expansions, e-commerce growth, focused marketing, innovative designs, technology integration in inventory, and the growing saree market in South India. |
Our future plans Opening 30 new stores, building two warehouses, investing in working capital, and continuing digital and geographic expansion. |
Our green promise Engaged in CSR focusing on child education, health, welfare of underprivileged; sustainability disclosures included in reports. |
Our people and values 6,500+ employees foster a culture of learning, diversity, and inclusion with ESOP schemes to motivate talent. |
Key challenges ahead Competition, macroeconomic fluctuations, inventory management, and regulatory compliance risks mitigated by strong governance. |
Interesting facts Company completed IPO in 2023 raising Rs 1201 Crores; operates 79 stores with ~7.7 lakh sq.ft retail area; robust technology usage. |
Risks and strategy Risks include tax proceedings, market competition, dependency on suppliers; mitigated by compliance, diversifying formats, and technology-driven operations. |
