What we do Karnika Industries Ltd manufactures and exports a wide range of kids' garments including shorts, joggers, tees, rompers, and infant wear, leveraging job work manufacturing. |
Founded in 2,017 |
Market share Leading manufacturer in the kids' clothing segment with emerging adult jeans manufacturing unit, known for quality and timely delivery. |
Problem solved Provides quality kids wear with fashion-forward designs, addressing bulk client demands with reliable manufacturing and delivery schedules. |
Top clients or who we serve B2B focus serving garment traders, exporters, and retailers in children's apparel segments. |
Key management Niranjan Mundhra (Managing Director), Shiv Shankar Mundhra (Whole-Time Director), Mahesh Kumar Mundhra (Whole-Time Director). |
Our journey and innovations Started as partnership in 2017; converted to public limited company in 2022; IPO raised Rs 250.73 crores in 2023; expanded product portfolio to adult jeans. |
Where we operate Primarily India with export markets for garments. |
Top products or what we offer Kids wear including shorts, joggers, tees, rompers, pyjamas, winter wear; recently started adult jeans manufacturing. |
Top brands No distinct brands mentioned; focus on garment manufacturing and exports. |
Raw materials needed Yarn and fabrics for garment production. |
Raw materials supplier Not specified; sources fabric alternatives for client collections. |
Recurring vs cyclical contribution Revenue primarily from recurring bulk manufacturing orders and exports. |
Our industry position Financially stable and among top kids garment manufacturers in India with growing profits and market presence. |
Financial highlights FY 2024 revenue Rs 172.55 crores, net profit Rs 18.03 crores, 37% revenue growth, 78% profit growth year-over-year. |
Geographical revenue split Not specifically detailed; export earnings recorded alongside domestic sales. |
Order book - |
Whats driving growth Product diversification, increased export demand, upgraded manufacturing technology, and expanded adult wear line. |
Our future plans Scaling adult jeans production, enhancing technology and capacity, increasing market penetration. |
Our green promise ISO 14001:2015 certified; committed to energy efficiency and environmental sustainability. |
Our people and values Skilled professionals operating hi-tech machinery, fostering continuous learning and training culture. |
Key challenges ahead Market competition, raw material price volatility, maintaining quality while scaling production. |
Interesting facts Transitioned from partnership to listed company within six years; conducted fashion shows to showcase products. |
Risks and strategy Focus on robust risk management, compliance systems, and internal controls to mitigate operational and market risks. |
