What we do Libas Consumer Products Ltd specializes in custom Indian ethnic wear including wedding outfits and accessories, with in-house Mumbai production and retail presence. |
Founded in 2,004 |
Market share Established player in niche custom wedding wear and ethnic fashion with presence in Mumbai and Pune, and retail partnerships. |
Problem solved Provides customized ethnic and wedding apparel solutions, enabling hassle-free designer wear shopping. |
Top clients or who we serve Services primarily individual consumers seeking bespoke ethnic wear; operates B2C retail stores and partners with select online platforms. |
Key management Mr. Riyaz Ganji (Managing Director), Mr. Nishant Mahimtura (Whole-time Director), Mr. Aman Ganji (Director). |
Our journey and innovations Started in 2005 with first store in Mumbai, expanded retail footprint in Mumbai and Pune, raised INR 13.6 Cr in 2016 public issue. |
Where we operate India, primarily Maharashtra (Mumbai and Pune). |
Top products or what we offer Men's Sherwani, suits, Indo-Western, women's sarees, lehengas, gowns, along with accessories like jewellery and belts. |
Top brands Riyaz Ganji Libas - recognized ethnic and wedding wear brand, especially in Bollywood circles. |
Raw materials needed Fabrics and embellishment materials for ethnic garments. |
Raw materials supplier Not specifically disclosed. |
Recurring vs cyclical contribution Revenue is seasonal and cyclical, driven by wedding and festival seasons. |
Our industry position Niche player in custom ethnic wear with strong brand recall in Mumbai region. |
Financial highlights FY 2024-25 Revenue INR 5.49 billion; Net loss INR 1.57 crore; debt reduced to INR 13.81 crore. |
Geographical revenue split Over 90% revenue from Indian operations, mainly Maharashtra. |
Order book - |
Whats driving growth Growing demand for customized wedding outfits, brand presence in Bollywood, retail expansion, and fashion trends. |
Our future plans Focus on client acquisition, deepen existing client relationships, and improve inventory management. |
Our green promise - |
Our people and values Committed to employee development, ethical practices, and creating a great workplace. |
Key challenges ahead Inventory management issues, delayed payments, trade receivables recovery, and internal control improvements. |
Interesting facts Offers 50% off on custom wedding wear; Mumbai facility capacity 35,000-40,000 pieces annually. |
Risks and strategy Inventory overvaluation risks mitigated by refurbishing stock; loan recovery initiatives ongoing; strengthening internal controls. |
