What we do Riyaasat Lifestyle Ltd designs and retails ethnic wear blending traditional craftsmanship with contemporary designs for men and women, with a presence in Ahmedabad and Vadodara. |
Founded in 2,021 |
Market share Emerging ethnic wear brand with retail and online presence; expanding footprint through strategic partnerships. |
Problem solved Provides stylish, culturally resonant ethnic wear meeting modern consumer expectations for weddings and festive occasions. |
Top clients or who we serve Primarily B2C targeting wedding and ethnic wear consumers; extending reach via PSL Retail Limited partnership online and offline. |
Key management - |
Our journey and innovations Founded in 2021; rapidly expanded stores and launched a large combined retail space; partnered with PSL Retail for digital and retail expansion. |
Where we operate Operations concentrated in Gujarat, India, with stores in Ahmedabad and Vadodara and online sales via partner platforms. |
Top products or what we offer Men’s and women’s ethnic collections focusing on wedding and festive apparel crafted from premium fabrics. |
Top brands Riyaasat Lifestyle ethnic wear – recognized for quality craftsmanship and elegant designs; key revenue driver across retail channels. |
Raw materials needed Premium fabrics and traditional embellishments used for garment manufacturing. |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue is cyclical, driven by wedding and festive seasons but supported by ongoing retail and online sales. |
Our industry position Early-stage ethnic wear retailer with growing market presence in regional markets; poised for increased brand recognition. |
Financial highlights FY23 revenue ₹20.9 crore with ₹1.38 crore profit after tax showing significant growth over previous year. |
Geographical revenue split Revenue primarily from Gujarat-based stores and online sales via PSL partnership. |
Order book - |
Whats driving growth Expansion of retail footprint, strategic digital partnerships, growing consumer demand for ethnic wear in wedding segment. |
Our future plans Planned IPO to raise fresh equity for expansion; further retail store openings and deepening online sales channels. |
Our green promise - |
Our people and values Committed team focused on customer satisfaction and preserving traditional craftsmanship. |
Key challenges ahead Market competition, scaling supply chain, and managing cyclical demand fluctuations. |
Interesting facts Rapid growth from inception in 2021; significant revenue jump within two years driven by strategic partnerships. |
Risks and strategy Competition risk mitigated by continuous design innovation and retail expansion; strong governance to manage operational risks. |
