What we do Saraswati Saree Depot Ltd is a leading Indian wholesaler of women's apparel including sarees, kurtis, lehengas, and dress materials, serving B2B customers with over 300,000 SKUs. |
Founded in 1,966 |
Market share One of India's major organized saree wholesalers with a strong presence in western and southern regions. |
Problem solved Provides bulk sourcing and distribution of ethnic women's apparel addressing demand for quality, variety, and availability in wholesale markets. |
Top clients or who we serve Approximately 13,000 active B2B customers primarily retailers in Maharashtra, Goa, Karnataka, and Tamil Nadu. |
Key management Experienced promoters with decades in apparel industry including Chairman Shankar Dulhani and MD Vinod Dulhani. |
Our journey and innovations Founded as partnership in 1966, transitioned to public company in 2023, expanded product lines and retail outlets with flagship Utsav event since 2002. |
Where we operate Operations primarily in India across Maharashtra, Ulhasnagar, Surat and other key supplier hubs. |
Top products or what we offer Wide range including sarees (dominant), kurtis, lehengas, dress materials, blouse pieces, and ethnic bottoms. |
Top brands Flagship wholesale saree brand with key event 'Utsav' contributing 13-15% annual sales; retail expanding since 2025. |
Raw materials needed Fabrics and accessories suitable for ethnic women's apparel sourced predominantly from over 900 Indian weavers. |
Raw materials supplier Suppliers located in Surat, Varanasi, Mau, Madurai, Dharmavaram, Kolkata, Bengaluru among others. |
Recurring vs cyclical contribution Revenue predominantly recurring through continuous wholesale sales cycles with some seasonality from festivals and weddings. |
Our industry position Leading organized saree wholesaler with expanding organized segment share in a fragmented market. |
Financial highlights FY25 revenue Rs. 613.6 crore, PAT Rs. 30.57 crore, steady growth with IPO raising Rs. 160 crore in 2024. |
Geographical revenue split Majority revenue from Maharashtra (Kolhapur, Ulhasnagar), growing presence in Surat and southern Indian markets. |
Order book - |
Whats driving growth Rising organized ethnic wear demand, expanded product range, strong supplier network, and strategic retail expansion. |
Our future plans Expand retail footprint, enhance supply chain efficiencies, increase direct consumer presence, and launch new product offerings. |
Our green promise - |
Our people and values Strong leadership with long-tenured promoters, focus on ethical practices, customer trust, and workforce development. |
Key challenges ahead Managing input cost pressures, margin compression, expanding retail while maintaining wholesale efficiency. |
Interesting facts IPO oversubscribed 107 times in 2024; flagship annual 'Utsav' event attracts customers nationwide since 2002. |
Risks and strategy Mitigates risks from market competition and supply chain by scale economies, diversified suppliers, and brand loyalty. |
