What we do Veekayem Fashion & Apparels Ltd weaves and manufactures textiles and readymade garments, offering products including formal and casual apparel for men and women. |
Founded in 1,985 |
Market share Recognized player in textile weaving and garment manufacturing with significant fabric production capacity and expanding retail presence. |
Problem solved Provides high-quality, competitively priced fabrics and ready-to-wear garments meeting diverse customer apparel needs. |
Top clients or who we serve Fashion retailers and wholesalers; B2B in textile supply and B2C in branded readymade garments markets. |
Key management - |
Our journey and innovations Incorporated in 1985; transitioned from textile mill to public limited company in 2018; launched IPO in 2022; installed modern automated fabric and garment manufacturing capacity. |
Where we operate Manufacturing in Gujarat; sales primarily in India with some foreign exchange earnings from exports. |
Top products or what we offer Greige fabrics including cotton blends; men’s and women’s formal shirts, trousers, joggers, shorts, and pyjamas. |
Top brands - |
Raw materials needed Cotton fibers, polyester, viscose, rayon, and other textile raw materials. |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue is largely recurring from fabric and garment sales, with moderate seasonality in apparel demand. |
Our industry position Established textile and apparel manufacturer with growing prominence in branded garments segment. |
Financial highlights FY25 revenue Rs. 321.29 crore, PAT Rs. 7.64 crore; revenue grew by ~32% from FY24; profitability improved significantly. |
Geographical revenue split Primarily domestic revenue with foreign exchange earnings of Rs. 13.78 crore, indicating some export business. |
Order book - |
Whats driving growth Capacity expansion, technological upgrades, increased branding, and public listing boosting visibility and capital. |
Our future plans Focus on enhancing garment manufacturing output, increasing market share, and scaling retail operations. |
Our green promise - |
Our people and values Employs 780 permanent staff; emphasizes employee development and adherence to ethical workplace policies. |
Key challenges ahead Competitive textile and apparel market pressures, raw material price volatility, and scaling branding efforts. |
Interesting facts Conversion from private to public limited company in 2018 and successful IPO launch in 2022 raising Rs. 4.43 crore. |
Risks and strategy Mitigates market and operational risks via technology adoption, quality control, and prudent financial management. |
