The textile manufacturer Jain Cord Industries, headquartered in Gurugram, has managed to raise ₹200 crore in the initial round of institutional funding. Lohia Family Office led this Series A investment and operates under the Lohia Capital Holdings Pte. Ltd. entity. This capital infusion was enabled by the board of the company approving the issue of 31,79,550 compulsorily convertible preference shares and 100 equity shares in regulatory filings with the Registrar of Companies. The stock was priced at ₹629 per unit, which represents a major inflow of foreign capital in the old family-owned business.
Operational and financial performance
Jain Cord Industries has a significant valuation by this funding round. According to the calculations and estimations, the current value of the company is estimated to be ₹829 crore, which is equivalent to about $94.75 million on the post-money basis. This valuation will be based on the financial well-being and upward trend in growth that the company has demonstrated in recent years.
Jain Cord also experienced a high revenue growth in the fiscal year 2025 to ₹783.33 crore, which is an improvement compared to the 2024 fiscal year revenue of ₹537.37 crore. The profitability of the company increased by ₹19.97 crore in FY25 and by ₹12.52 crore in FY24. This stable financial outlook must have been a major catalyst for the interest expressed by the Lohia Family Office.
Jain Cord Industries was founded in 1960, and it has grown to become a vertically integrated manufacturer of textiles with a strong presence in the production and processing of superior quality fabrics and clothing. The company has enjoyed a good reputation, especially in woven fabrics, particularly in corduroy and velveteen. The nature of its operations is end-to-end, which covers the whole production process, such as weaving, knitting, dyeing, finishing, and garment production.
Jain Cord uses the latest technologies in production and keeps its operations focused on processes to serve numerous local and foreign apparel brands. Its manufacturing plants are located in Gurugram and Kosi near Mathra and offer the company large-scale production capacity, which meets international quality and compliance standards.
Raised capital and investment
Newly raised capital under this Series A round will be allocated to various other major areas, which are fundamental to the continued growth of the company. In the regulatory filings, Jain Cord will use the ₹200 crore to cover its working capital needs and also to assist in repaying the current unsecured borrowings.
The capital will finance major capital outlay and overall business development initiatives. All these investments are aimed at supporting the operating infrastructure of the company and overall operating cost so that the company will be competitive and be able to respond to the rising market demands not only in India but also in the export markets across the world.
The investment by Indorama Capital Holdings pte. Ltd has led to a change in the shareholding of the company. The Lohia Family Office currently owns a stake of 24.13% in the Jain Cord Industries as a result of the new distribution of shares. The shareholding of the promoters, which was 100% before it is now 75.87% on a fully diluted basis. This action is a shift in the model of a completely family-owned enterprise to one with institutional support, which enables the company to have professional governance and financial means to expand its operations to new levels.
Conclusion
The fact that this ₹200 crore series A round was successfully concluded reflects the increasing faith of investors in the traditional manufacturing industries of India, supported by contemporary technology and integrated supply chains. In the case of Jain Cord Industries, the Lohia Family Office partnership entails not only the infusion of capital but also the provision of the strategic financial runway that would allow the company to maximize its manufacturing presence and technical possibilities.
With the company steadily growing its operations throughout the entire world of the textile and apparel industry, this institutional capital is an essential catalyst to the company long term goals of sustainability and operational efficiency.
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