This capital infusion will support Suditi’s ambitious expansion plans of Gini and Jony in the rapidly growing children’s apparel and lifestyle market
Suditi Industries, a textile and apparel brand, is slated to raise Rs 58.87 crore through a combination of equity shares and warrants, marking a significant milestone in the company’s evolution from a traditional textile manufacturer to a vertically integrated kids’ retail business.
This capital infusion will support Suditi’s ambitious expansion plans of Gini and Jony in the rapidly growing children’s apparel and lifestyle market. Kids apparel alone represents a Rs 3,00,000 crore opportunity in India, growing at a robust 14 to 15 per cent compounded annual growth rate (CAGR), making it one of the most compelling consumer segments in the country, the company said in a regulatory filing.
“With Gini and Jony’s legacy, national footprint, and emotional connection with Indian parents, we are uniquely positioned to build a truly integrated ‘everything kids’ super brand. This fresh capital, combined with the experience and strategic depth of our incoming investors, enables us to accelerate growth while staying focused on our long-term vision, to be a trusted partner in every mother and child’s journey across the country,” stated Pawan Agarwal, Chairman and Managing Director, Suditi Industries.
The round has attracted a distinguished group of investors known for building and scaling category-defining consumer businesses. Participants include Venkat Ramaswamy, Co-founder of Edelweiss; Nitin Agarwal, former CEO of GlobalBees, Naresh Biyani, Founder of Capwise Financial Services, Rajesh Palviya and many more, the statement added.
The newly raised capital will be deployed to accelerate retail expansion, strengthen digital and omnichannel capabilities, deepen product categories and build scalable backend infrastructure all while maintaining disciplined capital allocation and consistent earnings quality.
“We are fortunate to have seasoned operators and founders as investors and advisors who have scaled businesses in exactly these areas. Their collective experience will help us compress learning cycles, sharpen execution at scale, and institutionalise governance frameworks befitting a market leader,” highlighted Harsh Agarwal, CEO of Gini and Jony.
The regulatory filing added that Suditi Industries has negligible debt and has demonstrated strong financial momentum. The company recorded 89 per cent growth in turnover in the second quarter of financial year 2024 (Q2FY24) and 1,900 per cent increase in net profit in Q2FY25, it pointed out.
