Gurugram-based textile maker Jain Cord Industries has raised ₹200 crore in its first institutional funding round, led by the Lohia Family Office via Indorama Capital Holdings. The Series A investment highlights growing investor confidence in India’s traditional textile and manufacturing sectors as companies scale operations and professionalise governance.
Funding structure and valuation
The company issued 31,79,550 compulsorily convertible preference shares (CCPS) and 100 equity shares at an issue price of ₹629 per share, bringing the total raise to ₹200 crore. Post-money valuation is estimated at about ₹829 crore, placing Jain Cord among mid-sized textile firms now attracting organised private capital.
Planned use of funds
Jain Cord will allocate the fresh capital across several strategic priorities. A portion will shore up working capital to smooth operating cycles; another portion will be used to repay unsecured borrowings, improving the company’s balance sheet metrics. The remainder is earmarked for capital expenditure, capacity expansion and general corporate purposes to support scaling and long-term growth.
Company profile and operations
Founded in 1960, Jain Cord is a vertically integrated textile manufacturer with capabilities spanning weaving, knitting, dyeing, finishing and garmenting. The company is known for woven fabrics such as corduroy and velveteen, serving both domestic and export customers.
Manufacturing units in Gurugram and Kosi (near Mathura) give Jain Cord control over quality, lead times and compliance. Its long-standing presence has helped build durable relationships with apparel brands and buyers across segments.
Shareholding changes
Following the investment, Indorama Capital Holdings will hold a 24.13% stake in Jain Cord on a fully diluted basis. Promoter shareholding will dilute from 100% to 75.87%. The deal reflects rising interest from organised investors in legacy manufacturing businesses that demonstrate steady performance and professional management practices.
Recent financial performance
Jain Cord reported revenue of ₹783.33 crore in FY25, up from ₹537.37 crore in FY24. Net profit rose to ₹19.97 crore in FY25 from ₹12.52 crore the previous year. The improved top- and bottom-line performance indicates healthy demand for the company’s products and more disciplined cost management.
Sector context
The funding comes amid renewed investor focus on India’s textile industry, driven by strong export prospects, supply-chain diversification and opportunities to upgrade capacity. Jain Cord’s Series A demonstrates that established, asset-heavy textile firms can attract significant institutional capital while pursuing scale, improved governance and expanded market reach.
