Gurugram-based textile manufacturer Jain Cord Industries has secured ₹200 crore in a Series A round led by the Lohia Family Office, managed under Indorama Capital Holdings, marking the company’s first institutional funding and reflecting renewed investor confidence in India’s traditional textile manufacturing sector.
Funding structure and valuation
The Series A transaction comprised the issuance of 31,79,550 compulsorily convertible preference shares (CCPS) and 100 equity shares at an issue price of ₹629 per share, aggregating to ₹200 crore. After the investment, Jain Cord’s post‑money valuation stands at about ₹829 crore, positioning the company among mid‑sized textile manufacturers attracting private capital.
This investment marks a strategic shift for Jain Cord, which has been promoter‑funded since its founding.
Planned use of proceeds
Jain Cord will deploy the fresh capital across working capital needs, repayment of unsecured borrowings, capital expenditure and expansion projects, and general corporate purposes. Management says the measures are intended to smooth operational cycles, strengthen the balance sheet and scale production capacity to meet growing demand.
Company profile
Founded in 1960, Jain Cord Industries is a vertically integrated textile manufacturer with capabilities across weaving, knitting, dyeing, finishing and garment manufacturing. The company is known for woven fabrics such as corduroy and velveteen, serving both domestic and export markets.
Manufacturing facilities in Gurugram and Kosi (near Mathura) enable the company to control quality, lead times and compliance, supporting long‑standing relationships with apparel brands and buyers.
Change in shareholding
Post‑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 transaction exemplifies growing organised capital interest in legacy manufacturing firms that demonstrate consistent performance and professional management.
Financial performance
Jain Cord reported steady growth in FY25, with revenue rising to ₹783.33 crore from ₹537.37 crore in FY24. Net profit increased to ₹19.97 crore from ₹12.52 crore a year earlier, reflecting stronger demand and improved cost management across operations.
Industry context
The funding comes amid heightened investor focus on India’s textile sector, particularly on manufacturers that combine quality production with export potential. Jain Cord’s Series A raise highlights how established textile firms can attract significant institutional capital while pursuing capacity expansion and market strengthening in the global textile value chain.
