Mafatlal Industries has incorporated its new subsidiary, Mafatlal Apparel Exports, marking its official foray into the global garment and apparel export market. Mafatlal holds a 51 percent equity stake in the new venture, reinforcing its diversification strategy and international growth ambitions.

The subsidiary is being established in collaboration with Sagar Birnale, a seasoned professional with over 20 years of experience in sourcing, manufacturing, and fashion retail. The new entity will have a paid-up capital of Rs 2.50 crore, with Mafatlal contributing 51 percent and Mr. Birnale holding the remaining 49 percent. The investment will be phased, with Mafatlal initially investing Rs 0.51 crore out of the first tranche of Rs one crore.

Mafatlal Apparel Exports will function as a garment buying house, sourcing and supplying fashion and casual wear to leading multinational retailers and buying houses worldwide. The collaboration combines Mafatlal’s legacy and infrastructure with Mr. Birnale’s domain expertise to build a modern, design-led, export-focused operation.