Tirupur-based Garment Mantra Lifestyle Ltd. (erstwhile Junction Fabrics & Apparels Ltd.) has received in-principle approval for its migration from BSE (Bombay Stock Exchange) SME Platform to BSE Mainboard.
With Group turnover of Rs. 200 crore, the company is into retail and wholesale business also.
Feeling elated and proud over this milestone, Prem Aggarwal, CMD of the company, told Apparel Resources, “Now we can enhance our business as per our long-term vision. Our upcoming business model of retail and wholesale will create business opportunities for many. Affordable clothing is our strength and on the basis of same we have massive growth plan.”
Currently offering kidswear, womenswear and knitted fabric, the company is adding menswear also in its offering.
Talking about the current market scenario, he added that we are witnessing some early signs of demand revival and are hopeful of better demand during the festive season.
With a good presence in the domestic market, the 15-year-old Garment Mantra is also exporting garments to Middle East. The company has its own production unit in Netaji Apparel Park and has inhouse knitting, embroidery and printing setup as well.
