Gurugram-based textile manufacturer Jain Cord Industries has raised ₹200 crore in a Series A funding round, marking its first-ever institutional investment since inception. The funding has been led by the Lohia Family Office, managed under Indorama Capital Holdings, highlighting growing investor confidence in India’s traditional manufacturing and textile sector.
Funding Details and Valuation
As part of the Series A round, Jain Cord issued 31,79,550 compulsorily convertible preference shares (CCPS) along with 100 equity shares at an issue price of ₹629 per share. The transaction aggregates to a total fundraise of ₹200 crore. Post this investment, the company’s post-money valuation is estimated to be around ₹829 crore, positioning Jain Cord among the notable mid-sized textile manufacturers attracting private capital.
This infusion of capital represents a significant turning point for the company, which has operated as a promoter-funded business for several decades.
Use of Fresh Capital
The newly raised funds will be utilised across multiple strategic areas. A portion of the capital will be deployed to strengthen working capital requirements, enabling smoother operational cycles. The company also plans to use part of the proceeds to repay unsecured borrowings, which is expected to improve its balance sheet health.
Additionally, Jain Cord has earmarked funds for capital expenditure, expansion initiatives, and meeting general corporate expenses. These steps are aimed at scaling production capacity, supporting long-term growth, and enhancing operational efficiency.
About Jain Cord Industries
Established in 1960, Jain Cord Industries is a well-established, vertically integrated textile manufacturer. Over the years, the company has built capabilities across weaving, knitting, dyeing, finishing, and garment manufacturing. It is particularly known for its woven fabric offerings, including corduroy and velveteen, catering to both domestic and international markets.
The company operates manufacturing facilities in Gurugram and Kosi near Mathura, enabling it to maintain control over quality, timelines, and compliance standards. Its long presence in the textile industry has helped it build strong relationships with apparel brands and buyers across segments.
Change in Shareholding Structure
Following the completion of the Series A round, Indorama Capital Holdings will hold a 24.13% stake in Jain Cord Industries. The promoter shareholding will dilute accordingly, reducing from 100% to 75.87% on a fully diluted basis.
This strategic partnership reflects increasing interest from organised capital in legacy manufacturing businesses that demonstrate consistent performance, scalability, and professional management practices.
Financial Performance Snapshot
Jain Cord has shown steady financial growth in recent years. In FY25, the company reported a revenue of ₹783.33 crore, a significant rise from ₹537.37 crore in FY24. During the same period, its net profit increased to ₹19.97 crore, compared to ₹12.52 crore in the previous financial year.
The improvement in both topline and bottomline indicates healthy demand for its products and better cost management across operations.
Broader Impact on the Textile Industry
The successful funding round comes at a time when India’s textile sector is witnessing renewed interest from investors, especially in companies focusing on quality manufacturing and export potential. Jain Cord’s Series A raise stands out as an example of how legacy textile firms can attract sizeable institutional capital without being technology-driven startups.
With fresh funding in place, Jain Cord is well-positioned to strengthen its market presence, enhance production capabilities, and pursue long-term expansion plans, further reinforcing India’s role in the global textile value chain.