Exclusive: Fabric Maker Jain Cord Raises Rs 200 Cr in Series A From Lohia Family Office

Why It Matters

The infusion provides Jain Cord with growth capital to scale its vertically integrated textile operations, positioning it for stronger market share amid a competitive Indian fabric sector.

Key Takeaways

• Series A funding of Rs 200 crore secured
• Indorama Capital acquires 24.13% stake in Jain Cord
• Revenue jumps 45% to Rs 783.33 crore FY25
• Funds allocated to working capital, debt repayment, capex, expansion
• Valuation reaches Rs 829 crore post‑money

Pulse Analysis

India’s textile industry, a $150 billion powerhouse, is increasingly attracting institutional capital as manufacturers seek to modernise production and meet global quality standards. Private‑equity and family‑office investors are targeting firms with end‑to‑end capabilities, because integrated supply chains reduce lead times and improve margin resilience. The Jain Cord Series A round reflects this trend, signaling confidence in mid‑size fabric makers that can leverage scale, technology and diversified product lines to capture both domestic and export demand.

Jain Cord’s vertical integration—from weaving and knitting to dyeing, finishing and garment assembly—offers a competitive edge in an industry where fragmented operations often inflate costs. The Rs 200 crore injection will shore up working capital, retire higher‑cost borrowings, and fund capital expenditures such as advanced looms and sustainable dyeing systems. With FY25 revenue projected at Rs 783 crore and profit nearing Rs 20 crore, the company is poised to expand capacity at its Gurugram and Kosi facilities, targeting premium fabric segments like corduroy and velveteen for upscale apparel brands.

For investors, the deal underscores the growing appetite for structured equity in Indian manufacturing. Indorama Capital’s 24.13% stake not only provides Jain Cord with strategic backing but also aligns the firm with a global network of textile and chemical assets. As the sector navigates rising raw‑material costs and sustainability mandates, firms that can efficiently scale production while maintaining compliance are likely to outpace peers. Jain Cord’s fresh capital positions it to pursue geographic expansion, product diversification, and potential partnerships, setting a benchmark for future funding rounds in the Indian fabric space.

Exclusive: Fabric maker Jain Cord raises Rs 200 Cr in Series A from Lohia family office

By Shailesh Mahato · 06 Feb 2026 11:05 IST

Jain Cord, a Gurugram‑based manufacturer of cotton and linen fabrics, has raised its first institutional funding of Rs 200 crore in a Series A round from the Lohia Family Office, operated under Indorama Capital Holdings Pte. Ltd.

Jain Cord Industries’ board has issued 31,79,550 compulsorily convertible preference shares (CCPS) and 100 equity shares at an issue price of Rs 629 per share to raise a total of Rs 200 crore, according to its regulatory filing with the Registrar of Companies (RoC).

According to Entrackr’s estimates, Jain Cord Industries is valued at around Rs 829 crore ($94.75 million) on a post‑money basis.

The fresh funds will be utilised for:

• Working capital requirements

• Repayment of unsecured borrowings

• Capital expenditure

• Business expansion, along with supporting general operating expenses (as per the RoC filing)

Founded in 1960, Jain Cord Industries is a vertically integrated textile manufacturer engaged in the production and processing of fabrics and garments. The company offers end‑to‑end capabilities across weaving, knitting, dyeing, finishing, and garment manufacturing, supported by modern production technologies and process‑driven operations.

Jain Cord is known for its woven fabrics, including corduroy and velveteen, and serves domestic and international apparel brands. It operates manufacturing facilities in Gurugram and Kosi near Mathura, with large‑scale fabric and garment production capacity and a focus on quality and compliance standards.

After the fresh allotment, Indorama Capital Holdings Pte. Ltd will hold a 24.13 % stake in Jain Cord Industries, while the promoters’ shareholding will decline to 75.87 % from 100 % on a fully diluted basis.

Financial performance:

• Revenue FY25: Rs 783.33 crore (up from Rs 537.37 crore in FY24)

• Profit FY25: Rs 19.97 crore (up from Rs 12.52 crore in FY24)

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