“Kutch Shakti National Award 2014” was presented to Mr. Harshad Thakkar, Chairman & Managing Director of Ashapura Intimates Fashion Ltd. in a glittering ceremony held on the eve of 29th June 2014 by Mr. Arun Gujarathi –Ex Speaker of Maharashtra Legislative Assembly at Birla Matushree Sabhagriha, Mumbai.
36 years old Mr. Harshad Hirji Thakkar is the Founder of Valentine Group. He is also the Chairman of Lingerie Committee of The Clothing Manufacturers Association of India (CMAI).
The Valentine Group’s flagship company, Ashapura Intimates Fashion Ltd. is a listed company. Its public issue came last year at the rate of Rs. 40 and present market rate is around Rs. 130. The company has been paying regular dividend since last 5 years. The turnover of Ashapura Intimates Fashion Ltd. was Rs. 163 crore in the year 2013-14 and it is expected to reach around Rs. 200 crore in the year 2014-15 & Rs. 500 crore in the year 2016-17.
The second company of Valentine Group Viz. Momai Apparels Ltd. will enter capital market with a public issue of Rs. 41 crore in the month of July 2014.
Ashapura’s the state of the art manufacturing unit spread over 2 lakh square feet is located at Dapode on Thane-Nashik highway. A new unit of 6 lakh square feet has been planned to set up in Gujarat soon.
About Valentine Group
The Valentine Group specializes in manufacturing of lounge wear including nightwear, lingerie, maternity wear, sportswear, legging, shorts, bridal nightwear, honeymoon night wear etc. The company sells these products under the brand name ‘Valentine’.
Valentine Group has strong pan India marketing network. It has 100 distributors and Valentine products are available across 13,000 retail outlets. The Group also exports its products to various countries.
Ashapuara has company owned retail showrooms at Mulund in Mumbai and Bangalore. Now company plans to commence 10 retail showrooms in Central Suburbs in Mumbai by December 2014 and thereafter another 10 retail showrooms in Western Suburbs of Mumbai. The company is having on hand inquiries for 80 franchise stores.