Home / Knowledge / News / Apparel/Garments / Gitanjali Gems plans foray into apparels
Gitanjali Gems plans foray into apparels
Mar '11
Next to real estate and luxury lifestyle products, the Rs. 65 billion turnover Gitanjali Gems is now entering the branded apparels sector. The company is mainly recognized as a manufacturer and retailer of branded jewellery.

In order to support its large scale retail activities, the company proposes to launch its own clothing brands over the next six months, which would include three women's wear brands, one kid's wear and one men's wear brand.

The company, last year launched seven multi-brand outlets under the name 'Maya'. Each of the outlets is spread on an approximate area of 20,000 sq ft. These outlets owned by Salasar Retails, were bought out in 2009.

The company intends to further invest Rs. 120 million to launch five more 'Maya' outlets in Raipur, Ranchi, Cuttack, Agra and Hubli, over the next six months.

Gitanjali has adopted a revenue sharing model, under which premium lifestyle brands will display products at their own cost.

The company targets Rs. 10 billion in sales revenue from the Maya outlets over the next three to five years.

Fibre2fashion News Desk - India

Must ReadView All

Union textiles minister Smriti Irani addressing at the Texprocil Annual Export Awards. Courtesy: PIB

Textiles | On 22nd Oct 2016

Govt to extend special package to home textiles segment

The Central government is likely to extend the recently approved Rs...

Reebok Liquid Speed Grey. Courtesy: Business Wire

Apparel/Garments | On 22nd Oct 2016

Reebok’s Liquid Factory brings sneaker creation to US

Reebok, a pioneer in the sporting goods industry, has brought sneaker ...

Courtesy: GHCL

Textiles | On 22nd Oct 2016

GHCL to invest Rs 67.25 crore in textile division

Chemicals and textiles firm GHCL will invest Rs 67.25 crore in its...

Interviews View All

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search