Home / Knowledge / News / Apparel/Garments / Infosys cofounder Nilekani invests in Fabindia
Infosys cofounder Nilekani invests in Fabindia
Dec '16
Courtesy: Fabindia
Courtesy: Fabindia
Through their family office Entrust, Infosys cofounder Nandan Nilekani and his wife Rohini have invested about Rs 100 crore for a 2 per cent stake in ethnicwear brand Fabindia, in which Wipro founder Azim Premji already owns a 25 per cent stake. This stake sale values Fabindia, which operates 229 stores in India, at approximately Rs 5,000 crore.

This was disclosed by two persons familiar with the deal to a leading daily. Earlier this year, existing investor Azim Premji had bought an additional 8 per cent stake in Fabindia, which increased his stake to 25 per cent in the company. The rest of the stake is held by the founder, the Bissell family, employees and other minority shareholders.

Along with managing stores in India, Fabindia also operates 10 stores in overseas markets and also runs an ecommerce website. (AR)

Fibre2Fashion News Desk – India

Interviews View All

Awen Delaval, Samatoa

Awen Delaval

'Natural fibres are appreciated for traditional authenticity'

Rashi Menda, Zapyle

Rashi Menda

Every fifth sale we make on Zapyle is a repeat purchase

Nishank Patel, Shri Dinesh Mills Limited

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Francesco Gozio,

Francesco Gozio

Italian company Marzoli is a leading manufacturer of the complete line of...

Wolfgang Muller,

Wolfgang Muller

Mayer & Cie is a leading global manufacturer of circular knitting...

Yariv Bustan,

Yariv Bustan

Founded in Israel in 2015, Twine Solutions is a tech start-up that has...

Mohammad Hassan, Biax Fiberfilm

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Isabel Herranz, European School of Business & innovation

Isabel Herranz
European School of Business & innovation

Cutting-edge ideas like the Internet of Things and artificial intelligence ...

Justin Chan & Shyam Gollakota, University of Washington

Justin Chan & Shyam Gollakota
University of Washington

A fabric that can store data without any electronics or batteries has been ...

Robert Brunner, Devereux

Robert Brunner

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

Jay Ramrakhiani, Occasions Elegance Wear

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Sweta Agarwal, A Humming Way

Sweta Agarwal
A Humming Way

A Humming Way (AHW) is inspired by the old-world regalia of Rajasthan...

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


Leave your Comments

November 2019

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

Follow us on instagram


Follow Fibre2Fashion On

Advanced Search