Funding · Professional & Local Services

Jain cord industries raises rs 200 crore series a

By Startup Enthusiast · 6 February 2026

What they do

Jain Cord Industries manufactures woven fabrics like corduroy and velveteen for apparel brands

The company raised Rs 200 crore in Series A funding led by Lohia Family Office

Post-money valuation stands at approximately Rs 829 crore based on Entrackr estimates

Jain Cord Industries has closed its Series A funding round.
The company raised Rs 200 crore ($22.04 million) in new capital.
Lohia Family Office acted as the lead investor in this transaction.
The investment was made under the entity Indorama Capital Holdings Pte. Ltd.
This stake acquisition represents 24.13% of the company's equity.
The post-issue promoter shareholding is now 75.87%.
Shares were issued at an issue price of Rs 629 ($6.93) per share.
The total shares issued include 3,179,550 compulsorily convertible preference shares.

The funding supports working capital needs and repayment of unsecured borrowings.
Capital expenditure and business expansion are key uses of the raised funds.
The deal values the company at approximately Rs 829 crore post-money.
Revenue growth from FY24 to FY25 shows strong operational performance.

Jain Cord Industries is a vertically integrated textile manufacturer founded in 1960.
It produces cotton and linen fabrics through weaving, knitting, dyeing, and finishing.
Key products include woven fabrics such as corduroy and velveteen.
The company serves both domestic and international apparel brand customers.
Manufacturing facilities are located in Gurugram and Kosi near Mathura.
FY25 revenue reached Rs 783.33 crore ($86.34 million).
FY24 revenue was recorded at Rs 537.37 crore ($59.23 million).
FY25 net profit stood at Rs 19.97 crore ($2.20 million).
FY24 net profit was reported as Rs 12.52 crore ($1.38 million).

Funds will be used for working capital and repayment of unsecured borrowings.
Capital expenditure and general business expansion are planned with the raised amount.

Lohia Family Office (lead) — Operating under Indorama Capital Holdings Pte. Ltd.