MUMBAI, India. - Wednesday, January 21st 2015 [ME NewsWire] (BUSINESS WIRE) Ashapura Intimates Fashion Limited of Valentine Group of India has emerged having the largest product basket globally in the niche segment of Lounge Wear. With vertically integrated manufacturing, the second state of the art plant will open in Gujarat in the near future, and the company will have the biggest capacity in production & warehousing in lounge wear in India.
Under the ‘Valentine’ brand, the company sells intimate garments such as lounge wear, bridal night wear, honeymoon sets, bathrobes, nightwear, relax-wear, sportswear, leggings, camisole, bra & panties, etc. The new lounge wear range is meant for gents, ladies, kids and toddlers.
The company has export order of INR. 650 million for the year 2014-15. The company mainly exports to the Middle East and now plans to expand its export horizon to other countries. The company has a growth rate of 30% per annum.
In India, the Group has 130 distributors and products are sold through 13,000 retail outlets across the country. It has plans to open 26 own retail showrooms in Mumbai within a year. The company has MOUs with online shopping sites like Myntra, Jabong/Home Shop 18 and its own website.
About Ashapura Valentine Group
The Ashapura Valentine Group consists of 2 listed companies, viz. Ashapura Intimates Fashion Ltd and Momai Apparels Ltd. Mr. Harshad H. Thakkar, Chairman & Managing Director of the Group, has a great vision at a young age of 37 years providing rapid expansion of the Group. During 2013-14 the consolidated Group turnover was INR. 2000 million and it is expected to cross INR. 2400 million in the current year 2014-15.
For further information, please visit http://valentineloungeweargroup.com/index.html
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