Exclusive: Fabric maker Jain Cord raises Rs 200 Cr in Series A from Lohia family office

Jain Cord, a Gurugram-based manufacturer of cotton and linen fabrics, has raised its first institutional funding of Rs 200 crore in a Series A round from the Lohia Family Office, operated under Indorama Capital Holdings Pte. Ltd.

Jain Cord Industries’ board has issued 31,79,550 compulsorily convertible preference shares (CCPS) and 100 equity shares at an issue price of Rs 629 per share to raise a total of Rs 200 crore, according to its regulatory filing with the Registrar of Companies (RoC).

According to Entrackr’s estimates, Jain Cord Industries is valued at around Rs 829 crore ($94.75 million) on a post money basis.

The fresh funds will be utilised for working capital requirements, repayment of unsecured borrowings, capital expenditure, and business expansion, along with supporting general operating expenses, as per the RoC filing.

Founded in 1960, Jain Cord Industries is a vertically integrated textile manufacturer engaged in the production and processing of fabrics and garments. The company offers end to end capabilities across weaving, knitting, dyeing, finishing, and garment manufacturing, supported by modern production technologies and process driven operations.

Jain Cord is known for its woven fabrics, including corduroy and velveteen, and serves domestic and international apparel brands. It operates manufacturing facilities in Gurugram and Kosi near Mathura, with large scale fabric and garment production capacity and a focus on quality and compliance standards.

After the fresh allotment, Indorama Capital Holdings Pte. Ltd will hold a 24.13% stake in Jain Cord Industries, while the promoters’ shareholding will decline to 75.87% from 100% on a fully diluted basis.

Jain Cord Industries reported revenue of Rs 783.33 crore in FY25, up from Rs 537.37 crore in FY24. Its profit reached Rs 19.97 crore in FY25 compared to Rs 12.52 crore in the previous fiscal.