Gurugram-based textile manufacturer Jain Cord Industries has raised ₹200 crore in its first institutional funding round, securing Series A capital from the Lohia Family Office, which operates under Indorama Capital Holdings Pte. Ltd., according to regulatory filings.
As part of the transaction, Jain Cord Industries’ board issued 31,79,550 compulsorily convertible preference shares (CCPS) along with 100 equity shares at an issue price of ₹629 per share, taking the total fundraise to ₹200 crore, filings with the Registrar of Companies (RoC) show.
the transaction values Jain Cord Industries at approximately ₹829 crore ($94.75 million) on a post-money basis.
The company plans to deploy the fresh capital towards working capital requirements, repayment of unsecured borrowings, capital expenditure, and business expansion, while also supporting general operating expenses.
Founded in 1960, Jain Cord Industries is a vertically integrated textile manufacturer with operations spanning the entire value chain, including weaving, knitting, dyeing, finishing, and garment manufacturing. The company specialises in woven fabrics such as corduroy and velveteen and caters to both domestic and international apparel brands.
Jain Cord operates manufacturing facilities in Gurugram and Kosi near Mathura, with large-scale fabric and garment production capacity. The company has built its business around process-driven manufacturing, modern production technologies, and a strong focus on quality control and compliance standards.
Following the allotment, Indorama Capital Holdings Pte. Ltd will hold a 24.13% stake in Jain Cord Industries on a fully diluted basis. The promoters’ shareholding will reduce to 75.87%, down from 100% prior to the funding round.
On the financial front, Jain Cord Industries reported revenue of ₹783.33 crore in FY25, up from ₹537.37 crore in FY24, reflecting strong operating momentum. The company’s net profit increased to ₹19.97 crore in FY25, compared to ₹12.52 crore in the previous fiscal year.
The investment marks a significant institutional endorsement for Jain Cord as it looks to scale operations and strengthen its position in India’s organised fabric and apparel manufacturing ecosystem.
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