Veekayem Fashion & Apparels Ltd – Company Report
1. Company Overview
Veekayem Fashion & Apparels Ltd, established in 1985 and headquartered in Mumbai, Maharashtra, is a leading Indian manufacturer and exporter of light to medium-weight fabrics and readymade garments. The company operates a modern manufacturing facility in Gujarat with an installed capacity to produce 5,00,000 meters of fabric and 1,50,000 ready-made garments monthly. With a workforce of around 850 employees, Veekayem maintains a robust presence across the Indian textile value chain, recognized for quality in both upstream fabric production and downstream garment manufacturing. Its growing reputation is supported by a pan-India market reach and expanding export activity.
Key Highlights:
- Incorporated: 1985
- Headquarters: Mumbai, Maharashtra, India
- Manufacturing Capacity: 5,00,000 meters of fabric and 1,50,000 readymade garments per month
- Employees: 850
- Operations: Manufacturing and exporting fabrics & garments
- Market: India and growing international footprint
2. Products and Services
- Grey Fabrics: Polyester, viscose, 100% cotton, linen, wool, and specialty blends
- Ready-to-wear Garments: Shirts, trousers, joggers, shorts, pajamas, and a wide range of men’s, women’s, and kids’ apparel
- Process Innovation: Continuous expansion into yarn-dyed, blended, and specialty fabrics
- Solutions: Private-label and customized textile solutions for B2B and B2C
3. Recent News and Business Developments
- Successfully raised ₹4.43 crore via IPO (July 2022) through issuance of 15,84,000 fresh equity shares, aimed at business expansion
- Upgraded manufacturing infrastructure to support 6 million meters of fabric and 1.8 million garments annually
- Ongoing investments in automation, branding, and product development to boost operational efficiency and market presence
4. Financial Performance (FY2025)
| Metric | FY2025 Value |
|---|---|
| Total Revenue | ₹321 crore |
| Net Profit | ₹7.64 crore |
| EPS | ₹13 |
| Operating Profit | ₹23 crore |
| Operating Margin | 7% |
| Dividend | Not declared (profits retained for expansion) |