Kusumgar Limited (formerly Kusumgar Finstocks Private Limited, incorporated June 15, 1990) has undergone multiple name changes tied to business developments: it became Kusumgar Corporates Private Limited in November 2008 following the takeover of a proprietary concern, changed to Kusumgar Private Limited in March 2024 after business expansion, and was converted into a public limited company as Kusumgar Limited, with a fresh certificate issued on January 28, 2025.
The company has been developing and manufacturing engineered fabrics since 1970, with a portfolio of over 1,000 unique engineered fabrics. It established technical textile capabilities at its Vapi plant in 2010 for products including technical textiles, parachute fabrics, geosynthetics, and performance fabrics, and added a weaving facility at Kosamba in 2017. In 2021, it supplied recovery system parachutes with deployment bags to the Indian government.
Currently, Kusumgar manufactures woven, coated, and laminated synthetic engineered fabrics, leveraging polyamide and polyester filaments and polyurethane chemistry to meet high-performance requirements. Its products serve four segments: Aerospace and Defence Fabrics, Aerospace and Defence Solutions, Industrial and Automotive Fabrics, and Outdoor and Lifestyle Fabrics. The operations are vertically integrated across preparatory, weaving, dyeing, printing, finishing, coating, lamination, and fabrication.
The company operates six manufacturing facilities in Gujarat and one fabrication unit in Uttar Pradesh. A recent milestone includes manufacturing products for a U.S.-headquartered airborne solutions company and supplying them to an Indian government customer under a licence agreement for parachute systems in FY2025. Kusumgar plans to raise Rs 650 crore via an IPO (equity shares of face value Re 1 each) through an Offer for Sale.
