Vashishtha Luxury Fashion Limited, originally established as Vashishtha Exports in 2010, transitioned from a partnership firm to a private limited company in 2022 and became a public limited entity in May 2023. With headquarters in Mumbai, the firm specializes in exporting high-fashion hand embroidery, accessories, and finished garments, catering to international designers, fashion houses, and boutiques in regions such as Europe, the UK, USA, Australia, and Turkey. The company also offers customized design services in the textile and apparel industry, making it a trusted name among couture and prêt-à-porter brands globally.
The company's business operations are led by its promoters, Ravindra Dilip Dhareshivkar and Mustak Basirbhai Odiya. It has established a sample manufacturing facility in Mumbai, managed by its wholly-owned subsidiary, Vashishtha Embroidery Private Limited. Additionally, another production facility is operated by the promoter group entity, Anas Embroidery, a proprietorship managed by Archana Odiya, who serves as a company director.
In May 2024, Vashishtha Luxury Fashion Limited acquired a 98% stake in Vashishtha Embroidery Private Limited, consolidating its position in the manufacturing and sample development segment by purchasing 9,900 equity shares. This acquisition strengthens its vertical integration and complements its export-driven operations.
The company plans to expand through an Initial Public Offering (IPO) by issuing up to 8,00,000 fresh equity shares. This strategic move aims to raise capital for growth and development, enhancing its ability to meet the increasing demand for luxury, handcrafted, and customized fashion products in international markets. Potential investors should consider its established global presence, focus on high-fashion craftsmanship, and robust operational infrastructure as key strengths.
