Integrated textile player Garment Mantra Lifestyle Limited has integrated its group textile operations after acquiring majority stake in two of its group textile arms—Jannat Fabrics and Apparels Private Limited and Twenty Twenty Trading LLP ‘Price Mantra’. This will aid Garment Mantra to optimise resources as well as to reduce overall operational cost.
“Jannat Fabrics being a major supplier for Garment Mantra carries vast network of other business ancillary and support service houses all over the knit city, which will support Garment Mantra from backend,” the company said in a press release.
“Twenty Twenty Trading LLP ‘Price Mantra’ which operates an unique and niche retail model for mass Indian population will give more strength to Garment Mantra in fulfilling the brand aspirations of the mass Indian Population by offering them products across categories at highly competitive price,” the release added.
“With this restructuring of the group, Garment Mantra will be positioned as a fully integrated textile player i.e. running entire textile value chain from supplying yarn/fabric to the mills for knitting, dyeing, printing, compacting factories and into a unique retailing,” the company said. “Consolidated group operations will be a major growth driver in expanding the business substantially in coming years.”