PDS Limited Secures ₹450 Crore Sourcing Mandate from US Retailer

PDS Limited has announced a Sourcing as a Service (SaaS) agreement with a leading US-based value retailer. The contract, valued at approximately ₹450 crores (~$50 million), will be executed through its subsidiary GSCL. The development forms part of the company’s efforts to expand its business presence in the United States.

PDS Limited, a global fashion infrastructure platform, has entered into a sourcing agreement with a leading value retailer based in the United States. The engagement involves providing end-to-end sourcing services supported by the company’s global network across vendor management, compliance, and supply chain execution.

The US retailer operates across both urban and rural markets and offers a broad range of products, including consumables, apparel, home products, and seasonal merchandise at value price points. The contract is expected to generate sourcing volumes of approximately ₹450 crores (~$50 million), with scope for gradual expansion.

The execution of the contract will be handled by PDS subsidiary GSCL under the leadership of Michael Yee. Having been onboarded onto the PDS platform over the past year, Michael Yee is leading the company’s efforts to expand its operations in the US market, focusing on strengthening customer relationships and enhancing market presence through on-ground execution capabilities.

Pallak Seth, Executive Vice Chairman, said:
"In an environment marked by macroeconomic uncertainty and evolving consumer demand, securing this partnership reflects the resilience of the PDS platform and the strength of our global ecosystem. Our widespread sourcing network, deep relationships, and ability to deliver agile solutions continue to position us as a partner of choice for leading global retailers."

Sanjay Jain, Group CEO

Sanjay Jain, Group CEO, added:
"Our continued investments in cost transformation, digital capabilities, and AI-led initiatives have strengthened our sourcing platform and enhanced our value proposition. This partnership is a testament to the robustness of our operating model and our ability to deliver scalable, efficient, and innovative solutions. We remain confident in executing this engagement successfully while continuing to build a strong, future-ready sourcing platform."

PDS Limited provides services including product development, sourcing, manufacturing, and distribution for global brands and retailers, handling over $2.2 billion of Gross Merchandise Value. The company operates across more than 90 offices in 22 countries, with over 4,500 employees and 6,000 factory associates worldwide.

PDS is listed on BSE Ltd. (Scrip Code: 538730) and the National Stock Exchange of India Ltd (Scrip Code: PDSL).