PDS Limited Raises INR 430 Cr in QIP to Fuel Global Expansion and Innovation With the raised funds, the Mumbai-based company aims to accelerate its growth journey of expanding into new markets and categories, as well as diversifying its sourcing regions through brownfield investments, all while maintaining a robust balance sheet.

By Entrepreneur Staff

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

[L-R] Pallak Seth (Executive Vice Chairman) & Sanjay Jain (Group CEO)

PDS Limited has announced the successful completion of its Qualified Institutions Placement (QIP), raising INR 430 crore (around USD 51 million).

The QIP attracted robust interest from institutional investors, with a subscription exceeding twice the issue size.

The raised funds will be pivotal in accelerating PDS Limited's growth trajectory. The company plans to expand into new markets and categories while diversifying its sourcing regions through brownfield investments. This strategic approach aims to enhance its global footprint while maintaining a strong balance sheet.

Pallak Seth, Executive Vice Chairman of PDS Limited, said, "We are immensely pleased with the enthusiastic response to our QIP, especially as this marks our first fundraise since demerger, with participation from a diverse range of institutional investors. This funding will be pivotal in propelling our expansion efforts, driving innovation, and expanding our global footprint into new and exciting markets."

Sanjay Jain, Group CEO of PDS Limited, added, "We are delighted with the strong response to our QIP, which not only strengthens our balance sheet but also fuels our growth opportunities. Furthermore, this fundraise helps institutionalize our capital structure with the participation of leading marquee long-term investors."

Established in 1999, PDS Limited is a global fashion infrastructure platform specializing in product development, sourcing, manufacturing, and distribution for major brands and retailers worldwide.

The Mumbai-based firm operates across over 90 locations in more than 20 countries, with a workforce of over 4,200 employees and more than 6,000 factory associates.

For FY24, PDS reported consolidated revenues of INR 10,370 crore. The company is listed on BSE Ltd and the National Stock Exchange of India Ltd.

Entrepreneur Staff

Entrepreneur Staff

Editor

For more than 30 years, Entrepreneur has set the course for success for millions of entrepreneurs and small business owners. We'll teach you the secrets of the winners and give you exactly what you need to lay the groundwork for success.
Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Starting a Business

Solopreneurs Are Quietly Building 6 to 7 Figure Empires — Here's How

Today's solopreneurs are building profitable, purpose-driven six — and seven-figure businesses. But this is not a fallback plan — it's an intentional lifestyle choice.

Business News

These 3 Professions Are Most Likely to Vanish in the Next 20 Years Due to AI, According to a New Report

More than 1,000 AI experts think these are the jobs that AI will soon replace.

Business Process

Why Smart Entrepreneurs Let AI Do the Heavy Business Lifting

How modern entrepreneurs are using AI to save time, boost sales and win customer loyalty — without breaking the bank.

Science & Technology

How Can Marketers Use ChatGPT? Here Are the Top 11 Uses.

With the recent developments in AI and the popularity of ChatGPT, you may want to integrate AI into your marketing practices. Find out how.

Marketing

5 Ways ChatGPT Will Impact Digital Marketing

ChatGPT is creating ripples across the digital landscape right now. Here are five ways it can benefit your ads, campaigns and marketing strategies.