Best Top 10 Textile Companies In India Best Company Insights

Top 10 textile companies in India

The global textile market exhibits strong growth potential, driven by various factors including fashion trends, sustainability, and technological advancements.

Both the USA and India represent significant markets with their unique growth drivers and opportunities within the global landscape. India, in particular, is poised for substantial expansion due to its large domestic market and government support.

The global textile market was valued at an estimated size of approximately $2 trillion in 2024. The apparel market alone is valued at around $1.8 trillion in 2024. The global textile market is expected to grow at a CAGR of around 3.57% to 7.4% from 2025 to 2034 from $2.6 trillion in 2025 to $4 trillion by 2034.

The US textile market was estimated at around $259 billion in 2024 while the home textile market alone was valued at $20 billion in 2024. The US textile market is projected to grow at a CAGR of 3.9% from 2024 to 2034 and is expected to reach $350 billion by 2034 considering the recent implementation of tariff.

Indian textile market was estimated at approximately $176 billion in 2024 while the apparel market is estimated at $100 billion in 2024. The Indian textile market is expected to grow at a CAGR of approximately 10% from 2025 to 2034 expected to reach $300 billion by 2034 depending on the economic growth in India.

Impact of Trump Reciprocal Tariff

The Trump administration imposed a 27% reciprocal tariff on Indian goods, including textile products. This was in response to what the U.S. considered to be high import duties levied by India on American goods.

It’s important to note that while this 27% tariff was applied to a range of Indian goods, including textiles, the impact varied across different sectors.

Compared to some other countries, India’s tariff rate was relatively lower. For example, countries like Vietnam and Bangladesh faced higher tariff rates. Countries facing higher tariffs saw a potential decline in their competitiveness in the U.S. market.

This created opportunities for countries with relatively lower tariffs, like India, to potentially increase their market share in the U.S. Let us analyze a few textile companies in India that will get benefited.

Top 10 textile companies in India

Let us now analyze the top 10 textile companies in India that will benefit from this change in the textile industry worldwide due to the Trump tariff.

Below are the top ten textile company in India.

Top ten textile company in India

Vedant Fashions Ltd. (Manyavar) one of the top textile companies in India

Vedant Fashions Limited (VFL) is India’s leading branded celebration wear company, renowned for its flagship brand Manyavar, along with other brands like Mohey, Mebaz, Manthan, and Twamev. The company primarily serves the ethnic wear needs of men, women, and children for weddings and festive occasions.

Operating under a nearly 100% franchise-owned exclusive brand outlet (EBO) model, VFL has built an extensive retail footprint with 694 EBOs across 271 cities in India and internationally as of March 2024. With a strong focus on asset-light growth, brand equity, and omnichannel retailing, VFL continues to dominate the men’s Indian wedding wear segment with a market share of approximately 40%.

Revenue Breakdown for FY 2023-24

Vedant Fashions derives the vast majority of its revenue from the domestic market. In FY24, the company recorded total revenue from operations at ₹1,383.28 crore, out of which ₹1,300.63 crore (94.03%) came from domestic sales and ₹82.65 crore (5.97%) from exports. This demonstrates the company’s stronghold and brand recall within India while also gradually tapping into international markets with a sizable Indian diaspora.

However, out of total export revenue of ₹82.65 crore in FY24, the United States contributed ₹49.96 crore which is 60.46%. So, the impact of the Trump tariff on textile companies in India will be limited, rather it has the opportunity to increase its market share in the US.

Its consistent margins (EBITDA ~47%), strong balance sheet, and scalability potential make it a compelling long-term investment opportunity in the branded apparel space.

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KPR Mill Ltd. Among the top textile export companies in India

KPR Mill Ltd is a leading Indian textile conglomerate with integrated operations across yarn, fabric, and readymade garments, along with diversification into sugar and ethanol manufacturing. Headquartered in Coimbatore, Tamil Nadu, KPR Mill is known for its vertically integrated structure, operational efficiency, and significant global presence.

Its garment division is the company’s flagship segment, with clients across Europe and North America.

Revenue Breakdown for FY 2023-24

For the financial year 2023-24, KPR Mill achieved total revenue from operations of ₹5,260 crore. Out of which the export contributes ₹3,573 crore (~68%) of total revenue while the domestic revenue contributes ₹1,687 crore (~32%).

The company mainly exports garments to global markets while domestic revenue is driven by its yarn, fabric, and ethanol businesses.

Out of total exports, Europe (Germany, France, Italy, etc.) contributes ~45% of the total export revenue while the United States contributes ~30% and other countries such as Canada, Australia, etc. contribute ~25%

Europe remains the dominant export destination for KPR, particularly for garments. The US market has also been growing steadily as part of KPR’s client diversification efforts.

KPR is actively exploring new geographies while deepening relationships in the US and EU markets.

The company’s emphasis on vertical integration, automation, and responsible manufacturing underpins its resilience and scalability. With strong fundamentals, rising global demand for Indian textiles, and diversification into ethanol, KPR Mill is well-positioned for 10-12% CAGR growth over the next five years.

Welspun Living Ltd. Among the top textile export companies in India

Welspun Living Ltd is India’s largest exporter of home textiles and a global leader in the sector. It caters to 17 of the top 30 global retailers, supplying a wide array of bath linens, bed linens, rugs, and carpets.

With operations in over 50 countries and a strong footprint in both B2B and B2C segments, Welspun has evolved into a vertically integrated powerhouse emphasizing innovation, branding, and sustainability. Its domestic brand ‘Spaces’ and licenses like Disney and Wimbledon have strengthened its position in India’s growing lifestyle retail market.

Revenue Breakdown for FY 2023–24

For the financial year ending FY23 (with 9MFY24 considered for run rate), the company’s revenue was approximately ₹7,259 crore out of which the export contributed ~₹5,081 crores (~70%) of total revenue while the domestic revenue contributed ~₹2,178 crores (~30%).

Based on Welspun’s global clientele, historical data, and focus regions, approximate export revenue shares, the United States contributes ~55% of the total export revenue while

The United Kingdom & EU contributes ~30%, and Others (Canada, Australia, etc.) contributes ~15%.

The US continues to be Welspun’s largest market, with a strong warehouse and distribution network supporting B2B and D2C operations. The company will face the impact of the Trump tariff in the short run; however, it can benefit from the higher tariff on other textile export countries.

Gokaldas Exports Ltd. Among the top textile export companies in India

Gokaldas Exports Ltd (GEL) is a leading Indian apparel exporter with over four decades of legacy, supplying high-quality garments like outerwear, activewear, and sportswear to major global fashion brands such as H&M, Puma, Adidas, and Marks & Spencer.

Headquartered in Bengaluru, it operates over 30 manufacturing units across Karnataka, Tamil Nadu, and Andhra Pradesh. GEL offers end-to-end solutions including product design, development, manufacturing, and compliance services. With a focus on product innovation, sustainable operations, and digital transformation, GEL is solidifying its position as a trusted global sourcing partner in the fashion industry.

Revenue Breakdown for FY 2023–24

For the financial year ending FY24, the export contributed ₹2,124.4 crore ~95.5% of total revenue while the domestic revenue contributed ₹101.1 crore ~4.5% of total revenue. This is one of the top textile export companies in India.

North America (US & Canada) contributes ~60%, while Europe (UK, Germany, etc.) contributes ~30% of total export revenue. The export revenue from other countries such as Japan, Australia, the Middle East, etc. contributes ~10%.

The company primarily exports to North America, followed by Europe. Hence, the company will face the impact of the Trump tariff in the short run; however, it can benefit from the higher tariff on other textile export countries.

Himatsingka Seide Ltd. one of the top textile companies in India

Himatsingka Seide Ltd (HSL), headquartered in Bengaluru, operates a fully integrated global textile business, specializing in home textile products such as bedding, bath, drapery, and upholstery.

The company manages the entire value chain—from spinning yarn to branding and retail—serving large global retailers. It owns prestigious brands like Calvin Klein, Tommy Hilfiger, and Royal Velvet and holds licenses for others including Disney and Waverly. Himatsingka’s integrated operations span state-of-the-art manufacturing facilities in India and a robust global distribution network.

Revenue Breakdown for FY24

For the financial year ending FY24, the export contributed ₹1,835 crores (63%), while the domestic revenue contributed ₹1,082 crores (37%) out of the total consolidated revenue of ₹2,917 crore (vs ₹2,738 crores in FY23)

North America (primarily the USA) contributed ~76% of export revenue, while Europe & UK contributed ~15%, and the Rest of the World contributed ~9%. The US continues to be the largest market, driven by long-term retailer relationships and brand licensing.

Net debt reduced from ₹2,368 crore in FY23 to ₹2,097 crore in FY24. EBITDA was up 26% YoY in FY24; cost controls and operational efficiency boosted margins.

The strategic mix of vertical integration, brand strength, and operational streamlining positions Himatsingka for steady growth. FY25 outlook includes sustained EBITDA improvement, reduction in finance costs, and expansion of domestic retail footprint.

Other Top Textile Companies in India

Garware Technical Fibres Ltd.

A leader in technical textiles, producing specialized products for industries like fishing, aquaculture, and infrastructure. Their innovative and niche product focus provides a unique growth avenue.

Vardhman Textiles Ltd.

A well-established player with a strong reputation for high-quality yarns, fabrics, and garments, catering to both domestic and international markets. Their consistent revenue growth indicates stability and potential.

Raymond Ltd.

A household name known for premium fabrics and a growing presence in ready-to-wear apparel. Their brand strength and expansion into new segments fuel growth.

Arvind Ltd.

One of India’s largest integrated textile manufacturers, with a strong emphasis on denim and lifestyle products. Their focus on export growth and a robust domestic retail presence are key drivers.

Jindal Worldwide Ltd.

A key player specializing in denim fabrics, premium shirtings, and home textiles, with a focus on innovation and a diverse product offering for domestic and international markets.