Parnika India Targets INR 160 Crore Revenue by FY 25-26

Parnika India,  a distinguished leader in the manufacturing and global export of exquisite women’s ethnic wear based out of Surat, announces its expansion plans to southern and eastern parts of India, along its existing base in Maharashtra and Gujarat, also the company is aiming to achieve a revenue of INR 160 Crore by the end of FY 25-26.  Established in 1984, primarily based in Surat, Parnika India was founded with a deep passion for celebrating the rich heritage of traditional Indian Clothing. With the vision to create a seamless channel from manufacturing to retail, Parnika India ensures quality and innovation at every stage.  

Operating on a B2B model, the company is seeking to broaden its reach as well as its production capacity, which is currently more than 5 lakh pieces per month. Parnika India is actively involved in several social initiatives and empowers women by offering employment and entrepreneurial opportunities, one of their goals is to have at least 50% female staff which shows their commitment towards women empowerment. 

"Parnika India is expanding its network and production capacity. We are extending our operations to the eastern and southern parts of India and adding new product lines, including uniforms and men’s wear, alongside our women's ethnic wear. We are committed to maintaining high-quality standards and are strengthening our leadership team to support our aggressive growth plans," said Vishal Pacheriwal, Managing Director of Parnika India.    

Parnika India ensures streamlined logistics and a supply chain management system by working with reliable logistics partners. They have invested in advanced inventory and distribution systems that enable efficient management of orders, shipping, and warehousing. They also leverage technology to track and manage their operations across multiple locations, ensuring timely delivery and seamless supply chain management. The company has experienced consistent growth, with its market expanding both domestically and internationally. Parnika’s growth rate has averaged 15-20% annually, with a significant increase in demand for their high-quality fabrics and collections.  

The mission and vision of Parnika India is to revolutionize the textile shopping experience for the middle class by making it more affordable and enjoyable. The company is also committed to empowering women, having already provided employment and entrepreneurial opportunities to over 2,000 female resellers, with plans to increase this number to 10,000 in the coming years.