Shree Balaji (Mala) Textiles Ltd. IPO

Shree Balaji (Mala) Textiles Limited, is a contract manufacturer and wholesaler of cotton sarees in India’s B2B cotton sarees wholesale segment. Our Promoter’s experience in cotton sarees segment dates back to the year 1990’s, wherein our Promoter was engaged in the trading of cotton sarees. Gradually we shifted our business model from trading to pure play manufacturing of cotton sarees on job work basis and that is when along with getting manufacturing done at designated job work units, we also started our manufacturing facility in Jetpur in the name of Shree Brindavan Chandra Prints. In Fiscal 2026, our 90.75% revenue is generated from sale of cotton sarees. In Fiscal 2026, we have generated sales of ? 21,197.18 lakhs and our product catalogue consists of multiple design options to cater to all genre. Our products are recognised in textile industry under our own brand name “Mala Saree”. Our Company operates into B2B business model, focusing on selling our products through a network of approximately more than 105 brokers, approx.13 dealers, 69 wholesaler and approximately 3000 retailers as of March 31, 2026 spread across Central, East, North, Northeast, South and West parts of India.

Our products are manufactured through job workers as well as at our own manufacturing facility. The processes which are inherent in the manufacturing of cotton sarees are carried out both by the job workers and at our manufacturing facility. Approximately 95% of our products are manufactured through job workers. In the cotton saree manufacturing industry, a significant portion of manufacturing is carried out through job work units. This operating model is adopted to strategically leverage the inherent advantages of job work arrangements, primarily; (i) contract manufacturers typically operate large-scale facilities that offer economies of scale, enabling costefficient production, and (ii) they are strategically located within established textile hubs, where access to raw materials, skilled labour, and efficient, cost-effective transportation infrastructure is readily available. By engaging job workers, we are able to optimize operational efficiency, manage costs effectively, and benefit from the well-developed textile ecosystem without incurring substantial capital expenditure on in-house manufacturing facilities.