Indus Fila likely to acquire international brand

Business Standard reports that Bangalore based textile manufacturer and exporter, Indus Fila is in the process of purchasing an international brand. It has started a due-diligence process in this regard. Once it goes through, the company will enter the domestic market. According to Nitin Mandhana, vice chairman and managing director of Indus Fila,

“We have realised that acquisition of an established fashion apparel brand is the best way to enter the domestic market.”

Indus Fila has been suppling garments to brands such as mexx, Armani, Levis, Nike, Tommy Hilfiger, Philip Van Heusen, Haggar and Wal-Mart. The company had a turnover of Rs. 85 crore in the last financial year.