Fabindia Limited is a New Delhi-based retailer of handcrafted clothing, home furnishings, body care and organic food, founded in 1960 by John Bissell. It sold ~$142 million (₹1,220 crore) of products in FY25, 75.6% of it garments, through 300+ stores supplied by more than 55,000 rural artisans. William Nanda Bissell is chairman and Rajeshwari Srinivasan has been CEO since April 2023.
How Does Fabindia Make Money?
- Garments (75.6%): ~$107 million (₹922 crore) of kurtas, saris, tunics and jackets in FY25.
- Home and living (~13.7%): table, bed and bath linen, furniture, curtains and rugs.
- Body care and organic food (~3.7%): Fabessentials personal care and pantry staples.
- Other (6.9%): accessories, gifting and miscellaneous items.
Who Owns Fabindia?
Fabindia is unlisted. The Bissell family and associated entities are its promoters, and Premji Invest is a major investor. It withdrew a planned IPO in February 2023 and was reported in June 2026 to be preparing to revive it.
Financial Track Record
Sales were ~$175 million (₹1,508 crore) in FY20 with ~$12.1 million (₹104 crore) profit. Pandemic closures cut FY21 revenue to ~$123 million (₹1,059 crore) and caused a ~$13.5 million (₹116 crore) loss; FY22 revenue recovered to ~$161 million (₹1,392 crore) with a ~$4.52 million (₹39 crore) loss. In January 2024 Fabindia agreed to sell its roughly 64% stake in Organic India to Tata Consumer Products at an enterprise value of ~$220 million (₹1,900 crore).
Who Are Fabindia's Competitors?
Fabindia competes with Manyavar, W, Biba, Tata's Taneira, Aditya Birla's Jaypore and Reliance's Avantra. Its edge is everyday handloom and block-printed wear plus home goods, rather than heavy wedding outfits.
