Shree Balaji (Mala) Textiles Ltd

Promoter Mr. Binod Kumar Kedia had started his journey as a trader of cotton sarees under the name of 'Shree Balaji Textile' a Proprietorship Concern in the category of Women Apparel'. In September 2005, Shree Balaji (Mala) Textiles Private Limited got incorporated and the proprietorship was taken over by the Company via a Business Takeover Agreement dated June 27, 2006. Converted to a Public Limited Company in March 2025, it have grown into a B2B saree manufacturer, maintaining core values of quality and innovation. As at March 31, 2026, Company has sold around 74,00,000 units of sarees. In order to give perpetual succession to the said Business, the Kedia Family incorporated Shree Balaji (Mala) Textiles Private Limited in September, 2005. Later, in March 2025, Company was converted into a Public Limited Company. The Company been in the business of women's apparels for over three decades, its relationships with weavers/suppliers have been a core competitive strength. Over the years, Company has developed long-standing relationships with the manufacturers in hubs like Surat, Mumbai, Kolkata, Jetpur and Rajkot. The product portfolio is vast and versatile in Indian wear for women's apparel segment. The sarees products offered by them are further bifurcated by occasion, fabric, weave, pattern and most of the revenue is generated from sale of cotton sarees. From June 01, 2025 the Company started the distributorship of Garden Vareli sarees. The Company launched the IPO by allotting 27,00,000 equity shares of Rs 10 each and raised a fresh issue of 18.90 crore on July 24, 2026.