PDS Limited stands as a prominent multinational fashion infrastructure company, actively involved in the trading of garments, investment holding, design, development, marketing, sourcing, and distribution of readymade garments and other consumer products worldwide. Established in 1987 and headquartered in Mumbai, India, the company has evolved into a comprehensive solution provider for the global fashion industry. PDS operates as a global organization, serving the world's top brands and retailers with operations spanning across 22 countries.
Formerly known as PDS Multinational Fashions Limited, the company officially changed its name to PDS Limited in January 2022. PDS was listed on Indian stock exchanges in 2014 following a demerger scheme. Its integrated approach to fashion infrastructure positions it as a key player in the global apparel value chain, catering to major international brands and retailers.
PDS Limited operates through multiple integrated business segments that encompass the entire fashion value chain. These segments include Sourcing, Manufacturing, and PDS Ventures and Others.
The Design-led Sourcing segment is dedicated to broadening its design portfolio, introducing new concepts and trends, and sourcing products across the value chain to facilitate fast fashion. This segment serves major clients such as Primark, Tesco, Walmart, and Kohl's. The Sourcing as a Service division offers an exclusive and independent setup, catering to specific retailers and brands by acting as their dedicated sourcing arm in designated territories.
The company collaborates with over 600 factories globally, ensuring extensive sourcing capabilities. The Manufacturing segment functions as a direct manufacturer with specialized in-house capabilities in strategic locations. Manufacturing clients include Primark, Matalan, and Sainsbury's. The Brand Management segment leverages the company's expertise to revitalize brands through brand management and the wholesale distribution of licensed brands.
PDS offers a diverse range of apparel solutions for women, men, essentials, children, and babies. The company also provides licensed apparel products, footwear, and accessories for women, men, and children, including items like bags, belts, hats, scarves, and winter warmers, in addition to home products. Furthermore, PDS engages in the leasing of real estate property.
Its comprehensive product development capabilities enable the company to cater to varied market segments and customer requirements. PDS boasts 130 well-defined production lines across countries such as Bangladesh, Sri Lanka, India, Hong Kong, the UK, Chile, Turkey, Germany, Spain, Myanmar, and others. This global manufacturing footprint ensures efficient production and delivery capabilities across multiple markets.
PDS Limited has demonstrated strong financial performance in recent quarters. The company's consolidated net profit surged by 70.4% to Rs 24.85 crore in Q3 FY25 from Rs 14.58 crore recorded in Q3 FY24. Revenue from operations jumped by 21.1% to Rs 3,124.88 crore in Q3 FY25, compared to Rs 2,579.78 crore reported in the same period a year ago.
For the full fiscal year FY25, the company reported impressive results. Revenue reached ₹3,525.77 crore as of March 2025 (Q4 FY25) with a net profit of ₹74.56 crore as of March 2025 (Q4 FY25). The company reported a 21.11% revenue increase and a 61.54% rise in net profit for Q3 FY25, indicating robust growth prospects.
Key Financial Metrics:
- Q3 FY2024-25 Performance: Net Profit of ₹24.85 Crore, Net Sales of ₹3,124.88 Crore
- FY2024-25 Performance (Full Year): Net Profit of ₹74.56 Crore, Net Sales of ₹3,525.77 Crore
- Market Capitalization: ₹5,537 Crore (Recent Data)
- Promoter Holding: 61.4% (Decreased by 5.23% over last 3 years)
- Annual Revenue (Recent): ₹12,578 Crore
- Annual Profit (Recent): ₹241 Crore
PDS Limited has been making significant strategic investments to drive future growth. The company invested approximately ₹100 crore via the P&L in growth initiatives in FY24 and ₹116 crore in the first nine months of FY25. Adjusted for these growth investments, PDS Limited would be on track to deliver approximately 3% PAT margins.
In Q3 FY25, PDS Limited acquired a 55% stake in Knit Gallery, a Tirupur-based apparel manufacturer specializing in baby wear, children's wear, and innerwear. In 2023-24, the company acquired the Ted Baker design and wholesale business from ABG Group and further acquired Asdas Turkey sourcing operations.
The company has been actively expanding its operations and capabilities. In 2022-23, the company acquired a 100% stake in PDS Brands Private Limited to enter into expansion and create opportunities in the Indian fashion and apparel business, including kids wear, inner wear, and other lifestyle categories. It also acquired a 26% stake in Sri Lankan manufacturer Nobleswear Private Limited through Norlanka Manufacturing Ltd.
PDS Limited has initiated an engagement with consulting firm BCG to optimize costs at the corporate and procurement levels. This initiative is expected to enhance operational efficiency and improve margins across the organization.
The company's leadership structure includes Deepak Seth as Non-executive Chairman of the Board, while Pallak Seth serves as Executive Vice-Chairman of the Board. Mrs. Payel Seth (Mr. Deepak Seth's wife) is also a member of the board. The non-executive and independent directors bring diverse and relevant experience across apparel manufacturing, sourcing, retail, mergers and acquisitions, and banking and finance.
PDS Limited continues to strengthen its position as a leading global fashion infrastructure company through strategic investments, operational excellence, and comprehensive service offerings to international brands and retailers.
