Indian Terrain Fashions Ltd on Tuesday said it has tied up with Fairtrade India to offer fashion collections with an eye on serving the farmers of Gujarat besides protecting the environment
Indian Terrain Fashions is looking to be a Rs 1,000 crore firm by FY21 as the company is expanding its sales network and reach, particularly in north and eastern region, said a top company official. Besides, the Chennai-based firm is expecting its kids- wear brand India Terrain Boys to grow four times to Rs 200 crore in next three years and higher contribution from accessories to its bottom line. "We have a target of Rs 1,000 crore revenue by FY 2020- 21, which we are well on the way to achieve it," Indian Terrain Chairman & MD Venky Rajagopal told PTI. He further added: "Our gross revenue this year (fiscal) would be around Rs 700 crore and we are growing with a CAGR (compound annual growth rate) of over 20 per cent". The company has launched India Terrain Boys two years ago to focus on the fast growing kids' branded clothing segment. "Its only been four seasons but it already have Rs 50 crore revenue and we have barely pushed its distribution. In the next three ...