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About the Company:
As per the Technopark report, Biba is one of the largest lifestyle brands in the women’s Indian wear market in India in terms of market share. Biba develops, designs, source, market, and sell a wide portfolio of Indian wear for women and girls across multiple brands, namely our flagship brand, BIBA, and our value fashion brand, Rangriti. Biba’s products are specifically tailored for the Indian consumer.
Biba’s brands are designed to cater to almost all of a woman’s Indian wear needs, ranging from casual wear, and occasionwear to office wear, and consequently, our products cater to a broad range of Indian wear consumers in India. As of December 31, 2021, we had 427 EBOs, comprising 308 BIBA-branded outlets and 119 Rangriti-branded outlets across 27 states and 160 cities in India, 930 LFSs across 29 states and 267 cities in India, and 30 MBOs. Biba is a well-established EBO network that is not only well diversified across all regions of India.
|Entity Name||By the Company||Against the Company||By the Director||Against the Director||By the Promoter||Against the Promoter|
|Material civil cases||1||2||-||-||-||-|
|Income Statement(in Milllions)||Dec'2021||FY21||FY20||FY19|
|Gross Operating Income||5,150.94||5,691.79||7,661.46||7,357.37|
|Cost of Employee & Inventory||655.38||713.43||1,114.33||933.43|
|Profit Before Tax||251.14||-207.82||140.30||289.89|
|Profit After Tax||182.41||-118.4||89.09||202.43|
Siddharth Bindra, Meena Bindra
• TCNS Clothing company • Trent Limited • Go Fashion (India) Limited • Vedant Fashions Limited • Aditya Birla Fashion and Retail Ltd
The proceeds from the sale of 27,762,010 equity shares will not be received by the company.
Net proceeds from the sale of fresh shares worth Rs90cr will be utilized for the following objectives; • Repayment and /or prepayment of certain borrowings availed by our Company • General corporate purposes.