Haria Apparels Ltd Company Summary

Haria Apparels Limited was incorporated on 01 February, 2011. In the year 1956, the founder member of HARIA GROUP Late Shri Lakhamashi Govindji Haria, had started his business of Export of Textiles and Readymade Garments in the name of JAYANTILAL HARAKCHAND AND CO.The Company was incorporated to carry on the business of manufacturing and exporting of Ready-made Garments and thus to expand Haria Groups presence in this fast growing market segment which has a synergy with Haria Groups existing operations. The Company is presently engaged in manufacturing of Spinning, Weaving and Finished Textiles & Fabric businesses.The products, comprises of Apparels and Clothing, Home furnishings i.e.

Cushions and Bedcovers, Napkins, Table linen, Towels etc. Readymade Garments, Uniforms, Athletic Sportswear, Curtain, Knitted, Industrial Fabrics, Accessories and Material Supplies, Promotions Caps, T-shirts, Sportswear and Accessories, Wear For Men, Women and Children, Knitted Garment.As management was struggling to arrange finance from the financial institutions and bank market condition worsen during the period 2017-18,. Companys design-driven international business strategy has proved most challenging due to the economic situation in the EU, the UK and the US.

It was further destabilised by the sharp forex fluctuation. The Rupee depreciation neutralised, due to pressure from customers to lower USD prices, and by stubborn inflation. The Company has met with some success in its business negotiations in smaller markets, as well as entering some new markets, which show early promise.

However the scale of committed business from buyers does not justify set up of the planned project.