Vashishtha Luxury Fashion Ltd Company Summary

Vashishtha Luxury Fashion Ltd Summary

Vashishtha Luxury Fashion Limited, was originally formed as a Partnership Firm in the name and style of Vashishtha Exports pursuant to Deed of Partnership dated February 17, 2010. Vashishtha Exports thereafter converted from Partnership Firm into a Private Limited Company in the name of Vashishtha Luxury Fashion Private Limited dated September 6, 2022. Subsequently, the Company name got changed to Vashishtha Luxury Fashion Limited and a fresh Certificate of Incorporation dated May 8, 2023 was issued to the Company by the Registrar of Companies, Maharashtra, Mumbai.Ravindra Dilip Dhareshivkar and Mustak Basirbhai Odiya are the Company Promoters to monitor the strategic as well as day to day business operations. The Company is engaged in the business of exporting high fashion hand embroidery, accessories & finished garments. Vashishtha Luxury Fashion Limited is a reliable name amongst International Designers, Fashion Houses & Boutiques. It is majorly engaged in the business of exporting to various brands and Fashion Houses; however, it provide services in customized designs in textile and apparel industry. Since the beginning, it provided services to many Couture and prt--porter brands from Europe, UK, USA, Australia, Turkey and European countries.The Company operate a sample manufacturing facility in Mumbai. This facility is managed by the wholly owned subsidiary, Vashishtha Embroidery Private Limited. Additionally, they have a production facility operated by the Promoter Group Entity, Anas Embroidery, which is a proprietorship concern owned by Archana Odiya, a Director of Vashishtha Luxury Fashion Limited.Pursuant to Share Transfer Deed dated May 04, 2024, Company has acquired 98% ownership rights in Vashishtha Embroidery Private Limited by acquiring 9,900 Equity Shares of Vashishtha Embroidery Private Limited and thereby making it a subsidiary of the Company. The Company is planning to raise capital from public through Initial Public Offer upto 8,00,000 Fresh Issue Equity Shares.