Rajnandini Fashion IPO

Incorporated in 2010, Rajnandini Fashion India Ltd. is engaged in the design, manufacturing, and sale of women’s apparel across ethnic and casual wear segments. The company caters to a wide customer base through both online and offline channels, combining traditional styles with modern fashion trends. 

Its ethnic portfolio includes sarees, kurtis, kurta sets, and dress materials, while the casual range features tops, tunics, dresses, and maternity wear made from fabrics like cotton, rayon, silk, and poly-cotton. This diverse offering helps the company target different customer preferences and price segments. 

Rajnandini operates through both B2C and B2B models. In the B2C segment, it sells directly via its website and major e-commerce platforms such as Amazon, Flipkart, Myntra, and Nykaa. The B2B segment focuses on supplying fabrics and ready-made garments to wholesalers and retailers. 

The company markets its products under multiple brands including Merira, Monira, Roly Poly, and Rajnandini, with price points typically ranging from ?250 to ?2,000. It has also strengthened its manufacturing capabilities with units in Surat (set up in 2023 with 90 machines) and Jaipur (expanded in 2024 with 50 machines). 

As of April 30, 2026, the company had a workforce of 146 permanent employees