Key Quantitative Figures
- PDS Limited Gross Merchandise Value (GMV): Over USD 2.2 billion
- PDS Limited FY26 consolidated revenues: ₹13,110 crore
- Busana Apparel Group annual revenues: Over USD 500 million
- PDS global network: Over 90 offices in 22 countries
- PDS employees: Over 4,400 employees and 7,500 factory associates worldwide
Partnership Details
The strategic partnership brings together PDS Limited's manufacturing business with Busana Apparel Group, one of Indonesia's largest apparel manufacturing companies. The partnership aims to strengthen PDS' global manufacturing ecosystem and address shifting global apparel sourcing dynamics driven by new trade agreements, regional economic partnerships, evolving tariff structures, and China Plus One strategies.
Complementary Capabilities
PDS Limited provides end-to-end solutions across design-led sourcing, manufacturing, sourcing-as-a-service, product development, and brand management. Busana Apparel Group is recognized for operational excellence and world-class manufacturing capabilities with facilities across Indonesia and strategic ventures in India, Bangladesh, Nicaragua, Honduras, and Italy.
Customer Benefits
The partnership will enable customers to benefit from:
- Diversified manufacturing and customer base
- Greater production scale and flexibility
- Faster speed-to-market through integrated global network
- Enhanced supply chain resilience and risk diversification
- World-class manufacturing excellence and innovation
Management Commentary
Pallak Seth, Executive Vice Chairman: "This partnership with Busana Apparel Group reflects our philosophy that manufacturing is a strategic capability that creates lasting value for customers. This broadens our manufacturing footprint and strengthens our ability to support customers with greater flexibility, speed, innovation, and confidence."
Sanjay Jain, Group CEO: "Our manufacturing business has evolved into a strategic business driven by sustained investments. This partnership significantly strengthens our manufacturing platform and enhances our ability to deliver greater resilience, flexibility, scalability, and speed-to-market."
Mr. Maniwanen Marimutu, Chairman of Busana Apparel Group: "Our partnership with PDS brings together highly complementary strengths to create an end-to-end platform well positioned to serve the evolving needs of global brands."
Sunil Shewakramani, CEO of Busana Apparel Group: "This partnership positions us to deliver greater scale, innovation, speed-to-market, and manufacturing excellence across multiple sourcing destinations."
Financial Impact
Financial impact of the partnership not quantified in the disclosure.
Disclaimer
The press release contains forward-looking statements subject to risks and uncertainties including significant changes in economic environment, tax laws, inflation, litigation, etc. PDS Limited undertakes no obligation to publicly update these statements.