Sai Silks Kalamandir Limited

Sai Silks Kalamandir Limited (SSKL) has been a key player in the ethnic apparel retailing industry since 2005, focusing on providing diverse segments of the market with premium ethnic fashion, catering to middle-income groups, and attracting value-fashion enthusiasts. With retail locations across Andhra Pradesh, Telangana, Karnataka, and Tamil Nadu, SSKL operates through four distinct store formats: Kalamandir, Kancheepuram Varamahalakshmi Silks, Brand Mandir, and KLM Fashion Mall. The company's humble beginnings as a retailer of exquisite sarees in a 3213 square feet space have grown to a network of 54 retail locations as of FY 22. Supported by a dedicated team of over 5,000 employees, SSKL has earned a reputation as an industry leader in the Indian textile business. The recent INR3.60BVenture Round investment on 18 September 2023 has seen participation from prominent investors including HSBC, Société Générale, Eastspring Investments, Mirae Asset Capital Markets (India) Pvt. Ltd., Kotak Mahindra Bank, HDFC Mutual Fund, ICICI Prudential Mutual Fund, Abakkus, Citigroup Global Markets, and SBI Mutual Fund. SSKL aims to further strengthen its position in the market and continue its growth trajectory within the retail and fashion sectors.