{
  "id": 3274758,
  "title": "OfBusiness apparel revenue triples to Rs 3,002 crore in FY26",
  "url": "https://urgent.news/2026/08/25/ofbusiness-apparel-revenue-triples-to-rs-3-002-crore-in-fy26",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-25T13:24:00.000Z",
  "source": {
    "name": "Economic Times Tech",
    "slug": "economic-times-tech",
    "url": "https://economictimes.indiatimes.com/tech/technology/ofbusiness-apparel-revenue-triples-to-rs-3002-crore-in-fy26/articleshow/133512631.cms"
  },
  "original_language": "en",
  "account": "B2B e-commerce platform OfBusiness has witnessed a remarkable surge in its apparel segment, with revenue soaring to Rs 3,002 crore in the fiscal year 2026, compared to Rs 843 crore in the fiscal year 2024. The company, set to go public, revealed that apparel has become its fastest-growing vertical, driven by its unique combination of manufacturing capability, deep customer relationships, and global market access. OfBusiness serves seven of the world's top 10 apparel retailers, including Uniqlo, Adidas, Skechers, Michael Kors, and Doen. Co-founder Vasant Sridhar attributed the growth to the company's strong operating footprint in South India, spanning Andhra Pradesh, Tamil Nadu, and Karnataka, and its recent expansion to over 70 countries. As one of OfBusiness's four core verticals, apparel now constitutes 15.7% of the Rs 19,174 crore commerce business, up from 4.6% in 2024. The company's rapid growth is attributed to its integrated approach, which includes sourcing and manufacturing, with Bengaluru-based Indian Design, acquired last year, playing a crucial role in this expansion. This has led to a doubling of the company's workforce to over 30,000 employees, with manufacturing operations expanding across South India, the Delhi NCR region, and Bangladesh.",
  "summary": "OfBusiness apparel revenue surged to Rs 3,002 crore by fiscal year 2026. This represents a significant increase from Rs 843 crore recorded in fiscal year 2024. The company's apparel segment has become its fastest-growing business vertical.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}