DONEAR Group, the new-age textile and apparel maker and creator has acquired MAYUR Fabrics and PV Suiting Global distribution network from RSWM.
The acquisition will solidify DONEAR Group’s comprehensive product basket and global augmented geographical footprint. The company has enforced a consistent growth policy since 2017, with GRADO & OCM, the two world-famous textile brands that have already gathered under its portfolio.
Speaking about the acquisition, Mr Rajendra Agarwal, Promoter & Managing Director of Donear Group stated, “Sabka Saath, Sabka Vikas is not just a slogan for us, it is a way of life at Donear. We have given ourselves a vision of sustained growth and we are working towards it as a team and as a family. I have had the opportunity to interact with the LNJ family since I started business. I too very happy to hand over this business to DONEAR Group.”
Commenting on this new acquisition, Mr Rahul Rajendra Agarwal, Director, Donear Group said, “We are delighted to announce the acquisition of Mayur Fabrics and PV Suiting distribution network from RSWM Ltd. It is very exciting and at the same time inspirational for us to focus on our own businesses i.e. Yarn and Fabrics respectively. We find ourselves committed to construct further on Mayur brand and make it an integral brand of Donear group and strive to take it to the next level of success. Substantiating our mission of standing tall as a textile and apparel global conglomerate, we aim to grow from strength to strength with Mayur and PV Suiting Distribution Network on our side. This highly scalable and sustainable infusion will serve as our next giant growth engine to further enrich our portfolio and expand the market share of branded fabrics offering.”
Mr. Ajay Agarwal, Executive Director of Donear Group stated, “We have a great share in the Market having other brands like GRADO & OCM working under our group. Having Mayur Fabrics and PV Suiting distribution network will project us as a textile and apparel titan, empowering our clientele as well as retailers’ network.“ The addition of Mayur and PV Suiting Distribution Network is driven by our desire to expand our business both PAN India as well as in global markets. After Mayur’s infusion in our group, we are expecting enhancements in the existing distribution chain and market value of our conglomerate.”
Mr. Riju Jhunjhunwala, Joint Managing Director/ CEO of RSWM Ltd. affirmed, “It is a matter of pride for us that Mayur Brand is now a part of Donear Group. We could not have found a better organization than Donear to pass on our legacy to. I have seen the way Donear has taken over other brands, the way Donear has cultivated and helped prosper other brands in the past. I am telling you from the bottom of my heart, that no one would be happier than me to see Mayur Brand growing, prospering and flourishing under Donear group, our distribution network widening with time and employees at Mayur prospering in their careers with the inspiration and support of Donear Group. I just want to say that I am very happy with this transition. Like Rajendra Ji said we have been sharing business and family relations starting way back from my Grandfather’s time, I wish that our relation keeps growing as well.”