Winstone news and archive

Ashapura gets investments from Canbank Capital Fund

Canbank Venture Capital Fund, a wholly owned subsidiary of Canara Bank, has invested Rs 25 crores (4.56 million dollars) in Gujarat-based Ashapura Garments for an undisclosed stake. CVCFL made the investment from its Rs 500 crores Emerging India Growth Fund, managed by Canbank. The funds would be utilised by the company, a manufacturer of jeans...

Fashion

Winstone Jeans: To add new products under sub-brands

With the last two seasons having affected sales for most players in the apparel industry most of them are now looking forward to a positive season ahead. And Winstone Jeans from Ashapura Apparels is one of them. They expect the upcoming season to rotate the sales meter for all players. “We expect a 15 per cent growth this season,” says a...

Fashion

Winstone’s Plans: Product and capacity expansion

Ashapura Garments the 32-year-old company makers of the brand Winstone, now owns 37 manufacturing units with a production capacity of 7,000 trousers a day. Of these 5,000 are denim and 2,000 casual trousers. The company has developed a fully integrated capacity in Mundra SEZ, Gujarat, where production will begin soon. Giving details, Bharat...

Fashion

Winstone to consolidate brand with EBOs

Winstone, the designer jeans brand is among the few to have set up a plant at a Special Economic Zone (SEZ). Located at Mundhra, the factory produces 20,000 pieces a day. By setting up in a SEZ the brand also availed of several benefits. Bharat Vedant, CEO, Winstone explains, “It’s a duty-free zone with income-tax exemption for 10 years. The...