House Of Pearl Fashions Limited

Achievements & Awards

We currently operate ten modern ready to wear apparel manufacturing facilities, of which seven are located in India, two in Bangladesh and one in Indonesia. This enables us to leverage relative strengths of each location and offer a wide range of product offerings to our clients. Multi country presence also helps in diversifying the risks attached to each country. Each factory specializes in a particular product range. The broad range of products that we offer includes :- Ladies tops T-shirts Denims Dresses Polos Casual Pants Knits & Woven Sweaters The present in-house manufacturing capacity of the company is twenty million pc. per annum spread over more than 725,000 sq feet of built up area with efficiently designed layouts to ensure smooth flow of materials. We are planning to double our capacity expanding our operations in Chennai, Bangladesh & Indonesia. We will have a capacity of 30 Mil. Pcs. by the end of 2009. We follow best practices in manufacturing, which ensures quality products are delivered on consistent basis. Our units are approved by some of top retailers of the world; likes of The Gap Inc., J.C Penney, Next, Liz Claiborne, Esprit. We follow ethical practices and full compliance to regulations prevailing in the country, we operate.

08 August, 2008 
Think fashion!! Think LERROS!!
Today, LERROS, a premium apparel brand from Germany marked its entry in to the Indian market.

29 January, 2008 
House of Pearl Fashions Ltd PAT at Rs.14.32 Crores
House of Pearl Fashions Limited (HOPFL), a multinational, ready-to-wear apparel Company operating in three distinct business streams:

14 January, 2008 
House of Pearl to acquire Simple Approach Limited - in Hong Kong
House of Pearl Fashions Limited (HOPFL) has signed a Memorandum of Understanding (MOU) to acquire 75% stake in the Hong Kong-based marketing company, Simple Approach Limited.

13 December, 2007 
House of Pearl Fashions Appoints CEO for its Bangladesh Operations
Mr. Carlos M. Coene has joined House of Pearl Fashions Ltd in its subsidiary, Norwest Industries Limited.

06 December, 2007 
House of Pearl to Acquire FX Imports
House of Pearl Fashions Limited (HOPFL) has acquired 50% stake in the UK-based marketing company, FX Imports Limited, through its subsidiary in the UK - Poeticgem Ltd.

29 October, 2007
Post impressive growth of 22.66% with revenues at Rs.549.54 Crores
For the Half Year ended September 2007.

31 July, 2007 
House of Pearl PAT up 19% at Rs.14.73 crores
Post impressive growth at 32% with revenues at Rs.280 Crores for Q1 FY08.

06 December 2006 
House of Pearl Fashions acquires new garments logistics
Pearl Fashions Ltd, a multinational apparel company, has acquired a new warehouse facility in Milton Keynes, UK.

10 October 2006 
House of Pearl Fashions Ltd filed its Draft Red Herring Prospectus (DRHP) 
House Of Pearl Fashions Ltd (“HoP Fashions” or the “Company”) filed its Draft Red Herring Prospectus (DRHP) on October
10, 2006 with the Securities & Exchange Board of India for its Initial Public Offering (“IPO”) of equity shares.

20 September 2006 
House of Pearl Fashions sets up US subsidiary
House of Pearl Fashions Ltd, the Rs 800 crore group engaged in management of entire supply chain of fashion industry, has set up a wholly owned subsidiary in USA, House of Pearl Fashions US Inc.

14 September 2006 
H

House of Pearl believes that any business conduct can be ethical only when it rests on the nine core values of Honesty, Integrity, Fairness, Respect, Trust, Purposefulness, Responsibility, Citizenship and Caring.

The essence of these commitments is that each employee conducts the Company’s business with integrity, in compliance with applicable laws and in a manner that excludes considerations of personal advantage.

We do not lose sight of these values under any circumstances, regardless of the goals we have to achieve. To us, the means are as important as the ends.

Mr. Deepak Seth, born 1951, a non-resident Indian, is the non-executive Chairman of the Company. He has a Bachelor of Economics from St. Stephen’s College, Delhi and Post Graduate of Business Management from Jamnalal Bajaj Institute of Management, Mumbai. He is also the non-executive Chairman of Pearl Global, the listed Subsidiary of the Company. He has over 31 years of experience in the apparel industry. He led in expanding the operations from a single manufacturing unit in India to the current operations in 12 locations across the world. He has played an important role in setting up our sourcing business in Hong Kong, Bangladesh and China, setting up new manufacturing units in Bangladesh and Indonesia and acquiring existing businesses in the U.K. and the U.S. He was elected to the Apparel Export Promotion Council in the years 1990 and 1993, and has been inducted to the Executive Committee of the Apparel Export Promotion Council as a special invitee.

Mr. Pulkit Seth, born 1980, a resident Indian, is the Managing Director of the Company. He has a Bachelor of Business Management degree from Leonard N. Stern School of Business, University of New York, U.S. He has over four years of experience in the apparel industry. He is also the Managing Director of Pearl Global, the listed Subsidiary of the Company. He has been overseeing the manufacturing operations of the Group which are spread across India, Bangladesh, Indonesia and China. He has also played an important role in streamlining business processes and enhancing relationships with leading retailers in the U.S. He was also the Joint Managing Director of Norwest Industries (HK) and continues to be on its board of directors.

Mr. Sanjay Pershad, born 1965, a resident Indian, is a non-executive Director of the Company. He has a Bachelor of Commerce degree from Delhi University. He has over 13 years of experience in the garment industry.

Mr. Samar Ballav Mohapatra, born 1944, a resident Indian, is an independent Director of the Company. He has a Bachelor in Arts degree from Delhi University and Master in Arts degree from Delhi University. He joined the Indian Administrative Services in 1967 and retired in 2004. He served as Secretary, Ministry of Textiles; Special Secretary, Ministry of Home Affairs; Additional Secretary and Financial Advisor, Ministry of Commerce and Director General of Foreign Trade. He was also the Managing Director of Industrial Development Corporation, Orissa.

Dr. Ashutosh Prabhudas Bhupatkar, born 1951, a resident Indian, is an independent Director of the Company. He has a Bachelor in Commerce degree from Pune University, a Master in Management Studies from Bombay University and a Doctorate in Organizational Studies from Pune University.

• We have dedicated teams of Quality Assurance & Quality Control
• Industrial Engineering Cells
• Compliance Teams

• Pearl Academy of Fashion, a premier institute imparting education in the field of fashion and design. Has collaboration with Nottingham Trent University and LDT Nagold to offer fashion and design programmes
• Pearl Retail School, a collaboration with The Friedman Consulting. Specializes in training of personnel in Retail sector
• Pearl Business School set up in collaboration with Babson College, Boston. Imparts education in the field of  entrepreneurship and business management to graduates and undergraduates

• Mina Seth Clinic, providing free medical treatment to the needy
• Arpan, providing free tuitions and other educational aids to underprivileged children
• Supporting various charities relating to women and children by regularly donating garments and fabric

• All products developed under strict consideration for environment
• All production facilities comply with strict ethical and environmental norms
• Minimum employment age in the Group is 18 years
• Provides equal employment opportunity
• Follow ethical practices in all facets of business
• To serve the society by building an eco friendly environment
• Develop a long term relationship with the customers by offering them best quality and value

We currently operate ten modern ready to wear apparel manufacturing facilities, of which seven are located in India, two in Bangladesh and one in Indonesia. This enables us to leverage relative strengths of each location and offer a wide range of product offerings to our clients. Multi country presence also helps in diversifying the risks attached to each country.

Each factory specializes in a particular product range. The broad range of products that we offer includes :-

The present  in-house manufacturing capacity of the company is twenty million pc. per annum spread over more than 725,000 sq feet of built up area with efficiently designed layouts to ensure smooth flow of materials. We are planning to double our capacity expanding our operations in Chennai, Bangladesh & Indonesia. We will have a capacity of 30 Mil. Pcs. by the end of 2009.

We follow best practices in manufacturing, which ensures quality products are delivered on consistent basis.

Our units are approved by some of top retailers of the world; likes of The Gap Inc., J.C Penney, Next, Liz Claiborne, Esprit.

We care about, Quality and Excellence, Health, Safety and Environment, Human Resource Development, Energy Conservation, Corporate Citizenship.

These Teams ensure that all our factories produce world class quality products across all the product categories.

In addition our sourcing offices have in house testing labs to ensure international standards for fabric, yarn and garments.