FAZE3, a dominant player in the technical and home textiles industry, is on an accelerated growth trajectory driven by strategic investments, capacity expansion, and a commitment to sustainability. Under the leadership of Chief Operating Officer Pawan Malhotra, who joined the company a year ago, FAZE3 has significantly strengthened its market presence. With 90% of its revenue coming from exports and key partnerships with global brands like Walmart and Target, the company has invested over INR 240 crore since FY 2019 to expand its manufacturing capabilities and market share. As FAZE3 moves forward, it aims to achieve a projected 15%-18% revenue growth in FY 2025, further solidifying its leadership in the industry.
Expanding Production Capacity to Meet Global Demand
FAZE3 has been aggressively expanding its production footprint to meet the rising global demand for high-quality textile products. Since FY 2019, the company has invested over INR 240 crore from internal accruals across multiple facilities. The expansion of the Silvassa factory in 2022 has increased the company’s revenue capacity to INR 500 crore, focusing on MMF floor coverings, performance rugs, and technical textiles. Currently, the facility is operating at approximately 45% capacity, leaving ample room for further growth.
In addition to this, FAZE3 has expanded its top-of-bed and blankets segment, adding revenue potential of over INR 450 crore, with utilization now at 50%. The Panipat facility, which is undergoing significant expansion through 2024-25, is set to generate revenue exceeding INR 550 crore. FAZE3 has also invested in Mats and More Pvt Ltd in Aurangabad to strengthen its presence in the patio mats and outdoor textiles market, with an expected revenue contribution of INR 150 crore at 31% utilization.
Beyond increasing capacity, FAZE3 is integrating smart manufacturing, automation, and clean energy initiatives to ensure operational efficiency and sustainability. With a strong focus on smart production, the company is committed to reducing its environmental footprint while enhancing productivity.
Commitment to Sustainability and Clean Energy
FAZE3 is making significant strides in sustainability by integrating renewable energy and eco-friendly manufacturing practices. The company has installed a 3.5 MW rooftop solar energy system, reducing its dependence on conventional energy sources. Additionally, the transition to PNG (piped natural gas) for textile processing and the adoption of electric material handling equipment powered by lithium-ion technology have further enhanced FAZE3’s sustainability efforts. These measures not only contribute to environmental responsibility but also improve operational efficiency and reduce long-term costs.
Strengthening Global Market Position
FAZE3’s strong international presence is a result of its long-term strategic partnerships and customer-focused approach. The company supplies products to some of the world’s largest retailers, including Walmart, Target, Sainsbury’s, and Calvin Klein. The United States remains the company’s largest market, accounting for 65% of its sales, followed by the U.K. and Europe, which contribute 30%.
The company has benefited significantly from the “China Plus One” strategy, where global brands are diversifying their supply chains to India due to increasing production costs and trade restrictions in China. Additionally, U.S. tariffs on Chinese textiles have created new opportunities for Indian manufacturers, allowing FAZE3 to gain a stronger foothold in the global market.
FAZE3 is positioning itself as a preferred supplier by scaling up its MMF textiles and performance textiles segments, investing in automation to enhance production efficiency, and diversifying its product portfolio. With sustainability and technological advancements at the forefront, FAZE3 is well-prepared to meet the evolving needs of its global customers.
Financial Performance and Future Growth Projections
Despite economic fluctuations, FAZE3 has demonstrated resilience and strong financial performance. The company’s revenue for the first nine months of FY 2024 reached INR 483.50 crore, reflecting an impressive 18% year-on-year growth. Looking ahead, FAZE3 projects a revenue increase of 15%-18% in FY 2025, followed by another 15%+ growth in FY 2026.
The company’s continued investments in capacity expansion, product diversification, and digital transformation will further drive its growth. As global retailers continue to shift their sourcing strategies toward India, FAZE3 is expected to capture a larger market share and emerge as a leading global textile manufacturer.
FAZE3’s remarkable growth is a testament to its strategic vision, operational efficiency, and commitment to sustainability. Under the leadership of Pawan Malhotra, the company is making significant strides in expanding its manufacturing capabilities, strengthening global partnerships, and embracing clean energy solutions.
“Our goal is not just to expand, but to set new benchmarks in quality, sustainability, and customer service,” says Pawan Malhotra. “With a strong foundation and an ambitious roadmap, FAZE3 is poised to redefine the future of the textile industry.”
With a clear focus on innovation, efficiency, and global expansion, FAZE3 is well-positioned to lead the home and technical textiles industry into a new era of sustainable growth and market leadership.
