Pearl Global Industries Ltd. incorporated in 1987. Pearl Global Industries Limited (PGIL) is a garment exporter, manufacturing from multiple sourcing regions within India and countries within South Asia. The product range includes knits, woven, and bottoms across men, women, and kids’ wear segments.
KEY POINTS
Product Portfolio
Woven & Knits Tops & Dresses: Strong Design Capabilities & Co-Creation with Brand with the Production Capacity of 41 Mn Units p.a. across countries,
Denim & Woven Constructed: Capability to handle various kinds of washes, garment over-dye, wet/dry processes with a Production Capacity of 17 Mn units p.a. across countries.
Outerwear: Value Add & Complex
Product Handling with a Production capacity of 6 Mn Units p.a. across countries.
Sleep/Loungewear: It specializes across knits /woven having a production capacity of 5 Mn Units p.a. across countries.
Men’s Wear: It specializes across knits /woven categories with a production capacity of 6 Mn Units p.a. across countries.
Multi- National Manufacturing Units
The company has 23 manufacturing plants across India, Bangladesh, Indonesia, and Vietnam with 80 Mn Pieces Capacity per annum. The raw material sourcing offices are in Hong Kong and Changzhou, China.
The company also has its 4 design offices in the US, UK, Spain, and HK.
Manufacturing Breakup
India - 7 units - 24.6 Million pieces p.a
Bangladesh - 9 units - 45 Million pieces p.a
Vietnam - 5 units - 6.5 Million pieces p.a
Indonesia - 2 units - 4 Million pieces p.a
Transition to Asset Light Business Model
Co. enters into collaborations with companies
worldwide, partnering with local organizations to better manage CAPEX and labor expenses.
Out of the 23 Manufacturing Facilities, 9 are managed through Collaborations.
Geographical Revenue Mix
Hong Kong - 21%
Bangladesh - 48%
India - 21%
Others - 10%
No. of Pieces Shipped
India - 19.9 Million Pieces
Bangladesh - 26.9 Million Pieces
Vietnam - 2.7 Million Pieces
Indonesia - 1.4 Million Pieces
Product-wise Revenue Bifurcation
Woven Fabrics - 56%
Knitted Fabrics - 44%
Capex
A) Co. plans to acquire land in Indore for
building a new factory in India
B) Overseas expansion in Guatemala through a JV with discussions in Bangladesh and Vietnam for acquisitions
C) Focus on expanding capacity by acquiring factories rather than companies for brands.
Clientelle
A) Large Format Clients - Walmart, Target, Primark, Muji, Sam’s Club, etc.
B) High Fashion Specialty Designer - Tommy Hilfiger, Calvin Kelin, GAP, Old Navy, Ann Taylor, etc.
Revenue Concentration
Top 3 Customers - 50%
Top 5 Customers - 67%
Top 10 Customers - 80%