Rachit Prints, a company that makes special fabrics for mattresses, announced on Tuesday that it wants to grow its earnings to ₹100 crore by 2026-27. Right now, the company made ₹37.08 crore during the 2023-24 financial year. Based in Meerut, Uttar Pradesh, Rachit Prints creates unique fabrics for mattresses, including knitted and printed varieties. To help fund its growth, the company plans to launch an initial public offering (IPO) and has chosen Khambatta Securities to lead the process.
Promoter and Managing Director Anupam Kansal expressed confidence in their goal, stating, “We are excited about expanding our operations and aim to reach ₹100 crore by 2026-27.” Rachit Prints operates a large 30,625 square foot manufacturing facility in Meerut that is equipped with advanced machinery from India and abroad. In the first quarter of this financial year, which ended in June 2024, the company earned ₹9.8 crore, with a profit of ₹1.02 crore.
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