PDS Limited has completed the divestment of its entire 20% stake in Mambo Leisure Masters, marking a significant step in the company's corporate restructuring initiative. The strategic move is aimed at streamlining the company's corporate structure and optimizing its business operations.

Strategic Divestment Details

The divestment represents PDS Limited's complete exit from its investment in Mambo Leisure Masters, where it held a 20% ownership stake. This transaction is part of the company's broader strategy to reorganize its corporate structure and focus on core business activities.

Corporate Restructuring Initiative

The divestment aligns with PDS Limited's ongoing efforts to streamline its corporate structure. By divesting non-core investments, the company aims to enhance operational efficiency and improve capital allocation across its primary business segments. This strategic approach allows the organization to concentrate resources on areas that align with its long-term business objectives.

Business Impact

The complete exit from Mambo Leisure Masters enables PDS Limited to simplify its investment portfolio and corporate governance structure. This restructuring move is expected to provide the company with greater operational flexibility and clearer focus on its core business activities, potentially leading to improved strategic decision-making and resource utilization.

PDS Limited has announced a strategic strengthening of its manufacturing leadership with the appointment of Abhishek Nawani as CEO-Manufacturing. This move is designed to showcase joint capabilities to customers, build strategic long-term relationships, and move further up the value chain in the global fashion supply chain solutions market.

Manufacturing Segment Transformation

The company's manufacturing segment has undergone substantial transformation over the past few years, stabilising operations and delivering profitability. The financial performance demonstrates this remarkable turnaround:

With this foundation in place, PDS Limited is focused on scaling its manufacturing operations by aligning customer engagement and operational best practices across units. Individual manufacturing units, including Good Earth and Progress Apparels in Bangladesh and the recently acquired Knit Gallery in India with revenue of ₹267.00 crores in FY23, will continue to operate as independent profit centres.

Leadership Appointment and Strategy

Abhishek Nawani's appointment as CEO-Manufacturing positions him with responsibility for customer engagement, growth initiatives, and overall P&L responsibility for the manufacturing segment. His extensive background includes:

• Nearly three decades of experience in global apparel sourcing and manufacturing operations
• Four years of association with PDS Limited
• Operations expertise across India, Bangladesh, Cambodia, Indonesia, and Egypt
• Senior leadership roles at PVH, leading sourcing offices in Egypt, Bangladesh, and Indonesia
• Previous experience with JMS Group and Busana Apparel Group

Strategic Vision and Market Position

Pallak Seth, Executive Vice Chairman, commented that this step is part of ongoing efforts to streamline focus within the manufacturing business, emphasising that the next phase is about scale, integration, and deeper customer engagement. Sanjay Jain, Group CEO, highlighted the importance of aligning capabilities, driving synergies, and maintaining strong operational discipline as the company scales manufacturing operations.

Company Overview

PDS Limited operates as a global fashion infrastructure platform offering product development, sourcing, manufacturing, and distribution for major brands and retailers worldwide. The company handles over ₹2.20 billion of Gross Merchandise Value and operates a vast global network covering over 90 offices in 22 countries, with over 4,500 employees and 6,000 factory associates worldwide. The company reported consolidated revenues of ₹1,257.80 crores in FY23 and is listed on BSE Limited and the National Stock Exchange of India Limited.