Bella Casa Fashion & Retail Ltd is a behind-the-scenes engine for India’s fashion retail boom - an Original Design Manufacturer (ODM) that designs, makes, and delivers the clothes sold by over 50 of the country’s biggest brands and retail chains. Founded in Jaipur in 1996 as a textile trading firm, it has spent three decades evolving into a technology-led manufacturing partner that takes a garment from sketch to store shelf in as little as 30 days. The recurring approach is to embed itself so deeply in its customers’ supply chains - handling design, sourcing, production, and logistics - that it becomes a preferred partner rather than just another vendor, capturing more of each retailer’s spending as it expands from women’s wear into men’s, kids’, and sleepwear. # Business segments A single engine with two chapters - a high-growth apparel ODM that now drives nearly all the business, and a legacy home-furnishing brand deliberately wound down to free resources for that engine. ## 1. Apparel ODM: the factory behind India’s fashion counters **Bella Casa acts as an outsourced design-and-manufacturing arm for India’s top retail chains, earning revenue by producing garments those retailers sell under their own labels - it is paid for making clothes, not for selling them to shoppers.** - **Designs, then delivers** - the company runs an in-house design studio staffed with NIFT-trained designers who use CAD/CAM software to adapt runway trends, street styles, and celebrity looks into production-ready garments, sharing proposed changes with partner fabric mills before bulk cutting begins. - **Six plants, one campus** - all manufacturing happens across six facilities clustered in the Sitapura Industrial Area, Jaipur, giving the company tight operational control and the ability to shift production lines quickly across units. - **Speed as a selling point** - a 30-to-45-day concept-to-shelf cycle means retail partners can respond to fast-changing fashion trends without holding excessive inventory, which is why the company calls itself a supply-chain partner rather than a plain contract manufacturer. - **Deepening wallet share** - Bella Casa already supplies roughly 40% of a typical fashion store’s requirements and has the capability to scale that to over 70% by expanding into adjacent categories like men’s and kids’ wear, which it began doing in FY24. - **Capacity with headroom** - the installed capacity of 2 crore pieces per annum can be stretched further with marginal spending on de-bottlenecking, and two additional plant sites on already-owned land provide a path for future expansion without acquiring new real estate. ## 2. Home furnishing: the legacy brand that stepped aside **Once a third of the company, the ‘Bella Casa’ branded home-furnishing business has been deliberately shrunk to a residual 6% of revenue so that capital and management attention could be redirected entirely to the faster-growing apparel ODM.** - **A brief licensing experiment** - in 2022 the company secured exclusive rights to market United Colors of Benetton home textiles in India, adding a global brand name to its distribution network before the broader strategic pivot took hold. - **Capital-intensive, so capital left** - the home-furnishing business tied up significant working capital in inventory and distributor credit, which is why management explicitly chose to realign those resources toward the asset-light, bulk-manufacturing apparel ODM model. # Group structure and partners **Bella Casa is a standalone, promoter-led company with no subsidiaries or joint ventures - a single legal entity operating from one industrial campus in Jaipur.** - The four promoters - Harish Kumar Gupta, Pawan Kumar Gupta, Saurav Gupta, and Gaurav Gupta - are family members who together hold executive director roles, combining over a century of cumulative textile experience across trading, manufacturing, and design. - The company is listed on both the BSE Mainboard (since 2018) and the National Stock Exchange (since July 2025), having graduated from the BSE’s SME platform where it first listed in 2016. - A related entity, Gupta Exports - a partnership firm in which the promoters are partners - owns the land at one of the factory plots and leases the building premises to the company for a nominal annual rent of Rs. 6 lakh.