Virat Industries is a contract manufacturer of premium knitted socks that ships over nine out of every ten pairs it makes to exacting European brands - a single-factory specialist that has quietly dressed feet for the UK’s largest retailers and Swiss cooperatives for more than two decades. The company was born in the mid-1990s in Navsari, Gujarat, and built its reputation on a simple formula: invest in imported knitting machines that rivals cannot easily match, make technically difficult socks that command higher prices, and keep the same export clients for twenty years. That formula is now being rewritten from the top - a new promoter group took control in 2025, and the Board has begun altering the company’s constitutional objects to stretch far beyond hosiery into investment, real estate, and the businesses of a wider group. # Business segments A single engine - premium sock contract manufacturing for export - with every other activity supporting it. ## 1. Premium socks: a niche factory for Europe’s brands **The company makes technically complex knitted socks on imported machines for a handful of long-standing European and UK clients who pay a premium for quality that is hard to copy.** - **One roof, one product** - the entire operation runs from a single air-conditioned factory in Kabilpore, Navsari, where socks are knitted, checked, paired and packed under one roof, with no other product lines. - **Built for export from day one** - export sales consistently make up about 91-94% of total sales, with the main clients based in the UK and a customer in Switzerland, including names like Federation of Migros Co-operative Society and T. K. Max. - **Machines are the moat** - the factory runs on state-of-the-art imported knitting machines, including specialized technical-sock machines that competitors do not possess, which is how the company makes athletic and football socks that are difficult to copy. - **Compliance opens doors** - the factory undergoes a SMETA 4-pillar audit every year and holds certifications including GOTS, BCI, and ISO-9001:2015, most of which are mandatory requirements from export clients and the main gateway to winning orders. - **A wide price ladder** - the company knits everything from basic dress socks to Merino wool and bamboo socks, with export prices ranging from about ₹25 per pair at the low end to over ₹100 per pair for football socks. ## 2. Athletic and football socks: the high-margin specialty **A small volume of technically demanding sport socks - roughly 4.5 to 6 lakh pairs a year - punches well above its weight in value because each pair sells for about two-and-a-half times the price of an ordinary dress sock.** - **Hard-to-copy expertise** - these socks require specialized knitting machines and very experienced technicians, a combination that is scarce among competitors, so the company faces less price pressure in this niche. - **Supplied to clubs via brand intermediaries** - the socks are exported to more than a dozen brands who distribute them under their own labels to football clubs and other sport clubs across multiple geographies. - **Disproportionate value share** - in FY22, football and other high-priced socks jumped to nearly 19% of export sale value, up from just over 6% the year before, even though the pair count remained a fraction of total production. # Group structure and partners **The company has no subsidiaries, joint ventures or associates as of FY25, but a new promoter group now holds nearly three-quarters of the voting shares and is steering the legal structure toward a broader conglomerate role.** - **Complete ownership reset** - between February 2022 and May 2025, the existing promoters held 27.20% pre-offer and have undertaken to reclassify to public, while Mr. Bhavook Tripathi and his entities acquired 74.55% of the expanded voting capital through a preferential issue and open offer, becoming the new promoters. - **A shelved UAE subsidiary** - the Board approved incorporating a wholly owned subsidiary in the UAE in December 2025, then rescinded that approval in May 2026 before the entity had commenced any business. - **Objects are being rewritten** - in June 2026, the Board approved altering the Memorandum of Association to add investment and management services, real estate, and infrastructure to the company’s scope, moving the legal identity well beyond its textile origins. - **Group acquisition mandate** - the Board has authorized negotiations to acquire companies from the Brahm Group engaged in luxury handbags, sports fitness centres, wellness and spa operations, and seafood and meat distribution.