Fab India, as we know it through kurtas, is a popular brand. It has been a while since we heard that Fab is coming to the India market. Finally, the coming thing is almost decided. 4000 crore IPO has been approved by SEBI. The company has been in operation for 62 years. The company feels that it is time to focus on things that include introducing India’s unique products to the world market, especially to reach the big league. It is in this context that Fab decides to launch an IPO in the market.
Fab India presents items that are completely original and Indian, such as desi clothes, organic food products. Their activities span a wide range of handlooms, jute, cotton, sewing, pottery, handicrafts, furniture, personal care, etc., which awaken the potential of rural areas.
Employers in rural areas
The Indian handloom sector has a huge market worth one lakh fifty thousand crore rupees. It will increase. If the IPO gets a good reception in the market as well, Fab as a brand can grow ten times faster than it is now. The growth of FAB as an employer in rural areas can also be seen from the angle of social progress. The company also plans to give shares to all the farmers, weavers and allied sector workers who have become part of the company. It will be paid by promoters Bimala Nanda Bissell and Madhukar Khera from their shares. This is totally appreciated. A world model is being built through this. This alone is the reason why Fab is gaining attention globally.
Fab India’s revenue for the financial year ending March 2022 is Rs 1392 crore. 39 crore loss. The loss was more than this during covid. But the company is optimistic as Covid is almost over. The assessment is that we can fly further.
Fab India was started in 1960 by John Bissell, an American. Bissell is coming to India to work with the Ford Foundation, which is headquartered in Delhi and aims to promote rural development. He married Bimala Nanda, a native Punjabi, and remained here. Bissell died in 1998. Now his son William Nanda Bissell is the stalwart of Fab India. Wipro’s driver Asim Premji is also behind the company.
English Summary : Fab India’s IPO soon