Narayana Murthy’s Catamaran Venture buys 1.12% stake in Gokaldas Exports

In the past one month, the stock of Gokaldas Exports has surged 11.4 percent as against 1 percent decline of the Sensex benchmark during the same period

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26 Aug, 2025 12:21

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Venture capital firm Catamaran Ventures LLP, led by Infosys cofounder NR Narayana Murthy, bought a 1.12 percent stake in apparel manufacturer Gokaldas Exports, revealed the company’s shareholding data by the end of September. Catamaran Ventures owned around 6.7 lakh equity shares in Gokaldas Exports, which is worth over Rs 57 crore (as per October 12 closing price).

On October 12, around 5 lakh shares exchanged hands at both the exchanges, as against 4 lakh shares on a-month average basis.

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In the past one month, the stock of Gokaldas Exports has surged 11.4 percent as against 1 percent decline in the Sensex benchmark during the same period. Earlier, the stock had hit 52-week high of Rs 883 per share on August 30, 2023.

Gokaldas Exports is one of the largest manufacturer and exporter of apparels in India, with annual turnover of $200 million. Through its retail subsidiary ‘The Warehouse’ – the company sells garments to the Indian retail market through offline channels.

With more than 22 manufacturing facilities, the company is gearing up for further expansion. Some of the company’s key clientele include international brands like GAP, H&M, Adidas, PUMA and ZARA.

Also Read: A good yarn: Gokaldas Exports’ story of success likely to continue

Catamaran Ventures has made investments across high-growth sectors like e-commerce, technology, financial services, healthcare, and education.
Some of their latest investments, as per their company’s website, included SpaceX, Reddit, Loco, Udaan, Paper Boat, among several others.

In the June-ended quarter of fiscal year 2023-24 (Q1FY24), the Gokaldas Exports’ consolidated net profit declined 17.4 percent year-on-year (YoY) to Rs 32.5 crore from Rs 39.4 crore, in the year-ago period due to drop in exports to the US and European nations. The company’s consolidated revenue, too, saw a decline of 15.7 percent YoY to Rs 514 crore in Q1FY24.

That apart, earnings before interest, tax, depreciation, and amortisation (Ebitda) fell 16.7 percent YoY to Rs 60.2 crore in Q1FY24, while Ebitda margins contracted by 10 basis points (bps) YoY to 11.7 percent.

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