In a landmark move that mirrors the rising confidence in India’s rapidly advancing technical textiles sector, Motilal Oswal Financial Services Limited (MOFSL) has committed an investment of ?100 crore in Kusumgar Limited, a trailblazer in engineered fabrics. Structured through equity and preference share acquisition, this investment not only strengthens Kusumgar’s financial footing but also acknowledges its pioneering role in delivering world-class textile innovations.

On September 24, 2025, MOFSL officially sealed the deal with the purchase of over 27 lakh shares, comprising 10,95,890 compulsorily convertible preference shares and 16,43,836 equity shares. Executed under its treasury investment portfolio, the transaction is notable for being entirely independent, underscoring its strategic vision rather than a related-party association.

Since its establishment in 1990, Kusumgar has built a strong reputation in the field of high-performance fabrics, with expertise ranging from woven, coated, and laminated synthetics to advanced polyamides, polyester filaments, and polyurethane chemistry. Its vertically integrated ecosystem covers weaving, dyeing, finishing, coating, lamination, and fabrication, supported by six state-of-the-art facilities in Gujarat and a fabrication hub in Uttar Pradesh. These capabilities enable Kusumgar to serve demanding industries such as aerospace, defence, automotive, industrial, outdoor and lifestyle sectors.

The company’s growth trajectory has been impressive, with turnover leaping from ?301.65 crore in FY 2023 to ?779 crore in FY 2025. This strong momentum aligns with global trends, as the engineered fabrics market is expected to grow from US$62.5 billion in 2024 to US$103.4 billion by 2029, while India’s domestic market is projected to more than double to ?1,695 billion by FY 2030.

For Motilal Oswal, the investment signifies entry into a high-potential, future-focused industry. For Kusumgar, it provides the financial muscle to accelerate research and development, expand its operations, and capture new global opportunities. Together, this partnership marks a significant stride in India’s journey toward becoming a hub for sustainable, high-performance textile solutions.