Apollo Fashion International
- primarily a fashion manufacturer
- Saket, New Delhi, Delhi
Status: Available Now
About Apollo Fashion International
Company Overview
– Apollo Fashion Shares International Limited is a public limited company incorporated on 6 September 2023 in New Delhi, India. It operates primarily in the manufacturing and wholesale trade of premium leather goods, footwear, and outerwear. The company was established to acquire and continue the fashion business from Apollo Green Energy Limited, effective 1 June 2024, as per a business transfer agreement.
– Apollo Fashion International Limited is part of the Apollo International Group, led by Raaja Kanwar, focusing on delivering high-quality leather accessories and fashion products to elite global fashion brands. The company emphasizes craftsmanship, innovation, ethical material sourcing, and sustainable practices such as using vegetable-tanned and chrome-free leathers, minimizing waste with recycled components, and energy-efficient manufacturing processes.
– Though new as a legal entity, Apollo Fashion Shares builds on the Apollo Group’s expertise in diverse sectors but does not have a legacy dating back to 1995. It currently operates with financial stability, has a paid-up capital of approximately ₹29.77 crore, and holds potential for investment as an unlisted company in India’s growing fashion export market.
– The company’s registered office is located at Office No. Apollo Fashion Shares International Limited is located at Unit 303, Third Floor, DLF Courtyard, Saket District Centre, New Delhi – 110017, India.
Quick Overview Table
| Feature | Details |
|---|---|
| Company Name | Apollo Fashion Shares (Division of Apollo International Ltd) |
| Parent Company | Apollo International Limited |
| Founded | 1995 |
| Headquarter | New Delhi, India |
| Promoter/Chairman | Raaja Kanwar |
| Sector | Leather, Fashion, Exports |
| Core Products | Leather footwear, bags, belts, outerwear |
| Market Presence | Global (Europe, USA, Middle East) |
| Business Model | B2B export to premium brands |
| Sustainability Focus | Ethical sourcing, low-impact manufacturing |
| Status | Unlisted |
| Pre-IPO Investment | Available via unlisted shares |
| Key Strength | Long-standing brand partnerships |
| Workforce | Skilled artisans, technical designers |
| Annual Exports | In multi-million USD (approximate) |
Financial Overview
- Apollo Fashion Shares International Limited was incorporated on 6 September 2023, with its registered office at Unit 303, Third Floor, DLF Courtyard, Saket District Centre, New Delhi – 110017.
- It functions as a division of Apollo International Group, led by Chairman Raaja Kanwar.
- The company specializes in manufacturing and wholesale trade of premium leather products, including footwear, outerwear, and accessories.
- On 1 June 2024, it acquired the fashion business from Apollo Green Energy Limited under a business transfer agreement.
- “The company is committed to high-quality craftsmanship, responsible sourcing of materials, and environmentally sustainable production practices.”
- Its annual production capacity includes over 800,000 pairs of footwear, 600,000 outerwear garments, 350,000 bags, and 700,000 belts.
- Apollo Fashion Shares supplies to global brands like Mango, Bata, Steve Madden, and River Island.
- Financial Overview (FY 2022–23):
- Revenue reached ₹208.4 crore, a ~5.3% increase YoY.
- Profit before tax declined from ₹28.7 crore (FY 22) to ₹16.9 crore.
- Total expenses rose from ₹173.4 crore to ₹192 crore, showing growth in operations.
- The company is currently unlisted; standalone financials are not publicly disclosed.
- “Apollo Fashion Shares International is actively investing in increasing production capacity, advancing research and development, and strengthening its sustainability initiatives.”
- As of mid‑2025, the company remains active and continues to expand its manufacturing and export operations, retaining its unlisted status while pursuing growth.
Financial Overview
| Metric | Details |
|---|---|
| Revenue | ₹208.4 Cr (↑5.3% YoY) |
| PBT | ₹16.9 Cr (↓ from ₹28.7 Cr) |
| Expenses | ₹192 Cr (↑ from ₹173.4 Cr) |
| Capacity | 8L+ footwear, 6L+ outerwear, etc. |
| Clients | Mango, Bata, Steve Madden, River Island |
| Acquisition | From Apollo Green Energy (Jun 2024) |
| Status | Unlisted |
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FY22:
• Revenue: ₹197.8 Cr | PBT: ₹28.7 Cr | Expenses: ₹173.4 Cr -
FY23:
• Revenue: ₹208.4 Cr | PBT: ₹16.88 Cr | Expenses: ₹192 Cr -
FY24 (Est.):
• Revenue: ₹226.9 Cr | PBT: ₹21.3 Cr | Expenses: ₹204.7 Cr -
FY25 (Proj.):
• Revenue: ₹248 Cr | PBT: ₹26.5 Cr | Expenses: ₹221.5 Cr
Why Invest in Apollo Fashion Shares International Limited?
Apollo Fashion Shares International Limited, backed by the reputable Apollo International Group, is rapidly growing in the premium leather and fashion segment. With a strong global client base including Mango and Steve Madden, the company reported ₹208.4 crore in revenue (FY23), showing 5.3% YoY growth. Its focus on sustainability, large-scale production, and recent acquisition from Apollo Green Energy positions it well for long-term expansion. As an unlisted entity, it offers early investment potential in a high-demand market.
12 Benefits Apollo Fashion – Key Investment Highlights
| Pre-IPO Entry | Early access to a promising business before public listing, with high upside potential. |
| Strong Promoter | Backed by the reputed Apollo Group, ensuring leadership credibility and stability. |
| Established Export Markets | Trusted supplier to top global fashion and lifestyle brands. |
| Sustainable Manufacturing | Eco-conscious, ESG-compliant processes enhance long-term value and trust. |
| High-Margin Products | Focus on premium leather goods ensures better profitability. |
| Global Partnerships | Decades-long relationships with overseas fashion buyers and distributors. |
| Diversified Product Base | Includes footwear, accessories, and outerwear for multiple fashion segments. |
| Strong Operational Base | Modern facilities and highly skilled artisans ensure production excellence. |
| Low Financial Risk | Stable balance sheet with minimal debt and strong cash flow. |
| Growing Industry | Rising global demand for Indian leather/fashion exports boosts sector prospects. |
| Design & Innovation | In-house R&D teams deliver trend-aligned, high-quality products tailored to global brands. |
| Brand Credibility | Over 25 years of excellence in exports—trusted by global clients for quality and consistency. |
Business Segments
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Segment 1: Leather Accessories
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Largest revenue-generating segment.
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Collaborates with European brands.
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Delivers bespoke collections.
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Ensures style consistency and fine detailing.
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Segment 2: Footwear
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Focuses on export-oriented leather footwear.
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Products for both men and women.
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Known for comfort innovation.
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Meets stringent EU quality standards.
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Segment 3: Leather Outerwear
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Produces premium jackets and coats.
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Targets global cold-weather markets.
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Blends modern fashion trends.
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Prioritizes durability and comfort.
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Why It Matters
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Diversified segments reduce business risk.
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Enables service to multiple global clients.
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Supports stable, year-round business operations.
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Subsidiaries & Group Synergy
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Apollo Fashion Shares does not operate through formal subsidiaries under its own name.
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The company benefits from Apollo International Limited’s diversified group structure.
Strategic verticals of the parent company include:
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International Trading
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Textiles
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Tyres & Automotive Solutions
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Leather & Fashion (Apollo Fashion Shares)
Internal synergies leveraged by Apollo Fashion Shares :
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Shared logistics networks for efficient global distribution
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Access to group-level R&D and IT infrastructure
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Centralized financial and compliance oversight
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Working capital availability through group funding support
Collaborations and partnerships:
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Apollo Group has engaged in joint ventures and exclusive brand development programs
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These partnerships are project-based, not formal subsidiaries
Operational advantages of this structure:
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Simplified governance and management
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Reduced administrative overhead
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Focused execution of Apollo Fashion Shares core business activities
Expert Opinion
– Apollo Fashion Shares International Limited is a public unlisted company incorporated on 6 September 2023, with its registered office at Unit 303, Third Floor, DLF Courtyard, Saket District Centre, New Delhi. It operates as a division of Apollo Fashion Shares International Group and is led by Chairman Raaja Kanwar. The company focuses on the manufacturing and wholesale trade of premium leather products, including footwear, outerwear, accessories, and bags.
– On 1 June 2024, Apollo Fashion Shares acquired the fashion business from Apollo Green Energy Limited under a formal business transfer agreement. The company emphasizes sustainable production methods, such as using vegetable-tanned and chrome-free leathers sourced from Gold-rated Leather Working Group (LWG) tanneries, while also minimizing waste and reducing energy consumption.
– Its annual production capacity includes over 800,000 pairs of footwear, 600,000 outerwear garments, 350,000 bags, and 700,000 belts. It supplies products to global fashion brands like Mango, Bata, Steve Madden, and River Island.
– In FY 2022–23, Apollo Fashion recorded ₹208.4 crore in revenue, a 5.3% YoY increase. Profit before tax declined to ₹16.9 crore, and total expenses rose to ₹192 crore. The company is currently unlisted and continues to invest in capacity expansion, R&D, and sustainability for long-term growth.
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Management
Chairman & MD
Raaja Kanwar
Director
Shiraz Askari
Apollo Fashion International
Apollo Fashion International
Registered Address
- ISIN: INE0RYY01014
- PAN: AAZCA3434G
- Office No. 303, Third Floor, DLF Courtyard, Saket, New Delhi, Delhi 110017, India
Faqs
Frequently Asked Questions
Apollo Fashion is a public unlisted company under Apollo Group, specializing in premium leather products for global fashion brands.
No, Apollo Fashion International Limited is currently an unlisted company but holds strong pre-IPO investment potential.
The company is promoted by Raaja Kanwar and is part of the reputed Apollo International Group.
Apollo Fashion produces leather footwear, outerwear, bags, belts, and accessories for international clients.
It supplies products to top fashion brands like Mango, Bata, Steve Madden, and River Island.
Yes, it’s considered promising due to its strong exports, low debt, sustainable practices, and B2B focus.
In FY23, the company reported revenue of ₹208.4 crore, showing a 5.34% YoY growth.
Apollo Fashion was incorporated on 6 September 2023 and began operations officially from June 2024.
Annual capacity includes 8L+ footwear pairs, 6L+ outerwear units, 3.5L+ bags, and 7L+ belts.
Its registered office is at Unit 303, Third Floor, DLF Courtyard, Saket, New Delhi – 110017.
Yes, it uses chrome-free leather, eco-tanning, recycled materials, and energy-efficient processes.
As it is currently unlisted, you can invest through private placement or pre-IPO platforms.


