Bindal Exports Limited

Manufactures and exports textiles and garments from its base in Surat, Gujarat. The business is led by a promoter family: Managing Director Ravindrakumar Kanhaiyalal Arya, whose two sons, Anupam Ravindra Arya and Apurva Ravindra Arya, also sit on the board. Material related-party transactions of up to Rs 10 crore each per year are conducted with three group entities — Jaybharat Filaments, Bindal Silk Mills, and Bindal Exim. Materials account for 38.8% of revenue, employee costs 16.6%, other operating expenses 40.3%, and capex 0.7% of revenue. The company is listed on the BSE SME platform and is exempted from IND-AS reporting, with the statutory auditor flagging three non-provision items in the FY26 audit — gratuity liability, leave salary, and bonus on accrual basis.