TA Associates has completed a $140m minority investment in TCNS Clothing Company Pvt. Ltd., a New Delhi, India-based branded women’s apparel platform.
Led by O.S. Pasricha, Founder, and Anant Daga, CEO, TCNS Clothing designs, manufactures and sells contemporary ethnic wear, targeting women between the ages of 25 and 40. Through its three brands – W, Aurelia and Wishful – the company is present in more than 1,600 points of sale across India, Mauritius, Sri Lanka and the Middle East, and in over 300 exclusive stores in more than 100 cities. In addition to the physical stores, the three brands have a strong presence across large multi-brand retailers and online portals.
TCNS achieved consumer sales of more than $120m in fiscal year 2016.
In conjunction with the investment, Naresh Patwari, a Director at TA Associates’ Mumbai office, and Naveen Wadhera, a Managing Director at TA Associates and Co-Head of Asia, will join the TCNS Board of Directors.
FinSMEs
19/08/2016