Fabindia

Fabindia
Company typePrivate/community owned
IndustryTextiles, home furnishings, handloom apparel, jewellery
Founded1960
FounderJohn Bissell
HeadquartersNew Delhi, India
Key people
William Nanda Bissell (Managing Director)
Rajeshwari Srinivasan (CEO)
RevenueIncrease ₹1,688 crore (US$200 million) (FY23)[1]
Positive decrease ₹−121 crore (US$−14 million) (FY23)[1]
Websitewww.fabindia.com

Fabindia is an Indian chain store retailing garments, home-decor, furnishings, fabrics and products handmade by craftspeople across rural India. Established in 1960 by John Bissell, an American working for the Ford Foundation, New Delhi, Fabindia started out exporting home furnishings, before stepping into domestic retail in 1976, when it opened its first retail store in Greater Kailash, New Delhi. The chairman of the company is John's son, William Nanda Bissell. As of July 2020, Fabindia operated 327 stores across India and 14 international stores.[2]

In 2008, Fabindia had a revenue of $65 million, a 30% increase from the previous year. Fabindia sources its product from across India through 17 community-owned companies; a certain percentage of the shares of which are held by artisans and craftspersons.[3]

The products of Fabindia are mainly sourced from villages helping to provide and sustain rural employment in India. They are currently produced by over 40,000 artisans and craftspeople across India. The hand-crafted products also encourage good craftsmanship.[4]

  1. ^ a b Malviya, Sagar (19 September 2022). "IPO-bound Fabindia narrows loss, revenue surges 29% in FY22". The Economic Times. Retrieved 11 January 2023.
  2. ^ Bailay, Rasul. "Fabindia invites former Indigo president Aditya Ghosh to its board". The Economic Times.
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