Maxwell Industries: Targets Rs 1000 cr in three yearsThursday, 31 May 2012
Maxwell Industries is present throughout the spectrum of innerwear industry, with VIP innerwear in the budget and economy segment; Frenchie, a generic brand offering briefs; and Frenchie X in the premium segment for youth. In the women’s lingerie segment, VIP Feelings represents Maxwell Industries. This brand is known for its innovations and creation of categories such as nursing bras and sanitary panties. Talking about the inception and journey of VIP, Pathare elaborates, “Maxwell entered the category when it was completely a commodity market, in the year 1971. It created the brand VIP and started the most complicated process of creating a brand in a commodity market. We were the only player till the mid-eighties who were pumping money into this category for creating a brand. It has definitely paid off as far as VIP is concerned. We have seen the consumer evolving from commodity to brand to international brand. The trade has shifted from wholesale to distribution to modern trade to exclusive brand stores.”
Today, the group has a dealer network of 550 and 1,10,000 retail outlets in India alone with a potential for growing even more, which the group is intent on exploiting. “Maxwell Industries today boasts of six regional offices with a sales force of over 150 highly motivated individuals throughout major towns. The brand range starts with VIP (Male Mid Segment), Leader (Male Economy Segment – Largely Rural India), Frenchie (Male Premium Segment), Frenchie X (Male Premium Segment), Feelings (Female Mid and Premium Segment) and BRAT (Unisex Kids’ Brand on Mid and Premium Side),” adds Pathare.
Moving ahead, the company now wants to explore and focus on socks and thermals. Maxwell is also into exports exporting mostly to Middle East, Africa and some European countries.