Fabindia
Indian chain retailer / From Wikipedia, the free encyclopedia
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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]
Company type | Private/community owned |
---|---|
Industry | Textiles, home furnishings, handloom apparel, jewellery |
Founded | 1960 |
Founder | John Bissell |
Headquarters | New Delhi, India |
Key people | William Nanda Bissell (chairman) Viney Singh (CEO) |
Revenue | ₹1,392 crore (US$170 million) (FY22)[1] |
₹−39 crore (US$−4.9 million) (FY22)[1] | |
Website | www |
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]