The Leather That Weathers

After battling sluggish revenue growth for the past two years, Mayur Uniquoters is hoping to turnaround its performance riding on improved global demand

Photographs by Vishal Koul

When private equity firm Westbridge Capital’s Sumir Chadha decided to pick up 11% stake in Mayur Uniquoters back in 2014, he must have been confident. This artificial leather producer had scaled up well and was becoming a reliable supplier owing to its large capacity. In fact, its sales had crossed the Rs.400 crore mark in FY14 with a capacity of 30 million metres per annum.