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Profile: Saraswati Saree Depot
Jun-17-2026

Saraswati Saree Depot (SSDL) is a prominent organized player in India's saree industry, with a legacy spanning over decades. Established in 1966 and formally launched as a partnership firm in 1993, SSDL operates in the B2B and wholesale segment of traditional women's apparel. The Company generates maximum of its revenue from sarees, while also dealing in a wide range of women's apparel such as kurtis, dress materials, blouse pieces, lehengas, and accessories, offering a robust catalogue of Stock-Keeping Units (SKUs). Its operational presence includes two large-format stores in Maharashtra - its flagship store in Kolhapur and another in Ulhasnagar. In October 2024, SSDL enhanced its sourcing efficiency by acquiring office in Surat, strategically located near key suppliers. The company sources sarees from many weavers and vendors across major textile hubs like Surat, Varanasi, Madurai, and Kolkata, and primarily caters to several unique customers across southern and western India, including Maharashtra, Goa, Karnataka, and Tamil Nadu.

The company was incorporated under the provisions of the Companies Act, 2013 as “Saraswati Saree Depot Private Limited” pursuant to certificate of incorporation dated March 18, 2021 issued by Central Registration Centre, Registrar of Companies. Subsequently, the company has been converted into a public limited company and the name of the Company has changed to “Saraswati Saree Depot Limited” pursuant to a special resolution passed at the Extra-Ordinary General Meeting of the Company held on March 08, 2023 and a fresh Certificate of Incorporation dated March 31, 2023 consequent upon change of name and upon conversion to public limited company has been issued by the RoC.

Business area of the company

The company is a wholesaler of sarees, kurtis, lehengas, and other womens’ ethnic wear garments, with management spanning generations, a workforce with decades of experience, networks across the country and a loyal customer base. With its core objectives based on serving every customer, from a lady who wants to venture into entrepreneurship from her home, to dominant retailers in bigger towns and cities, the company is determined to not only expand its operations, but also to lead the charge in the growth of the industry as a whole, and promote the oldest and most experienced weavers of India.

Key awards, accreditations & recognitions

  • 2019: Received the “Star of the Industry” award at the Top 30 Kurti Expo 2019, organized by Indian Premier Fashions -Star Awards.
  • 2020: Received the “Achievers of South Maharashtra” Award by The Times of India.
  • 2020: Received the “Star of the Industry” award at the Top 30 Kurti Expo 2020, organized by Indian Premier Fashions -Star Awards.
  • 2022: Listed by Lokmat as an 'Icon of Kolhapur'. 
  • 2022: Received the “Sakal Brands of Maharashtra” Award organized by Sakal.
  • 2023: Received the “Iconic Brand” award at the Top 30 Kurti Expo 2023, organized by Indian Premier Fashions - Star Awards.

Key events and milestones

  • 1993: Started partnership firm under the name and style of “M/s. Saraswati Sarees Depot.
  • 2002: The firm organized the first annual promotional event “Utsav”.
  • 2015: Inaugurated Kolhapur Store spanning over 169,120 sq. ft.
  • 2015: Crossed turnover of Rs 3,000 million.
  • 2017: Expanded the product range by including ready-made garment i.e.“Kurtis”.
  • 2018: Crossed turnover of Rs 4,000 million.
  • 2021: Incorporated as Private Limited Company.
  • 2021: Opened Ulhasnagar Store.
  • 2022: Crossed turnover of Rs 5,000 million.
  • 2023: Converted from private limited to public company.
  • 2023: Crossed turnover of Rs 6,000 million.
  • 2023: Admitted as a partner of Saraswati Saree Depot, Ahmednagar.
  • 2024: listed on the BSE, NSE
  • 2024: SSDL strengthened its procurement capabilities by opening a 25,000 sq. ft. purchase office in Surat.
  • 2025: Launched first exclusive retail outlet in Kolhapur, Maharashtra, effective June 1, 2025.
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