Business Plan
Business Plan
1.EXECUTIVE SUMMARY
Vision/Goal
The vision is to revive the extinct or endangered global traditional embroideries and prints, initially from
India. By giving hand work to the local artisans who are unemployed but skilled in their regional local
craftsmanship from fabric art to hand painting art. The aim is to make India known for its excellent hand
work and Indian loom made and sustainable fabrics. Our target audience are people all over the world to
wear Haute Couture and Ethnic wear with textiles embellishments. We shall only promote the sustainable
environment freely. Our motto is to reduce the waste by fulfilling the demands in the market with
sustainable and textiles development.
1) To promote and practice the Indian traditional hand textiles from Kashmir to Tamil Nadu and Gujarat to
Arunachal Pradesh.
2) To promote Indian handloom work and make it cost-friendly from manufacturing to consumers to buy.
2) To reduce the waste with adopting sustainable textiles materials for embroideries and prints
3) To provide employment to traditional textiles women in local villages
4) To promote Indian clothes in the modern stylish patterns to make market trends
5) Skill development of hand art and textile art among youngsters and open skill-learning development
and employment facility centres in India
6) Reduce machine work and reduce climate change and global warming
7) To create a win-win situation and to make our country GDP on the top
8) To uplift economically weaker sections and make them affluent to get quality education.
9) To develop a creative atmosphere in the Textile industry so that we are self-dependent fashionable
creative garments
10) To increase more export of garments from India to other countries and to balance of EXIM trade
Right now, we are manufacturing through word of mouth. Once the customers buy from us, 90% of them
repeat and shop over and over again. We ensure the best fabric quality, fitting and finishing of the
garments.
We have enough to run our business at a small level but we see there is a gap in the market to be filled
by our line of sustainable traditional clothes as people are getting aware these days.
COMPANY OVERVIEW
Company Profile
Company Vision The cause of our Startup is to revive the extinct Indian traditional
embroideries and prints. By giving hand work to the local artisans
who are unemployed but skilled in their regional local craftsmanship
from fabric art to hand painting art. The aim is to make India known
for its excellent hand work and Indian loom made 100% sustainable
fabrics. Our target audience are the people of India and abroad to
wear Indian clothes and western clothes but in Indian embroideries
and prints. We shall only promote the sustainable environment
freely. The packaging and packing of the clothes shall be 100% only
extracted from animal excretion waste or recyclable waste present.
Our motto is to reduce the waste with being fulfilling the demands ins
the market with sustainable and textiles development
2. PRODUCTS
Haute Couture Traditional Accessories
Fit Comfort
Product
Specification Fabric Natural Fabrics**
Skirt Jacket
Suit
Jacket
Suits
Jackets
Industry Overview Fashion means products related to clothing, beauty and appearance.
Fashion is a diverse and broad industry which offers products
consumed by everyone on the planet. Fashion products include mass
marketed fast moving products, niche products, traditional crafts,
handcrafted products and reused products.
● How huge is this market and why are we entering into this
business?
Fashion is the 4th largest sector in the world with its value of 3
trillion dollars world economy in 2022.
Fashion industry growth rate of 4.5% from 2022's sales numbers.
Global fashion GDP contribution to 2-2.3% every year
The global fashion industry produces more than 100 to 150
billion items of clothing per year
Australia spend the most on fashion apparels
Four levels of fashion industry: Raw Materials Producers,
Apparel Manufacturers, Retail & Media/Consultants.
Relevant Market and Size The domestic apparel & textile industry in India contributes approx. 2%
to the country's GDP, 7% of industry output in value terms. The share of
textile, apparel and handicrafts in India's total exports was 11.4% in
2020-21. India holds 4% share of the global trade in textiles and
apparel. The market's largest segment is Women's Apparel with a
market volume of US$43.65bn in 2023.
Customer Analysis
Collection Exclusivity
Trending/Classic/Festive
Uniqueness in style
Global Inclusion
Purpose as when to wear
Visualization
Customisation
Branding
Creative Visualization of Brand & Products
Pricing
Ease of search
Fast Browsing Speed
Styles
Customer Search Behavior & Instant suggestions
Meeting Purpose
Purchasing
Personalized Shopping Experience
Efficient Post-Sale Services - Delivery, Return & Exchange
Target Customer Profile A PARANTAP SHEKHAR customer is confident, sharp and assertive,
conscious of the environment, and has a distinctive personality. He/she
makes choices that are inspired by global influence and embraces work
of art. They are comfortable in their own skin and flaunt their
imperfections with confidence.
On the contrary, they are simple, minimal, and sensitive in their
approach towards style. They exactly know who they are and make
choices that resemble their beliefs in life.
We at the house of PARANTAP SHEKHAR cater to anyone who
understands their needs, and wants to wear a marriage of global design
in its truest sense in a modern way. We are here to help people
understand what “conscious designing” is. Curating larger than life
garments we’re rooted in our philosophy of art, culture, history,
modernist style, sustainable development in fashion.
We deeply care about the hard work, and sentiments of our artisans and
craftsmen who work relentlessly to keep the golden artform alive over
the years. There has never been a great time up until now when we
revive old traditions, practices, art forms, and integrate them with a
sense of personal style.
Cultures that speak of civilization, society, a way of life, customs,
traditions, heritage, value system, social behavior and patterns we
encapsulate all these under one roof at PARANTAP SHEKHAR.
Competitive Analysis
Ethnic Couture
1. SABYASACHI
2. ANITA DOGRE
3. TARUN TAHILIANI
4. ROHIT BAL
5. ABU-JANI SANDEEP KHOSLA
6. GAURAV GUPTA
7. MANISH MALHOTRA
Indian, Indo-Western, Sarees, Lehengas, Kurtas, lenghas, sarees, jackets. Western wear: tops,
MENSWEAR: Shirt, Bandi-kurta set Style and design: The luxury Western Wear
designer makes fashion with most focusing on
LOVE CHILD RANGE :
bridalwear with lehengas, sherwanis and fusion
MAKEUP: Liquid Lipsticks, Bullet Lipsticks, Nail wear staples a part of the design makeup. They
Enamel make use of a lot of digital prints, sequence work,
EYE: Kajal, Liner western cuts and drapes, patch work, mirror work.
WELLNESS: Anti Anxiety Oil, Intimate Wipes Designs that are modern in approach with use of
muted tones, and pastel undertones.
SKIN: Face Mists, Sheet Masks
Style and design: Unconventional prints along Shipment throughout India and internationally to
with feminine drapes and silhouettes. Designs for only the USA, UK & Canada currently. Free
women with experimental style sense as well as shipping on all orders worth Rs. 10,000 & above in
firm cultural roots. India. Free shipping on all international orders
About the brand: With the anytime anywhere worth Rs. 15,000/$200 & above. No exchange, no
ensembles, House of Masaba is bridging the gap return, no refunds and no alterations possible on
between Haute and Pret Couture. The label has sale/discounted merchandise.
option to pay for order at the time of delivery Sales medium: Own website, Aza fashions,
Elahe, Ajio Luxe, Tata cliq luxury.
(“Cash on Delivery”) is available only in selected
pin codes within India, and is subject to the order
value cap of ₹20,000. Standard dispatch timeline MARKETING EFFORTS
for Ready to Ship products is 5 working days for Social media: Instagram, Facebook
both Domestic and International orders. takes 1 –
4 business days depending on the pin code for Website: A basic e-commerce website showcasing
delivery within India and 2 – 4 business days for all the products available at their brand. Their shoot
deliveries outside India. aesthetic is artistic, dynamic, conceptualized shoot,
and neat for buyers to see the products clearly.
Customer support offered: Products once
Every product detail includes- Fabric, Embroidery
delivered cannot be returned. only be exchanged
Details, Colour, Length In Inches, Components,
for another product or store credit. They do not
Shipment, Care Instructions.
permit any returns or exchanges for international
orders, unless the product is damaged or Paid ads: yes
defective, or if merchandise delivered is different Brand collaborations: LogitechXpankajNidhi
from what you had ordered.
Logitech brings forth an amalgamation of
Product quality: high end premium luxury functionality and design with minimalist, modern,
offered in all segments of products. Use of wireless, compact products and offers the flexibility
sustainable and natural fabrics that feel to work from anywhere.
comfortable on the skin and look luxe.
MARKETING EFFORTS
Brand collaborations:
Kurkure- In 2020, Masaba designed festive
hampers, in line with her vibrant and bold
personality. i.e #masabaXkurkure
Price: Price:
Products offered:
Products offered:
Womens wear:
Age of audience served:
Wedding / Festive: Lehenga, Gown, Saree,
Style and design:
Anarkali, Sharara, Kurta set, Contemporary,
Drape set, Jacket set, Jumpsuit, Peplum. About the brand:
Social media
Age of audience served:
Website
Style and design:
Paid ads
About the brand:
Brand collaborations
Delivery and shipping:
Product quality:
Sales medium:
MARKETING EFFORTS
Social media
Website
Paid ads
Brand collaborations
1. Offering a premium Couture and Ethnic range in exclusive capsule collection
2. Encapsulating global textiles at house of Parantap Shekhar that curates brand statement
3. Curating collection that’s luxury in truest of essence
4. Customers get to wear Parantap Shekhar styles that make them stand out in the crowd and be
called a Parantap Shekhar man and woman
5. Offering collection that transcend time and represent a piece of royalty and historical era
6. Voicing and amalgamating sustainibility in our brand values and collection
7. Creating a global culture through our collection promoting oneness as a global fashion
8. Showcases unity in diversity right from the fabrics, design, textiles and customers
9. Reviving the extinct traditional textiles across the globe
10.Bridging and communicating the gap between art, innovation, newness, modernity and fashion
11.Contributing to the society, environment to nurture sustainable development as a core value
12. A framework of minimalistic approach in designs for customers to feel touched and moved
13. The brand Parantap Shekhar is born to passionately serve the people with his inspiring design
Market Analysis
SWOT Analysis
STRENGTHS WEAKNESSES
1. Creating awareness regarding art all over 1. We're a new entrant into the market, with
the world through fashion. almost no prior experience.
2. We’re a sustainable fashion brand that 2. Fashion industry is dynamic, it’s difficult to
believes in “conscious clothing”. predict the fashion market
3. There’s a garment for everyone from 3. Being an online platform business, it’s a
basic to high end fashion. challenge to make direct communication with
4. Inclusive of global art forms and fashion customers.
tecniques. 4. It is a highly competitive market, therefore
5. Generating employment for artisans, our reach to customers might be time taking
promoting handwork, and especially and slow initially.
emphasizing women empowerment. 5. Team building - Recruiting the right people
6. Ambassadors of “climate change”, who understand the brand and are skillful, is
educating people how the fashion industry challenging.
is causing global warming. 6. Building a community online is a time
7. Exclusive design, unique and handcrafted consuming and tough process.
garments. 7. We have to pour in a huge investment
8. Promoting not only Indian fashion but also initially.
diverse cultures through the medium of 8. There is always a risk related to the
fashion. investement.
9. We’ll be building an online community
through Instagram, Facebook which will
increase brand engagment.
10.Starting a podcast will help us develop a
one on one relationship with the audience
wherein we bring up topics like- evolution
of art, significance of architecture,
globalization in the fashion industry,
metaverse, sustainability in fashion etc.
11.We’ll be available in physical stores soon,
through which our customers can see our
garments in person.
12.Varied styleable approach to garments,
essence of wearing luxury when wearing
PARANTAP SHEKHAR outfits.
13.We’re totally an in house production
therefore we’re independent in all aspects
of business.
14.Originated in India for people all over the
world.
OPPORTUNITIES THREATS
1. Filling in the gap in the market by 1. Comparison with other brands: it's
introducing “ green clothing” challenging to create a brand image in the
2. Uplifting the lower section of the society market and not let our brand be compared
by generating employment and putting art with others. Therefore it’s vital for us to
on the global map. launch and communicate our brand in our
3. Promoting textile : natural and man-made own style.
fibers. 2. Competing with the existing trusted brands
4. The younger generation is aware of the and gaining customer loyalty.
hazardous impact of global warming and Deviating customers is a key challenge.
this creates an opportunity for us to bring 3. Sustainable fabrics are expensive and will
out, discuss, and create garments that are increase our cost.
not harmful for the health of the earth 4. There is still a large audience that isn’t
5. People are willing to pay for quality aware about sustainability and isn't ready to
products and not for cheap quality spend and try out sustainable brands.
6. People prefer to buy online since the
COVID outbreak
7. People prefer comfort today more than
ever, it's all about the clean, simple,
minimal look. Be it couture , street wear,
casual or formal clothing. They want to
wear traditional outfits but keep it simple
and subtle.
8. We create multidimensional garments,
there’s something for everyone.
PESTLE Analysis
P - Political
● Tax policy: 44% of consumers think the
government should promote a more
sustainable approach to fashion, such as
offering tax breaks, according to a new
survey by Global Data.
L - Legal
● Legal factors include:-
● Labour laws:- health and safety for workers:
at all times we will take care of our workers
working conditions. Their comfort will always
be our first priority. All rights will be given to
workers
● equal opportunities for employees
● advertising standards
● consumer rights and laws
● product labelling
● product safety.
5.DESIGN PRODUCTIONS
DESIGN PRODUCTION
● Product Analysis
INDIRECT ● Labels
● Tags
● Muslin pouch
● Wrapping paper
● Paper tape
● Envelopes
● Greeting card
● catalog
● Boxes
● Ribbons
● Invoice
● Business card
● Letterhead
MARKETING MIX
PRODUCT We’re going to introduce 10-12 garments into the market initially, targeting the age
group 18-50 years.
Branding
● Eye pleasing and catchy
● Focus on brand philosophy
● Feeling of buying a experience
● Minimalistic-psychological branding
● Basic colours
● Less and better space management
● Skin safe dyes and chemicals
2 Will the pricing be accepted by our target ● Pricing according to quality, buying
customers experience and brand value
● Premium and competitive pricing
● Selling in niche market place
3 Will the working/operational cost affect ● A budget will clearly state a desired amount
pricing or not? for operational cost plus extra funds for
back up
● All the operational costs will be anticipated
closely on the basis of sampling cost
5 Will the brand make market position in ● High quality fabrics and brand experience
niche segment ● Intricate designs and exclusive collection
● Premium pricing
● Giving a tough competition to our direct
competitors
10 Finding the right vendors to source ● Contacting vendors from all across the
country and choosing on the basis of:
6 Shivam Dixit Social Media Brand PR Making & Posting IG Reels &
Digital Creator Posts, FB Posts, Following
Photographer Social Media trends,
Cinematography Increasing the brand reach
PRODUCTION
● Fabric Purchase
● Computerized Embroidery
● Branding Tags
LOGISTICS ● Delivery
PRODUCTION TAT TO DELIVERY ● Mean of 2-3 of days (16-24 Hours) every garment
TIME
INVENTORY DELIVERY & ● As soon as the order placed by the customer, the
SHIPPING inventory shall be released for dispatch by the
third-party delivery partner
NAME
CASH INFLOWS
Cash Sales
Credit Sales
CASH OUTFLOWS
Salary
Wages
Rent
Utilities
(Internet, Electricity, Water,
Softwares, Print Outs,
Transportation)
Maintenance Expenses
Interest
Taxes
Opening Balance
Closing Balance
BALANCE SHEET
ASSETS
Non-Current Assets
Accumulated Depreciation
Current Assets
Cash
Inventory
Non-Current Liabilities
Interest
Taxes
Current Liabilities
Interest
Taxes
Total Liabilities
Payback Provisions
Equity
Owner’s Savings
INCOME STATEMENT
Sales Revenue
Gross Margin %
Expenses
Salary Payroll
Marketing Expenses
Equipment Depreciation
Software Expenses
Rent
Transportation
Maintenance Cost
EBITDA
Interest
Net Profit
Shareholders Money
Retained Profit
Enterprise skills may include:
https://docs.google.com/spreadsheets/d/11EFPF_Mkni-V_9bGYdlOeVL_udi0KLla3J5GdAisEDk/edit
#gid=638431844
https://www.youtube.com/@padhleakshay/videos
https://fashinnovation.nyc/fashion-industry-statistics/
https://simplicable.com/new/fashion-products
https://www.zippia.com/advice/fashion-industry-statistics/
https://www.statista.com/statistics/1305696/apparel-industry-co2e-emissions/
https://home.ubalt.edu/ntsbpitt/SpreeMPE.htm
https://www.godaddy.com/garage/create-marketing-plan/?gclid=CjwKCAiAjPyfBhBMEiwAB2CCIsis
Kj6bp0l_5bWRiQfcQUl_Mc1bEniM3M42i6JsdAMjbz_sYaChSBoCeNgQAvD_BwE
https://asana.com/resources/competitive-analysis-example