OfBusiness doubles exports to Rs 2,500 Cr in FY26

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Small and medium enterprise focused supply chain and financing platform OfBusiness' exports more than doubled to over Rs 2,500 crore in the fiscal year ending March 2026, accounting for 12% of its consolidated revenue, according to a company press release.
The Gurugram-based firm attributed the export growth partly to global buyers diversifying sourcing away from China. It said India's growing position as a manufacturing and sourcing base has supported demand across its apparel and food processing businesses.
According to the release, the company now exports to more than 70 countries, including the US, the UK, the EU, and Japan. It expects exports to grow further in FY27. The company said the recently implemented India-UK Comprehensive Economic and Trade Agreement will support this growth by removing tariffs on nearly 99% of Indian export lines entering the UK, including textiles and apparel.
The US remains OfBusiness' largest export market, the company said. In apparel, it supplies seven of the world's top 10 apparel retailers. The company is also expanding sourcing and manufacturing capacity in Bangladesh while increasing its manufacturing footprint across India.
Exports from its food processing business, which ships products from Karnataka to the US, Canada, the EU and Australia, are expected to double again in FY27. Towards the end of FY26, OfBusiness also started exporting bulk chemicals to South Asia and the Middle East.
"Winning global customers today takes more than competitive pricing. It demands vertical integration, consistent quality, traceability and reliable execution," said Asish Mohapatra, cofounder and CEO of OfBusiness.
OfBusiness reported consolidated revenue of Rs 20,645 crore and profit after tax of Rs 724 crore for FY26. Its commerce business generated Rs 19,174 crore in revenue with EBITDA of Rs 769 crore, while operating cash flow stood at Rs 1,302 crore. The company also reported positive free cash flow of Rs 390 crore during the fiscal year. Entrackr had exclusively reported OfBusiness financial numbers last month.

document fetched 2026-08-05 08:44