Aditya Birla Fashion and Retail Limited (ABFRL) has announced the incorporation of a new wholly-owned subsidiary, ‘Sabyasachi Retail FZ-LLC’, in Ras Al Khaimah, United Arab Emirates. This strategic move is part of ABFRL’s expansion into international markets, focusing on designer apparels, jewellery, and accessories. The new entity, established on September 16, 2026, is a step-down subsidiary through Sabyasachi India Limited and signifies a commitment to broadening its luxury retail footprint globally.
International Expansion in Luxury Retail
Aditya Birla Fashion and Retail Limited (ABFRL) has taken a significant step in its global expansion strategy with the incorporation of a new subsidiary. The entity, named Sabyasachi Retail FZ-LLC, has been established in Ras Al Khaimah, United Arab Emirates. This new company is a wholly-owned subsidiary of Sabyasachi India Limited, which itself is a subsidiary of ABFRL, thereby making Sabyasachi Retail FZ-LLC a step-down subsidiary of the parent company.
Strategic Objectives and Market Focus
The primary objective behind establishing Sabyasachi Retail FZ-LLC is to facilitate ABFRL’s business in dealing with designer apparels, jewellery, and accessories within the United Arab Emirates. This initiative aims to capitalize on the growing luxury market in the region and further enhance the brand’s international presence. The incorporation date for this new venture was September 16, 2026.
Corporate Structure and Investment
The newly formed subsidiary has an authorized and paid-up capital of AED 1,000 each, represented by 3,458 shares. The initial subscription to the memorandum of association was made at par value, indicating a direct investment from the parent entities. This move does not fall under related party transactions, and no interest from promoter or promoter group companies is involved in this initial equity stake. The company’s turnover is not applicable as it is a newly incorporated entity.
Source: BSE
