In a move that strengthens Odisha’s ambitions as a national textile and apparel hub, TechnoSport, India’s fastest-growing performance wear brand, has signed a landmark MoU with the Government of Odisha, committing to a ₹100 crore investment to build a next-generation activewear manufacturing facility in the state.
The MoU, inked during the high-profile Odisha-Tex 2025 summit, was formalized in the presence of Hon’ble Chief Minister Shri Mohan Charan Manjhi. The upcoming facility, to be developed within a world-class industrial estate, is projected to generate over 1,000 jobs directly, with a focus on women’s employment, renewable energy, and sustainable manufacturing.
Factory of the Future – Built for Scale, Speed & Sustainability
The planned facility will anchor a government-backed plug-and-play ecosystem, with ambitions to:
- Create 20,000+ direct jobs across the industrial estate
- Drive Rs. 7,000 crore+ in domestic revenues
- Enable $100 million+ in exports
- Operate on renewable energy
- Employ over 80% women workforce
- Incorporate semi-automation, smart tracking, and fabric waste recycling
As part of the vision, the estate will also host a training center in collaboration with a local university, offering degrees and technical education to employees—blending skill-building with formal education.
“This investment in Odisha is more than a factory—it’s a blueprint for the future of Indian manufacturing,” said Sunil Jhunjhunwala, Co-Founder & Managing Director, TechnoSport. “Odisha offers the perfect confluence of skilled workforce, supportive governance, and scalable industrial vision.”
TechnoSport: Rapid Ascent in India’s Value Activewear Segment
Founded in 2007 in Tiruppur, TechnoSport has emerged as a leader in affordable, performance-driven activewear. Known for its advanced textile technology, the company has positioned itself between premium athleisure and mass-market innerwear brands—making tech-enabled performance wear accessible to everyday Indians.
Today, TechnoSport:
- Holds a 10% market share in India’s value activewear segment
- Operates 14+ exclusive brand outlets (EBOs), with rapid expansion underway
- Supplies to over 6,000 MBOs and dominates presence in Tier II and III cities
- Manufactures 12 million+ garments annually
- Achieved triple-digit growth YoY (FY22–FY24) driven by Tier II demand and D2C sales
- Runs a fully integrated, eco-efficient facility in Tiruppur
The brand recently hosted Techno Samavesh 2025, a large-scale trade show attended by 600+ retailers, where Odisha emerged as a strategic retail and sourcing hub.
Business & Funding
Privately held and organically grown, TechnoSport has maintained strong cash flows and continues to reinvest profits into innovation and expansion. While not publicly disclosed, industry estimates peg the brand’s FY24 revenue at ₹ Rs. 400–450 crore, with a CAGR exceeding 35% over the last three years. The company is now exploring structured funding partnerships to accelerate its retail expansion, tech integration, and export strategy.
The TechnoSport Edge: Performance Meets Purpose
TechnoSport’s brand DNA lies in performance fabrics, quick-dry technology, anti-odor innovation, UV protection, and ergonomic fits—offered at highly competitive price points. Targeting India’s rising middle-income youth and fitness-conscious masses, the brand champions inclusivity, durability, and sustainability.
“We’re not just making gymwear; we’re enabling movement—whether for fitness, work, or everyday life,” added Jhunjhunwala.
Next: A Pan-India Footprint, Global Playbook
With the Odisha facility set to become operational by mid-2026, TechnoSport is aiming to double its output and fuel expansion into exports and Tier I city formats. The factory is envisioned as a center of excellence for value-engineered sportswear, aligning India’s textile capabilities with global demand for affordable activewear.
About TechnoSport
Headquartered in Tiruppur, Tamil Nadu, TechnoSport is one of India’s most recognized homegrown performancewear brands. With a vertically integrated model, the company designs, manufactures, and retails apparel engineered for comfort, movement, and affordability. Its mission: to empower every Indian to move better, live better—one garment at a time.
