Episode 75: Business Breakdown of the Indian B2B Textile Industry

About Mayank Tiwari: Success in the textile industry is not just about fabrics and threads; it's about empowering communities and redefining the way we connect with our roots. Welcome to The One Percent Project, where we bring you the stories of exceptional leaders who have achieved extraordinary success in their fields. In this episode, we speak to Mayank Tiwari, Founder & CEO of ReshaMandi, a natural fibre venture from Bharat (India), along with my co-host Sarthak Ahuja. Sarthak is an Author, Virtual CFO, M&A expert, and ISB Gold Medalist. Mayank Tiwari's saga is one of resilience, ingenuity, and unwavering commitment to transforming the textile industry. As the mastermind behind ReshaMandi, he has forged a path where tradition intertwines seamlessly with innovation, revolutionising the way we perceive and engage with fabrics. Join us as we dive into the fascinating story of ReshaMandi. Mayank shares the challenges of the natural fibre industry, the social impact his company has made in the space, and the exciting future ahead. Listen in as Sarthak and I explore the origins of ReshaMandi, commitment to social welfare, and visionary path forging. Key Take Aways & Transcript: https://bit.ly/TOP_Mayank Follow & Subscribe: WhatsApp: https://bit.ly/TOP_WA2 YouTube: https://bit.ly/TOP_Youtube LinkedIn: https://bit.ly/TOP_LinkedIn Twitter: https://bit.ly/TOP_Twitter1 Instagram: https://bit.ly/TOP_Insta In this conversation, he talks about: 00:00 Intro 02:49 India’s association with natural fibre. 08:45 India’s fibre consumption pattern and Challenges in scaling production of natural fibre. 19:20 How does fashion get influenced? 25:35 Reshamandi’s focus areas and route to profitability. 40:12 Why is the mulberry leaf mentioned in the Vedas? 51:27 Why is Mayank and Saurabh best placed in building Reshamandi? 56:33 Will Reshmandi become a monopoly such as Amazon, where new players will find it harder to enter the space? 1:02:24 Why has Reshmandi expanded from silk to other natural fibres? 1:06:46 What are the available white spaces within the fabric/ textile industry? 1:09:33 Evolution and contribution of Fab India.