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Clovia

Clovia Franchise

Fashion & JewelleryEst. 2013New Delhi

Reliance-owned lingerie brand. Its page cites an investment of up to Rs 25 lakh for a 450-500 sq ft store that Clovia runs; partner payout is not published.

About This Listing

Clovia's franchise page describes a company-run store that a partner funds (fixtures of Rs 12-15 lakh, deposits, rent), but it does not say how the partner is paid, who owns the stock, or the fee, term or exit terms of the agreement ('we get into commercial agreements'). Until Clovia publishes those terms, we show the offer as unconfirmed rather than open (read 2 Nov 2026).

Source: Clovia franchise page, read 2 Nov 2026

Clovia franchise at a glance (terms checked Nov 2026)

Franchising status unconfirmedModels: UnitTerms checked Nov 2026

Investment

Not published

The brand doesn't publish its investment

Ongoing take

Not published

Franchise fee

Not published

Partly refundable

Payback

Not published

FranchiseChuno ScoreNot scored — not taking franchisees
  • Disputes with franchisees: None found (records checked 2026-11-02)
  • Company standing: Active and up to date with the registrar
  • Outlet claim matches reality: Claims 83, locator lists 83

Outlets

83 verified

Brand claims 83

What we couldn't verify

  • • Outlet closures
  • • Franchisee satisfaction
  • • Profit or loss
  • • Revenue trend

Ask before you sign

  1. Get written confirmation that Clovia is taking franchisees at all before paying anything — see the note at the top of this page.
  2. Ask for the one-time franchise fee in writing, and whether any part is refundable.
  3. Ask for the royalty and any marketing-fund fee, and how they're calculated (on sales or profit).

Franchise terms checked against Clovia's official franchise page on 5 Nov 2026. Figures marked * aren't published by the brand — they come from other published sources or our own estimate, and aren't verified.

Investment Breakdown

Per franchisor
Brand-stated ceiling: investment 'up to Rs 25LC' (fabrication plus refundable deposits)
Amount not disclosed

Stated as 'up to' with no total; includes store fabrication and refundable deposits.

Store fixtures (partner's stated risk)
₹12 L – ₹15 L

'12-15 Lc depending on store size' (FAQ Q7).

Petty cash kept at the storeWorking capital
₹5K

FAQ Q6: partner maintains Rs 5,000 petty cash; monthly petty-cash expenses 'around Rs 5000 only'.

Total Investment₹12.05 L – ₹15.05 L

Total excludes a charge whose amount Clovia doesn't disclose.

Model your own numbers in our calculator

Open the ROI calculator

* Breakdown as published by Clovia. Clovia confirms one charge without disclosing the amount — get it in writing before you pay.

Ways to Partner with Clovia

1 partner model published by the brand. Figures it doesn't publish are left blank.

Unit franchise

Clovia franchise store (company-operated)

Space
450 sq ft – 500 sq ft
Royalty / margin
Not published ('healthy profit margins' is a heading with no figure)
Territory
Not stated
Who it suits
No credentials required, per FAQ Q4

Partner funds fabrication and refundable deposits and pays rent, taxes and utilities (utilities reimbursed quarterly); Clovia staffs and runs the store, bears operating expenses and holds the stock. Whether the partner is paid a margin, revenue share or fixed amount is not stated.

What Clovia Says You Can Earn

Brand claim

Clovia's own claim — no evidence given. These are not FranchiseChuno's estimates or a promise of earnings; ask existing franchisees what they actually make.

Operating break-evenMonths until monthly profit turns positive — not the same as getting your money back.
6 months – 24 months

Brand claims on the page: the banner says 'Break-even in 18-24 months'; FAQ Q3 says the store 'should reach break-even within 6 months and start to return your capital'. The two statements differ and neither says whether break-even means monthly operating break-even or recovery of the investment. No profit, margin, revenue share or payout to the franchisee is stated ('healthy profit margins for you' is a heading with no figure), so no ROI or payback can be given. The page's heading 'Low investment high returns' and 'Low-risk Model' are marketing phrases with no figure, minimum or guarantee.

Reputation & News

What the press, courts and real franchisees or customers have said about Clovia — summarised by us, with every source linked.

  • In the news· 2022-03-20

    Reliance Retail acquires 89% of Clovia's operator for Rs 950 crore

    Business Today, 20 Mar 2022: the deal covers a secondary purchase and fresh investment; founders and management keep the balance.

    Source: Business Today, 20 Mar 2022
  • Legal / regulatory· 2019-11-28

    Trademark dispute: 'Shyaway' seller v. Clovia's operator (Madras High Court, 2019)

    A seller of 'Shyaway' products sued Clovia's operator for a declaration that its 2019 legal-notice threats over the 'Clovia' mark were unjustified. The parties settled and the court decreed the suit in terms of the compromise on 28 Nov 2019.

    Source: Madras High Court, C.S. No. 522 of 2019
  • Legal / regulatory· 2025-02-04

    Income-tax appeal withdrawn under the Vivad se Vishwas scheme (Feb 2025)

    ITAT Delhi dismissed as withdrawn the company's appeal for assessment year 2018-19 after it settled under the DTVSV 2024 scheme; the order records a refundable amount of Rs 7,57,987.

    Source: ITAT Delhi, ITA 3234/Del/2024, 4 Feb 2025
  • In the news· 2026-02-01

    Trade piece: Clovia expands in tier 2-3 markets through a growing franchise model

    D2C Insider, 1 Feb 2026, says Clovia has exclusive brand outlets, large-format and multi-brand outlets and 'a franchise model that's growing quickly', with a push into smaller cities. It gives no counts or terms.

    Source: D2C Insider, 1 Feb 2026

Key Terms at Clovia

The clauses that shape day-to-day running and your exit — read these before the fee.

Who pays for what
Partner pays rent, taxes and utility bills; Clovia reimburses utilities every quarter and says it bears all other operating expenses.
Other terms
No operational experience needed: 'We run the store and take care of all the operating expenses'; the partner's duties are rent, taxes, petty cash and utilities.
Stock & returns
'Zero inventory holding on your books'; the partner places a refundable deposit against stock with Clovia.
Other terms
Agreement length, renewal, exit, transfer, territory, and how the partner's earnings are calculated are not published; the steps say only 'we get into commercial agreements'.

Legal & Contract Summary

Key contract terms at a glance — read before you sign.

Agreement Type

FOCO

Franchisee-Owned, Company-Operated

Contract Duration

—

Renewal Available

—

Territory Exclusivity

—

Non-Compete Clause

—

Exit Clause

—

Who Can Apply for Clovia

Conditions the brand sets for partners, and the licences the business needs.

  • Store: 450-500 sq ft; propose a location or Clovia helps find oneRequired
  • Experience: None required ('no credentials required')Preferred

About the Brand

Brand USP

Company-run store model: Clovia says it staffs and operates the franchised store while the partner funds the fit-out and deposits.

Parent CompanyReliance Retail Ventures Ltd (89% stake, March 2022)
HeadquartersNew Delhi
Clovia is an innerwear, nightwear and activewear brand run by Purple Panda Fashions Limited, a Delhi-registered company incorporated in 2012. Reliance Retail Ventures bought an 89% stake for about Rs 950 crore in March 2022, per Business Today. Clovia sells online, through marketplaces and through its own stores. Our recount of its store locator on 2 November 2026 found 83 store entries flagged active (88 listed); its franchise page says '75+ stores across 30+ cities'. The franchise offer is a company-operated model: the page says 'you build the store, we run it'. A partner provides a 450-500 sq ft store and pays the fit-out, rent, taxes and utilities (utilities are reimbursed quarterly); Clovia staffs and runs the store and takes care of operating expenses. The page states 'Investment up to Rs 25LC', including fabrication and refundable deposits, and lists store fixtures at Rs 12-15 lakh as the partner's risk; it gives no single total, so we show no investment figure. It gives break-even as 18-24 months in one place and within 6 months in another. What to watch: because the page does not say how the partner earns (margin, revenue share, fixed payment), who owns the stock, or the agreement length, exit or renewal terms, we list the offer as unconfirmed. 'Healthy profit margins' has no figure. Because the partner funds the store but the brand runs it, ask for the payout formula, the stock and deposit terms and the agreement in writing before paying anything. A 2019 trademark suit in the Madras High Court, in which the company was the defendant, ended in a settlement decree on 28 November 2019.

Why invest in Clovia?

- Clovia's store locator listed 83 store entries flagged active on 2 Nov 2026 (our recount); its franchise page claims 75+ stores in 30+ cities. - It states the company runs the store and bears operating costs, with the partner paying rent, taxes and utilities and funding fixtures of Rs 12-15 lakh. - Reliance Retail Ventures holds 89% since March 2022 (Business Today); the registrar mirror shows the company active with no registered charges.

Clovia by the Numbers

Source marked on each figure

75+ in 30+ cities (franchise page); 80+ outlets in 57+ cities (About blog)

Stores · 2 Nov 2026

Brand claim

83 active of 88 listed, across 53 listed cities

Locator store entries (flagged active) · 2 Nov 2026

Store locator

Clovia Outlet Network

By channel · 2 Nov 2026

Store entries on the locator, flagged active (our recount; 88 listed): 83 outlets · 2 Nov 2026 · clovia.com

Cities with Outlets

Show all 26 cities
Agra, Uttar PradeshAmritsar, PunjabBhubaneswar, OdishaChandigarh, ChandigarhDehradun, UttarakhandDelhi, DelhiFaridabad, HaryanaGhaziabad, Uttar PradeshGurgaon, HaryanaHaridwar, UttarakhandHyderabad, TelanganaIndore, Madhya PradeshJabalpur, Madhya PradeshJaipur, RajasthanJalandhar, PunjabJammu, Jammu and KashmirJamshedpur, JharkhandLucknow, Uttar PradeshLudhiana, PunjabMeerut, Uttar PradeshNoida, Uttar PradeshPatna, BiharSrinagar, Jammu and KashmirSurat, GujaratUdaipur, RajasthanVadodara, Gujarat

Cities with Outlets

26 cities
Has an outlet
Major city, no outlet listed
Click a city to explore

Company Health Check

What Clovia's franchisor company has filed with the registrar and the courts — the checks a lawyer would run before you sign.

Status with the registrar
Active
Last AGM
2025-09-17
Paid-up capital
₹25.45 L
Brand trademark
Not checked - the IP India public search needs a CAPTCHA, which this research does not bypass

Group companies

  • Reliance Retail Ventures LtdHolding company · 89%

Source: Tofler, Instafinancials, Falconebiz (MCA mirrors), brand site, Indian Kanoon, web search; MCA21, GST portal, IP India, IBBI/NCLT, eCourts and e-Daakhil not read directly (checked 2 Nov 2026)

Full company recordsFinancials year by year, registered details, leadership and timelineShow

Company Profile

The legal entity behind the brand, its leadership, and its official channels.

Registered name
Purple Panda Fashions Limited
Company type
Public limited company (unlisted)
CIN
U52100DL2012PLC237371
Incorporated
2012-06-12
Headquarters
New Delhi

Leadership

  • PPankaj VermaniCo-founder and CEO
  • NNeha KantCo-founder
  • SSuman ChoudharyCo-founder

Company details source: Name and CIN as printed in the footer of clovia.com. CIN, incorporation date (12 Jun 2012), status Active and paid-up capital (Rs 25.45 lakh) read on three agreeing MCA-mirror pages: Tofler, Instafinancials and Falconebiz. MCA21 itself was not read.

Clovia Timeline

  1. 2013

    Clovia launched

    Per Business Today, founded by Pankaj Vermani, Neha Kant and Suman Choudhary.

    Source
  2. 2022-03-20

    Reliance Retail Ventures takes 89% for about Rs 950 crore

    Mix of secondary purchase and primary investment; founders and management hold the rest.

    Source
  3. 2026-02-01Announced plan

    Brand says its franchise model is growing, with a push into smaller cities

    D2C trade piece; no store or franchise count given.

    Source

FranchiseChuno Analysis

Our analysis of verified data

How Clovia looks once the numbers are checked side by side.

  • ✓Brand operating for 13 yearsFounded in 2013. The brand doesn't state when franchising began.
  • ✓Outlet claim matches its store locator83 outlets on its own store locator (2 Nov 2026), in line with the 83 it claims.

Data completeness

64%

  • ✓ Terms checked against the brand's own page
  • ✓ Published investment (not an estimate)
  • â—‹ Franchise fee
  • â—‹ Royalty
  • ✓ ROI or payback claim
  • â—‹ Agreement term
  • ✓ Training details
  • ✓ Outlet cities verified
  • â—‹ Company financials
  • ✓ Legal entity
  • ✓ News & public opinion checked

Ask Before You Sign

Questions tailored to what Clovia does and doesn't publish.

  1. 1Get written confirmation that Clovia is taking franchisees at all before paying anything — see the note at the top of this page.
  2. 2Ask for the one-time franchise fee in writing, and whether any part is refundable.
  3. 3Ask for the royalty and any marketing-fund fee, and how they're calculated (on sales or profit).
  4. 4Ask for the agreement term, renewal fee and exit or transfer terms.
  5. 5Ask whether you get an exclusive territory, and how large it is.
  6. 6Have a lawyer review the franchise agreement before paying anything.
  7. 7Visit 2–3 existing outlets and speak to their owners without the brand present.
Running the outletSpace, staff, launch steps, training, support and who does whatShow

Operations Required

What you'll need on the ground to run this franchise day-to-day.

Area Required

450 - 500 sq ft

Staff Needed

—

Setup Time

45 days

Owner Involvement

—

Best Locations

Not published

Business Type

Not published

Training & Support

What the brand provides to help you launch and run your franchise.

Operations Manual

Step-by-step playbook for running the outlet

Not published

Supply Chain Support

Vendor sourcing, inventory & logistics

Not published

Technology / POS

Billing, inventory, and management software

Not published

Marketing Support

National & local marketing campaigns

Not included

Launch Support

Pre-opening setup and grand-opening assistance

Not published

Ongoing Field Support

Regular visits and operational coaching

Not published

Training Programme

Per the page, Clovia's own trained staff run the store, and its trainers hold 'training sessions both offline and online'; hours and fee are not published.

Ongoing Support

Per the page: Clovia runs the store with its own technology, staff and SOPs and bears the operating expenses; it can help find a location (or visit the partner's); the partner 'builds the store'. The partner pays rent, taxes and utilities (utilities reimbursed quarterly) and keeps Rs 5,000 petty cash. Store work takes 30 days (steps) and the store is operational in 30-45 days (FAQ).

What Clovia franchisees say

We haven't yet heard from enough Clovia franchisees to show anything. We publish totals once 3 or more people who run an outlet have answered and we've called each one to check.

I run a Clovia outlet — share how it went

Frequently Asked Questions

When does a Clovia outlet break even?
Clovia states that an outlet's monthly operating profit turns positive after about 6–24 months. Break-even is not the same as recovering your investment.
What training does Clovia provide?
Per the page, Clovia's own trained staff run the store, and its trainers hold 'training sessions both offline and online'; hours and fee are not published.

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