Siyaram's Franchise
Menswear fabric and apparel stores of listed Siyaram Silk Mills. Page asks 800+ sq ft and 'ability to invest 25-30 lakhs'. 228 operating shop entries on locator.
We couldn't confirm Siyaram's is taking franchisees right now
Treat this as research, not an open offer, until the brand confirms its programme in writing. See the note below.
About This Listing
Siyaram's franchise page lists the shop format (about 800 sq ft), an ability to invest of 25-30 lakh, and a list of company support, but it publishes no franchise fee, royalty, agreement term or territory terms, and it does not say what the 25-30 lakh covers. We could not confirm a complete live offer with terms, so the programme is shown as unconfirmed. Ask the brand which terms apply before you decide.
Source: Siyaram's official franchise page (Siyaram's Shop)
Siyaram's franchise at a glance (terms checked Nov 2026)
Investment
Not published
The brand doesn't publish its investment
Ongoing take
Not published
Franchise fee
Not published
Payback
Not published
- Outlets we could verify: 228 outlets on the brand's own store locator
- Outlet claim matches reality: Claims 200, locator lists 228
Outlets
228 verified
Brand claims 200
What we couldn't verify
- • Outlet closures
- • Franchisee satisfaction
- • Disputes with franchisees
- • Profit or loss
Ask before you sign
- Get written confirmation that Siyaram's is taking franchisees at all before paying anything — see the note at the top of this page.
- Ask for the one-time franchise fee in writing, and whether any part is refundable.
- Ask for the royalty and any marketing-fund fee, and how they're calculated (on sales or profit).
Franchise terms checked against Siyaram's official franchise page on 11 Nov 2026. Figures marked * aren't published by the brand — they come from other published sources or our own estimate, and aren't verified.
Ways to Partner with Siyaram's
2 partner models published by the brand. Figures it doesn't publish are left blank.
Siyaram's Shop
- Investment
- ₹0
- Space
- From 800 sq ft
- Who it suits
- Minimum 800 sq ft in a prominent market location (high street or shopping malls only); ability to invest 25-30 lakhs (scope not stated)
Menswear fabrics, apparel and accessories from Siyaram's, J. Hampstead, Oxemberg, Mistair, Cadini and Royale Linen. Fee, royalty or margin, term and territory are not published.
Oxemberg Store
- Investment
- ₹0
- Space
- 500 sq ft – 1,000 sq ft
- Who it suits
- 500-1,000 sq ft carpet area; prime high street, mall or commercial complex; good visibility; minimum 15 ft frontage
Formal and casual menswear under the Oxemberg brand. No investment, fee, royalty or term is published.
Reputation & News
1 red flag to checkWhat the press, courts and real franchisees or customers have said about Siyaram's — summarised by us, with every source linked.
- In the news· 2026-10-27
Q2 FY27 profit down 13.8% year on year
The company's own Q2 FY27 investor presentation shows profit after tax of Rs 75 crore, down 13.8% on the year, and H1 FY27 profit down 5.9%, while total income rose 15.1% to Rs 827 crore.
Source: Siyaram Silk Mills investor presentation - In the news· 2026-08-24
CRISIL reaffirms AA-/Stable on bank facilities
CRISIL's 24 Aug 2026 rationale reaffirmed Crisil AA-/Stable and A1+ on Rs 350.69 crore of bank facilities and assigned AA-/Stable to Rs 318 crore of preference shares. It cites established brands, a wide distribution network and FY26 group revenue of Rs 2,576 crore; weaknesses include raw-material price volatility and competition.
Source: CRISIL rating rationale - Franchisee view
Franchisee testimonials on the company's franchise page
The company's franchise page carries named franchisee testimonials (for example Lucknow/Barabanki, Patna/Muzaffarpur, Ghaziabad, Solan). They are published by the company and are not independent.
Source: Siyaram's franchise page (the brand's own site)
Legal & Contract Summary
Key contract terms at a glance — read before you sign.
Agreement Type
Franchisee-Owned, Franchisee-Operated
Contract Duration
—Renewal Available
—Territory Exclusivity
—Non-Compete Clause
—Exit Clause
—Who Can Apply for Siyaram's
Conditions the brand sets for partners, and the licences the business needs.
- Space (Siyaram's Shop): Minimum 800 sq ft, high street or shopping malls onlyRequired
- Financial capacity (Siyaram's Shop): Ability to invest 25-30 lakhs and run the business smoothly (scope not stated)Required
- Space (Oxemberg Store): 500-1,000 sq ft carpet areaRequired
- Frontage (Oxemberg Store): Minimum 15 ft, with good visibility and easy accessRequired
About the Brand
Brand USP
A listed textile maker's own menswear fabric-and-apparel shop format, with the franchise page promising site, design, training and IT support.
Why invest in Siyaram's?
Siyaram's by the Numbers
Source marked on each figure200+ (page claim)
Stores on franchise page · 2026-11-08
Brand claim228 operating (our count; 3 more marked New To Open)
Siyaram's Shop operating entries on locator · 2026-11-08
Store locatorRs 228 crore, up 15% (company-wide)
FY26 standalone profit after tax · FY26
Company filingRs 75 crore, down 13.8% year on year (company-wide)
Q2 FY27 profit after tax · 2026-09-30
Company filingSiyaram's Outlet Network
By format · 2026-11-08
- Siyaram's Shop operating entries on locator (excl. 3 New To Open)228
- Zecode stores (company-owned, company-operated)27
- Devo stores (company-owned, company-operated)17
- Oxemberg stores on locator4
By state · 2026-11-08
- Bihar (Siyaram's Shop entries)46
- Uttar Pradesh (Siyaram's Shop entries, incl. 3 spelt UttarPradesh)43
- Maharashtra (Siyaram's Shop entries)39
- Rajasthan (Siyaram's Shop entries)29
Cities with Outlets
Show all 26 citiesHide the city list
Company Financials
Parent / group levelThese figures are for Siyaram Silk Mills Limited, not this brand alone — separate from what a single franchise outlet earns.
Revenue (FY26)
₹2569.3 Cr
Net profit (FY26)
₹228.1 Cr
Employees (2026-03-31)
1,847
A profitable franchisor doesn't mean profitable franchisees. These are the company's numbers, not an outlet's. A franchisor can grow on fees and supplies while outlets struggle — talk to existing franchisees and see their accounts before you decide.
Company Health Check
What Siyaram's's franchisor company has filed with the registrar and the courts — the checks a lawyer would run before you sign.
- Paid-up capital
- ₹9.07 Cr
Group companies
- Cadini SRL (Italy)Subsidiary
Source: CRISIL rating rationale 24 Aug 2026; FY26 BRSR; Q2 FY27 investor presentation. No MCA21 master data, charges list, court, NCLT or consumer-forum search run (checked Aug-Nov 2026)
Full company recordsFinancials year by year, registered details, leadership and timelineShowHide
Siyaram's Financials Over Time
Figures for the parent company, from filed or reported accounts.
Source: Q4 FY26 investor presentation, prior-year column (standalone, company-wide) · Q4 FY26 investor presentation (standalone, company-wide)
A profitable franchisor doesn't mean profitable franchisees. These are the company's numbers, not an outlet's. A franchisor can grow on fees and supplies while outlets struggle — talk to existing franchisees and see their accounts before you decide.
Company Profile
The legal entity behind the brand, its leadership, and its official channels.
- Registered name
- Siyaram Silk Mills Limited
- Company type
- Public listed company
- CIN
- L17116MH1978PLC020451
- Incorporated
- 1978
- Headquarters
- Mumbai
Leadership
- GGaurav PoddarPresident & Executive Director
Company details source: Siyaram Silk Mills BRSR for FY2025-26 filed with NSE (8 July 2026): CIN, registered office at Tarapur (Palghar), paid-up capital. The franchise page does not name the signing entity
Siyaram's Timeline
1978
Siyaram Silk Mills incorporated
Source2024
Company launches own-operated Devo (ethnic wear) and Zecode (fast fashion) store chains
Company-owned, company-operated stores, separate from the franchise shop format (investor presentation).
SourceFY27Announced plan
Company targets about 70 Devo and Zecode stores
Own-operated stores; says 61 stores (38 Zecode, 23 Devo) as of the 27 Oct 2026 presentation.
Source
FranchiseChuno Analysis
Our analysis of verified dataHow Siyaram's looks once the numbers are checked side by side.
- ✓The franchisor company is profitableIts latest filed accounts show a net profit. That's the franchisor's money, not yours: a profitable franchisor doesn't mean its franchisees make money. Check real outlet numbers before you invest.
- ✓Brand operating for 48 yearsFounded in 1978. The brand doesn't state when franchising began.
- ✓Outlet claim matches its store locator228 outlets on its own store locator (2026-11-08), in line with the 200 it claims.
Data completeness
64%
- ✓ Terms checked against the brand's own page
- ✓ Published investment (not an estimate)
- â—‹ Franchise fee
- â—‹ Royalty
- â—‹ ROI or payback claim
- â—‹ Agreement term
- ✓ Training details
- ✓ Outlet cities verified
- ✓ Company financials
- ✓ Legal entity
- ✓ News & public opinion checked
Ask Before You Sign
Questions tailored to what Siyaram's does and doesn't publish.
- 1Get written confirmation that Siyaram's is taking franchisees at all before paying anything — see the note at the top of this page.
- 2Ask for the one-time franchise fee in writing, and whether any part is refundable.
- 3Ask for the royalty and any marketing-fund fee, and how they're calculated (on sales or profit).
- 4Ask for the agreement term, renewal fee and exit or transfer terms.
- 5Ask whether you get an exclusive territory, and how large it is.
- 6Have a lawyer review the franchise agreement before paying anything.
- 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 whatShowHide
Operations Required
What you'll need on the ground to run this franchise day-to-day.
Area Required
800 sq ft
Staff Needed
—
Setup Time
—
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
Supply Chain Support
Vendor sourcing, inventory & logistics
Technology / POS
Billing, inventory, and management software
Marketing Support
National & local marketing campaigns
Launch Support
Pre-opening setup and grand-opening assistance
Ongoing Field Support
Regular visits and operational coaching
Training Programme
Ongoing Support
What Siyaram's franchisees say
We haven't yet heard from enough Siyaram's 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 Siyaram's outlet — share how it went
