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Fashion Audit

Blackberrys Brand Audit: Ownership, Indian Prices and What the Label Declares

Blackberrys is still held by the Mohan family, with no private-equity or institutional investor anywhere on the record. Its own shop charges 95.6% of the struck price against 86.0% of MRP on Myntra, and it publishes no fabric weight at all.

Blackberrys has been selling Indian men their formal clothes since 1991, and it is one of the few labels on that shelf still run by the family that started it. Six directors sit on the board of the company behind it and every one of them is a Mohan. Most of the well-known menswear names now sit inside a listed group or a fund’s portfolio, so that is the first thing worth establishing.

The second is what it costs, and where. On 11 September 2026 its Myntra shelf was charging 86.0% of MRP across a 200-listing sample, while its own shop charged 95.6% of the struck price across 3,000 products. Buying direct is about ten points dearer.

The third is who answers for the garment. Forty Myntra records read in full that day carried 23 different declared manufacturers between them, and the brand’s own company appeared on two of the forty.

The short answer

Blackberrys belongs to the Mohan family, through Mohan Clothing Company Private Limited, a Delhi company incorporated in 1991. No private-equity or institutional investor is on the record, and no investor shareholding percentage is published. Its own website is the dearer place to buy — 95.6% of the struck price against 86.0% of MRP on Myntra, both read on 11 September 2026 — and it publishes a fibre composition but no fabric weight at all, on a range sold on tailoring.

Who owns Blackberrys

The label is sold in India by Mohan Clothing Company Private Limited, incorporated on 18 July 1991 and registered at 2E/22, Jhandewalan Extension, New Delhi. Three separate mirrors of the corporate register agree on the company number, U74899DL1991PTC045024, on the date, and on the status, which is active.

Founded
1991, by brothers Nitin Mohan and Nikhil Mohan
Operating company
Mohan Clothing Company Private Limited, CIN U74899DL1991PTC045024, incorporated 18 July 1991
Ownership
Promoter-held by the Mohan family; all six directors are Mohans; no institutional investor on the record
Typical price charged
₹2,375 median across a 200-listing Myntra sample; ₹2,625 median across 3,000 products on blackberrys.com
Catalogue
3,173 listings on its Myntra brand page; at least 3,000 products on its own store
Stores
400 exclusive outlets across 150 cities, reported 19 June 2026, plus more than 1,200 multi-brand counters
Checked on
11 September 2026

Rajendra, Nikhil and Nitin Mohan have been directors since the day of incorporation. Nakul Mohan joined in 2007, and Sonali Mohan and Sandhya Mohan in August 2023. The mirrors give two sets of dates for those three appointments — 27 September 2007 and 26 August 2023 on one, 7 May 2007 and 7 August 2023 on the other.

A menswear business of this size in India usually has an outside investor behind it, so that was checked first. Acuité’s rating rationale of 5 February 2018 describes a company founded by Mr Mohan and family, names four Mohans as its directors, and records no private-equity holder. CRISIL’s rationale of 7 August 2023 says daily operations are managed by Mr Nikhil Mohan and Mr Nitin Mohan, and discloses no institutional investor and no shareholding percentages; its rationale of 30 October 2024 says the same. The Crunchbase profile for the brand carries no disclosed funding round. No named publication reporting a private-equity or institutional investment in Blackberrys, or in Mohan Clothing Company Private Limited, could be found at any date, for any amount, by any investor.

So the plain statement is the honest one: on the available record this is a promoter-held family company, and there is no investor percentage to report because none is published. The members list sits outside the public view of the register, so how the family’s own holding is split is not on the record either.

One figure in circulation needs reading slowly. A trade report of 19 June 2026 put ₹100 crore against Blackberrys. That is the company’s own planned spend over two to three years on product, technology, retail expansion and supply chain — money it says it intends to lay out, not capital raised from anybody. The same report carries 70 new stores for the year, single-digit revenue growth in FY2026, double-digit growth targeted for FY2027, Tier II and Tier III markets at roughly 40% of the business and online at roughly 10% of sales.

The brand’s own leadership page dates the family’s cloth trade to 1881, through a firm called Sri Ram & Sons, and describes a lineage of more than 130 years. That is the brand’s account of itself and no independent record of it was found, so read it as heritage marketing rather than an established date. The company that sells you the jacket was incorporated in 1991.

What Blackberrys costs in India

Both channels were read on 11 September 2026. The Myntra brand page carried 3,173 listings; a 200-listing sample drawn from it is a sounding rather than the catalogue, and 126 of the 200 were reduced. On blackberrys.com, a Shopify store, the read stopped at 3,000 products, so the catalogue is at least that size; 547 of the 3,000 were reduced.

Read on 11 September 2026 Myntra blackberrys.com
What was read 200-listing sample; brand page carries 3,173 3,000 products; read capped at 3,000
Reduced 126 of 200 547 of 3,000
Share of the higher published price actually charged 86.0% of MRP 95.6% of the struck price
Median price charged ₹2,375 ₹2,625
Distinct higher prices 30 MRPs 100 struck prices
Distinct discount steps 6 5

That comparison is an aggregate share of the higher published price on each channel, not the same garment priced twice, because no matched pair was read. On the marketplace the higher figure is an MRP; on the brand’s own Shopify store it is a struck price, which is not the same declaration. The direction is still not subtle: the brand’s own shop discounts less often and less deeply, and a shopper who goes straight to the source pays about ten points more of the published price.

Ten points is the mildest version of a pattern across the direct-to-consumer menswear shelf. Wrogn charges 64.1% of the struck price on its own site against 45.3% of MRP on Myntra, about nineteen points dearer at home. The promise of buying direct is a better price from the company that answers for the goods; on this reading, the first half of that promise does not hold.

The other way to read those numbers is more flattering. At 86.0% of MRP it is the third firmest price of the ten menswear brands read that day, and its 95.6% on its own site sits close to Snitch, which charges 95.5% of MRP on Myntra and is the one brand on the shelf whose two channels agree. A price that holds is a price that means something — and Blackberrys holds it firmly in one shop, less firmly in the other.

The grid is worth a moment too. Two hundred listings produced only 30 distinct MRPs and six distinct discount percentages — the tightest discount grid of the ten menswear brands read that day — and 3,000 products on its own store produced five discount steps. These are ladders, not per-garment prices: a planner picks a rung and the garment is placed on it. The same shape shows up at the value end of the Indian high street, which is not where a ₹7,369 blazer expects to find itself.

Who is answerable for the garment

Forty Blackberrys records were read in full on Myntra on 11 September 2026, carrying 23 distinct declared-manufacturer strings between them. The commonest names are third-party firms: Krishna Labels Pvt Ltd of Udyog Vihar on eight records across two addresses, New Horizon Knits of Bahadurgarh on three. Mohan Clothing Company Private Limited, the brand’s own company, is the declared manufacturer on two of the forty. As seller of record, Mohan Clothing appears on 35 of 40 and Flashstar Commerce on five.

A declaration under the packaged commodities rules names the entity legally answerable for the goods. It does not name the workshop that cut and sewed them, and a brand using several declared entities is doing something entirely lawful, so 23 names across forty listings is not evidence of anything hidden. It is a fact a buyer can weigh: the name on the listing is usually not the name over the door of the shop. Set against it, Acuité recorded in February 2018 that the company ran its own manufacturing at a capacity of 37.5 lakh pieces a year, at roughly 80% utilisation. Both statements are on the record, eight years apart, with no published document joining them.

The statutory block itself is complete on the marketplace: net quantity on 40 of 40 records, country of origin on 40 of 40 — India on 39, Bangladesh on one — and a percentage fibre composition on 29 of 40.

Here Blackberrys breaks from the shelf, in the reader’s favour. Two blackberrys.com product pages read in full on 11 September 2026 both carried a percentage composition — 65% polyester and 35% wool on a formal blazer, 63% flax linen and 37% cotton on a linen shirt — with country of origin India and a named manufacturer at a full address. The blazer page also stated the number of pieces. On the same shelf, Bummer‘s own website prints none of that block at all. Across 3,000 blackberrys.com products a percentage composition appears in 281 descriptions; on 40 Myntra records it appears on 29. The two counts measure different things.

One detail, printed without joining it up: the manufacturer line on the brand’s own linen shirt page gives 58-59, Udyog Vihar, Phase IV, Gurgaon, and the registered office on the register is in Jhandewalan, New Delhi. Both are real addresses and they are different places.

Blackberrys sells tailoring, and the one figure that tells you how heavy the cloth is appears nowhere on it.

That is the gap. GSM — grams per square metre, the weight of a fabric — appears on none of the 40 Myntra records and in none of the 3,000 descriptions on the brand’s own store. The marketing reaches for weave words instead: the blazer is “dobby woven material” with “subtle stretch”, and no number follows either phrase. Nineteen clothing brands covered on this site publish no fabric weight a shopper can read, and XYXX is the first that does, in prose rather than a specification field. Blackberrys publishes none.

What the money and the shops say

Blackberrys is large by Indian menswear standards, and its published revenue is not one clean line. Each figure below carries its year, its basis and the document that published it; the bases are not all the same, and two different figures exist for the year to March 2023. Both are printed.

Year to 31 March Figure Basis Published in
2015 ₹569.38 crore Revenue as stated Acuité rating rationale, 5 February 2018
2016 ₹626.46 crore Revenue as stated Acuité rating rationale, 5 February 2018
2017 ₹695.85 crore Revenue as stated Acuité rating rationale, 5 February 2018
2022 ₹836.71 crore Consolidated operating income CRISIL rating rationale, 7 August 2023
2023 ₹1,255 crore Consolidated operating income CRISIL rating rationale, 7 August 2023
2023 ₹1,122 crore Consolidated operating income CRISIL rating rationale, 30 October 2024
2024 ₹997 crore Consolidated operating income CRISIL rating rationale, 30 October 2024
2025 ₹987.71 crore Revenue; basis not stated Mirror of the corporate register

The FY2025 figure comes from a mirror of the register and does not say whether it is standalone or consolidated, so it should not be set against the CRISIL line above it. The brand’s own leadership page claims “revenue of over INR 900 Cr” with no year attached, which makes it a figure for no particular year.

The credit rating is the steadier signal. CRISIL reaffirmed CRISIL A-/Stable on the long-term facilities and CRISIL A2+ on the short term on 30 October 2024, revising the outlook to Stable from Positive; the action of 7 August 2023 had moved it the other way. In the same October 2024 document CRISIL put its FY2025 expectation at ₹1,000 to ₹1,100 crore, down from an earlier ₹1,500 to ₹1,550 crore. That is a projection, not a result.

Blackberrys shopfronts, 2018 to 2026
  • 2018180 exclusive outlets, 1,200-plus multi-brand counters
  • 2023346 retail outlets; franchise outlets 89 to 148 in the year
  • 2024380-plus exclusive brand stores
  • 2026400 exclusive stores across 150 cities

The bases differ: an exclusive outlet, a franchise outlet and a multi-brand counter are three different things.

Acuité, 5 February 2018; CRISIL, 7 August 2023, as at 31 March 2023; Indian Retailer, 22 August 2024; D2C Insider Pulse, 19 June 2026.

The shops are where the money is. CRISIL recorded in October 2024 that franchise outlets, exclusive brand outlets and multi-brand stores together bring in roughly 70% to 80% of sales, and online was put at roughly 10% in June 2026. A mirror of employee-provident-fund data puts headcount at about 377, without dating the reading.

The one court matter, and what it decided

There is one decided court matter involving the company, and Blackberrys was the party that brought it. Mohan Clothing had supplied Blackberrys garments to Future Lifestyle Fashions Limited on a sale-or-return basis. Future Lifestyle went into insolvency, and Mohan Clothing applied to the National Company Law Tribunal in Mumbai for the return of 11,696 unsold garments. On 28 August 2024 the tribunal dismissed that application. It accepted that Mohan Clothing owned the goods, and held that the moratorium under the insolvency code bars recovery of property in the physical possession of the company under resolution while the process runs. Parties were left to bear their own costs.

The same order directed the resolution professional to verify Mohan Clothing’s claim of ₹8.10 crore immediately, held the company under resolution liable for goods sold after the insolvency began, and left Mohan Clothing free to pursue recovery once the moratorium lifts.

This needs saying plainly, because the shape of it invites the wrong reading. Blackberrys was not in insolvency and is not in insolvency. The company under resolution was Future Lifestyle Fashions; Blackberrys was its supplier, trying to get its own stock back. The tribunal decided one question of law on the record as it then stood, did not find anything about the quality of Blackberrys’ goods, its conduct or its solvency, and nobody has ruled on anything between the two parties since. No other decided court matter involving the brand was found.

Who Blackberrys is actually for

This is formalwear for the Indian office and the wedding season, at a median of ₹2,375 charged on the marketplace and ₹2,625 on its own store, with a blazer at ₹7,369 near the top of the range. Roughly 40% of the business was put in Tier II and Tier III markets in June 2026, which fits a 400-store network across 150 cities rather than a metro label.

The case for buying it is real: a menswear name at this price still held by the family that founded it, prices that hold rather than a permanent sale, a complete statutory block on the marketplace, and a fibre composition on its own product pages that most of the direct-to-consumer shelf does not print. The case against is narrower. A tailoring brand publishing no fabric weight is asking to be trusted on the one measurable property of a suiting cloth, and the shop carrying the brand’s name is the dearer of the two places to buy it.

Common questions

Who owns Blackberrys?

The Mohan family, through Mohan Clothing Company Private Limited, a Delhi company incorporated on 18 July 1991. All six directors on the register mirrors are Mohans, and rating agency documents from 2018, 2023 and 2024 describe a promoter-managed company. No private-equity or institutional investor is on the record, and no investor shareholding percentage is published anywhere.

Is Blackberrys cheaper on its own website or on Myntra?

On 11 September 2026 the Myntra shelf was charging 86.0% of MRP across a 200-listing sample and blackberrys.com was charging 95.6% of the struck price across 3,000 products. That is an aggregate comparison across two channels rather than the same garment priced twice, but the brand’s own shop discounts less often and less deeply.

Is Blackberrys an Indian brand, and is it made in India?

It is Indian, founded in Delhi in 1991. Of 40 Myntra records read on 11 September 2026, 39 declared India as the country of origin and one declared Bangladesh. The two product pages read on the brand’s own store both declared India.

Was Blackberrys in insolvency?

No. In one decided matter at the National Company Law Tribunal in Mumbai, order dated 28 August 2024, Blackberrys’ company was the applicant trying to recover 11,696 garments from Future Lifestyle Fashions, which was the company in insolvency. The application was dismissed because of the moratorium, and the company was left free to pursue recovery once the moratorium lifts.

Does Blackberrys publish the fabric weight of its clothes?

No. Fabric weight, or GSM, appears on none of the 40 Myntra records and in none of the 3,000 descriptions read on blackberrys.com on 11 September 2026. It does publish a percentage fibre composition on its own product pages, which most brands on this shelf do not.

References

  1. ZaubaCorp, a mirror of the corporate register — company number, incorporation date of 18 July 1991, registered office, active status, directors and one set of appointment dates.
  2. Tofler, a mirror of the corporate register — the second set of director appointment dates, and agreement on the company number and incorporation date.
  3. The Company Check, a mirror of the corporate register — FY2025 revenue of ₹987.71 crore with no basis stated, and the employee-provident-fund headcount of about 377.
  4. Acuité Ratings rating rationale, 5 February 2018 — founding by Mr Mohan and family, four Mohan directors, revenue for FY2015 to FY2017, 180 exclusive outlets, more than 1,200 multi-brand outlets and manufacturing capacity of 37.5 lakh pieces a year.
  5. CRISIL Ratings rating rationale, 7 August 2023 — operations managed by Mr Nikhil Mohan and Mr Nitin Mohan, FY2022 and FY2023 operating income, 346 retail outlets as at 31 March 2023, and the outlook revision to Positive.
  6. CRISIL Ratings rating rationale, 30 October 2024 — FY2023 and FY2024 operating income, the FY2025 expectation, the channel mix of 70% to 80%, and the reaffirmation at CRISIL A-/Stable and CRISIL A2+.
  7. Order of the National Company Law Tribunal, Mumbai Bench, dated 28 August 2024, as published by Bar and Bench — the dismissal of Mohan Clothing’s application for the return of 11,696 garments, the finding on ownership of the goods, the direction to verify the claim of ₹8.10 crore, and the liberty to pursue recovery after the moratorium.
  8. Indian Retailer, 22 August 2024 — more than 380 exclusive brand stores.
  9. D2C Insider Pulse, 19 June 2026 — 400 exclusive stores across 150 cities, 70 new stores planned, the ₹100 crore of planned own spend, single-digit FY2026 growth, and the Tier II and Tier III and online shares.
  10. Blackberrys leadership page — the 1991 founding by Nitin Mohan and Nikhil Mohan, the 1881 Sri Ram & Sons heritage claim, and the undated “revenue of over INR 900 Cr” line.
  11. Blackberrys product page, Formal Black Textured Blazer (Quaint) — composition of 65% polyester and 35% wool, country of origin, named manufacturer, number of pieces, the ₹7,369 price, and the “dobby woven material” description.
  12. Blackberrys product page, Linen Casual Natural Solid Shirt (Salmon) — composition of 63% flax linen and 37% cotton, and the manufacturer address at Udyog Vihar, Gurgaon.
The FA take

Blackberrys is a rare thing on the Indian menswear shelf in 2026 — a large brand still held by the family that founded it, with no outside investor anywhere on the record, checked three ways. It also does what most of the direct-to-consumer shelf will not: it publishes a percentage fibre composition on its own product pages, with a country of origin and a named manufacturer at a full address. For a ₹7,369 blazer that is the minimum a buyer should expect, and more than the competition offers.

The scepticism goes on two things. First, the brand’s own shop is the worse deal: 95.6% of the struck price against 86.0% of MRP on the marketplace, both read on 11 September 2026 — about ten points of the published price for buying from the source. Second, a company selling tailoring publishes no fabric weight, none on 40 marketplace records and none in 3,000 of its own descriptions, while calling a blazer “dobby woven material” with “subtle stretch”. Weave words are not a number.

Buy it on the marketplace, read the composition line before you read the price, and treat every “subtle stretch” as decoration until somebody prints the grams.

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