PDS Limited, a global fashion infrastructure platform, has announced a significant development in its business operations. The company has entered into a Sourcing as a Service (SaaS) contract with a prominent US-based value retailer. This strategic partnership is expected to drive sourcing volumes of approximately ₹450 crore, with potential for further expansion.
Under the terms of the agreement, PDS will leverage its comprehensive sourcing capabilities, utilising its extensive global network to manage vendor relationships, ensure compliance, and execute supply chain operations. The US retailer, known for its strong presence in both urban and rural markets, offers a diverse range of everyday essentials, including consumables, apparel, home products, and seasonal merchandise at competitive prices.
The execution of this contract will be managed by PDS subsidiary GSCL, under the leadership of Michael Yee. Yee, who has been part of the PDS platform for the past year, is instrumental in scaling the company’s US business. This contract marks a significant step in PDS’s strategy to strengthen its market presence in key regions through effective leadership and execution.
Pallak Seth, Executive Vice Chairman of PDS, commented on the partnership, stating, “In an environment marked by macroeconomic uncertainty and evolving consumer demand, securing this partnership reflects the resilience of the PDS platform and the strength of our global ecosystem. Our widespread sourcing network, deep relationships, and ability to deliver agile solutions continue to position us as a partner of choice for leading global retailers.”
Sanjay Jain, Group CEO, added, “Our continued investments in cost transformation, digital capabilities, and AI-led initiatives have strengthened our sourcing platform and enhanced our value proposition. This partnership is a testament to the robustness of our operating model and our ability to deliver scalable, efficient, and innovative solutions. We remain confident in executing this engagement successfully while continuing to build a strong, future-ready sourcing platform.”
PDS Limited operates a vast global network, covering over 90 offices in 22 countries, with more than 4,500 employees and 6,000 factory associates worldwide. The company reported consolidated revenues of ₹12,578 crore in FY25 and is listed on India’s leading stock exchanges, BSE Ltd. and the National Stock Exchange of India Ltd.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).
This article is written by Arunika Jain and reviewed by Aman Shukla before publication.