OfBusiness Doubles Exports to Over ₹2,500 Crore in FY26 on Global Demand

SME-focused B2B commerce and financing platform OfBusiness more than doubled its export business in FY26, with overseas OfBusiness revenue surpassing ₹2,500 crore and accounting for 12% of its consolidated revenue. The strong growth reflects rising global demand for Indian manufactured goods and the company’s strategy of expanding exports across apparel, food processing, and chemicals. OfBusiness expects export momentum to continue in FY27, supported by supply chain diversification away from China and new trade agreements such as the India–UK Comprehensive Economic and Trade Agreement (CETA).

The Gurugram-based company has rapidly expanded its global footprint, now exporting to more than 70 countries, including the United States, the United Kingdom, the European Union, and Japan. The United States remains its largest overseas market, while the company continues to increase manufacturing capacity in India and Bangladesh to meet growing international demand.

OfBusiness Crosses ₹2,500 Crore in Export Revenue

The company reported a sharp increase in exports during FY26.

Key highlights include:

• Export revenue exceeded ₹2,500 crore.
• Exports contributed 12% of consolidated revenue.
• Overseas sales more than doubled year-on-year.
• The company expects exports to grow further in FY27.

FY26 Export Snapshot

Metric	FY26
Export Revenue	Over ₹2,500 crore
Share of Consolidated Revenue	12%
Export Growth	More than doubled YoY
Countries Served	70+

Global Supply Chain Shift Boosts Demand

OfBusiness attributed much of its export growth to multinational buyers diversifying sourcing away from China.

The company said India’s growing role as a manufacturing and sourcing hub has increased demand across several sectors, particularly:

• Apparel.
• Food processing.
• Industrial products.
• Chemicals.

The broader “China+1” strategy adopted by many global companies has created new opportunities for Indian exporters seeking to expand internationally. That export pull is running against a softer domestic factory backdrop — India’s manufacturing PMI fell to 53.5 in July, a five-year low.

Presence Across More Than 70 Countries

OfBusiness now exports products to over 70 international markets, including:

• United States.
• United Kingdom.
• European Union.
• Japan.
• Canada.
• Australia.
• Middle East.
• South Asia.

The company continues expanding its sourcing and manufacturing network to support growing overseas demand. India’s pull as a manufacturing base is showing up elsewhere too — Apple India crossed $10 billion in annual sales.

Global Expansion

Area	Details
Export Markets	70+ countries
Largest Market	United States
Manufacturing Expansion	India and Bangladesh
Key Focus	Apparel, food processing, chemicals

Apparel and Food Processing Lead Growth

The apparel business has emerged as one of OfBusiness’ strongest export drivers.

According to the company:

• It supplies seven of the world’s top 10 apparel retailers.
• Manufacturing capacity is expanding in Bangladesh alongside facilities in India.

Meanwhile, the food processing division exports products from Karnataka to:

• United States.
• Canada.
• European Union.
• Australia.

The company expects exports from this business to double again during FY27.

Toward the end of FY26, OfBusiness also entered the bulk chemicals export market, shipping products to South Asia and the Middle East.

India–UK Trade Deal Expected to Accelerate Growth

OfBusiness expects the recently implemented India–UK Comprehensive Economic and Trade Agreement (CETA) to provide another boost to exports.

According to the company, the agreement removes tariffs on nearly 99% of Indian export lines entering the UK, including textiles and apparel, creating additional opportunities for Indian manufacturers.

Strong Financial Performance Supports Expansion

The export announcement follows a solid FY26 financial performance.

The company reported:

• Consolidated revenue: ₹20,645 crore.
• Profit after tax: ₹724 crore.
• Commerce business revenue: ₹19,174 crore.
• EBITDA: ₹769 crore.
• Operating cash flow: ₹1,302 crore.
• Positive free cash flow: ₹390 crore.

The improved cash generation provides additional resources to support international expansion and manufacturing investments.

Looking Ahead

OfBusiness’ export business has become an increasingly important pillar of its growth strategy, with overseas revenue exceeding ₹2,500 crore in FY26 and contributing 12% of consolidated revenue. Supported by global supply chain diversification, rising demand for Indian manufacturing, and expansion into new product categories, the company is strengthening its position as a global sourcing and commerce platform. Its growing presence across more than 70 countries highlights India’s increasing role in international supply chains.

Looking ahead, OfBusiness expects exports to accelerate further in FY27 as benefits from the India–UK trade agreement begin to materialize and manufacturing capacity expands across India and Bangladesh. Continued diversification into sectors such as food processing and bulk chemicals, combined with stronger operating cash flow and profitability, could further reinforce the company’s global expansion strategy ahead of its anticipated public listing.

Frequently Asked Questions

What is OfBusiness’ revenue in FY26?

OfBusiness reported consolidated revenue of ₹20,645 crore in FY26, of which the commerce business contributed ₹19,174 crore. Exports alone crossed ₹2,500 crore, or about 12% of the consolidated figure.

Is OfBusiness profitable?

Yes. For FY26 the company reported profit after tax of ₹724 crore and EBITDA of ₹769 crore, along with ₹1,302 crore of operating cash flow and ₹390 crore of positive free cash flow.

What does OfBusiness export, and where?

Its main export categories are apparel, food processing, industrial products, and — newly, from late FY26 — bulk chemicals. Goods go to more than 70 countries, with the United States the largest market, followed by the UK, the European Union, Japan, Canada, Australia, the Middle East, and South Asia.