Raj Nawani, man who turned ₹5 lakh loan into ₹150cr revenue brand

Founded by Raj Nawani in 2008, Nostrum Fashion is a menswear fashion brand that manufactures jeans, shirts, t-shirts and jackets. Starting with a ₹5 lakh loan, the Mumbai-based startup clocked ₹150 crore turnover in FY24 and aims to reach ₹500 crore in two years. With 250+ employees, Nostrum is available in 1500 stores and 100 Shop-in-Shop locations.