FROM DREAM TO DPIIT: FABRIK LUST’S 113-DAY SPRINT TO STARTUP INDIA RECOGNITION DPIIT Certificate No. DIPP164965
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THE STORY BEGINS
Fabrik Lust LLP opened its doors on 16 January 2024 with one simple goal: make high-quality, custom apparel easier, faster and more sustainable for organisations everywhere. Less than four months later—on 8 May 2024—we crossed a major milestone: official Startup India recognition by the Department for Promotion of Industry and Internal Trade (DPIIT).
WHAT HAPPENED IN THOSE 113 DAYS
– 16 Jan 2024 Incorporation completed and core team assembled.
– 20 Jan 2024 Startup India profile, innovation brief and financials submitted.
– 05 Apr 2024 Inter-Ministerial Board raised queries about scalability, job creation and IP roadmap; replies filed within 48 hours.
– 08 May 2024 Certificate of Recognition issued (DIPP164965).
WHY STARTUP INDIA RECOGNITION MATTERS
• Three-year income-tax holiday we can activate in any three consecutive years during our first decade—fuel for reinvestment.
• Angel-tax exemption on premium equity, making us a more attractive destination for strategic investors.
• Up to 80 % rebate on patent and trademark fees plus fast-track examination—so new collections reach you sooner.
• Credit Guarantee Scheme eligibility for collateral-free working-capital support up to ₹10 crore—buffering raw-material volatility.
• Self-certified compliance window on nine key labour and environmental laws—freeing leadership time for R & D and customer focus.
HOW THIS ADDS VALUE FOR YOU
1 – More R & D horsepower
Tax savings flow directly into fabric engineering, recycled-fibre trials and AI-assisted pattern optimisation.
2 – Stable, competitive pricing
Lower statutory costs help us lock bulk rates for longer and cushion global cotton-price swings.
3 – Faster innovation cycles
With IPR fast-tracked, we can launch smart-fabric uniforms and hi-viz workwear weeks ahead of industry norms.
4 – Scaled reliability
Credit support enables larger safety stocks of core fabrics—so delivery dates stay firm even when supply chains wobble.
WHERE WE FIT IN THE 2024 STARTUP LANDSCAPE
• India now hosts more than 100 000 DPIIT-recognised startups—but fewer than 3 % operate in tech-enabled apparel manufacturing.
• Only a tiny fraction achieve certification inside four months of incorporation; Fabrik Lust joins that elite cohort.
• Our focus on sustainable bulk apparel places us at the intersection of fashion, logistics and clean-tech innovation.
A WORD FROM OUR FOUNDERS
“Recognition isn’t a trophy on the shelf—it’s a runway extension. Every rupee saved on taxes or compliance will be reinvested in smarter fabrics, zero-waste packaging and a 24/7 digital sample portal for our clients.”
— Aabhash Goenka & Kriti Goenka
WHAT’S NEXT ON OUR FLIGHT PLAN
• Launch of an R & D studio dedicated to circular-fashion pilots and recycled-polyester lines.
• Expansion of our digital supply-chain dashboard, giving clients real-time order tracking from cut to ship.
• Roll-out of a 48-hour rapid-sample service across six metro hubs.
Need bulk customised garments that combine quality, speed and sustainability?
Write to bulk@fabriklust.com and experience the Startup India-powered Fabrik Lust difference.