Lenskart Merges Two Subsidiaries, Forms JV With China's Mingfeng for India Frame Manufacturing
Lenskart approved absorbing two wholly owned subsidiaries into the parent and set up a joint venture with China's Mingfeng Glassesworld to produce metal spectacle frames in India, localising supply and cutting import dependence for a key eyewear category.
Lenskart approved merging two wholly owned subsidiaries into the parent and formed a JV with China's Mingfeng Glassesworld to manufacture metal spectacle frames in India, localising supply chain and reducing import dependence for a key product category.
Why this matters
The India frame JV strengthens Lenskart's supply chain as it pursues a 7,000-store expansion and battles Titan EyeCare for India's Rs 30,000 crore eyewear market.
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