Le Lavoir Limited Signs Three-Year Deal with Hotel Tunga Regency Private Limited for Laundry Services
Le Lavoir Limited has secured a significant agreement with Hotel Tunga Regency Private Limited to provide comprehensive wet cleaning, washing, and dry-cleaning services over a three-year period from the date of execution.The contract reinforces Le Lavoir Limited's push to expand its institutional footprint. Operating under the brand name 'Le Lavoir', the Company announced the launch of structured laundry service solutions, specifically addressing the needs for room linen, staff uniforms, and guest laundry associated with the new contract.
Speaking on the business outlook, Sachin Kapse, Managing Director of Le Lavoir Limited, stated that the initiative with Hotel Tunga Regency Private Limited marks a major evolution in the company's approach to the hospitality laundry sector. Kapse noted that the deal changes the company's strategy to now focus on providing linen rental-based solutions. He added that the partnership is designed to deliver scalable, high-efficiency laundry solutions tailored to institutional needs, ensuring consistency, quality control, and timely service execution. Le Lavoir Limited aims to optimize operations through a structured pickup and delivery framework, thereby broadening its customer base and supporting long-term growth initiatives.
Furthermore, Ashok Dilipkumar Jain, Director cum Chairman at Le Lavoir, expressed delight at formalizing the contract. Jain stated that the three-year agreement affirms the trust placed in the company by leading hospitality brands in Mumbai. He described the partnership as a significant milestone in strengthening the company's presence in the hospitality laundry segment.
Le Lavoir Limited, incorporated in 1981, has been operational for over four decades. The company is engaged in laundry services, providing dry-cleaning and laundromat services on an outsourced model to institutions, including hotels. Through structured operations and customer-centric practices, Le Lavoir Limited focuses on delivering reliable and efficient service solutions for modern residential ecosystems.
Stock Price Movement
LE Lavoir Ltd shares settled at ₹218.00 on Monday, closing down 1.16% in session. The stock explored its trading band throughout the day, positioning itself between an intraday low of ₹201.25 and a high of ₹220.55.Source:
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