Study of Strategic Financial Management and Operational Practices at Spykar Lifestyles Pvt. Ltd. in the Indian Apparel Industry

Abstract

This blackbook presents an in-depth account of the MBA internship experience at Spykar Lifestyles Pvt. Ltd., set against a thorough analysis of the global and Indian apparel industry. The global apparel market, valued at USD 1.84 trillion in 2025, is characterized by technological disruption, the rise of sustainability, and omnichannel retail expansion, with India positioned as one of the fastest-growing and most diverse markets. The project investigates contemporary industry trends, including sectoral growth drivers, sustainability imperatives, and digital transformation shaping competitive dynamics. The internship functioned within Spykar's Accounts Department, enabling direct exposure to ERP systems, financial reconciliation, compliance processes, and cross-departmental collaboration. Emphasis was placed on leveraging data analytics and digital tools for driving operational efficiency and actionable financial insights. Key achievements include contributions to process automation, accounts management, and supply chain localization, with notable success in integrating technology and sustainability into daily business operations. Through hands-on involvement, this internship fostered the development of advanced technical, analytical, and soft skills crucial for a career in finance and retail management. Mentor feedback underscored strengths in accuracy, time management, data-driven decision-making, and effective communication, while identifying opportunities for deeper industry exposure and public speaking development. The study concludes by recommending continued investments in talent development, digital integration, evidence-based strategies, and innovative practices to sustain competitive advantage. Spykar's adaptability, customer centricity, and forward-looking approach position it as a dynamic leader in India's evolving fashion landscape. The experience reinforced the value of practical learning, strategic thinking, and professional resilience required for long-term success in the corporate sector.