About Nandan Denim Limited

Nandan Denim Limited (NDL) is a Ahmedabad, Gujarat-based textile manufacturer incorporated on August 09, 1994. The company produces denim, shirting materials, yarn, and various fabric types, operating on a B2B model serving fabric re-sellers, garment converters, distributors, wholesalers, dealers, brand owners, and exporters. It runs two plants and three offices in India, serving markets in 12 states domestically and exports to 10 countries internationally. Its products include denim; shirting ranges like basics, smart casuals, casuals, textured, indigoes, sulphur, fancy, and blends; and yarns such as 100% cotton, blended, special open-end, organic cotton, core-spun, and fully dyed varieties.

NDL has no holding, subsidiary, associate, or joint venture companies, highlighting a streamlined standalone structure. Key recent corporate milestones include subdivision of equity shares from a face value of Rs 10 to Re 1 in 2024. The company’s registered office is in Piplej, Ahmedabad, with the corporate office at Chiripal House, Satellite, Ahmedabad.

Its global footprint includes exports to around 10 countries, including Bangladesh, Korea, Columbia, Central America, Sri Lanka, Kenya, Morocco, Egypt, South Africa, and Thailand.

Key Milestones of Nandan Denim Limited

• Equity share subdivision from Rs 10 to Re 1 approved in 2024.
• Credit rating upgraded to IVR BBB/Stable and A3+ in January 2025.
• Scheduled 31st Annual General Meeting for September 17, 2025.
• High investor grievance resolution demonstrated by zero pending complaints at year-end 2024-25.

Nandan Denim Limited Business Segment 

Operates primarily in textiles under a single reportable segment according to Ind AS 108. Exports constituted approximately 0.80% of revenue in FY 2024-25, highlighting a strong domestic market (99.20%). Nandam Denim is engaged in manufacturing and distribution of fabrics including denim, shirting, and different types of yarn for B2B customers domestically and internationally.

Nandan Denim Limited Key Management

• Jyotiprasad Chiripal – Managing Director
• Deepak Chiripal – Chief Executive Officer
• Shaktidan Gadhavi – Whole Time Director
• Suresh Maheshwari – Chief Financial Officer
• Rinku Patel – Company Secretary

Latest Updates on Nandan Denim Limited

• Credit rating upgraded by Infomerics Ratings in early 2025, reflecting improved profitability and capital structure.
• Equity shares subdivided, increasing liquidity and accessibility for investors.
• Management maintained investor relations with timely grievance redressal.
• Upcoming 31st AGM via virtual conferencing in September 2025.