About Nitco Limited

Nitco Limited, established in 1966, is a leading player in India’s surface solutions industry with a legacy of over 70 years. The company is the only global enterprise offering a complete portfolio of Tiles, Marble, and Mosaic products, blending technology with nature-inspired designs. Nitco has contributed to some of India’s most iconic projects and is recognised worldwide for quality and craftsmanship. Its presence extends to over 55 countries, supported by a robust network of 650+ dealers, 9 Le Studio experience centres, and 150+ franchise stores across India and Nepal.

Nitco’s product offerings include Tiles with globally benchmarked durability, Marble sourced from more than 25 countries and treated with advanced TRT technology for superior performance, and Mosaics designed with customisable creativity. Alongside building materials, the company also manages a real estate portfolio of more than 330 acres in prime Indian locations including Mumbai, Goa, Alibaug, Virar, Panvel, and Pune. This division focuses on asset monetisation and partnerships with leading developers.

Nitco operates with a strong emphasis on sustainability, integrating eco-friendly practices and recycling in its manufacturing. Its subsidiaries include Nitco Realities Private Limited and Rejoice Realty Private Limited, among others.

Nitco Limited’s Business Segments

The company has two principal operating segments:

• Tiles and Related Products: Revenue of Rs. 31,165.69 lakh in FY 2024–25

• Real Estate: Revenue of Rs. 273.65 lakh in FY 2024–25
  Together, these segments contributed to a consolidated revenue of Rs. 31,439.34 lakh during the year ended March 31, 2025.

Nitco Limited’s Key Management

The leadership team includes:

• Mr. Vivek Talwar, Chairman & Managing Director

• Ms. Poonam Talwar, Non-Executive Director

• Dr. Ajaybir Singh Jasbir Singh Bakshi, Independent Director

• Mr. Harsh Kedia, Independent Director

• Mr. Santhosh Kumar Shet, Independent Director

• Ms. Priyanka Agarwal, Independent Director

• Mr. Sitanshu Satapathy, Chief Financial Officer

• Mrs. Geeta Shah, Company Secretary & Compliance Officer

Latest Updates on Nitco Limited

• Financial Restructuring: Entered into a restructuring agreement with Authum Investment & Infrastructure Limited in October 2024, reducing debt, infusing fresh equity, and monetising non-core assets.

• Operational Strengthening: Conducted 417 stakeholder training and engagement sessions across India, including warehouse, architect, engineer, and mason training programmes to boost operational efficiency.

• Market Expansion: Secured a landmark order worth Rs. 105 crore from Prestige Group in December 2024, which scaled up to Rs. 216 crore across projects in multiple cities.

• Strategic Orders: Signed its first annual agreement with Hindustan Associates, one of Mumbai’s leading tile dealers, marking a milestone in its renewed business model.

• Global Presence: Showcased products at CERSAIE 2024 in Italy and Coverings 2024 in North America, generating strong international leads and enhancing brand visibility.

• Corporate Actions: Issued and allotted 15.68 crore new equity shares and convertible warrants on a preferential basis in January 2025, strengthening the balance sheet.

• Acquisitions: Acquired Rejoice Realty Pvt. Ltd., Norita Investments Pvt. Ltd., and a majority stake in Reliant Properties & Realty LLP to expand its real estate portfolio.