Nilkamal Ltd

Promoted by the Parekh family, Nilkamal Plastics, incorporated in December 05th, 1985 as Creamer Plastic a private limited company, was converted into a public limited company in Jul.90. In Aug.90, the name was changed to the present one. The Company has organized businesses into 2 categories viz Plastics and Lifestyle Furniture, Furnishings and Accessories.It is Indias largest manufacturer of material handling plastic crates and a leader in moulded furniture. It is one of the companies to benefit from moulded plastic, which is fast replacing conventional materials in the manufacture of innumerable products. Today, using stateoftheart machines and imported moulds from Europe, the company manufactures a range of products material handling crates, moulded furniture, houseware, multilayer packaging films and custom mouldings. Nilkamal has been exporting its quality products since 1986 and has won several export awards. The companys units are located at Sinnar in Maharashtra, Silvassa in Gujarat, Pondicherry and Noida in Uttar Pradesh. The company is in the process of setting up two new manufacturing units at Silvassa and another in West Bengal to cater to increased demand for its products. The company has set up a subsidiary in Sri Lanka to directly cater to the export market.The company is planning to get its Pondicherry factory in line with the policy of the company at Environment friendly.During the financial year 201415, home division closed operation of two stores and opened one new store, while one store was made fully operational from goto market model. The lifestyle furniture, furnishing and accessories division had focused on extensive data analytics for optimizing profitability in retail area and product portfolio. In the financial year 201415, apart from the home portal, the company also entered into business partnerships with other leading ecommerce portals.During the year 2016, the company closed one store situated at Mumbai in Lifestyle Furniture, Furnishing and Accessories Business Division. Further, effective steps have been taken for closure of operation of 3 stores situated at Mumbai, Cochin Hyderabad.During the FY 2018, the Company signed two franchise stores in Tier 2 cities and a few others are in pipeline. Omnichannel customer experience also occupies an important space in the brands strategy for this financial year. A focus on driving digital engagement and digital influence shall help drive business, both online and offline. This would also include enhancing the web experience for a customer and building an assortment specifically for the home digital customer.During the year 2019, the Company has three direct subsidiaries: Nilkamal Foundation in India, Nilkamal Eswaran Plastics Private Limited at Sri Lanka and Nilkamal Crates and Bins FZE at UAE and one stepdown subsidiary: Nilkamal Eswaran Marketing Private Limited at Sri Lanka and two Joint Venture Companies: Nilkamal Bito Storage Systems Private Limited, which is the IndoGerman Joint Venture and Cambro Nilkamal Private Limited, which is the IndoUS Joint Venture.During the year 2019, the Company made an additional investment of 25,370 equity shares of Beta Wind Farm Private Limited, for availing wind energy from them for companys unit situated at Hosur in the State of Tamilnadu.The Companys Sinnar unit was awarded the Energy Efficient Plant by the Confederation of Indian Industry (CII) at its 19th National Award for Excellence in Energy Management 2018. The Company has also received India Manufacturing Excellence Award issued from Frost and Sullivans for its Silvassa Plant, which certifies the enhanced Manufacturing and supply chain Excellence. During the FY2020, the Company was awarded the Asias most trusted brand Awards 2019 by IBC Info Media Pvt. Ltd, a division of International Brand Consulting Corporation, USA for its furniture business. The Company has also received India Manufacturing Excellence Award 2019 issued by Frost and Sullivans for its Hosur Unit, which certifies the enhanced Manufacturing and supply chain Excellence. The Companys Puducherry unit was awarded with the GreenCo Silver,2019 by Confederation of Indian Industry (CII ) Shorabji Godrej Green Business Centre in recognition of Companys efforts towards adoption of Green Practices and being environment friendly which leads to proper management and control of the product, process and Systems w.r.t to Conservation of Natural Resources. The ongoing partnership with BETA Wind Energy Farms Private Limited was optimized for its units consumption leading to lower billing by TNEB to a great extent thereby reducingthe Carbon Emission.