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NIBE Ltd. Company History and Annual Growth Details

The Company was incorporated as Kavita Fabrics Private Limited on October 18, 2005 under the Companies Act, bearing Registration No. U17110GJ2005PTC46929 having its Registered Office at Surat, Gujarat, India. Subsequently, the Company became a Public Limited Company in pursuance to a special resolution passed by the members of our Company at the Extraordinary General Meeting held on July 31, 2012. The fresh Certificate of Incorporation consequent to change of name as a result of conversion to a public limited company was issued on September 26, 2012 by the Registrar of Companies, Gujarat, Dadra and Nagar Havelli. The CompanyÂs Corporate Identity Number is U17110GJ2005PLC046929.

Key Events and Milestones of Our Company

Year Milestone

2005

-Incorporation as ÂKavita Fabrics Private Limited

2008

-Commenced commercial production

2012

-Business purchase of Aayush Creation, a proprietorship firm of one of our Promoters, Mrs.Sarika Chandak

-Conversion of the Company into a Public Limited Company.

-Purchased 24 new jacquard power looms

2014

- Kavita Fabrics Ltd has issued Bonus shares in the proportion of 2:1

2020

-Company name has changed to NIBE Ltd. from Kavita Fabrics Ltd..

2022

-NIBE has own work order dated 6 December 2022 from Goa Shipyard for supplying mild steel and high tensile steel plates with shot blasting and priming for main hull and superstructure of floating dock for a total consideration of Rs 25.18 crore.

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