What we do Nitco Limited is a leading Indian manufacturer and seller of tiles, marble, and mosaics, with a strong presence in the surface solutions and real estate sectors. |
Founded in 1,966 |
Market share Recognized brand with strong dealer network across India; exports to over 18 countries; leader in marble processing and surface solutions. |
Problem solved Provides premium, durable, and design-forward tiles and marble to meet construction and architectural needs in residential and commercial markets. |
Top clients or who we serve Builders, architects, real estate developers including marquee names like Prestige Group; serves B2B and B2C sectors via dealers and franchisee stores. |
Key management Mr. Vivek Prannath Talwar (Chairman & Managing Director) with over two decades of leadership experience. |
Our journey and innovations From mosaic tiles in 1966 to cutting-edge porcelain tiles and automated marble processing; launched premium brands like NATUROC and GIBRALTOR. |
Where we operate Mainly India with growing exports to 18+ countries including Europe and North America. |
Top products or what we offer Vitrified tiles, ceramic tiles, premium natural marble, mosaics, and real estate development projects in Mumbai and Pune. |
Top brands NATUROC (premium porcelain tiles), GIBRALTOR (premium collection), innovatively designed marble and mosaic ranges. |
Raw materials needed Marble sourced internationally, ceramic raw materials, imported vitrified tiles components. |
Raw materials supplier Multiple international suppliers from Italy, China, and Turkey. |
Recurring vs cyclical contribution Mostly cyclical revenue tied to real estate and construction market cycles with some recurring dealer sales. |
Our industry position Established player with strong brand equity, innovative products, and extensive dealer network in India’s tiles and marble market. |
Financial highlights FY 2025 consolidated revenue of ₹327.74 Cr; Net loss due to restructuring; recent strong order wins indicate growth trajectory. |
Geographical revenue split ~₹286 Cr from India, ₹28 Cr from rest of world distributor exports. |
Order book Rs 216 Cr order from Prestige Group and Rs 50 Cr from Hindustan Associates underscore strong demand. |
Whats driving growth Product innovation, market expansion especially in Tier 2/3 cities, real estate sector growth, and strategic financial restructuring. |
Our future plans Expand dealer network, launch premium products, grow real estate ventures, and invest in digital retail formats. |
Our green promise Installed co-generation power plant; uses energy-efficient technology in manufacturing; wind power divested for strategic focus. |
Our people and values Diverse leadership, extensive employee training programs, emphasis on innovation, safety and ethics. |
Key challenges ahead Debt restructuring impact, market competition, supply chain costs, labor issues especially at manufacturing units. |
Interesting facts Among India’s first marble firms with fully automated Italian tech processing plant; launched India’s first 'NATUROC' gres porcelain tiles. |
Risks and strategy Mitigation through financial restructuring with Authum Investment, diversifying product portfolio, and expanding real estate to stabilize income. |
