What we do Nivaka Fashions Ltd retails Indian ethnic wear via offline stores and online channels under its well-known Ninecolours brand. |
Founded in 1,983 |
Market share Known brand in ethnic wear retail; operates omni-channel platform and e-commerce with niche market presence. |
Problem solved Provides accessible Indian ethnic wear through omni-channel retail and e-commerce, catering to fashion needs domestically. |
Top clients or who we serve Indian women consumers seeking ethnic wear; B2C focus through retail and online platforms. |
Key management - |
Our journey and innovations Incorporated in 1983, rebranded in 2019, expanded into e-commerce and wholesaling, exclusive online seller partnerships, launched retail outlets and travel stores. |
Where we operate India primarily, with physical stores in Mumbai and e-commerce presence nation-wide. |
Top products or what we offer Ethnic women's apparel under brands Ninecolours, Ninecolours West, Quirk, and Luxe; also bed and bath products, luggage via partnerships. |
Top brands Ninecolours - established ethnic wear brand; Ninecolours West, Quirk, Luxe - in-house labels; exclusive online seller for Spykar; Bombay Dyeing distributor. |
Raw materials needed Textiles and apparel raw materials for manufacturing branded garments. |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue mainly from retail sales and wholesale distribution; subject to seasonal and fashion cycles. |
Our industry position Small regional brand with steady presence in ethnic wear retail and wholesaling segments; partnered with reputed brands for distribution. |
Financial highlights Revenue of ~Rs 1.47 crore in FY 2024-25; net loss of Rs 0.5 crore; revenue down from previous year amidst challenging market. |
Geographical revenue split - |
Order book - |
Whats driving growth E-commerce expansion, brand partnerships, omni-channel retailing, increasing demand for ethnic wear. |
Our future plans Ongoing projects to enhance omni-channel presence, revocation of stock suspension, and expanding retail footprint. |
Our green promise - |
Our people and values Focus on employee development, training, performance culture, and compliance with workplace safety and benefits. |
Key challenges ahead Financial losses, competitive retail market, regulatory compliance, and recovering from trading suspensions. |
Interesting facts Exclusive online seller for Spykar; distributor for Bombay Dyeing and VIP Industries; operates travel retail stores in Mumbai Metro. |
Risks and strategy Facing financial losses and market competition; strategy includes expanding omni-channel sales and leveraging brand partnerships. |
