Neelam Linens and Garments (India) Limited was incorporated as private limited Company under the name ‘Neelam Linens and Garments (India) Private Limited’, under the provisions of the Companies Act, 1956 and Certificate of Incorporation was issued by the Registrar of Companies, Mumbai on September 22, 2010. The status of the Company was changed to public limited and the name of the company was changed to ‘Neelam Linens and Garments (India) Limited’ vide Special Resolution dated August 12, 2022. The fresh certificate of Incorporation consequent to conversion was issued on September 1, 2022, by the Registrar of Companies, Mumbai.
The company operates as a soft home furnishing company based out of Maharashtra, India, extending its services to a global clientele, including USA, Australia and Far East. It specializes in the processing, finishing and supplying of bedsheets, Pillow cover, Duvet Cover, Towels, Rugs, Doher, Shirts & Garments predominantly for discounted retail outlets. It sources surplus or slightly imperfect fabric from the domestic market, applying value-added services such as designing, digital printing, dyeing, stitching, embroidery, and other enhancements. Subsequently, it distributes these refined products to discounted retail outlets in diverse countries. The company entered the apparel industry by starting an in-house production of men’s and women’s fashion apparel since 2023.
The company also earns revenue from sale of import licenses. An import license is a governmental authorization required for the importation of goods that are not freely importable. Licenses of this form restrict the number of items entering a country to exactly the requirements of those products and the country’s customs regulations. The government primarily offers the licenses as a financial incentive to exporters, and once granted, they become commodities. Import licenses, which grant the holder the right to import goods that may be restricted or regulated, are considered a service when they are sold or transferred. The sale of license business of the company can be bifurcated into two parts, i.e. sale of the import license received from the government as an incentive and trading of the import license available in the market.
The sale of import license received from government as a part of incentive includes RODTEP (Remission of duties and taxes on export product) and ROSCTL (Rebate of state & central Taxes and Levies). These e-scripts are issued by customs in respect of Remission of embedded local duties & taxes levied on FOB value of the exported goods. As the Company does not import any type of goods, they sale the same to the importer available in the market at a reasonable discount. To make Indian product competitive against the nation such as Vietnam, Bangladesh, Thailand etc., government give incentive to the eligible exporters. The company also earns revenue from sale of import licenses.
Business area of the company
The company operates as a soft home furnishing company based out of Maharashtra, India, extending its services to a global clientele, including USA, Australia and Far East. It specializes in the processing, finishing and supplying of bedsheets, Pillow cover, Duvet Cover, Towels, Rugs, Doher, Shirts & Garments predominantly for discounted retail outlets.
Products of the company
- Bed sheet
- Towels
- Pillow covers
- Rugs
- Fabric
- T-Shirts/ shirts
Awards, accreditations or recognitions
- 2015: BIGLOTS-Best Supplier-Shanghai-China.
- 2013: Welspun-Highest Domestic Sales.
History and milestones
- 2010: Incorporation of the company in the name style of ‘Neelam Linens and Garments (India) Private Limited’.
- 2015: Received award in 2015 from Big Lots for best supplier of Made Ups (Bed sheet) from India. The award function was in Shanghai and it was the best exporter of home goods for continues 3 years and it did sells around 30 million Dollar revenue.
- 2022: Change in constitution of the company from Private to Public Limited.
