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NIBE Ltd

NSE: NIBE BSE: 535136

₹1815.40

(3.83%)

Wed, 24 Jun 2026, 10:32 pm

Company History

2005

  • The Company was incorporated as Kavita Fabrics Private Limited.

2008

  • The Company commenced commercial production.

2012

  • The Company purchased Aayush Creation, a proprietorship firm of one of the Promoters, Mrs. Sarika Chandak.
  • The Company converted into a Public Limited Company.
  • The Company purchased 24 new jacquard power looms.

2014

  • Kavita Fabrics Ltd issued Bonus shares in the proportion of 2:1.

2020

  • The Company name was changed to NIBE Ltd. from Kavita Fabrics Ltd.

2022

  • NIBE received a work order from Goa Shipyard for supplying mild steel and high tensile steel plates with shot blasting and priming for a total consideration of Rs 25.18 crore.

2024

  • The Company signed a Letter of Intent with HBE, South Korea to set-up a joint venture for forging facilities in India to manufacture defence and aerospace products.
  • The Company received a Purchase Order from Ordefence Systems Limited for assemblies, sub-assemblies and supply of 12 kits of small arms for a total consideration of Rs. 307,76,34,875.

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