
Nitco Limited, a leading player in the tile industry, has achieved a significant milestone in its restructuring journey by securing a Rs. 50 crore annual order from Hindustan Associates, a major tile dealer based in Mumbai.
The purchase order, dated January 15, 2025, includes Rs. 4 crore in supply for Q4 of the current fiscal year and Rs. 46 crore allocated for the next financial year, further cementing Nitco’s resurgence in the market.
This order marks Nitco’s first major annual partnership post-restructuring and highlights its strengthened market position and commitment to growth.
Founded in 1953, Nitco Limited is one of India’s leading manufacturers of premium tiles, marble, and mosaic. With a legacy of innovation and craftsmanship, Nitco is renowned for its aesthetically designed and high-quality products that cater to a wide range of residential, commercial, and industrial applications.
Headquartered in Mumbai, Maharashtra, the company operates a robust manufacturing facility in Alibaug and has an extensive distribution network across India and overseas.