India’s leading textile player, Nandani Creation Limited, popularly known and identified in the apparel market by the brand name ‘Jaipur Kurti.com’, has proudly announced that it has migrated from NSE Emerge to the Main Board of NSE. The fashion giant said that the month of September 2021 ushered in a huge development for Nandani Creation Limited and its investors. Giving further information about the major announcement of migration from NSE Emerge to the Main Board of NSE, Nandani Creation Limited informed that the Company has received approval from National Stock Exchange of India Limited on 31.08.2021 for migration of 1,0033,950 Equity shares from the NSE-SME platform to the main board of National Stock Exchange of India Limited w.e.f. 02.09.2021.
The major development from the company comes weeks after Nandani Creation made a major announcement of changing its symbol on NSE from “NANDANI” to “JAIPURKURT”. Also, revealing its plans about investment, offline expansion, retail store plans, and hiring. Recently, the Company reported resilient financial results for FY 2021, where the Standalone PAT for FY 2021 has increased by 140% to Rs. 1.78 crores as against Rs. 74 lakhs in FY 2020. The sales turnover of the Company stood at Rs. 46.09 crores in FY 2021 as against Rs 43.73 crores in FY 2020. Commenting on the key anmnouncement, Mr. Anuj Mundhra, Chairman & Managing Director of Nandani Creation Limited, said, “It is a matter of immense pride and happiness as the migration to NSE’s main Board is a major milestone, especially in midst of coronavirus crisis. It is certainly a proud moment for our company and our stakeholders who have extended their valuable support. The trading on NSE’s main segment would lead to greater visibility for the company and will allow the company to deliver higher value to all the stakeholders.”
Mr. Mundhra further added, “We are in the fashion industry for more than 18 years, and the trusted brand ‘Jaipurkurti.com’ has left no stone unturned to assure their customers and clients by providing the most desirable, classy yet ethic outfit as per their preferred choices, and will continue to do living up to our commitment of providing the best of the industry.” Commenting on the next phase of expansion, Mr. Mundhra further said, “We will be taking the count of retail stores total to 20-25 by the end of the year 2023 and in this chain 2 offline stores have already been opened in the past few months. Key cities in the state of Rajasthan have already been finalized for the offline expansion of Nandani Creation Limited. These cities are Kota, Sikar, Jodhpur, Udaipur, Bhilwara, Ganganagar, Neemrana, and Alwar. Moreover, for the Financial Year 2022-23, Nandani Creation Limited will be strongly focussing on big cities like Pune, Gurgaon, Indore, and Delhi as well.”About Nandani Creations.
Founded in 2012 by Mr Anuj Mundhra and Mrs Vandana Mundhra, Nandani Creation Limited, a Jaipur based NSE Listed Company popularly known and identified by its E-commerce and Retail Brand “JaipurKurti.com” is amongst the fastest growing online retail brand in women ethnic wear. We produce a variety of ethnic wear, with our main focus being on Kurtis, kurtas, salwar dupattas, pants, palazzos, different variety of bottom wears, Dupattas, Tops, fusion-wear, Loungewear etc. Nandani Creation Ltd. with its Brand “JaipurKurti.com” will be a global brand in coming years. The Company’s “JaipurKurti.com” Brand ranks among the Top 10 Brands at every Online Marketplace and especially its Bottom wear Category ranks at No. 1 as per the Online Industry trends.
About NANDANI CREATION
NANDANI CREATION LTD. Is the Fashion Giant stands to its name. The journey has started in 2012 and currently working on a very large scale. Its traditional designs which has embarked on its journey to make its name on top of the designing world.We are popularly known and identified in apparel market by our brand name ”JAIPUR KURTI”. Our Company launched its first flagship store with a name “Amaiva”!!! “Amaiva” is the new Brand of Nandani Creation Limited. The Brand owns a diverse range of Dresses & Tunics, Tops, Kurtis, Jackets, Jumpsuits, Suit Sets, different variety of bottom wears etc. for women in a variety of colors and combinations. At Amaiva you will find plenty of styles in kurtis, kurta, bottom wear, and dupattas to add to your closet. With a huge collection of women wears, Amaiva will make it easy for you to choose garments as per the requirement of the event and your mood. The Whole collection will give you a fresh vibe and will assure that everyone praises you for your trendy choice, when you step –out flaunting the style you bought.