• Incorporation & History: Neelam Linens and Garments (India) Ltd was initially incorporated as a private limited company on September 22, 2010, under the name Neelam Linens and Garments (India) Private Limited. On August 12, 2022, the company became a public limited company, and its name was changed to Neelam Linens and Garments (India) Limited, with the new Certificate of Incorporation issued on September 1, 2022.
• Corporate Identity: The company’s Corporate Identity Number (CIN) is U17299MH2010PLC208010.
• Headquarters & Facilities:
  • Registered Office: Mumbai, Maharashtra (446-447, 4th Floor, Shah & Nahar Industrial Estate, Lower Parel).
  • Processing Facilities: Bhiwandi, Maharashtra (Prithvi Complex, Old Agra Road).
• Business Segments:
  1. Processing and Trading: The company operates as a soft home furnishing business, primarily processing and supplying products like bedsheets, pillow covers, duvet covers, towels, rugs, shirts, and garments. They specialize in adding value to surplus or imperfect fabrics sourced from the domestic market by applying services like dyeing, digital printing, embroidery, and stitching. These products are then sold to discounted retail outlets globally, including the USA, Australia, and Far East regions.
  2. Sale of Import Licenses: The company also generates revenue by selling import licenses, which are government-issued authorizations required for importing goods subject to regulations. The two types of licenses the company deals with are:
     • RODTEP (Remission of Duties and Taxes on Export Product): This license offers financial incentives to exporters, allowing them to sell the e-scripts to importers at a discount.
     • ROSCTL (Rebate of State & Central Taxes and Levies): This is another form of export incentive which the company sells to importers. These licenses are primarily aimed at making Indian exports more competitive in global markets.
  • License Trading: The company also engages in the buying and selling of import licenses in the market, where they purchase licenses from exporters and sell them to importers, earning a margin from the transaction. This trading activity is often facilitated through brokers or agents.
• Recent Expansion: In 2023, Neelam Linens and Garments expanded into the apparel industry, initiating in-house production of men’s and women’s fashion apparel.

Neelam Linens and Garments (India) Ltd thus operates in the textile sector, focusing on home furnishings and apparel, while also engaging in the trade of import/export licenses as an additional revenue stream.