- Business
- Nivaka Fashions Limited engages in the manufacturing, trading, and sale of ethnic wear products for men, women, and children in India and internationally through its flagship online platform Ninecolours.com; core offerings include sarees, lehengas, kurtis, suits, and gowns for women, kurtas, sherwanis, jackets, and kurta pyjamas for men, ethnic wear such as lehengas, gowns, and sherwanis for children, jewelry items like necklaces, earrings, bangles, and bracelets, as well as home décor products comprising bedsheets, tabletops, wall arts, dewan sets, home furnishings, and handicrafts; products are sold under the Ninecolours West, Ninecolours Quirk, and Ninecolours Luxe brand names via online channels with worldwide shipping to countries including the United States, United Kingdom, Canada, Australia, and others. Incorporated in 1983 and headquartered in Kolkata, West Bengal with operations based in Thane and Malad West, Mumbai, the company formerly known as B.T. Syndicate Limited changed its name to Nivaka Fashions Limited in February 2020 to reflect its focus on ethnic apparel and accessories. Recent developments include ongoing board enhancements with the appointment of independent directors such as Suman Kumar Verma in 2023, sustained promoter shareholding at approximately 24.5% through 2025, and compliance filings for the fiscal year ended March 2024, including Regulation 40(9) certificates and substantial acquisition disclosures under SEBI regulations.