Le Merite Exports Ltd.
NNSE:LEMERITE18.92
INR
-0.31
(-1.61%)
ISIN
INE0G1L01025
Return %
Stock
S&P 500
1Y
- -
14.20
3Y
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81.12
5Y
- -
68.34
Capital Structure
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- CEO
- Rubu Thankachan
- Full Time Employees
- 23
- Sector
- Process industries
- Industry
- Textiles
- Address
- A-307, Boomerang Mumbai MA India 400072
- IPO Date
- May 9, 2022
- Website
- lemeriteexports.com
- Similar Companies
- Business
- Le Merite Exports Ltd (NSE: LEMERITE) is an India-based vertically integrated manufacturer and trader of textile products, including cotton yarn, greige fabrics, and finished fabrics. The company produces 100% cotton yarn, cotton blended yarns such as CVC 60/40 and polyester-cotton 65/35 blends, synthetic yarns including 100% viscose and polyester-viscose 65/35, as well as sustainable options like 100% organic cotton (GOTS certified), BCI cotton, recycled cotton (GRS/RCS), and fair-trade blends; its fabric portfolio encompasses greige and processed varieties in weaves such as sheeting, poplin, twill, drill, gaberdine, satin, stripe satin, cambric, voile, and cotton-spandex blends, all conforming to the American four-point quality system. Le Merite Exports Ltd serves domestic markets and exports to approximately 37-40 countries, including Bangladesh, China, Turkey, Portugal, Egypt, South Korea, Iran, Italy, Vietnam, Thailand, Peru, UAE, and the United States, through long-standing customer relationships, exclusive tie-ups, and agents in key importing regions. Incorporated in 2003 and headquartered at B1-104D, Boomerang, Chandivali Farm Road, Powai, Andheri (East), Mumbai, Maharashtra 400072, India, the company operates state-of-the-art manufacturing facilities with around 300 staff and workers. In recent developments, Le Merite Exports Ltd received a 10-year technology transfer license from the Defence Research and Development Organisation (DRDO) on May 24, 2024, for antimicrobial and anti-bedbug textiles, enabling diversification into defense apparel such as extreme cold climate jackets, paramilitary uniform fabrics, rucksacks, ECC coats, and coir mattresses; it secured initial paramilitary orders worth approximately INR 200 million and established an in-house unit for technical textiles targeting defense applications, projecting 46% revenue CAGR to reach INR 1,000 crore by FY2026. Further, the company obtained NSE approval in December 2025 to migrate from the SME Emerge platform to the Main Board, with listing of 25,033,600 equity shares commencing on December 12, 2025, alongside preferential issuances of equity shares and warrants approved in EGM meetings during July-August 2025; it has expanded participation in government tenders for Ministry of Defence, paramilitary forces (CRPF, BSF), Indian Railways, and healthcare sectors, supported by 55% capital and 80% operational subsidies. Le Merite Exports Ltd, a 3-star government-recognized export house, maintains subsidiaries including Le Merite Filaments Pvt Ltd and focuses on innovation, sustainability, and operational efficiency to build a billion-dollar conglomerate in technical textiles.