Indiainfoline - Nitco Tiles

The company is eyeing a turnover of Rs4.5bn in the current fiscal year, and aims to reach the Rs10bn mark in the next three years.

The ongoing strength in the realty sector has prompted Nitco Tiles to augment its overall manufacturing and supply chain in China. After signing its first contract manufacturing tie-up in 2004, the company has now entered into a partnership with the New Zhong Yuan (NZY) Group, the world’s largest manufacturer of tiles. The new deal will ensure uninterrupted supply of vitrified tiles to meet the continuously rising demand for tiles in India.

Nitco Tiles also plans to set up its own showrooms across India. It has already opened 10-15 showrooms. This will reach 100 in two years. It is also planning to enter the wall tiles segment. It will be either through an acquisition or a new facility at Alibaug. The company is also moving into the real estate sector through a 100% unit. It is eyeing a turnover of Rs4.5bn in the current fiscal year, and aims to reach the Rs10bn mark in the next three years.

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