The NITCO Group came into existence in the year 1956 with the formation of a partnership firm at Delhi under the name of The Northern India Tiles Corporation (Delhi) for manufacturing mosaic tiles. The partners of this firm were Mr. A.N. Talwar (HUF), Mr. P.N. Talwar and Mr. W. N. Talwar. In the year 1964, another partnership firm was formed under the name of The Northern India Tiles Corporation (Bombay), with Mr.A.N.Talwar, Mr. P.N.Talwar, Mr.W.N.Talwar, and others as partners to manufacture mosaic tiles at Thane, Mumbai, wherein by an agreement, a license was granted by The Northern India Tiles Corporation (Delhi) to use the brand "NITCO". NITCO Group is engaged in segments relating to construction industry, which includes building products, manufacturing tiles, paints and other construction activities. Our Company is the flagship company of the group. Mr. Vivek Talwar and Ms. Poonam Talwar, son and daughter of Mr. Pran Nath Talwar respectively, joined the Nitco Group and are now in charge of the management of our Company as well as our group companies. Our Company Nitco Tiles Private Limited was incorporated on July 25, 1966 at Delhi to take over the business of manufacturing and marketing of tiles from The Northern India Tiles Corporation (Bombay). On May 11, 1973, the registered office of the Company was shifted from the Union Territory of Delhi to the State of Maharashtra vide order of the High Court at Delhi. Subsequently, our company was converted into a public limited company with effect from January 25, 1996. Pursuant to this, the name of our Company changed to Nitco Tiles Limited. Pursuant to the take over of the business of the partnership firm, our Company started to manufacture mosaic and terrazzo tiles at Thane, Maharashtra. In 1984, we started our operation at Kanjurmarg, Mumbai for processing and distribution of imported marble in India. Growing further, in 1995, we began the implementation of a green field project for manufacture of ceramic floor tiles at Alibaug, Maharashtra and started the commercial production of ceramic tiles in 1997. In 2002, we started one more marble processing unit at Slivassa. In 2004, we scaled up operations of outsourcing vitrified tiles from China. Currently, our product portfolio comprises of ceramic tiles, vitrified/wall tiles, cement terrazzo tiles, pavers and marbles etc. In 1995, our Company commenced to set up a project for the manufacture of ceramic tiles at Alibaug in Maharashtra. The project cost was appraised by ICICI at Rs. 812 mn. The cost of setting up the project was proposed to be financed through a mix of debt of Rs. 451 mn, promoter's contribution of Rs. 222 mn and public issue of equity shares of Rs. 139 mn. for which our Company received the SEBI acknowledgment card in February 1997. However, we decided not to proceed ahead with the public issue due to bad market conditions. We successfully completed the project in 1997 with a delay of ten months and cost overrun to the extent of Rs. 80 mn. 2006 -Nitco Tiles enters into CMA with Foshan Lungo Ceramics 2008 - Company name has been changed from Nitco Tiles Ltd to Nitco Ltd. 2009 --Registered Office of the Company has been shifted from 86-A Maker Chamber III 8th Floor, Nariman Point Mumbai - 400021 to Nitco House, Recondo Compound, Inside Municipal Asphalt Compound, S. K Ahire Marg, Worli, Mumbai - 400030. 2010 - Setup of world class marble processing facility from Breton (Italy) at Silvassa. 2012 - Nitco Tiles - Approval of CDR Package and Issuance of LOA. 2013 -Mr. Ashok K. Goyal, has been appointed as the Chief Executive Officer of the Company. 2014 - Mr. Sharath Bolar has been appointed as a Additional (Independent) Director of the Company. -Mr. Rakesh Kumar has been appointed as a Nominee Director of the Company. 2016 -Change of Place of Registered Office address of the Company within the same city from "Nitco House, Recondo Compound, S. K. Ahire Marg, Worli, Mumbai- 400 030." To "Nitco House, Station Road, Kanjurmarg (East), Mumbai- 400 042."