About Neva Garments
Neva Garments is a company based in Ludhiana (India) founded in 1998. Neva Garments has raised $5.41 million across 2 funding rounds from investors including Gainindia Advisors, Nirmal Kumar Jain and Nitin Goyal. The company has 330 employees as of April 09, 2024. Neva Garments offers products and services including Men's Vest, Men Briefs, T-Shirts, Thermals, and Bermudas. Neva Garments operates in a competitive market with competitors including Hopscotch, Inditex, Bewakoof, American Eagle Outfitters and Styched, among others.
- Headquarter Ludhiana, India
- Employees 330 as on 09 Apr, 2024
- Stage Minicorn
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Sectors
Retail
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Phone
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Website
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Social
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- Legal Name Neva Garments Limited
- Date of Incorporation 14 Sep, 1979
- Jurisdiction Punjab, Punjab, India
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Annual Revenue
$13.04 M (USD)5.6as on Mar 31, 2022
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Net Profit
$220.23 K (USD)3.66as on Mar 31, 2022
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EBITDA
$955.3 K (USD)-0.26as on Mar 31, 2022
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Total Equity Funding
$5.41 M (USD)
in 2 rounds
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Latest Funding Round
$4.81 M (USD), Unspecified
Jun 10, 2016
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Investors
Gainindia Advisors
& 5 more
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Employee Count
330
as on Apr 09, 2024
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Products & Services of Neva Garments
Neva Garments offers a comprehensive portfolio of products and services, including Men's Vest, Men Briefs, T-Shirts, Thermals, and Bermudas.
Sleeveless cotton upper for men providing comfort and support
Underwear for men with elastic waistband for daily wear
Casual cotton shirts for men in various designs and sizes
Insulating clothing sets for men and women against cold weather
Short pants for men suitable for summer and casual activities
People of Neva Garments
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Funding Insights of Neva Garments
Neva Garments has successfully raised a total of $5.41M across 2 strategic funding rounds. The most recent funding activity was a Unspecified round of $4.81 million completed in June 2016. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Neva Garments
Neva Garments has secured backing from 6 investors, including institutional and angel investors. Prominent investors backing the company include Gainindia Advisors, Nirmal Kumar Jain and Nitin Goyal.
| Investor | Description | Founded Year | Domain | Location |
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Printing services are provided to clients in Delhi, India.
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Nirmal Kumar Jain |
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Nitin Goyal |
Angel investor and entrepreneur, founder of Timesaverz, active in Indian startup ecosystem
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Investor details for Neva Garments
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Investments & Acquisitions by Neva Garments
Investment portfolio details for Neva Garments
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Financial Statements - Neva Garments
Detailed financials for Neva Garments
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Neva Garments Comparisons
Peer comparison for Neva Garments
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Competitors of Neva Garments
Neva Garments operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Hopscotch, Inditex, Bewakoof, American Eagle Outfitters and Styched, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Apparel and accessories for children are provided online.
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Retailer of fashion products
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Multi-category fashion products are sold by an internet-first brand.
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Multi-category fashion products for men and women are offered.
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Multi-category fashion for men and women is offered online.
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Brand of fashion apparel for men and women
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Detailed competitors of Neva Garments
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Latest news on Neva Garments
Complete news archive for Neva Garments
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Frequently Asked Questions about Neva Garments
Neva Garments was founded in 1998 and raised its 1st funding round 13 years after it was founded.
Neva Garments is headquartered in Ludhiana, India. It is registered at Ludhiana, Punjab, India.
Nirmal Kumar Jain is the current CEO of Neva Garments.
Neva Garments is a funded company, having raised a total of $5.41M across 2 funding rounds to date.
As of Apr 09, 2024, the latest employee count at Neva Garments is 330.
Annual revenue of Neva Garments is $13.04M as on Mar 31, 2022.
Started in 1998, Neva is known for introducing warm cotton thermals replacing the woollen ones with CPS technology achieved after through RD in-house. The Neva enjoys a 25 per cent share of the Rs 250 crores branded thermal wear market. The Neva is present in 10,000 retail points and 75 EBOs and it has decided to foray into large format stores and multi-branded outlets with plans to open 25 new stores in Tier two cities. Neva bagged BEST MEDIUM ENTERPRISE at the D B-Axis Bank Business Gaurav SME Awards 2011.
Neva Garments offers Men's Vest, Men Briefs, T-Shirts, Thermals, and Bermudas.
Neva Garments has 6 investors. Key investors include Gainindia Advisors, Nirmal Kumar Jain, Nitin Goyal, Vishal Jain, and Nitin Goyal.
The valuation of Neva Garments is $11.97M as of Jun 2016.