Le Merite Marks NSE Main Board Listing, Outlines Growth Vision
At the NSE Main Board listing ceremony, Le Merite’s leadership presented a forward-looking address highlighting the company’s expansion into defence and technical textiles alongside its long-term growth vision.
Good morning to all dignitaries, NSE Officials, Investors, Ladies & Gentleman.
It’s my absolute honor & pleasure to welcome you all on this very special day for our company. Firstly I would like to thank NSE for their enormous support in our journey from Emerge to Main board. NSE is pioneer in creating the Emerge platform providing countless SMEs with a launchpad to grow into large corporates.
Today I feel overwhelmed that Le Merite will trade on the same platform as by my great idols — Shri Dhirubhai Ambani (Reliance group), Shri Ratan Tata (TCS), Shri Narayan Murthy (Infosys) and many other iconic leaders.
Le Merite journey started 22 years back in 2003. Company have achieved many mile stones one after the other. Company have exported & earned valuable foreign currency worth more than USD 500 million in its journey. Our products have travelled to more than 45 countries across 5 continents of the world. We have exported our merchandise to 500+ buyers including biggest brands like H&M, C&A, LC Waikiki & several more.
But today is not just celebrating our past—
It’s time to broaden our vision, to expand our team & to enter unexplored territories. Our Company has diversified into defence clothing & field gear manufacturing & supplies. Le Merite has begun its diversification by getting 10 year licensee from DRDO for technical textile bed sheet. Our Company will manufacture & supply this niche to Para Military, armed forces, Indian Railways & Hospitals.
Our entry into the defence textile & technical textile segment is fully aligned with the vision of our Honorable PM Shri Narendra Modi ji “Atma Nirbhar Bharat”. We are committed to strengthening India’s self-reliance by developing advanced materials, technologies and capabilities within India, with focused investment into latest technology & R&D.
The company is now building capabilities in producing critical defence and technical textiles solutions, including:
- High-Performance ECW Coats/Jackets
- Anti-Bed Bug Bed & Anti-Microbial bed sheet.
- Nylon Coated technical fabrics
- Woven & non-Woven Laminated high-performance fabrics
- Aramid & blended FR fabrics for protective wear.
- Field gear and functional clothing for defence and paramilitary forces
- Digital Printed fabrics for armed forces.
These products are designed to meet the demanding needs of Army, Navy and paramilitary forces, providing superior performance, protection, and comfort in challenging environments.
Its my honour to announce that our company is first in India to develop & introduce new digital uniform fabric for Border security force. BSF old camouflage fabric uniform was replaced after many years & the company have successfully supplied more than 800,000 mtrs worth INR 22.0 Crs for it already.
Across the world, the technical textiles sector is expanding rapidly and is projected to reach USD 250 billion by 2025. India is also becoming a strong player in this space, with the domestic technical textiles market presently estimated at USD 25 Billion & Export of technical textiles at USD 3.0 billion.
Keeping the vision of our honourable CM Shri Devendra Fadnavis ji of Viksit Maharastra our Company have started the execution of setting up a green field technical textile project in Amravati district, Maharastra. I am happy to announce that our company is also been selected under PLI 2.0 for this project. Our Company foresee excellent foothold in defence supplies with the execution of this project. We plan to achieve upto 40% of revenues from our new business vertical within next 3 years.
I take this dais as an opportunity to show my heartfelt gratitude to our valued shareholders. Thank you!!
I want to take this moment to acknowledge Team Le Merite. Your hard work, creativity, and commitment have been the backbone of our success. Every milestone we celebrate today is yours as much as it is mine.
Finally, I want to thank my parents, who have always provided me with knowledge, guidance, and the values. And a special thanks to my wife for her constant support.
I would end my speech with the words of Shri Lord Krishna in Mahabharat: “Yato Dharmas Tato Jayah” (यतो धर्मस्ततो जयः) — Jahan Dharma hai, vahin Vijay hai.