Signoria Creation Limited is a Jaipur-based fashion house and diversified manufacturer specializing in women’s ethnic and contemporary apparel. Since its transition to a Public Limited entity in **July 2023** and its subsequent listing on the **NSE Emerge** platform in **March 2024**, the company has aggressively pursued a strategy of capacity expansion, product diversification, and digital transformation. Operating under the flagship brand **"Signoria,"** the company bridges the gap between traditional Indian heritage and modern fusion wear. --- ### **Strategic Business Segments & Product Portfolio** Signoria operates an integrated model covering design, manufacturing, and multi-channel distribution. The company has recently expanded its footprint beyond fashion into high-growth institutional and medical textile sectors. #### **1. Women’s Fashion & Lifestyle (Flagship)** The core business focuses on **Readymade Garments (RMG)** designed for Gen Z and millennials. * **Ethnic & Fusion Wear:** Kurtis, Pants, Gowns, Dupattas, and Tops. * **Contemporary Additions:** Recently introduced **Co-ord Sets** to capture the shift toward Western-fusion wear, which is projected to occupy **72-75%** of the market by **FY2029**. * **Design Philosophy:** A customer-centric approach where clients are involved in the creation of samples and patterns to ensure "rooted pride and modern sophistication." #### **2. Medical & Healthcare Textiles (New Growth Engine)** In **2024-25**, the company diversified into medical devices and hospital supplies, securing **ISO 13485:2016** and **CDSCO** approvals. | Category | Key Products | | :--- | :--- | | **Protective Gear** | **PPE Kits**, **Face Masks**, **Surgeon Caps**, **Shoe Covers** | | **Hospital Apparel** | **Surgical Gowns** (Disposable/Patient), **O.T. Dresses**, **Medical Aprons** | | **Medical Kits** | **H.I.V. Kits**, **Delivery Kits**, **Baby Care Kits**, **Safety Kits for Safai Workers** | | **Hospital Linen** | **Patient Bed Sheets**, **Pillow Covers**, **Mackintosh Rubber Sheets** | | **Specialized Pads** | **Sanitary Napkins**, **Ultrasorbs**, **Extrasorbs Drypads** | #### **3. Institutional Apparel** The company has expanded into the manufacturing of **Institutional Uniforms** for schools, offices, and government organizations. --- ### **Manufacturing Infrastructure & Operational Scalability** Signoria operates **two manufacturing units** in Jaipur, Rajasthan. The company has utilized **IPO proceeds of ₹9.28 crore** to significantly boost its production floor space and machinery count. * **Capacity Expansion:** On **May 13, 2025**, the company commenced production at a new **5,000 sq. ft.** facility in **Kalyanpura, Jaipur**. * **Production Growth:** Daily output increased from **2,500 pieces** to **3,500 pieces** (a **40% increase**) following the addition of **130 new machines**. * **Inorganic Growth:** On **March 06, 2026**, the company acquired a **60% stake** in **Herble Prints Private Limited** to strengthen its supply chain. **Annual Installed Capacity by Category:** * **Kurti & Pant & Dupatta Sets:** **2,68,000 units** * **Kurti & Pant Sets:** **1,65,000 units** * **Kurtis (Standalone):** **1,55,000 units** * **Tops:** **1,25,000 units** * **Gowns:** **35,000 units** * **Other Apparel:** **28,000 units** --- ### **Financial Performance & Capital Structure** The company has demonstrated robust top-line and bottom-line growth, supported by a successful public listing and disciplined capital management. **Key Financial Metrics (Audited):** | Metric (INR Crore) | FY 2024-25 | FY 2023-24 | Y-o-Y Growth | | :--- | :--- | :--- | :--- | | **Total Revenue** | **27.22** | **19.56** | **39.12%** | | **EBITDA** | **5.29** | **4.04** | **31.02%** | | **Net Profit (PAT)** | **3.02** | **2.41** | **25.32%** | | **EPS (INR)** | **-** | **7.12** | — | **Capital & Debt Profile:** * **IPO Details:** Raised **₹9.28 crore** by issuing **14,28,000 shares** at a premium of **₹55 per share**. * **Bonus Issue:** Executed a **2:1 bonus issue** in **October 2023**. * **Paid-up Capital:** **₹4.76 crore** (comprising **47,58,000** equity shares of **₹10** each). * **Asset Financing:** Secured a term loan from **HDFC Bank** for a new factory in **RIICO Industrial Area, Jaipur** (Total cost **₹6.5 crore**), which became operational on **October 27, 2024**. --- ### **Market Strategy & Future Growth Drivers** Signoria is positioning itself to capitalize on the **16% CAGR** projected for the branded apparel segment through **FY2029**. * **Digital Transformation:** Implementing **Fashion-tech** solutions, including **AI-driven sizing**, virtual trial rooms, and influencer-led commerce on platforms like **Myntra**, **Ajio**, and the company’s own website. * **Export Opportunities:** Targeting a **30-45%** rise in exports to the **UK**, leveraging the **India-UK Free Trade Agreement (FTA)** which eliminates **8-12%** import tariffs. * **Government Tailwinds:** Aligning with the **PM MITRA Parks** scheme (targeting **₹70,000 crore** investment) and the **PLI Scheme** for value-added textiles. * **Geographic Expansion:** Moving from a Jaipur-centric model to a **PAN India** presence while targeting the global Indian diaspora. --- ### **Risk Management & Governance** The company maintains a multi-level risk framework overseen by the **Audit Committee** to mitigate the challenges of a fragmented industry. * **Market Volatility:** Mitigated by a diversified product mix (Ethnic + Medical + Institutional) to offset seasonal fashion cycles. * **Sustainability:** Addressing the "Fast Fashion" impact by focusing on sustainable production processes and waste management. * **Governance Highlights:** * **No pending litigations** as of October 2025. * **No statutory dues** outstanding for more than six months. * **No public deposits** accepted; no funds diverted to undisclosed intermediaries. * **Human Capital:** Median employee remuneration increased by **41.24%** in FY25, reflecting a commitment to talent retention during scaling. --- ### **Operational Comparison: Pre vs. Post Expansion (May 2025)** | Metric | Pre-Expansion | Post-Expansion | Change | | :--- | :--- | :--- | :--- | | **Daily Production** | **2,500 pieces** | **3,500 pieces** | **+40%** | | **Facility Size** | Existing Units | **+5,000 sq. ft.** | New Unit Added | | **Machinery** | Base Count | **+130 machines** | Significant Upgrade | | **Certification** | Textile focus | **ISO 13485:2016** | Medical Entry |