- Signoria Creation is a Jaipur-based fashion house that makes and sells women’s clothing under its own brand - a single engine built on Indian design, pure-cotton fabric and an in-house manufacturing chain that runs from sketch to dispatch. It began in 2019 as a private venture, converted to a public company in mid-2023 and listed on the NSE Emerge platform in March 2024, then used that public-company footing to acquire a 60% stake in a textile-printing subsidiary and bring a key process inside the group. The recurring approach is simple: own the making, control the quality, sell through wholesalers who know their local markets, and never let gross margins slip below 28-30%. # Business segments A single engine - a branded women’s-apparel house - with a recently acquired printing-and-dyeing subsidiary that feeds it from within the group. ## 1. Signoria branded apparel: where the group earns its living **The company designs, stitches and sells women’s ethnic and fusion wear under its own label, reaching customers almost entirely through a nationwide wholesaler network that it supplies from two Jaipur factories.** - **One brand, many silhouettes** - the Signoria label covers Kurti-Pant-Dupatta sets (about 62% of revenue), Kurti-and-Pant sets, Tops, standalone Kurtis, Gowns and Co-ord Sets, all cut from pure cotton and designed to blend Indian tradition with contemporary shapes. - **Wholesale is the backbone** - roughly 85% of sales are B2B, with around 250 regular wholesale customers; the top two to four each account for only 5-8% of revenue, so no single buyer dominates the order book. - **Made in-house, from drawing to packing** - the company runs its own design studio and two Jaipur factories totalling 25,000 sq ft, with an installed capacity of up to 4,27,000 pieces; the production line moves through designing, procurement, layering, cutting, sewing, finishing, steam ironing and labelling before dispatch. - **Capacity has grown in deliberate steps** - daily output rose from 596 pieces in 2019 to 10,000 pieces by 2025-26, with each jump tied to a specific move: adding 150 machines, shifting to an owned factory, and later adding another 150 machines plus a rented 5,000 sq-ft unit that boosted daily production capacity by 1,000 pieces from 2,500 to 3,500 pieces per day. - **Pan-India reach, early export signals** - Delhi and Gujarat together contributed about a quarter of FY26 sales, with the rest spread across more than 20 states; roughly 5% of sales went to Nepal through an agent, and the company is preparing to enter the Middle East, Australia and the US within the next two to three years. ## 2. Herble Prints: the printing-and-dyeing arm that was bought, not built **A 60%-owned subsidiary acquired in March 2026, Herble Prints brings textile printing, dyeing and fabric-trading capabilities inside the group so Signoria can print on demand, hold less inventory and create designs competitors cannot copy.** - **Backward integration in one deal** - the subsidiary trades in cotton, silk, rayon, nylon and Jaipuri Sanganeri prints, and its acquisition lets the group develop and expand the textile business both in India and abroad. - **A going concern with its own track record** - Herble Prints was incorporated in September 2019 and generated turnover of roughly ₹28 crore with a profit after tax of about ₹85 lakh in FY25, so it arrived with an established operating history. - **Digital printing is the next lever** - the group plans to install modern digital printing machines at Herble Prints within two years, aiming for on-demand printing that cuts inventory and enables “monopoly designs” unavailable to rival manufacturers. - **Common leadership, arm’s-length dealing** - Vasu Dev Agarwal, Babita Agarwal and Mohit Agarwal serve as directors of both Signoria Creation and Herble Prints, and all transactions between the entities are conducted at arm’s length. # Group structure and partners **A listed parent, one operating subsidiary and a web of related trading entities - all under a family board that keeps control tight while tapping public capital.** - Signoria Creation Ltd. is the listed parent (NSE Emerge, symbol SIGNORIA), with a paid-up equity capital of ₹4,75,80,000 (₹4.758 crore) held entirely in dematerialised form as of March 2025. - Herble Prints Private Limited is the 60% subsidiary, acquired for ₹3.06 crore in an all-cash deal; the remaining 40% sits with other shareholders. - Binduja Exports Private Limited, where a director’s daughter is a director, is another related party, with proposed transactions of up to ₹11 crore in FY26 for the sale or purchase of goods. - The five-member board is chaired by Vasu Dev Agarwal (CMD), with Babita Agarwal as Whole-Time Director and Mohit Agarwal as Non-Executive Director; the two independent directors are Harsha Tinker and Pratibha Soni.