Suumaya Lifestyle Limited was originally incorporated as Richway Infrastructure Limited on August 11, 2011. Subsequently, the name of the Company was changed to `Richway International Trade Limited` on March 11, 2014. The Company was listed on Institutional Trading Platform of BSE Limited on September 09, 2014. Pursuant to Special Resolution duly passed by the shareholders through Postal Ballot and approval from BSE Limited the Company voluntary delisted from Institutional Trading Platform of BSE Limited w.e.f. June 15, 2017. Further, the Company`s name was changed to Suumaya Lifestyle Limited.
Mr. Bipin Gupta, Mrs. Prova Jewrajka, Mr. Birendra Kumar Agarwal, Mr. Nirmal Khemka, Mr. Nirod Chandra Das, Mr. Samir Dhar, Mr. Krishnendu Tapadar and Mrs. Laxmi Agarwal were the subscriber to the Memorandum of the Company. Mr. Nirmal Khemka, Mr. Kanhaiyalal Singhania and Rangoli Tradecomm Private Limited were the promoters at the time of Listing at the Institutional Trading Platform of BSE Limited. Subsequently, Ms. Ishita Mahesh Gala, Mrs. Amisha Sanjay Shah and Indiacredit Risk Management LLP are the present promoters of the Company and Rangoli Tradecomm Private Limited is offering entire shares through Offer for Sale.
The Company is engaged in the manufacturing of designer wear of women like kurtis, ethnic tops, salwar suits etc. and deals in designer women apparels. The Company brings the finest collection of Designer kurtis, ethnic tops, salwar suits etc. and it has a unique destination to shop and styles for women apparels.
Established in the year 2011, initially the Company was engaged into real-estate business and was listed into ITP segment and the current management and Promoters and Promoter Group with experience of around 30 years into the textile business started dealing in cotton and other fabrics used in manufacturing of women apparels.
On April 16, 2017, Suumaya Fashions was acquired by Richway International Trade Limited, through Business Transfer Agreement entered between Suumaya Fashions a proprietary firm of Mr. Ushik Gala and Suumaya Lifestyle Limited (Formerly known as Richway International Trade Limited). Pursuant to the business transfer agreement the Company acquired assets and liabilities of Suumaya Fashions and all the manufacturing operations and trading activities was consolidated with the Company. Suumaya Fashions was earlier engaged in the business of manufacturing and trading of dress materials, suits, sarees, kurtis, garments for men, women and kids including daily wear, wearing apparels, party wears, uniforms, sportswear, active wears, inner wear, purses, belts, wallets and other allied goods made from cotton, silk, synthetics, jute, velvet, woollen, leather or with any combination thereof.