Nitco Limited
Mathew Cyriac bought 20 lakh shares of Nitco Limited for ₹19.01 crore at ₹95.05 apiece in a bulk deal on May 6, 2026. This acquisition represents a 0.83% stake in the company.
A leading tiles and marble manufacturer, Nitco operates across the ceramics sector with a focus on producing high-quality ceramic tiles and marble products for residential and commercial applications. Established in 1966, the company maintains an integrated production infrastructure and serves customers across India through an extensive distribution network. Nitco specializes in both standard and designer tiles, catering to diverse market segments and offering customized solutions for architects and builders.
Led Blackstone India's private equity business and transformed companies like Gokaldas Exports and MTAR Technologies into industry champions. IIM Bangalore gold medallist. Founded Florintree Advisors to continue backing pre-IPO growth platforms, Data Patterns, IdeaForge. His listed equity bets reflect the same PE discipline: a 19%+ stake in ZIM Laboratories, ~3% in Reliance Infra. Concentrated, long-duration, with an operator's eye for what actually creates value.