Nilkamal Limited
Kotak Mutual Fund has dropped off the major shareholder list of Nilkamal Limited, where it previously held a 4.55 percent stake. This indicates Kotak Mutual Fund has either completely exited the company or trimmed its holding below 1 percent.
A leading furniture manufacturer, Nilkamal Limited designs and produces comprehensive furniture solutions for homes and offices across multiple materials and styles, including upholstered and non-upholstered products. The company operates as a vertically integrated player with manufacturing capabilities and distribution networks. Nilkamal serves customers through retail outlets, institutional buyers, and e-commerce channels across India and maintains a focus on quality and affordability in the furniture sector.
Wholly owned subsidiary of Kotak Mahindra Bank, one of India's leading private banks. Manages over Rs 4.5 lakh crore in AUM. MD Nilesh Shah is a fixture in Indian financial media and one of the most quoted fund managers in the country. Known for disciplined quality growth positioning and clear communication of investment rationale to investors.