The Company was originally incorporated as Richway Infrastructure Limited under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated August 11, 2011, issued by Registrar of Companies, Maharashtra, Mumbai and obtained Certificate for Commencement of Business in the same name on September 12, 2011. Further, pursuant to a special resolution passed by the shareholders of the Company at the Extra Ordinary General Meeting held on June 28, 2017, Company’s name was changed to Suumaya Lifestyle Limited. A fresh certificate of incorporation consequent upon change of name was issued on July 07, 2017 by the Registrar of Companies, Mumbai.
Business area of the company:
Suumaya Lifestyle is engaged in the manufacturing of designer wear of women like Kurtis, ethnic tops, salwar suits etc. Established in the year 2011, initially the Company was engaged into real-estate business and was listed into ITP segment and their 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. They are involved in business of manufacturing and trading of dress materials, suits, sarees, kurtis and other allied goods made from cotton, denim, silk, synthetics, jute, velvet, woollen, leather, rexin, or with any combination thereof and to participate in local, national and international trade fairs, sales exhibitions, seminars, fashion shows or any other sales promotion scheme. The company was only in trading business till 2017 and post- acquisition of partnership firm the Company has started manufacturing activity. The company has its own design and production house with expertise and dedicated team. It markets products under the brand name 'ekka', 'ira' and 'tag 9'. Suumaya serves its customers through retail as well as wholesale.
Key Events and Milestones:
- August 11, 2011: Incorporation of Company in the name and style of ‘Richway Infrastructure Limited’
- September 12, 2011: The Company got Certificate for Commencement of Business
- March 11, 2014: The Company altered its main object by adding new object clause ‘Trading in Textile’
- March 11, 2014: The name of the Company changed to ‘Richway International Trade Limited’
- September 09, 2014: The Company got listed in the Institutional Trading Platform of BSE Limited
- June 15, 2017: The Company got delisted from the Institutional Trading Platform of BSE Limited
- July 07, 2017: The name of the Company changed to ‘Suumaya Lifestyle Limited’
- April 16, 2017: Corporatization of Business of the Partnership Firm of Ushik Gala and Ishita Gala, and a part of its Promoter Group into the company
- August 04, 2017: The Company proposed to alter and re-arranging its main object by adding new object clause of ‘Manufacturing of Apparels, Garments and Textiles, etc’.
- March 27, 2018: The Company had received Mid-day Goregaon 2 Dahisar Awards in the category of Fastest Growing Women’s Wear Brand.