We are a fast-growing furniture supplier principally engaged in the sale and distribution of upholstered furniture in India through Newcentury Trading, our Operating Subsidiary. We are engaged in the sales and distribution of (i) mainly upholstered sofas under the brands “Domicil,” “Fabbrica,” “Corium Italia,” “Relax Studio by HTL” and “HomesToLife” or under the customer’s retail brand, and (ii) to a lesser extent, other furniture in the living room, dining room and bedroom such as case goods, mattresses, tables and chairs. “Domicil,” “Fabbrica” and “Corium Italia” are European brands designed by top-class designers from all over the world and offer premium and luxury products targeting the middle and upper class. “Domicil,” “Fabbrica,” and “Corium Italia,” are registeredtrademarks under related parties of the Company licensed for use to Newcentury Trading. “Relax Studio by HTL” is a brand targeting middle class customers who prioritize functionality, comfort and quality. “HomesToLife” is marketed to the premium mass market to provide customers with affordable, reliable and customizable options.
