When was Neva Garments founded?

Neva Garments was founded in 1998 and raised its 1st funding round 13 years after it was founded.

Where is Neva Garments located?

Neva Garments is headquartered in Ludhiana, India. It is registered at VILLAGE HUSSAINPURAG T ROAD LUDHIANA, PUNJAB, Punjab, India, 141005.

Which legal entities is Neva Garments associated with?

Neva Garments is associated with NEVA GARMENTS LIMITED.

How many employees does Neva Garments have?

As of Aug 31, 2025, Neva Garments has 295 employees, reflecting a 4% year-over-year decline in headcount.

Is Neva Garments a funded company?

Neva Garments is a funded company, having raised a total of $5.41M across 2 funding rounds to date. The company's 1st funding round was a $***** Angel round, raised on Nov 12, 2011.

How much is Neva Garments worth?

The latest valuation of Neva Garments is ₹***** as of Jun 10, 2016.

When was the latest funding round of Neva Garments?

Neva Garments' latest funding was a $***** Unattributed round on Jun 10, 2016, with participation from 2 investors. Its primary sector is Apparel Brands. In India, the Apparel Brands sector has seen $31.7M in funding in 2026 to date.

What is the annual revenue of Neva Garments?

Annual revenue of Neva Garments is ₹100Cr as on Mar 31, 2025.

Where does Neva Garments rank among its competitors?

Neva Garments ranks 107th amongst 1006 active competitors, of which 9 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was PVH Corp, which secured $1.99M in Aug, 2022.

Who are the top competitors of Neva Garments?

Neva Garments' top competitors include Inditex, American Eagle Outfitters and Abercrombie and Fitch. Among them, PVH Corp secured the most recent funding round in August, 2022.

Neva Garments - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Started in 1998, Neva is known for introducing warm cotton thermals replacing the woollen ones with CPS technology achieved after through R&D in-house. The Neva enjoys a 25 per cent share of the Rs 250 crores branded thermal wear market. The Neva is present in 10,000 retail points and 75 EBOs and it has decided to foray into large format stores and multi-branded outlets with plans to open 25 new stores in Tier two cities. Neva bagged BEST MEDIUM ENTERPRISE at the D& B-Axis Bank Business Gaurav SME Awards 2011.

Website: www.nevaindia.com/
Social
Registered Address: VILLAGE HUSSAINPURAG T ROAD LUDHIANA, PUNJAB, Punjab, India, 141005

Key Metrics

Founded Year

1998

Location

Ludhiana, India

Stage

Seed

Total Funding

$5.41M in 2 rounds

Latest Funding Round

Unattributed, Jun 10, 2016, $*****

Post Money Valuation

₹***** as on Jun 10, 2016

Investors

Gainindia Advisors & 28 more

Ranked

107^th among 1006 active competitors

Annual Revenue

₹100Cr as on Mar 31, 2025

Employee Count

295 as on Aug 31, 2025

Similar Companies

Zara & 5648 more

View Neva Garments' full profile

Neva Garments is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
NEVA GARMENTS LIMITED CIN: U18101PB1979PLC004036 , India, Active	Sep 14, 1979	$11.8M (As on Mar 31, 2025)	295 (As on Aug 01, 2025)

Neva Garments has raised a total funding of $5.41M over 2 rounds. Its first funding round was on Nov 12, 2011. Its latest funding round was a Unattributed round on Jun 10, 2016 for $*****. 2 investors participated in its latest round. Neva Garments has 1 institutional investor and 28 angel investors.

Here is the list of recent funding rounds of Neva Garments:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jun 10, 2016	8229119	Unattributed	4198551	6360254	4096702	4977540
Nov 12, 2011	3844252	Angel	2824104	9035160	Nitin Goyal & 1 more	Nitin Goyal & 1 more

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View details of Neva Garments's funding rounds and investors

The founders of Neva Garments is Niti Jain. Nirmal Kumar Jain is the CEO of Neva Garments.

Here are the details of Neva Garments' key team members:

Niti Jain: Co-Founder of Neva Garments. They serve on the board of 1 company.

Neva Garments' Board of Directors

Neva Garments's board has 5 active members. Niti Jain and Ashish Jain are part of team and Rakesh Kumar Jain, Nirmal Kumar Jain and Komal Kumar Jain are independent board members.

Here is the list of Neva Garments' board of directors:

Name	Type	Representing	Status	Duration
Niti Jain	Team	-	Current	11y 2m
tykdzpr	Team	-	Current	7y 8m
qgcvcfj	Team	-	Past	2y 4m
Komal Kumar Jain	Independent board member	-	Current	44y 5m
plleolm	Independent board member	-	Past	6y 8m
rdc{jln	Independent board member	-	Past	3y 4m
dfrjmaz	Independent board member	-	Past	9y 2m
mgtpdfv	Independent board member	-	Past	9y 3m
ykgkfia	Independent board member	-	Past	8y 8m

View details of Neva Garments's Founder profiles and Board Members

Neva Garments' employee count trend

Neva Garments has 295 employees as of Aug 25. The total employee count is 5.0% lower than what it was in Aug 24. Here is Neva Garments's employee count trend over the years:

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Top competitors of Neva Garments include Inditex, American Eagle Outfitters and Abercrombie and Fitch. Here is the list of Top 10 competitors of Neva Garments, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Inditex 1974, Arteixo (Spain), Acquired	Retailer of fashion products	-	Gov.cz, Europa	68/100
2nd	American Eagle Outfitters 1977, Pittsburgh (United States), Funding Raised	Company offering multi-category fashion products for men and women	-	Terbell Partners, PNC	67/100
3rd	Abercrombie and Fitch 1892, Columbus (United States), Acquired	Internet first brand of fashion apparel wear for men and women	-	-	66/100
4th	PVH Corp 1881, New York City (United States), Public	Brand of fashion apparel wear for men and women	-	Apax, LNK Partners & 2 others	65/100
5th	Max Fashion 2006, Bengaluru (India), Funding Raised	Internet first brand of clothing, footwear, and accessories for women, men, and kids	-	Co-win Ventures	63/100
6th	TCNS Clothing Company 1972, Delhi (India), Acquired	Apparel company offering womens ethnic, fusion, and western wear	$148M	Z47, TA & 9 others	62/100
7th	Salvatore Ferragamo 1927, Firenze (Italy), Public	Brand offering multi-category fashion products for men and women	-	-	62/100
8th	Wildcraft 1998, Bengaluru (India), Early Stage	Brand offering apparel wear for women and men	$20.1M	Peak XV Partners, FidelisWorld & 11 others	61/100
9th	Levi Strauss 1853, San Francisco (United States), Public	Brand of fashion apparel for men and women	-	HTIF, LNK Partners & 1 others	59/100
10th	Zudio 2016, Mumbai (India), Unfunded	Retailer of fashion clothing, footwear, beauty and ethnic wear	-	-	55/100
107th	Neva Garments 1998, Ludhiana (India), Seed	Internet-first brand offering sleepwear for women and men	$5.41M	Gainindia Advisors & 28 others	30/100

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Founders own 30.88%, Enterprises own 20.00% and Other People (largest shareholder) own 48.59%. The net worth of Neva Garments's founders is INR 24.8Cr as of Jun 10, 2016.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	30.88%	24.8Cr	2924378	7937113	9214088	9620349
Nirmal Kumar Jain	5174525	6748761	3923615	7368428	6696926	6964939
Enterprise	20.00%	16Cr	3717678	6621090	3595266	2176405
Other People	48.59%	38.9Cr	8682010	8115946	2498991	9255278
Total	99.47%	79.7Cr	9874103	3643972	2829277	1014097