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Incorporated in 1992 as a public limited company, Cityman Clothings (India) was promoted by Santhosh J Karimattoom, to take up the business of manufacturing and marketing of branded ready made garments. The company started marketing its products from Jan.'93 with sourced / subcontracted products. Products of its own manufacture entered the market in Aug.'93, with the commencement of commercial production under phase I in a leased premises at Indiranagar and Koramangala in Bangalore. The company is setting up its own factory to increase the in-house capacity for garments manufacturing from the present level of 650 units pd to 1060 units pd and to set up a chain of company-owned exclusive rooms. The company is planning to introduce the well known upmarket foreign brand Savile Row. The Company is planning to enter into the the field of I.T. enabled services. The Company has got the RBI approval to invest in Mediscription Inc., a U.S. based company. The Operations in I.T. will be set up very soon and the company is working out the funding part for this project. The Company is chalking out a plan for a preferential/Private placement of shares for this purpose. The Company's name has been changed to Cityman Limited to reflect the planned activities. |
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