Nilkamal Ltd (Nilkamal) is a manufacturer of furniture products. The company material handling solution, moulded furniture products, metal racking and storage, rigid packaging, bubbleguard for packaging and protection, wood furniture, metal furniture for education, healthcare and other institutions, sofa manufacturing, office seating solutions, mattress and foam for consumer and industrial purposes. It offers a comprehensive portfolio that includes bins and crates, pallets, material handling equipment, shelving and racking systems, insulated boxes, waste management solutions, road safety barriers for infrastructure management, hospitality sector products for commercial food preparation and service. These solutions are designed to ensure efficient storage, protection, retrieval and movement of goods in industrial and warehousing environments. Nilkamal operates through Nilkamal Home, the Mega Home Store Retail Chain and the brand Nilkamal, while offering to various industries including automobiles, engineering, electrical, hospitality and catering, logistics, pharmaceutical, food and beverages, fisheries, retail, dairy and agriculture, textiles, and horticulture.

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Nilkamal continues to prioritize research and development (R&D) as a strategic enabler for product innovation, operational excellence, and long-term competitiveness. The company focuses on continuous improvement of existing product portfolios and development of innovative solutions, which are central to its growth strategy. These initiatives have enhanced manufacturing efficiency, met operational targets, and delivered superior value to customers across markets. The R&D unit(s) of Nilkamal are responsible for managing the company's R&D activities, focusing on product innovation, operational excellence, and long-term competitiveness. During the year under review, Nilkamal incurred recurring R&D expenditure of INR127.7 million.