
Fancy Fittings Limited started commercial
production in May 1994, with its manufacturing facilities located
in Daman. The promoters of FFL had originally promoted a partnership
firm called M/s. Fancy Fabrics. The firm had established a very
good reputation in the luggage fittings market and the brand “ff”
owned by it enjoyed strong brand equity.
The firm had developed only dies and
moulds for its products and did not possess any injection moulding
capacity. The firm used to get its products manufactured from other
plastic processors. Given the excellent growth potential in the
luggage fittings and plastic moulded articles market, the partners
decided to go for backward integration by setting up their own production
facility. However, it was decided to establish their production
facilities by formation of a new entity, namely Fancy alternative
financial sources available to a corporate entity.
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